EDITOR: | July 2nd, 2013

Cache Completes Drilling at The Welsford Inner Property

| July 02, 2013 | No Comments
image_pdfimage_print

Cache-ExplorationJuly 2, 2013 (Source: Cache Exploration Inc) — Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V:CAY), is pleased to announce that the Company has completed the drilling program at the Welsford Inner Property in New Brunswick. This drilling program has been approved for a grant of up to $35,000 under the New Brunswick Junior Mining Assistance Program which represents 50% of the first $70,000 of eligible costs incurred in the drilling program (see June 6, 2013 news release). Dr. David Lentz, P.Geo., is a Qualified Person as described in National Instrument 43-101 and is responsible for any technical information contained in this news release.

A diamond drilling program, as news released on June 25, was carried out on the Welsford Inner Claims (see Figure 1). Vic Progressive Diamond Drilling Inc. of Sussex, New Brunswick completed the drilling of one exploration test hole under contract. This test hole was collared from the same drill pad location as the 2012 drill hole and was drilled towards the southwest, in the opposite direction to the 2012 drill hole. It was drilled for a length of 182 metres at a 45 degree angle to test for the presence of molybdenite mineralization, relative to an inferred SSE-trending fault structure. Molybdenite was initially discovered in the upper part of the 2012 drill hole (see May 13, 2013 news release). The drilling was designed to test the molybdenum soil anomaly located along the trend parallel to McKeel Lake. The company’s technical team believe the molybdenite mineralization is related to both stockwork molybdenum veins and also molybdenum remobilized into late fractures from at depth along the fault zone.

Neither The TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Location of the Welsford Inner Property in southern New Brunswick

Figure 1 – Location of the Welsford Inner Property in southern New Brunswick

Welsford Inner Property location of soil anomalies

Figure 2 – Welsford Inner Property location of soil anomalies, 2012 drill hole, and 2013 drill hole

Figures 3 – Photos of various forms of mineralization in DDH WI-13-09:

concentrated in veinlets

3(a) concentrated in veinlets (72 m)

in stockworks

3(b) in stockworks (117 m)

as aggregates

3(c) as aggregates (100.50 m)

disseminated within the granite

3(d) disseminated within the granite (87 m)

concentrated with gossanous zones

3(e) concentrated with gossanous zones (120.50 m)


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


Copyright © 2016 InvestorIntel Corp. All rights reserved. More & Disclaimer »


Leave a Reply

Your email address will not be published. Required fields are marked *