Wildcat Exploration Ltd

Drilling on the Jeep Project in the Rice Lake gold camp began on November 26th, 2010. Three holes totaling 500 metres were planned to test northeasterly-trending structures which are projected to intersect the regional west northwest-trending gold-bearing structures. Wildcat geologists believe that the intersections of these two structural trends are significant in the concentration of gold on the property. An additional hole, added to verify the continuity of mineralized quartz veins and sulphide mineralization observed in the initial drill holes, brought this phase to a total of 642.5 metres in four holes. Assay results are pending.

(Why would they bother to drill another hole if they did not find something. Could this mean they did find something of value and drilled the extra hole to say look we are on to something.)