VANCOUVER, May 27, 2015 /PRNewswire/ - Wildcat Silver
Corporation (TSX: WS) ("Wildcat" or the "Company") announces
the appointment of Professor Poonam
Puri to its Board of Directors.
Poonam Puri, Professor of Law at
Osgoode Hall Law School and affiliated scholar to Davies Ward
Phillips & Vineberg LLP, is one of Canada's most respected scholars and
commentators on issues of corporate governance, corporate law,
securities law and financial regulation. She was Associate Dean,
Research, Graduate Studies and Institutional Relations at Osgoode
Hall Law School from July 2011 to
September 2013 before taking on the
role of Associate Dean until July
2014. She was also Co-Director of the Hennick Centre for
Business and Law, a joint initiative of Osgoode Hall Law School and
the Schulich School of Business at York
University, from July 2008 to
June 2013. In 2008, Professor Puri was appointed as one of
two research directors of the Canadian Ministry of Finance's Expert
Panel on Securities Regulation, which led to the proposed common
securities regulator. In 2005, she was co-research director of the
Task Force to Modernize Securities Legislation and also served as a
member of the Ontario Securities Commission's Investor Advisory
Committee from 2005 to 2007. In 2011, Professor Puri was named one
of the 100 Most Powerful Women in Canada by the Women's Executive Network.
Professor Puri is a member of the Board of Directors of the
Greater Toronto Airports Authority and chaired its Corporate
Governance and Nominating Committee for four years. She also sits
on the Board of Directors of Toronto's Women's College Hospital and is
currently chair of its Nominating and Corporate Governance
Committee. Professor Puri has a Bachelor of Laws
(LLB) degree from the University of
Toronto and a Master of Laws (LLM) degree from Harvard Law School.
Richard Warke, Wildcat's
Chairman and CEO commented, "We are very pleased to have Ms. Puri
join our Board as an independent director at this exciting time in
the Company's development. We look forward to her corporate
governance expertise and business insight as we build on the recent
exploration success at our Hermosa North
West project."
About Wildcat
Wildcat is a Canadian mineral
exploration company focused on the development of its 80% owned
Hermosa property located in Santa Cruz
County, Arizona. The Hermosa property currently has two
distinct projects: Hermosa NW, a zinc-lead-silver carbonate
replacement zone sulfide mineral exploration project; and Hermosa
Central, a silver-manganese manto oxide development project.
Hermosa NW has a resource calculated in accordance with NI 43-101
and is currently being drilled to test the limits of that resource.
The Company released the results of the first five holes of the
current drill program on Hermosa NW in May, 2015 that showed high
grade zinc, lead and silver intercepts over significant
thicknesses. Hermosa Central's December
2013 prefeasibility study indicates it is expected to be one
of the largest primary silver producers as well as the only
electrolytic manganese metal producer in the USA at industry low cash costs. The
pre-feasibility study estimates annual production of 5.7 million
ounces of silver and 110 million pounds of electrolytic manganese
metal (EMM) at average cash costs of $4.41 per silver ounce and $0.74 per EMM pound over an 18 year mine
life.
Cautionary Note Regarding Forward-Looking Information
Certain information contained in this press release constitutes
forward-looking statements. All statements, other than
statements of historical facts, are forward looking statements
including statements with respect to the Company's intentions for
its Hermosa property in Arizona,
USA including, without limitation, drilling, updating the
resource and metallurgical testing on Hermosa NW and expected
future mineral production and operating costs on Hermosa
Central. Forward-looking statements are often, but not
always, identified by the use of words such as may, will, seek,
anticipate, believe, plan, estimate, budget, schedule, forecast,
project, expect, intend, or similar expressions.
The forward-looking statements are based on a number of
assumptions which, while considered reasonable by Wildcat, are
subject to risks and uncertainties. In addition to the
assumptions herein, these assumptions include the assumptions
described in Wildcat's management's discussion and analysis for the
year ended December 31, 2014
("MD&A"). Wildcat cautions readers that forward-looking
statements involve and are subject to known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements to differ materially from those
expressed in or implied by such forward-looking statements and
forward-looking statements are not guarantees of future results,
performance or achievement. These risks, uncertainties and factors
include general business, economic, competitive, political,
regulatory and social uncertainties; actual results of exploration
activities and economic evaluations; fluctuations in currency
exchange rates; changes in project parameters; changes in costs,
including labour, infrastructure, operating and production costs;
future prices of zinc, lead, silver and other minerals; variations
of mineral grade or recovery rates; operating or technical
difficulties in connection with exploration, development or mining
activities, including the failure of plant, equipment or processes
to operate as anticipated; delays in completion of exploration,
development or construction activities; changes in government
legislation and regulation; the ability to maintain and renew
existing licenses and permits or obtain required licenses and
permits in a timely manner; the ability to obtain financing on
acceptable terms in a timely manner; contests over title to
properties; employee relations and shortages of skilled personnel
and contractors; the speculative nature of, and the risks involved
in, the exploration, development and mining business; and the
factors discussed in the section entitled "Risks and Uncertainties"
in the MD&A.
Although Wildcat has attempted to identify important risks,
uncertainties and other factors that could cause actual
performance, achievements, actions, events, results or conditions
to differ materially from those expressed in or implied by the
forward-looking information, there may be other risks,
uncertainties and other factors that cause performance,
achievements, actions, events, results or conditions to differ from
those anticipated, estimated or intended. Unless otherwise
indicated, forward-looking statements contained herein are as of
the date hereof and Wildcat disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable law.
SOURCE Wildcat Silver Corporation