News Release: more positive results (40m of 7.95 g/t)
FOR FURTHER INFORMATION PLEASE CONTACT:
Pacific Wildcat Resources Corp.
Carla B. Furlong
(604) 688-9780
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the accuracy of this news release.
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: PACIFIC WILDCAT RESOURCES CORP.
VSE SYMBOL: PAW
SEPTEMBER 24, 1996
Pacific Wildcat - Sulut Deep Drilling Completed and Jambi
Work Program Underway
VANCOUVER, BRITISH COLUMBIA--Mr. Ross Fitzpatrick, Chairman of
Pacific Wildcat Resources Corp. ("Pacific Wildcat"), announces
that the first stage of deep drilling on the Sulut Project in
Sulawesi has been completed and as well, field work at the Jambi
Project in Sumatra has been accelerated.
SULUT - DEEP DRILLING COMPLETED
To the end of August 1996, 18 deep holes had been drilled
totalling 4,798 metres; 5 of the holes tested the Doup South
prospect and the balance, the Benteng prospect. Drill results
from the Benteng prospect continue to provide new information on
the geology and geometry of the mineralization and the core assay
grades are encouraging. A summary of the recent Benteng deep
drill results received are as follows:
/T/
Selected Drill Results - Sulut
Hole Depth Interval Grade
Number (M)(1) (M)(1) (G/T Au)(1)
BDL-117 141-143 2 3.43
219-225 6 3.86
261-281 20 4.81
BDL-118 78-134 56 1.56
(including) (118-130 12 3.35)
144-193 49 1.76
227-237 10 2.07
BDL-119 22- 28 6 8.65
70- 72 2 14.40
128-137 9 5.18
151-164 13 3.04
BDL-121 33- 45 12 3.84
63- 77 14 3.37
85- 87 2 2.29
BDL-122 229-243 14 1.26
259-303 44 1.65
325-347 22 1.26
BDL-126 151-191 40 7.95
(including) (157-159 2 46.5)
(171-173 2 75.5)
(1) Conversions: 1 gram per tonne (G/T) = 0.0282 ounces
per ton.
1 metre (M) = 3.281 feet.
/T/
The Benteng prospect is located on the contact between sediments
and an intrusive dioritic/andesitic porphyry which is interpreted
to form part of the same intrusive complex hosting the Doup
prospect mineralization. Benteng gold mineralization is composed
near surface of two or more narrow, distinct lodes which diverge
up dip and along strike to the west and coalesce and widen at
depth and along strike to the east.
In addition to the deep drill program at Doup South and Benteng,
Pacific Wildcat is continuing to test four prospects - Doup,
Benteng, Parabo and Tungau - with a shallow drill program. To the
end of August, 76 shallow holes (maximum depth 80 metres) had been
drilled for a total of 5,180 metres. The shallow drill program
has a two- fold objective: to complement data from both the deep
drill program and data from previous drilling, and to provide
initial data on new targets. Assays are pending.
Preliminary metallurgical test work of Benteng drill core
indicates variable metallurgy. As with earlier work on Doup drill
core, it appears that most of the mineralization so far delineated
is refractory in nature.
Once final deep drilling results from Benteng are received, a
compilation report summarizing and interpreting all work to date
on the Project will be prepared. The Company's Directors expect
to receive this report by late October or early November.
JAMBI - WORK PROGRAM UNDERWAY
Work at the Jambi Project in Sumatra has been accelerated by
contracting two helicopters: one to transport personnel and
supplies; the other to conduct a geophysical survey over the
steep, mountainous terrain.
The initial work program which will consist of mapping, trenching
and sampling known gold prospects is in progress and shallow
diamond drilling is scheduled to begin in three weeks. We expect
this initial work program to be completed in six months.
ON BEHALF OF THE BOARD OF DIRECTORS
Brian Flower, Treasurer and Director |
