VANCOUVER, May 7, 2012 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat" or "the Company") announces the departure of Christopher M.
Jones, President, CEO and Director, effective today. Richard W. Warke,
the Company's Executive Chairman, will assume the duties of CEO. Donald
R. Taylor, the Company's VP of Exploration will become President and
Chief Operating Officer (COO) of Wildcat and will continue as head of
"The Board would like to thank Mr. Jones for his service to Wildcat for
the past four years," said Mr. Warke. "He has stewarded the Company
since 2008 during a time of economic uncertainty and market volatility,
increasing shareholder value through the development of the Hermosa
project. We wish him the best in his future endeavours."
Wildcat is making significant progress on its metallurgical optimization
studies and intends to complete pilot plant work mid-year. Under Mr.
Warke's and Mr. Taylor's leadership, the Company will complete an
updated mineral resource and preliminary economic assessment (PEA) for
its Hermosa project in the third quarter of this year. The PEA will
include the new mineral resource as well as the updated metallurgical
Mr. Warke has more than 25 years of experience in corporate finance and
marketing in the global resource industry. His endeavours have
primarily involved mineral resource operations, but he has been
involved with oil and gas, forestry, technology and manufacturing
operations. Mr. Warke is also the founder and Chairman of Augusta
Resource Corporation, the Chairman and CEO of Riva Gold Corp and
Director of Plata Latina Minerals Corporation. In addition, he was the
founder and Chairman of Ventana Gold Corp before its acquisition by AUX
Canada Acquisitions Inc.
Mr. Taylor has more than 25 years of mineral exploration experience on
five continents in precious and base metals, taking projects from
exploration to mine development. He has worked extensively for large
and small cap companies, including BHP Minerals, Bear Creek Mining,
American Copper and Nickel, Doe Run Resources, and Westmont Mining
Company. Mr. Taylor has a Bachelor of Science degree in Geology from
Southeast Missouri State University and a Master of Science degree from
University of Missouri at Rolla. He is a Licensed Professional
Geologist in several eastern and western states and a qualified person
as defined by National Instrument 43-101.
Wildcat is a Canadian mineral exploration company focused on development
of Hermosa, its 80% owned silver project located in Santa Cruz County,