VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/26/13 -- Pacific Wildcat Resources Corp. (TSX VENTURE: PAW) ("PAW" or the "Company") is pleased to report further to its News Release 2013-13 dated 21st May 2013 and titled "Assay work commences on 3,482 metres of drilling at Mrima Hill") initial assay results from the first 321 meters (3 holes) of Reverse Circulation ("RC") drilling at the Mrima Hill Niobium and Rare Earth Project in Kenya (PAW indirect 70% ownership).
These assay results are from holes drilled at the south eastern margin of what has historically understood to be the main area of Rare Earth mineralisation at Mrima Hill. Wide and High Grade zones of mineralisation have been intersected and the mineralisation is open to the South and at depth.
-- Wide zones of Total Rare Earth Oxide including Yttrium ("TREO") intercepts from surface including 108m at 6.73% TREO which is mineralised to end of hole;-- 78m at 5.22% TREO from surface; and-- 31m at 5.01% TREO from surface.
PAW's President and CEO Mr. Darren Townsend commented "These high grade and wide Rare Earth results are very exciting given the deposit is still open to the South. We look forward to receiving the assay results from the next 7 holes of the 2012 drill program which are currently at the assay laboratory. Once these results are received work will commence on updating the initial Niobium Resource Estimate and completing an inaugural Rare Earth Resource for Mrima Hill. We are very happy with the high grade nature of Rare Earths in the deposit".
Background to Drill Program and Results
During 2012 a total of 51 RC holes for 4,941m were drilled at Mrima Hill. Of this 37 holes for 3,482 metres had not been sent for analysis. The first 3 RC holes analyzed this year are situated at the southern margin of the high grade TREO area identified by the Kenyan Mines Department in the 1950's (refer to contours on Figure 1).
This initial set of assay results are from holes angled at 60 degrees and drilled between 93-120m depth. Holes PAWRC050 and PAWRC052 both end in mineralisation, remaining open at depth in highly prospective clays. The objective of these holes is to provide additional data towards a maiden TREO Resource Estimate expected in the third quarter of 2013.
Figure 1 shows a plan location of the RC drill holes as drilled
Figure 2 depicts a plan view of significant results for TREO mineralization
Figures 3 and 4 show cross sections through the TREO mineralization
To view Figures 1 through 4, please click the following link: http://media3.marketwire.com/docs/paw0626a.pdf.
Significant Rare Earth Results
DRILL HOLE INTERSECTIONPAWRC050: 108m at 6.73% TREO from surface to end of hole including 23m at 8.73% TREO from 19m and 15m at 8.86% TREO from 90m.PAWRC052: 78m at 5.22% TREO from surface and; 25m at 5.62% TREO from 95m to end of hole including 5m at 8.99% TREO from 115m to end of holePAWRC053: 31m at 5.01% TREO from surface and; 2m at 2.53% TREO from 50m and; 13m at 1.55% TREO from 65m and; 12m at 1.67% TREO from 81m to end of hole