Vancouver, BC, Canada, September 28, 2020 – CASCADERO COPPER CORPORATION (the "Company"), announces that the US Patent for Recovery of Cesium from Epithermal Mineral Deposits has been granted. The United States Patent Office has published US Patent 10,738,370 (issue date August 11, 2020) entitled "Recovery of Cesium from Epithermal Mineral Deposits" with the Company as assignee.
This patent protects the process developed by the joint team of inventors working on the metallurgical development of the Taron cesium project. The patent describes an acid leaching technology followed by cesium recovery as an alum (cesium, aluminum sulfate precipitate) and refining of the alum to produce cesium hydroxide. The cesium hydroxide product can then be converted to cesium salts such as cesium formate by reaction with formic acid. Cesium formate is used as a key component of high density brines used to safely control the extreme pressures encountered in oil and gas drilling.
Cascadero Copper acknowledges and thanks the inventors of the process: Dr. Mohammad Mokmeli and Dr. David Dreisinger of the University of British Columbia and advisors to Cascadero and Dr. David Trueman and Dr. Bruce Downing, world authorities on cesium geology and exploration and the late Mr. Bill McWilliam, formerly the CEO of Company.
The now patented cesium recovery process is expected to form the basis for processing of the Taron deposit, subject to further development, engineering and cost studies.
The Taron cesium project is in north-western Argentina, in the southern part of the Ocahaqui Basin, approximately 160KM northwest of the city of Salta.
For more information, contact:
Dr. George Gale
Interim CEO
Phone: (604) 985-3327
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.
Qualified Person:
Dr. David Dreisinger, Ph.D, P.Eng., is the Qualified Person for the purposes of NI 43-101. Dr. Dreisinger has reviewed and approved the technical disclosure contained in this news release.
Forward-Looking Statements
This news release contains forward-looking statements and information that are based on the beliefs of management and reflect Cascadero's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this news release includes information relating to the use of the patented cesium recovery process for processing of the Taron deposit and to further development, engineering and cost studies related thereto. The forward-looking information is based on certain assumptions, which could change materially in the future. Such statements and information reflect the current view of Cascadero with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Cascadero's actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risk that the Taron deposit will not be developed for processing and may never be and that there may not be further development, engineering or cost studies. When relying on Cascadero's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Cascadero has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF CASCADERO AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE CASCADERO MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
