To date, 23 holes have been drilled for a total of 6,250 metres, and at this time, three holes with full assays are available to be reported, of which two holes (Hole HDS-111B and HDS-119) are step-out holes.

Step-out hole HDS-111B is located on the western edge of the current resource and was successful in extending the known mineralization to the west.

Hole HDS-111B intersected 19.8 metres of 282.8 g/t silver, 7.99% manganese, 1.64% zinc, 2.37% lead, and 0.17% copper within an interval of 32 metres averaging 186.2 g/t silver, 6.29% manganese, 1.29% zinc, 1.5% lead and 0.11% copper.

Of particular note, step-out hole HDS-119 was drilled to the northeast of the current Hermosa deposit suggesting that silver mineralization continues across the northwest-southeast American Fault.

An upper zone encountered 6.1 metres averaging 377.2 g/t silver, 0.02% manganese, 0.02% zinc, 0.64% lead and 0.03% copper within an interval of 12.2 metres of 220.5 g/t silver, 0.10% manganese, 0.01% zinc, 0.61% lead, and 0.03% copper.

In the lower mineral horizon, this hole encountered 9.1 metres of 305.5 g/t silver in addition to 21.12% manganese, 1.28% zinc, 2.39% lead, and 0.36% copper.

This intersection was within a broader interval of 24.3 metres which averaged 139.9 g/t silver, 15.30% manganese, 5.75% zinc, 1.43% lead and 0.19% copper.

Hole HDS-122 is located in the southern extent of the current resource and confirms continuity between widely spaced holes in the southern portion of the deposit.

The hole encountered 18.4 metres of 218.4 g/t silver, 8.64% manganese, 1.21% zinc, 0.70% lead and 0.05% copper.

The company said it intends to continue to aggressively drill to the end of the year as mineralization remains open in all directions.

Exploration efforts will primarily focus on step-out drilling with the objective of significantly expanding the current resource.

Wildcat now has four drills operating on the property (two core and two reverse circulation).