The Sarita Este zone is part of Cascadero’s La Sarita Project in the Sierra de Taca Taca mountain range in north-western Argentina. The zone is an untested gold bearing system that is believed to represent a high-sulphidation epithermal system peripheral to First Quantum’s Taca Taca porphyry copper-molybdenum-gold deposit located approximately six kilometres to the northeast. The Taca Taca property has an NI 43-101 reported indicated resource of 2.165 billion tonnes of ore grading 0.44% copper, 0.013% molybdenum, and 0.08 grams per tonne gold (Sim, 2013). Cascadero Corporation’s Sarita Este concession is 830-hectares in size and shares a common boundary with the Taca Taca property.
In the fall of 2017, the company collected 646 sieved 2 kilogram “C” horizon soil samples. Most of the samples were near bedrock. Samples were collected at a 25 metre sampling interval along grid lines located 100 metres apart. The grid was 900 by 1700 metres in size. Grid stations located in the pediment were not sampled.
Results have outlined a main soil anomaly that measures 850 metres by 1050 metres. Throughout the grid, values range from <2 ppb to 804 ppb gold. The median value is 35.5 ppb gold and the mean value is 25.5 ppb gold. The gold in soil anomaly is open to the northwest and coincides with recessive sericite – clay – limonite alteration of volcanic crystal tuff mapped on surface and gold bearing rock samples collected on surface.
Bill McWilliam, chairman of Cascadero Corporation, states that he is very excited about the results of the program. The region contains many world class deposits and the potential for discovery is high.
The Company has outlined a 2,000-metre trenching program that will be followed by 2,000 metres of NQTW diamond core drilling. The program is expected to get underway in late March.
The property is owned by Cascadero Minerals Corporation. Seventy percent of Cascadero Minerals Corporation is owned by Cascadero Corporation and the remaining 30% is owned by Regberg Ltd. a private Singapore based company.
Andrew Wilkins, PGeo, approved the technical content of this news release and is the manager of the program and the Qualified Person as defined under NI 43-101.
Bill McWilliam, Chairman
Cascadero Copper Corporation
554 Kings Road East
North Vancouver B.C.
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