Cascadero Copper Corporation: Taca Taca Mineral District Geochemistry Program Completed
June 15 2012 - 2:29PM
Marketwired
Cascadero Copper Corporation (TSX VENTURE:CCD) -
Salta Exploraciones S.A. (Salta), Cascadero's 50% owned
Argentine subsidiary, has completed a program of Mobile Metal Ion
(MMI) and outcrop rock grab samples in an area adjoining Lumina
Copper's 1.762 billion tonne Taca Taca Bajo Cu-Mo-Au deposit. The
geochem program was focused on Francisco I, Francisco II and Sarita
Este. MAP ONE shows the location of the sample points on each
property (to view map, visit the following link:
http://media3.marketwire.com/docs/MapOne_CCD.jpg).
Salta spent eleven days in the Taca Taca Mineral District in
late May and early June. The geochemical program was designed by
Salta Exploraciones (Salta). The field work was performed and
managed by Ron Bilquist Salta VP of Operations, with Salta field
assistants and a locally contracted backhoe with operator. The
properties included 50% owned Francisco I, 50% owned Francisco II
and 100% owned Sarita Este. Cascadero Copper owns 50% of Salta.
TABLE ONE
SALTA PROPERTIES AND SAMPLE DISTRIBUTION
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CLAIM ID Hectares Salta MMI Rock Grab Target
Interest Samples Samples Metals
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Francisco I 1,000 50% 14 18 Cu-Au
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Francisco II 1,313 50% 102 4 Cu-Au
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Sarita Este 830 100% 55 77 Cu-Au
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Total 1,986 171 99
(net)
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The Mobile Metal Ion (MMI) geochemical technology was used to
detect the presence of sub-surface mineralization in this area. The
Company believes that Taca Taca porphyry related mineralization may
exist to the west and north west of Lumina Copper's and Salta's
property boundaries. In addition, historical sampling and
alteration evidence suggest that the Salta properties have
high-potential for stand-alone porphyry Cu-Mo-Au, exotic copper,
epithermal style gold and IOCG mineralization.
On the Francisco I property, the existing Gold Pit Zone, which
historically has produced high-grade copper and gold assays, was
revisited and is believed part of a larger structure that trends to
the southwest onto Salta's 100% owned La Sarita II property to the
west. This zone displays IOCG affinities. A new mineralized zone
may be present to the south of the Gold Pit Zone as represented by
a train of silica rich boulders. Both of the zones are
high-priority showings.
The Francisco II property adjoins Taca Taca immediately to its
west and is primarily pediment covered with few outcrops. The MMI
sampling was focused on this area as it is close to recent Lumina
drill holes and to the common property boundary. This area is also
important as it may be on a north western trending channel that may
have transported exotic copper from the Taca Taca deposit to the
Graben during the leaching process.
On Sarita Este, the gold showing on the property was discovered
by Salta in 2006 and confirmed by more sampling in 2008. The
recently completed program suggests that a larger area of
alteration hosts the original gold discovery. The alteration may be
part of larger northwest trending structural and mineralized domain
that parallels a regional fault system. Also on Sarita Este, an
area of leached cap alteration was discovered on the south eastern
part of the property about 600 metres southwest of the Taca Taca
deposit.
A follow up exploration program is in the planning stage.
Bill McWilliam, Chief Executive Officer
Cascadero Copper Corporation
ABOUT CASCADERO COPPER
Cascadero Copper is an integrated prospecting and mineral
exploration business with offices in North Vancouver, BC, Canada,
Sudbury, Ontario, Canada and Salta City in the province of Salta,
Republic of Argentina. The Company generates, acquires and explores
mineral properties and is active in the three jurisdictions.
In north central British Columbia, the Company has a 100%
interest in a 31,000 hectare property in the Toodoggone region,
which is prospective for copper gold porphyry systems. This
property is subject to a C$20 million Joint Venture with Gold
Fields.
In Ontario, the Company holds or has the right to acquire a 100%
in 17 properties in the Sudbury, Swayze and Timmins camps, which
are volcanic and sediment hosted copper gold prospects.
In north western Argentina, the Company holds a 50% interest in
a 46 property portfolio, which consists mainly of bulk mineable
copper-moly-gold porphyries and bulk mineable sediment hosted
silver-gold plus base and rare metals.
Cascadero's commodity focus is gold, silver, moly, copper, base
and rare metal hosted in large-scale bulk mineable mineral
systems.
In 2009, the Company discovered Taron, a large bulk mineable
sediment hosted epithermal rare metal deposit in Argentina. In
2011, Cascadero discovered Las Burras, a new Argentine Cu-Mo-Au
porphyry.
The Company holds a large claim block that adjoins Lumina
Copper's Taca Taca Bajo Cu-Mo-Au deposit. Several copper and gold
showings exist on these claims. A first stage geochemical program
is complete.
In 2012 to 2013, Cascadero intends to conduct exploration in
three core areas: Pancho Arias Cu-Mo-Au porphyry District, the Taca
Taca Mineral District and the bulk mineable sediment hosted silver
prospects in the El Oculto District. Exploration is also planned
for Taron, an exciting large-scale sediment hosted rare metal
discovery.
Neither the TSX Venture Exchange nor its Regulation Service
Provider accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Cascadero Copper Corporation Bill McWilliam Chief
Executive Officer Cell: 604-999-0391bill@Cascadero.com AJF
Consultants Allan or Janice Feldman Office: 604-948-9663 or Cell:
604-377-2942