Cascade Announces Diamond Drilling Underway
2003年11月14日 - 9:30PM
PRニュース・ワイアー (英語)
Cascade Announces Diamond Drilling Underway SEATTLE, Nov. 14
/PRNewswire-FirstCall/ -- Cascade Mountain Mining Company, Inc.
(BULLETIN BOARD: CSCA) a Nevada mining and exploration corporation,
announces today that diamond drilling has commenced at Cascade's
Mazama Project located in northwest Washington State. Results from
early samplings at Diamond Drill Hole #1 have intersected sulfide
mineralization from two through 72 feet. This hole is being drilled
to test and confirm previous copper values and possibly additional
values in molybdenum gold and silver from samplings previously
taken from three Mazama Project drill sites. These three sites have
been selected based on historical data. These sample analysis and
results were certified by ALS Chemex of Vancouver, British
Columbia. The host rock at Diamond Drill Hole #1 appears to be an
altered quartz diorite porphyry, with the sulfides occurring in
disseminated blebs and in veinlets. To date 600 feet of diamond
drilling has been completed at Drill Hole #1, with initial essays
returned from ALS Chemex Laboratories are as follows: Diamond Drill
Hole #1 75 degree angle - East Bearing Footage Width Cu % Mo ppm Au
ppm Ag ppm 2' - 12' 10' 0.05 9 0.005 0.2 12'- 22' 10' 0.22 43 0.024
0.4 22' - 32' 10' 0.34 14 0.020 0.8 32' - 42' 10' 0.26 39 0.020 0.5
42' - 52' 10' 0.32 26 0.022 0.6 52' - 62' 10' 0.22 31 0.018 0.4 62'
- 72' 10' 0.212 12 0.018 0.4 According to Cascade Mining Chief
Geologist Michael Skopos, "We are very pleased with these early
reports. The initial drill results from Diamond Drill Hole #1
appear encouraging and we look forward towards further evaluation."
About Cascade Mountain Mining Cascade Mountain Mining,
http://www.cascade-mining.com/, owns 31 mining claims, which
encompasses the Mazama Project. The Company is in the process of
confirming previous exploration work that was started in 1963 by
Bear Creek Mining (the exploration division of Kennecott), Brenda
Mines (Noranda), Exxon Minerals, and others. Cascade was formed in
2002 to develop these and other reserves subject to the economics.
The Company intends to concentrate entirely solely on claims that
become available that have been "worked". This means the claims
have known ore reserves where data is available on test borings and
analysis which shows that a mining operation is marginally
profitable or close to breakeven, given the mining techniques and
commodity price of the metals extracted at the time. Cascade
Mountain will re-evaluate such analysis, typically by adding more
testing and by "upgrading" the ore-to-waste ratio. This is done by
employing the newest mining technology, employing state-of-the-art
3-dimensional computer modeling and targeting the enriched areas of
a group of claims. Safe Harbor Statement The statements contained
in this news release that are not historical facts may be
statements regarding the Company's future that involve risks and
uncertainties which could cause actual results to differ materially
from those currently anticipated. For example, statements that
describe the Company's hopes, plans, objectives, goals, intentions
or expectations are all forward-looking statements. Any such
statements made herein about the Company's future are only made as
of the date of this news release. Numerous factors, many of which
are beyond the Company's control, may affect actual results. The
Company undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances. DATASOURCE: Cascade Mountain Mining Company, Inc.
CONTACT: David Zazoff of FOCUS Partners LLC, +1-212-752-9445, , for
Cascade Mountain Mining Company, Inc. Web site:
http://www.cascade-mining.com/
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