Poundmaker Property
Property Description
The Poundmaker property comprises 72 contiguous claims covering 12,176 hectares in the Saxton Lake area of the Rice Lake greenstone belt, west of Bissett, Manitoba in which Wildcat holds a 100% interest.
Activities in 2009In February 2008 the Company granted an option, amended in February, 2009 and further amended in February, 2010, to StrikePoint Gold Inc. (StrikePoint) to acquire a portion of the claims that comprised the Poundmaker property. The optioned property consisted of 72 claims covering 12,176 hectares, approximately 10 km northwest of the San Gold’s Rice Lake Gold Mine. Wildcat retained the remaining 26 claims located in the southeast quadrant, now known as the Mike Power Project area. Further details of the
option agreement are set out in the “Corporate Activities” section of this MD&A.
Activities Contemplated for 2010
Exploration work pursuant to the optionee’s work obligation under the Poundmaker option agreement is under the direction of the optionee, StrikePoint contracted Apex Geoscience Ltd. in 2009 to execute their mineral exploration programs. Among the agreed terms, on or before April 30, 2010 StrikePoint is required to conduct $500,000 of exploration work on the optioned property, and on or before March 1, 2011 StrikePoint is required to conduct a further $1.5 million of exploration work on the optioned property.
