CCD Cascadero Copper Corporation

Cascadero Copper Corporation (TSX VENTURE:CCD) -

The Company has entered into an Option Agreement that enables it to earn a 100%
interest in the Powerline gold prospect (the "Property") in Street and Scadding
Townships in the Sudbury Mining District, Ontario. The Property consists of 31
contiguous units in four claims blocks. The agreement provides for cash, shares
and an exploration commitment over a four-year term. The Property is subject to
a 3% net smelter return royalty (the "NSR"), 50% of which can be purchased for
cash. The Agreement also contains an advanced royalty clause, which is payable
yearly if Cascadero exercises its right to acquire a 100% interest in the
Property.


The Property adjoins the Scadding Mine property to its south. Both properties
occur in a belt of past gold producers that extends from north east of the
Sudbury basin to south of Espanola, a distance of about 120 kms. Recent work by
the Ontario Geological Survey established a common alteration signature and
style of mineralization for these deposits. The first phase of hydrothermal
alteration was albitization of the host sediments. Albititized zones several
hundred metres long were subject to silica flooding and carbonate veins,
stockwork and breccia. These were followed by a gold rich episode that filled
the fissures with chlorite, carbonate, pyrite, arsenopyrite and gold. In
addition, some veins occur with chalcopyrite, pyrite and cobalt sulfo-salts and
high-grades are present in narrow veins.


This alteration assemblage and style on mineralization are present in outcrop on
the Powerline gold prospect. Five historic samples from the property have
pyrite, quartz, albite, carbonate, jarosite, chlorite and gold values. Samples
with more intense chlorite alteration have higher gold values.


The Company is planning a property-scale soil geochemical survey, an IP/Res/Mag
ground based geophysical survey and, if warranted, followed by core drilling.
The exploration focus will be on the sulphide-chlorite episode.


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 in these three areas. The Company has several
copper-gold porphyry prospects in the Toodoggone region of British Columbia,
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 and
exploration has recently commenced in British Columbia.


Cascadero's commodity focus is gold, silver and copper hosted in large-scale
mineral systems. In 2011 and 2012, Cascadero plans to drill test a total of four
copper-gold porphyry systems. In addition, Salta intends to drill four
large-scale sediment hosted gold and silver-rich polymetalic systems and two
sediment hosted gold-silver showings.

Cascadero Copper (TSXV:CCD)
Historical Stock Chart
From Dec 2024 to Jan 2025

Cascadero Copper (TSXV:CCD)
Historical Stock Chart
From Jan 2024 to Jan 2025