North Vancouver, BC, May 24, 2019 - Cascadero Copper Corporation (TSXV: CCD; the "Company") announces the termination of the renegotiated term sheet with InCoR Holdings Limited that was previously announced on April 5, 2019. The term sheet was terminated due to certain issues that could not be resolved between the parties.
Brian Causey, the Company's Chairman, stated, "The Company is disappointed that the transaction with InCoR did not proceed. The Company will continue to seek alternate sources of funding to explore and manage the geological potential of the Company's property portfolio in northwestern Argentina that has required 10 years to assemble. The portfolio is precious metals focused, and consists of 32 mineral tenements covering 61,413 gross hectares and 57,256 net hectares. The Company believes that the properties are potentially prospective for copper, lead, zinc, gold and silver, and, at Taron, cesium. The properties are mainly in Salta Province, which is a drastically under-explored area in Argentina."
Brian Causey
Chairman
For further information, please contact Bill McWilliam
Office Phone = 604.924.5504
Cell Phone = 778.999.3273
Email = Billmcbill10@gmail.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release).
Bill McWilliam
V.P. Exploration
