Cascadero Copper (TSX VENTURE:CCD) (the "Company") announces a non-brokered
Private Placement of 6,000,000 Units at $0.18 per Unit. One Unit consists of one
Cascadero Copper common share and one share purchase warrant. One warrant plus
$0.25 cents enables the bearer to purchase one common share of the Company for a
period of up to 36-months. The warrant is transferrable and is subject to an
Accelerated Exercise Clause. It is expected that Cascadero insiders will
subscribe for up to 25% of the offering, which is the insiders approximate
equity ownership of the Company. The Company will apply for a Supplemental
Listing and, subject to TSX.V approval the warrants will be listed for trading
on the TSX Venture exchange. Finder fees are payable. 


Use of Proceeds is to continue the exploration of the 50% owned Pancho Arias
Mineral District in north western Argentina. The funds will be used to drill
test two outstanding Cu-Au-Mo porphyries and one high-grade gold system. 




--  Pancho Arias (2,800m) is a porphyry prospect with historic drill holes
    that have Cu-Mo values from surface to end of hole. Seven of the ten
    1973-4 drill holes outlined a Cu-Mo mineralized corridor that is
    approximately 900 metres wide and 1,300 metres along strike and is open.
    The core was not assayed for gold or silver. Pancho Arias outcrops over
    a large area. Recent geophysics identified a significant chargeability
    anomaly that is 3,000 metres in diameter at 300 metres below the surface
    profile of the outcrops.

--  Incahuasi (2,000m) is another large-scale porphyry system. A recent
    geophysical survey identified a near surface chargeability anomaly that
    is 4,400 metres east west by 1,500 metres north south. The property has
    no history of drilling. Incahuasi is believed to be an apophysis of the
    same Miocene magmatic chamber, which is common to Pancho Arias and Las
    Burras. Las Burras is new Cu-Mo-Au porphyry discovered by Cascadero in
    June 2011. 

--  Santa Rosa (1,200m) a high-sulphidation high-grade gold bearing zone
    with an array of veins over a 2,000 metre by 2,000 metre area. The
    property adjoins Pancho Arias to the south, west and north. It is
    believed the source of the gold mineralization is the Pancho Arias
    porphyry. 



The Pancho Arias District has potential to host large tonnage of Cu-Mo-Au
mineralization. Three drill rigs are planned as the Company intends to complete
the 6,000 metre program by Dec 31-11.


ABOUT CASCADERO COPPER

Cascadero Copper is an integrated prospecting and mineral exploration business.
The Company has offices in North Vancouver, BC, Sudbury, Ontario and Salta City
in the province of Salta, Argentina. The Company generates, acquires and
explores mineral properties. The Company has several copper-gold porphyry
prospects in the Toodoggone region of British Columbia, a 100% interest in 22
volcanic and intrusive hosted gold properties in the Sudbury, Swayze and Timmins
camps of Ontario and holds a 50% interest in a 46-property portfolio in north
western Argentina. Exploration is currently active in Ontario and Argentina. 


In July 2011, Gold Fields Ltd completed a 7-core hole program totaling
2,448-metres on Cascadero's 100% owned MEX copper-gold porphyry in British
Columbia. Assays are pending. 


Cascadero's commodity focus is gold, silver and base metals, which are hosted in
large-scale mineral systems. 


In 2011 and 2012, Cascadero and Salta plan to drill test three copper-gold
porphyry systems, four sediment hosted gold and silver-rich polymetallic systems
and two sediment hosted gold-silver showings.
Cascadero Copper (TSXV:CCD)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Cascadero Copper Charts.
Cascadero Copper (TSXV:CCD)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Cascadero Copper Charts.