Cascadero Copper Corporation: Initial Phase of Pancho Arias Cu-Mo-Au Porphyry Drill Program in North Western Argentina Comple...
2012年5月22日 - 10:56PM
Marketwired Canada
Salta Exploraciones S.A. (Salta), Cascadero's (TSX VENTURE:CCD) 50% owned
Argentine subsidiary, has completed the initial phase of core drilling at the
Pancho Arias Cu-Mo-Au porphyry prospect in Salta province north western
Argentina. The program is operated by Salta and designed and supervised by Raul
Chocobar, Vice-President of Exploration and a director of Salta.
Five core holes are complete for a total of 1,474.5 metres. Geological
conditions of the ground controlled the final depth of the drill holes due their
orientation with respect to the orientation of regional structures. However,
despite this the drill holes succeeded in testing the geophysical anomaly
satisfactorily.
TABLE ONE
PANCHO ARIAS
2012 DRILL PROGRAM
---------------------------------------------------------------------------
POSI-
TIVE TARGET VIS- VIS-
EASTING NORTHING ELEV DEPTH IBLE IBLE
HOLE ID P-94 P-94 ELEV (m) AZM DIP (m) EOH (m) MOLY CPY
---------------------------------------------------------------------------
PA-12-01 3515429 7317320 3444 +119 0 90 300 260.9 yes yes
degrees
---------------------------------------------------------------------------
PA-12-02 3515710 7317839 3462 +137 165 60 450 409.7 yes yes
degrees
---------------------------------------------------------------------------
PA-12-03 3515760 7317663 3478 +153 165 60 400 401.5 yes yes
degrees
---------------------------------------------------------------------------
PA-12-04 3515633 7318052 3340 +15 0 60 450 122.3 yes
degrees
---------------------------------------------------------------------------
PA-12-05 3515851 7317311 3325 0 345 60 450 280.1 yes yes
degrees
---------------------------------------------------------------------------
Totals 1,474.5 5 4
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All five core holes have variable molybdenum mineralization and four have
variable chalcopyrite mineralization from surface to total depth. All drill
holes bottom in mineralization. Drill hole PA-12-01 is located in the area of
FM-73-04, an historic drill hole, and is designed to test an area of leached cap
alteration in order to locate the supergene mineralization (chalcocite) present
in the historic drill hole. Four of the drill holes, PA-12-02, -03, 04 and -05
are located to provide an 800-metre north south cross section to test the north
east part of the IP chargeability anomaly. The IP chargeability anomaly is open
to the east, west, south and to depth. It is important to note that the Pancho
Arias mineralized zone outcrops over a large area and drill collars PA-12-01,
-02, -03 and -04 have positive elevation above the Rio Toro Quebrada (see Table
One).
One of the Pancho Arias drill rigs is mobilized to the Incahuasi Cu-Mo-Au
porphyry showing, which is about 15 kms south of Pancho Arias. Salta intends to
drill an initial five reconnaissance style core holes at Incahuasi for a total
of 1,500 metres.
MAP ONE below shows the relative location of the three Cu-Mo-Au porphyry
showings present in the Pancho Arias Mineral District. The porphyry showings are
marked by large coincident geochemical and geophysical anomalies. The Company
believes Las Burras, Pancho Arias and Incahuasi have a common magmatic parent.
The porphyries are closely spaced and are located in an area with exceptional
infrastructure, such as a railway to Antofagasta Chile, a high-tension power
line and fresh surface water. The properties are road accessible from the
Argentine National highway #51.
To view Map One please click on the following link:
http://media3.marketwire.com/docs/CascMapOne.pdf
All samples from the Pancho Arias program are prepared by Salta Exploraciones
and delivered by truck to ACME Analytical Labs in Mendoza, Argentina for
preparation and then shipped ACME Labs Santiago, Chile then by air freight to
ACME Labs Vancouver B.C. for assay.
The Pancho Arias and Incahuasi programs are supervised by John R. Breedlove, MS,
who is Certified by the American Institute of Professional Geologists (CPG
#11360) and is the Qualified Person for Cascadero Copper.
ABOUT CASCADERO COPPER
Cascadero Copper is an integrated prospecting and mineral exploration business
with offices in North Vancouver, BC, Canada, Sudbury, Ontario, Canada and Salta
City in the province of Salta, Republic of Argentina. The Company generates,
acquires and explores mineral properties and it active in the three
jurisdictions.
In north central British Columbia, the Company has a 100% interest in a 31,000
hectare property in the Toodoggone region, which is prospective for copper gold
porphyry systems. This property is subject to a C$20 million Joint Venture with
Gold Fields.
In Ontario, the Company holds or has the right to acquire a 100% in 17
properties in the Sudbury, Swayze and Timmins camps, which are volcanic and
sediment hosted copper gold prospects.
In north western Argentina, the Company holds a 50% interest in a 46 property
portfolio, which consists mainly of bulk mineable copper-moly-gold porphyries
and bulk mineable sediment hosted silver-gold plus base and rare metals.
In 2009, the Company discovered Taron, a large bulk mineable sediment hosted
epithermal rare metal deposit in Argentina. In 2011, Cascadero discovered Las
Burras, a new Argentine Cu-Mo-Au porphyry.
The Company holds a large claim block that adjoins Lumina Copper's Taca Taca
Bajo Cu-Mo-Au deposit. Several copper and gold showings exist on these claims. A
property-scale geochemical exploration program is underway on claims that adjoin
the Taca Taca deposit to the west.
Cascadero's commodity focus is gold, silver, moly, copper, base and rare metal
hosted in large-scale bulk mineable mineral systems.
In 2012 to 2013, Cascadero intends to conduct exploration in three core areas:
Pancho Arias Cu-Mo-Au porphyry District, the Taca Taca porphyry District and the
bulk mineable sediment hosted silver prospects in the El Oculto District.
Exploration is also planned for Taron, an exciting large-scale sediment hosted
rare metal discovery.
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