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Wild Acre Metals awarded $78,000 for drilling Quinns Gold and Nickel Project

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Wild Acre Metals (ASX: WAC) has been granted $78,000 toward the direct costs of the planned reverse circulation drilling at its Quinns Gold and Nickel Project located in the Mt Ida District of Western Australia.

The company was successful in its application for co‐funding drilling assistance under the Western Australian Government Exploration Incentive Scheme (EIS) and the program is planned to commence within the March quarter 2012.

The EIS funding recognises the prospectivity and potential of the Quinns Project. The program is designed to test for gold mineralisation in the corridor between the Boudie Rat and Forrest Belle open pits.

Sampling of historical drilling has outlined the continuation of the shear zones between the Forrest Belle and Boudie Rat open pits covering about 500 metres.

The +9 parts per billion (ppb) gold and the +20 ppb gold contours demonstrate the trend of gold anomalism in this area to a maximum of 89.9 ppb gold. This sampling has enabled more accurate targeting of future reverse circualtion drilling between the pits.

Mt Ida South is located in the North Eastern Goldfields region, 200 kilometres north-northwest of Kalgoorlie.

Wild Acre Metals had A$804,000 cash at the end of the September quarter.

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