About Cache Exploration
Cache is a publicly traded mineral-resource company (TSX-V:CAY) with a focus on exploration for minerals.
The company has three mineral projects currently with 100% interest
Yukon White Gold District Project - Cache Exploration has 100% ownership of 4,680 acres in the Tintina Gold area. The Claims are in the vicinity of the Underworld gold discovery of 2009 which was acquired by Kinross in 2010 in a friendly takeover.The claims are in the vicinity of the previously announced discovery (May 27, 2009) by Underworld Resources that stated significant results returning grades of 3.94 g/t Au over 59.4 metres and 3.59 g/t Au over 98.3 3 metres. A predecessor company completed a Fall soil sampling program in 2010 and found several significant highs of Gold, Arsenic, Antimony and Molybdenum distributed over an area of 3 km x 2 km.
|Area||Maximum Values||Number of Samples >98th percentile|
The Stewart District Gold-Silver-Copper Claims - Cache Exploration has 100% ownership of 8,428 acres in the Eskay Creek/Stewart region of B.C. in 3 sections - 3,360 acre Stewart South Property, the 4,349 acre Quinn Eskay Creek Property and the 719 acre GSM Property.
The results of the 2013 sampling program at Quinn Eskay are very positive and highly encouraging. They highlight the potential for the property to host a polymetallic gold-silver deposit. Whereas the 2012 sampling program successfully identified significant mineralization at Quinn Eskay, the 2013 program further advanced upon the success of the previous year by identifying additional high-grade gold-silver mineralization and narrowing in on areas of interest while also expanding the area of known mineralization. (From News Release dated August 19, 2013)
Cache Newfoundland Cross Hills Property
Cache has acquired 100 per cent of 343 claims in June of 2011 covering approximately 20,923 acres in Newfoundland, of which 27 claims are subject to a pre-existing 2-per-cent net smelter royalty with a right to reduce the net smelter return by 1 per cent for $1-million and the additional 316 claims subject to a 2-per-cent net smelter royalty to RRI with a right to reduce the NSR by 1 per cent for $1-million.
The Cross Hills Rare Earth Prospect contains Zr (Zirconium), Y (Yttrium), and Nb (Niobium) Rare Earth Mineralization.
Historic assays have returned values up to 2.2% Zr (Zirconium), 0.33% Y (Yttrium), 0.26% Nb (Niobium), 0.17% Ce (Cerium), 0.08% Th (Thorium) and 0.03% Sn (Tin).
The predecessor company had completed a $165k 2010 work program on the Newfoundland Cross Hills property. Prospecting programs earlier in the year encountered Copper of up to 1.95%, and Total Rare Earth Oxides of up to 1.11% from outcrop samples. The 2010 fall program consisted of 4 diamond drill holes totalling 387m in the zone prospective for copper, and 2 diamond drill holes totalling 196m in the zone prospective for Rare Earths.The copper zone did not intersect any significant mineralization at depth, while the Rare Earth showings that were drilled showed anomalous values Yttrium plus Total Rare Earth Oxides.
The company is actively reviewing new mineral projects to enhance shareholder value.
Further information can be obtained by contacting the office:
Suite 200 - 8388 120th Street
23,250,221 SHARES OUTSTANDING AS OF April 10, 2014
All Financial documents and news releases for the company are available at sedar.com