Glacier Retreat Uncovers Discovery of New Mineralized Skarn Zone PDF Print E-mail

TORONTO, CANADA – August 18, 2011 – Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V:CAY), is pleased to announce that a preliminary geological assessment and rock sampling program was completed by a crew of four Cache personnel in early August on the three Cache properties in the Stewart Gold-Silver-Copper District of British Columbia (see attached map). This region is host to an abundance of gold, silver, and base metal deposits and previously producing mines in environments related to volcanogenic massive sulphides and epithermal and intrusion-related veins and skarns. Dr. David Lentz, P.Geo., is a Qualified Person as described in National Instrument 43-101 and is responsible for the technical information contained in this news release.

The Quinn Eskay Property is a group of four claims covering 4,349 acres located 50km northwest of the town of Stewart, BC and 10km northwest of the Granduc Mine, which is historically reported as producing 15.2 million tonnes of gold, silver, and copper ore. The claims are predominantly metasediments and metavolcanics of the Upper Triassic Stuhini Group and granitoid rocks of the Eocene Coast Plutonic Complex. During this sampling and reconnaissance field program, a large gossaniferous zone was identified with a mixture of various rock types that have been hornfelsed and locally silicified. This zone is estimated to have a minimum strike length of 300 metres with an approximate width of 50 metres. Skarnoid rocks have been identified with local disseminated pyrite. Samples taken from this zone and other areas within the property include 19 grab samples and two channel samples, which are all currently being analyzed by instrumental neutron activation (INAA) at Activation Laboratories Inc. Skarn related gold and silver mineralization has been noted on the Doc Property 2km to the north with published results of assays up to 44.66 g/t Gold and 219 g/t Silver.

The Stewart South and the GSM Property, respectively, are a group of 3 contiguous claims covering 3,360 acres and one detached claim covering 719 acres which are located less than 20km southeast of Stewart, BC. These claims cover several formations of the Jurassic Hazelton Group, which is known to host several styles of gold mineralization in past producing mines in northwestern BC including the Silbak Premier Mine and the Eskay Creek Mine. A limited number of samples containing disseminated pyrite were taken over these properties. Due to the recent retreat of a glacier, a large skarn related mineralized zone was identified covering approximately 100 metres by 100 metres of exposure. This mineralized skarn zone, which represents a new discovery, is thought to potentially continue beneath the retreating glacier. Skarn related units vary from pyritic porcellanitic rocks to hedenbergite-actinolite skarn with local epithermal sulphide-quartz vein sets overprinting the skarn and skarnoid rocks, and related high-level porphyritic intrusions. Twenty grab samples and four channel samples were taken from several sulphide bearing units in this zone and elsewhere on the property. There was also one stream sediment sample taken from the GSM Property. All samples are currently being analyzed by INAA at Activation Laboratories Inc.

Mr. Brown, CEO, states: “We are very pleased with the findings of our crew on these properties, particularly the skarn-related mineralization recently exposed by the melting glacier. We will be anxiously looking forward to receiving the assay results from the lab.”
Cache Exploration is a well funded exploration company with a focus on exploring for REE deposits. Cache is exploring the Welsford REE Properties in New Brunswick, the Cross Hills REE Property and Cross Hills Northern IOCG Property in Newfoundland, the Louil Hills REE Property in Newfoundland, and the Nunavut REE Properties. The Company recently acquired a 100% interest in Cache Minerals Inc. (“CMI”)(formerly Rockbridge Minerals Inc.) through which it now controls the CMI Cross Hill REE Properties adjacent to Cache’s Cross Hills Properties, the 3,360 acre Stewart South Property in BC, the 4,349 acre Quinn Eskay Property in BC, the 719 acre GSM Property in BC, and the 4,680 acre White Gold Properties in the Yukon. All of the Cache REE properties are considered to have excellent potential for rare earth element mineralization. The BC and Yukon properties provide a diversity of exposure to exploration potential for copper, silver, and gold.

Additional information is available under the company's profile at www.sedar.com and on the Cache website at www.cacheexploration.com For additional information please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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NR_Aug18-11_map1

Map showing the location of the three Cache properties circled from north to south:

Quinn Eskey Property - 4 claims covering 4,349 acres

Stewart South Property - 3 claims covering 3,360 acres

GSM Property - 1 claim covering 719 acres