The Company is pleased to announce the results of Phase One of its Sarita Este program in the Puna region of Salta Province, Argentina.
The Sarita Este prospect is an untested gold bearing system that is believed to represent a high-sulphidation epithermal system peripheral to First Quantum’s Taca Taca copper-molybdenum-gold porphyry deposit located approximately six kilometres to the northeast. Of the 128 prospecting rock samples collected in the area since 2004, 87 (68%) are greater than 1 ppm gold and 36 (28%) are greater than 10 ppm gold. The gold bearing samples are from sheeted quartz veins within a broad area of recessively weathered limonitic, sericitic and clay altered volcaniclastics. The alteration system appears to be structurally controlled exhibiting a strike length of 1,200 metres in a NNW trending direction and 400 metres wide. Outcrop is limited by the recessive weathering and the prospect is open in all directions. The samples are selective grab samples, and the geochemical results are not necessarily representative of the mineralization hosted on the property.
The October 2017 program consisted of grid soil sampling, rock sampling detailed structural and geological mapping. A total of 646 soil samples were collected from the “C” horizon, and a total of 218 rocks samples were collected, including 46 one-metre channel samples from three (3) historic 2012 Cascadero trenches.
All samples were shipped to the Alex Stewart Argentina SA Lab in Mendoza for preparation and analysis of 42 elements by 4 acid digest and Ultratrace ICP-MS, and gold by fire assay AA. Currently, the QA/QC program consists of the insertion of duplicates and standards at the lab. A more rigorous QA/QC program of field blanks and standards will be implemented once drilling and trenching begins.
Alex Stewart Argentina SA is an ISO 9001 and ISO 14001 accredited analytical lab and is not a related party to Cascadero Copper Corp.
Phase Two trenching and systematic sampling of the Sarita Este zone will begin once results have been received and permitting is in place.
The Sarita Este property is an early stage exploration project on which no mineral resource has been identified nor has the economic viability or technical feasibility been established. The property has never been subject to a drill program.
Andrew Wilkins, PGeo, approved the technical content of this news release and is a Qualified Person under NI 43-101.
About the Company:
Cascadero Copper is an integrated mineral exploration and development business, which through its 70% owned subsidiary, Cascadero Minerals Corp Canada (CMC) and its partner Regberg Ltd. (Singapore) manage and finance CMC as a 70/30 Joint Venture. The Company holds exploration rights to 27 tenements in north western Argentina. Twenty-two (22) of the tenements are organized into four (4) core areas: Taron; Taca Taca; Santa Rosa; El Oculto and five (5) of the tenements are stand-alone-exploration opportunities. In 2014, the Company changed its business model from ‘prospect generator’ to a property ‘developer’ model.
The Company’s commodity focus includes: the alkaline metals Cesium and Rubidium, and the rare metal Thallium. Gold, Silver, Lead, Copper, Zinc, are present in most of the tenements, while Tellurium and Tin are present in historic drill holes in the Incamayo high-sulphidation showing in addition to the presence of Copper, Gold and Silver values. The current portfolio consists of a variety of geological settings, alteration assemblages and deposit types, of which most contain precious metals. The tenements are mainly 100% owned by CMC and were generated from grass roots prospecting from 2004 to 2014. In 2006, the Company had seventy-five tenements covering 203,000 hectares. The current portfolio is a rendering of those tenements. There are no underlying agreements on any of the tenements but twenty (20) including Taron, are subject to a 1% NSR and none is subject to Joint Venture or Buy―Sell agreements. Three of the properties are subject to Confidentiality Agreements. The Company has offices in North Vancouver, BC and Salta City in the province of Salta, Republic of Argentina.
Bill McWilliam
Chairman
Office = 604.924.5504
Cell = 604-999-0391
Bill@Cascadero.com
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