Pacific Cascade Minerals Inc. (the “Company”) is pleased to report further drill results from its Phase One exploration program on the El Centenario Project, Durango, Mexico. The first phase of exploration has targeted the La Esperanza silver, zinc, and lead mineralized structural zone.
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|DRILL |A |La |A |A |A |A |
|HOLE ESP | |Esperanza | | | | |
|12-12 | |2012 | | | | |
|——————————————————————–|
|A |A |A |A |A |A |A |A |A |A |
|——————————————————————–|
|A |A |Width |Ag |Ag |Au |Au |Zn |Pb |Cu |
|——————————————————————–|
|Drill|Intersection|(meters)|(g/t)|(oz/t)|(g/t)|(oz/t)|% |% |% |
|Hole | | | | | | | | | |
|——————————————————————–|
|ESP |29.26-45.90 |16.64 |170 |4.96 |0.08 |0.002 |1.36|0.61|0.05|
|12-12| | | | | | | | | |
|——————————————————————–|
|incl |29.26-32.90 |3.64 |549 |16.01 |1.47 |0.04 |5.08|1.55|0.15|
|——————————————————————–|
|incl |30.90-31.90 |1.00 |1777 |51.81 |0.03 |0.001 |7.61|2.40|0.36|
|——————————————————————–|
|incl |45.00-45.90 |0.90 |715 |20.85 |7.04 |0.21 |3.05|4.31|0.18|
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Note; The estimated True Width of ESP 12-12 intersection is 80%, approximately 13.3 meters
Harold Forzley, President of the Company states, “We are very pleased to see that at depth the La Esperanza structure shows the first evidence of gold (0.9m 7.04 g/t, 0.2 oz/t) and copper (1m 0.36%) mineralization associated with the silver, zinc and lead mineralization. Pacific Cascade will aggressively test the La Esperanza structure at depth in its Phase Two exploration program.”
Drill hole ESP 12-12 is located 150 meters south of drill holes ESP 12-1, 2 and 3 and is 450 meters south of ESP 12-6 and 7 previously reported. The company has drill tested over 600 meters of strike length and will continue to release results of additional holes as received. (Please see drill hole location map on the “Company” website www.pacificcascade.ca )
Drill hole ESP 12-12 represents the deepest intersection in the geological setting to date and displays not only silver, zinc and lead mineralization across significant widths but now has intersected gold and copper mineralization associated with the silver, zinc and lead mineralization. The La Esperanza structure is open to the north, south and to depth.
The Company is currently preparing plans to mobilize surface sampling and diamond drilling on the Santa Margarita gold zone located approximately 2 kilometers east of the La Esperanza zone
All samples on the property are taken by company employees. Each sample is individually sealed in standard plastic sample bags and secured with cable ties. 2-4 samples are then placed in rice bags and secured with cable ties. The samples are transported by Company employees to a bonded carrier (as recommended by Acme Analytical Labs) who transport them to the Acme Analytical prep facility in Guadalajara. The samples remain in Acme Analytical’s possession and they are responsible for secure transport to the Acme Analytical facility in Vancouver B.C. for analysis. For quality control purposes within each drill hole several standards (known analytical results) are randomly placed in the consecutive sample numbers as a double check for the accuracy of the Acme Analytical process.
About the Project
The El Centenario project is situated 15km southwest of the La Cienega mine (owned by Fresnillo PLC) a structurally controlled gold-silver-lead-zinc mineral deposit that has been in production since early?1999. To date, the La Cienega mine has produced more than 2M oz of gold and 50M oz of silver. Additionally, the world-class Metates deposit (27m oz gold equivalent owned by chesapeake gold corporation (tsx-v:CKG) is located 10 km south-southeast of the El Centenario project. The project area encloses a historical, little-explored mining district that was active during the Spanish colonial times. The concession block contains dozens of mineral prospects and an abundance of small-scale mine workings. The style of mineralization varies from epithermal, low sulfidation, fracture-filling vein-stock-work breccia systems to skarn and sediment-hosted enriched disseminated zones. The Company has entered into an agreement to earn a 70% interest from Arcelia Gold Corp, a private company
Technical information in this news release has been reviewed by Derrick Strickland, P.Geo., a qualified person as defined in NI 43-101.
For further information regarding Pacific Cascade Minerals Inc. and the El Centenario project please visit the Company’s website at www.pacificcascade.ca .
On behalf of the Board of Directors
“Harold Forzley”
President/CEO? Pacific Cascade Minerals Inc.
For more information contact Daniel Whittle, Investor Relations at: Telephone: (604) 637-1341 or e-mail [email protected].
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company’s intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions,
intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information
