The Wildcat project is located 90 kilometres west of Watson Lake, in the Rancheria District of southern Yukon, Canada. 1,940 hectares in size (19.4 sq km), widespread silver-lead-zinc mineralization occurs across the property. Mineralization on the Wildcat was discovered in the early 1940s where early work focussed on a series of narrow, high-grade argentiferous galena veins and fracture filings, hosted primarily within dolomite and limestone. More recent work, including diamond drilling in the mid 1980s, was directed at the ‘Main Zone’, a zone of manto-style silver-lead-zinc mineralization.
From 1983 – 85 most work tested a large gossan zone in the central part of the property (the Main Zone). Butler Mountain Minerals completed a Pulse EM survey over the gossan zone and identified a strong, 600 meter long, north-northeast trending conductor. From 1983-85, 35 diamond drill holes were drilled, the majority of which tested this target. Drilling successfully intersected multiple zones of massive pyrrhotite-sphalerite mineralization, with results including 12 feet grading 6.2% Zn, 1.09 oz/t Ag and 0.32% Pb (ddh 83-3), 7 feet grading 5.06% Zn and 9.86 oz/t Ag (ddh 83-6), and 10 feet grading 11.58% Zn, 1.05 oz/t Ag and 0.7 % Pb (ddh 85-10).
During 2008, Killdeer Minerals Inc. completed a horizontal loop electromagnetic (HLEM) survey over the central portion of the Wildcat property. The purpose of the survey was to confirm, re-locate and better define the EM conductor at the Main Zone, as a guide to subsequent drilling, and to test for other conductors elsewhere on the property.
Seven HLEM conductors were identified by the Killdeer Minerals’ 2008 survey. Two of these anomalies are high priorities for follow-up, anomaly H-A (the Main Zone anomaly) and anomaly H-F (1 kilometer to the northwest of H-A) on the lower east flank of Little Guy Hill.
The Main Zone HLEM anomaly is a 1200 meter long, complex north-northeast trending conductor, which is coincident with Pulse EM and VLF-EM conductors identified by previous surveys and with a significant positive magnetic field response. Based on the geophysical response, two styles of mineralization are interpreted, a north-northeast trending, steeply west-dipping mineralized fault zone and, east of this, moderate east-dipping conformable sulfide mineralization, on the east flank of an anticlinal structure. The associated positive magnetic field response results from the pyrrhotite-dominant mineralization. While the fault-controlled mineralization is well tested by previous drilling, drilling has been poorly oriented to test for east-dipping mineralization east of the fault. This is a high priority for follow-up drilling. The other high-priority target for follow-up drill testing is a 200 meter long, north-northeast trending HLEM conductor, also with an associated positive magnetic response, located 1 kilometer to the northwest of the Main Zone in an area of widespread manganese gossan and elevated soil geochemistry.
One of the 2009 drill holes tested a HLEM conductor related to a distinct tectonic zone situated approximately 900 metres east from the Main Zone. At shallow depth the hole intersected a very strongly leached, stratabound zone of limonite-hematite mineralization enriched in base metals related to paleo-karst settings. The hole did not reach target depth and due to technical problems was prematurely terminated in a fault zone enriched in gold related to pyrite-chalcedony mineralization.
Additional geological mapping, soil sampling and electromagnetic surveys are required to identify other geological settings favorable for occurrence of manto-style mineralization of
better integrity prior to further drilling of the Wildcat property.