Cascadero Copper Corporation: Las Cuevas Drill Program Completed
September 28 2011 - 9:30AM
Marketwired
Cascadero Copper's (TSX VENTURE: CCD) 50% owned subsidiary Salta
Exploraciones SA (Salta), completed a five core hole program
totaling 785.4 metres of a planned seven core hole 1,000 metre
program on the Discovery Zone at Las Cuevas. The program was
shortened due to ground conditions. Management believes that five
completed holes are a representative sample of the Discovery Zone.
The five drill core intervals are directly below surface trenches,
up to 100 metres in width, that have variable grades of gold and
silver. The distance between the furthest south core hole to the
furthest north core hole is about 250 metres. Alteration includes
limonite, sericite, silica, pyrite and quartz in stock work and
veinlets. The style of mineralization is principally mesothermal
with minor epithermal textures. The oxidized material in drill core
consists of sandstone, siltstone and interbedded shale.
TABLE ONE LAS CUEVAS DISCOVERY ZONE DRILL PROGRAM COMPLETED
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Mineral-
ized End of
From To Interval Hole Las Cuevas
HOLE ID (m) (m) (m) (m) Discovery Zone Core Description
----------------------------------------------------------------------------
LC11-01 0 91.0 91.0 94.6 Hole was lost in fault @ 94.6 metres
oxidation/alteration over 91.0 metres
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LC11-02 0 90.6 90.6 90.6 Hole was lost in fault @ 90.6 metres
oxidation/alteration over 90.6 metres
----------------------------------------------------------------------------
LC11-03 0 140.0 140.0 230.6 Good - oxidation/alteration over
140.0 metres
----------------------------------------------------------------------------
LC11-04 0 110.0 110.0 180.0 From 60 to 110 metres - core has a
strong alteration interval with
quartz veins-sericite-pyrite
----------------------------------------------------------------------------
LC11-05 0 140.0 140.0 189.3 good oxidation/alteration over 140.0
metres
----------------------------------------------------------------------------
Totals 571.60 785.4
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The Las Cuevas Discovery Zone is the northern most of two gold
bearing outcrops controlled by a regional fault system. A second
gold bearing outcrop, the Hilda Zone, is 1,200 metres to the south.
Several gold bearing outcropping veins and mineralized zones occur
between Discovery and Hilda, along the ridge that outlines the
fault. This suggests that Las Cuevas may host a larger gold bearing
system that may be contiguous between the Discovery and Hilda
zones.
Infrastructure at Las Cuevas is excellent as the property is
road accessible; a high-voltage power line to Chile passes through
the property's southern extreme; the natural gas line to Pocitos is
within 6kms; and, the railway to Antofagasta, Chile is
approximately 8 kms to the north. There is a small mining
supportive indigenous community close by with qualified local field
support personnel. The property is between 3,000 to 3,600 metres
elevation and can be worked year round.
The area is part of the south eastern extension of the
Colama-Olacapato-El Toro (COT) mega transverse structure, which
generates structural compression and dilation zones, called
pull-apart basins, that provide the faults and fractures that
permit deposition of precious and base metal hydrothermal fluids in
surrounding host rocks. The COT lineament has generated great
mineralized areas such as Chuquicamata and El Laco in Chile, Taca
Taca, El Oculto, El Quevar, Concordia, Pancho Arias, Las Burras,
Incahuasi Las Cuevas and several other mineral deposits and
showings in north western Argentina.
The Company is assaying the entire one-half of each drill hole
in one-metre intervals where possible due to extensive fracturing
and broken rock. The meta-sediment encountered at the end of
LC11-03, -04 and -05 provided the best core recovery. The
meta-sediment has quartz in veins and veinlets as principal
alteration. These intervals are in for assay. The Company intends
to release assays after all results are received, compiled and
interpreted. The samples are shipped to ACME Labs Mendoza,
Argentina for preparation and fire assaying for gold and
silver.
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. A
2,448 metre core drilling program was completed July 2001 on the
MEX copper-gold porphyry in British Columbia.
Cascadero's commodity focus is gold, silver and base metals
hosted in large-scale mineral systems. In 2011 and 2012, Cascadero
and Salta plan to drill test a total of four copper-gold porphyry
systems and four large-scale sediment hosted gold and silver-rich
polymetalic systems and two sediment hosted gold-silver
showings.
Neither the TSX Venture Exchange nor its Regulation Service
Provider accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Cascadero Copper Corporation Bill McWilliam Chief
Executive Officer 604-999-0391 Bill@Cascadero.com www.cascadero.com
AJF Consultants Allan or Janice Feldman BC Office = 604-948-9663 or
Cell = 604-377-2942
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