The Francisco II prospect is located in the southern portion of Siera de Taca Taca, a mountain range in Salta province, Argentina. The granite of the Sierra de Taca Taca range hosts IOCG deposits and the nearby Taca Taca 3.1 billion tonne Cu-Mo-Au porphyry deposit owned by First Quantum. Francisco I and II adjoin this property, and host gold- and silver-bearing quartz veins, as well as a porphyry deposit of gold, silver, copper and molybdenum. Select drill holes from a 2012 Francisco I and II drilling program show values of up to 0.35% Cu, 0.013% Mo and 0.05 g/t Au (0.46% CuEq) at 146 metres. The higher gold content of this drill hole may indicate a different style of mineralization, possibly part of the Taca Taca IOCG system, that could extend onto Cascadero’s 100% owned La Sarita I and II properties to the west. Cascadero believes a follow up exploration program in these areas is warranted. Francisco I and II are jointly owned with partners First Quantum and Regberg.
2013 News Release: Francisco I and Francisco II Taca Taca drill results, north western Argentina