Vancouver, B.C., July 23, 2009 - Wildcat Silver Corporation (TSX-V: WS) (“Wildcat” or “the Company”) has
begun drilling with two rigs on its 80%-owned Hardshell property in southern Arizona. The Company expects to
complete up to 5,000 metres of drilling over the next four to five months with an initial planned budget of US$1
Hardshell is a polymetallic mineral property acquired by Wildcat in 2006. Historic drill samples were re-assayed
by Wildcat in 2006 and formed the basis for a 2007 study by Pincock, Allen & Holt that outlined an inferred
resource of 53.5 million ounces of silver and nearly 1.2 billion pounds of manganese. The deposit also contains
significant amounts of zinc, copper, lead, and gold.
During 2007 and 2008 Wildcat completed a first phase drill program at Hardshell which confirmed historic drill
results and discovered new mineralization at depth. In particular, drilling by Wildcat demonstrated the exploration
potential for intercepting deeper mineralized zones below the main manto that are related to deeper, high-angle
structures that project to historical mines and known deposits in the surrounding district. Historic drilling on the
property did not completely test these structures.
With this second phase of drilling, Wildcat has identified a number of such targets below the main manto zone
that present excellent exploration upside for relatively high-grade chimneys, veins and additional manto zones.
Wildcat President and CEO Chris Jones said: “This drill program will provide us with a better understanding of
the margins of the deposit, with a particular emphasis on exploring the deeper sulphide zones that lie beneath
the near-surface oxide ore. At the same time, we will be conducting geological work to examine the potential for
upgrading the resource estimate to measured and indicated.”
The Hardshell property is located 100 kilometres southeast of Tucson, Arizona, approximately 15 kilometres
north of the Mexico border. A February 2007 preliminary assessment by Pincock, Allen & Holt cited an inferred
resource of 53.5 million ounces of silver along with nearly 1.2 billion pounds of manganese (based on 6.7 million
tonnes grading 9% manganese and 6.7 ounces per tonne silver. Details available in the Company’s news
release dated February 13, 2007, available on www.wildcatsilver.com). Wildcat recently raised $3 million in a
private placement and is actively drilling with two rigs on site to advance the property toward feasibility.
Wildcat is a Canadian mineral exploration company focused on development of the Hardshell project in Santa
Cruz County, Arizona. The Hardshell property is held by Arizona Minerals Inc., of which Wildcat is an 80%
owner. Wildcat trades on the TSX Venture Exchange under the symbol WS.
For additional information please visit www.wildcatsilver.com or contact:
Meghan Brown, Investor Relations Manager
tel 604 638 2002
On behalf of the Board of Directors,
President and Chief Executive Officer
FORWARD LOOKING STATEMENTS
The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Wildcat’s latest annual report and management discussion and analysis. Wildcat assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.