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
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
7,847,022 Shares outstanding as of June 12, 2015
All Financial documents and news releases for the company are available at sedar.com