(via TheNewswire)
Located in the Wabigoon Greenstone Belt in
Potential VMS-style and Iron Formation copper and gold prospect with anomalous nickel and silver.
Known mineralization in drilling and outcrop extending over at least 750m SW-NE strike length and a corridor width of at least 300m and historic anomalous grabs found over 2km away along strike.
Copper dominant project allows for critical mineral investment incentives.
Drill permitting in
Ontario is streamlined and can be completed quicker than other Canadian jurisdictions.
Historic Work at Centrefire
A Geotech airborne VTEM and magnetic survey completed in 2010 indicates 2 parallel conductors over the extent of the Project area and structural “mag-breaks” that are coincident with the known copper-gold mineralization. Historic surface grab sampling along the strike length of the coincident mag-high trends and VTEM conductors has returned values up to 1.9% Cu and 23.9 g/t Au1.
Project Location
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Figure1: Location of the
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Figure2:
Option Agreement Details
The option agreement with the vendor of Centrefire allows the Company to acquire 100% of the Project over a three year period by fulfilling the following commitments:
$10,000 in cash and 75,000 shares of the Company within 15 days of closing of the transaction. (Approval Date)$10,000 in cash and 75,000 shares of the Company within 30 days of the first anniversary of the Approval Date.$15,000 in cash and 75,000 shares of the Company within 30 days of the second anniversary of the Approval Date.$20,000 in cash and 100,000 shares of the Company within 30 days of the third anniversary of the Approval Date.
The vendor will retain a 2% NSR whereby the company may purchase 1% for
Next Steps at Centrefire
Upon approval of the agreement by the relevant authorities, Cascade will apply for a drilling permit at Centrefire and complete some surface sampling work to help detail the planned drill target locations. Cascade will also apply for the anticipated upcoming 2024 OJEP grant for an expanded geophysics, modelling, and follow-up drill program of newly generated targets.
1Cascade believes historic results referenced herein to be from reliable sources using industry standards at the time. However, the Company has not independently verified, or cannot guarantee, the accuracy of this historic information.
About Cascade Copper
The Corporation is an exploration stage natural resource company engaged in the evaluation, acquisition, and exploration of mineral resource properties with the intention, if warranted, of placing them into production. Cascade is focused on exploration, development, and acquisition of quality exploration properties. More specifically, Cascade’s objective is to conduct an exploration program on its flagship Rogers Creek Property located in the Coast Mountain Belt of
FOR FURTHER INFORMATION, PLEASE CONTACT:
CASCADE COPPER CORP.
Telephone: 1 613 851 7699
E-Mail:info@cascadecopper.com
Web: www.cascadecopper.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
DISCLAIMER & FORWARD-LOOKING STATEMENTS
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information,
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