The Jeep project is located 230 km northeast of the city of Winnipeg, Manitoba. The project includes the historic Jeep Mine that was in operation between 1948 and 1950. The mine produced approximately 14,000 ounces of gold grading 0.78 ounces per ton, the highest historical grade of gold mined in Manitoba.
To date Wildcat has drilled 68 holes totaling 13,745 m, flown an airborne geophysical survey, performed an Induced Polarization (IP) survey and completed a mobile metal ion (MMI) survey. Significant drill results include 109 g/t Au over 0.78 m. In August, 2011 Wildcat signed an option agreement with San Gold Corporation (San Gold) whereby San Gold may earn an 80% interest in the Jeep, Mike Power and Poundmaker projects by spending $5.1 million on exploration, paying $1 million to Wildcat over three years and subscribing for $1 million of Wildcat shares over three years.
As of the fourth quarter of 2012, San Gold had completed twelve drill holes on the Jeep property. The most significant drill intercepts from the San Gold drilling include:
JP-12-001: 0.368 ounces Au per ton over 3.8 feet core length (10.43 g/t across 1.16 m) from 73.0 to 76.8 feet.
JP-12-002: 0.141 ounces Au per ton over 2.5 feet core length (4.0 g/t across 0.76 m).from 92.0 to 94.5 feet .
JP-12-002: 0.085 ounces Au per ton over 4.0 feet core length (2.41 g/t across 1.22 m) from 1471.0 to 1475.0 feet.
JP-12-005: 0.238 ounces Au per ton over 1.9 feet core length (6.75 g/t across 0.58 m) from 168.0 to 169.9 feet.
JP -12-007: 0.312 ounces Au per ton over 1.3 feet core length (8.85 g/t across 0.40 m)