- Wildcat Resources (WC8) has identified a north-northeast-trending corridor that extends from the Red Panda prospect to the eastern side of the Wildplay JV project in WA
- Within this corridor are lithium-caesium-tantalum (LCT) pegmatites that have been confirmed through an analysis of drill results and rock chip sampling
- Wildcat plans to conduct geological mapping and sampling to follow up on these findings and will then undertake drilling at priority zones
- Company shares have been trading down 25.8 per cent to trade at 4.6 cents
Wildcat Resources (WC8) has confirmed the presence of lithium-caesium-tantalum (LCT) pegmatites at the Wildplay joint venture (JV) project in Western Australia’s Eastern Goldfields region.
The Bullabulling project (Wildplay JV) is held in a joint venture with Fairplay Gold which gives Wildcat the option to earn up to 75 per cent in the non-gold rights of the project.
The company received results from reverse circulation (RC) drill holes and rock chip sampling at the Red Panda prospect which were reviewed by a consulting geochemist.
According to the geochemical data, the first phase of drilling intercepted enriched LCT pegmatites that may be associated with mineralised LCT pegmatites nearby.
The LCT pegmatites reportedly indicate a prospective north-northeast-trending corridor that extends from Red Panda to the eastern side of the Wildplay JV tenements.
Wildcat CEO Samuel Ekins commented on the results.
“Analysis of exploration results by the exploration team has confirmed that Red Panda and other pegmatite occurrences within the Wildplay JV straddle the ‘Goldilocks Zone’ for mineralised LCT pegmatites,” he said.
“The new target area will be effectively and rapidly assessed by mapping and geochemical sampling utilising a portable XRF to confirm targets for follow up drilling.”
Wildcat Resources will conduct geological mapping and soil sampling in the target area and will then drill test priority zones of the LCT corridor.
Company shares were down 25.8 per cent to trade at 4.6 cents at 12:02 pm AEDT.