The company will also buy gold properties in the Flin Flon — Snow Lake mining area of Manitoba.
Under the LOIs, the parties should sign definitive agreements, subject to regulatory and board approvals, by the end of this month.
Wildcat plan to buy a 100% stake in properties totaling 2,294ha in the Pikoo, SK area from Copper Reef Mining.
The company will also purchase a 85% stake in an additional Pikoo area property totaling 41,533ha, comprised of an 80% interest from Strike Diamond and a 5% interest from Kalt Industries.
A 100% stake in two Pikoo area properties, totaling 11,843ha, will be acquired from Kalt industries.
The acquisitions also include 100% stakes in five gold properties in the Flin Flon area of Manitoba, totaling 4,722 ha.
Copper Reef will sell the properties, dubbed the Alberts-Gwynn, Otter, Kiss, Burn, and Jewel Box mineral claims.
After completion of the proposed transactions, Wildcat’s working interests will range between 85% to 100% on particular diamond properties and will be 100% on the gold facilities.
