- Wildcat Resources (WC8) finds pegmatites at the Wildplay Joint Venture Project
- The company has identified ten localities containing outcropping pegmatite within a five-kilometre radius of the Red Panda prospect
- Two measured 30 metres in width and covered 200 metres of strike, while a third covered 180 metres of strike
- Rock chip samples have been sent for analysis and further fieldwork is planned
- Shares in Wildcat Resources are down 1.96 per cent to 5 cents at 1:27 pm AEDT
Wildcat Resources (WC8) has found new pegmatites at the Wildplay Joint Venture (JV) Project in Western Australia’s Eastern Goldfields region.
Wildcat could potentially earn an interest of up to 75 per cent in the non-gold rights of FairPlay Gold’s Bullabulling Project, which includes the Wildplay JV, through an option agreement.
The company identified ten localities containing outcropping pegmatite while carrying out follow-up fieldwork within a five-kilometre radius of the Red Panda prospect.
Two of these pegmatites reportedly had outcrops measuring at least 30 metres wide and extended over 200 metres of strike. A third pegmatite extended over 180 metres.
Wildcat said 29 rock chip samples had been collected from the pegmatite outcrops and submitted for mineralogical and geochemical analysis with results still pending.
Wildcat Resources’ CEO Samuel Ekins said the occurrence of large and clustered pegmatites was encouraging and further fieldwork was planned.
“Samples have been collected to assess for pegmatite-hosted lithium-caesium-tantalum mineralisation,” he said.
“The recent work highlights that the tenements are under-explored and further work is planned to address this.”
Looking ahead, Wildcat said prominent geochemist Nigel Brand would review the assay results to characterise the pegmatites and assist with exploration planning.
Shares in Wildcat Resources are down 1.96 per cent to 5 cents at 1:27 pm AEDT.