Cascada Silver Corp. announced that it has commenced Phase II diamond drilling at its Angie Copper Molybdenum Property ("Angie") located 85 kilometres east southeast of the City of Copiapo, Chile. In preparation for the drilling program, Cascada completed a drone-based magnetometer survey over Angie in order to refine the drill hole collar locations.
The Phase II program will consist of up to 2,000 metres of diamond drilling following up on the results of the two-hole, Phase I reverse circulation ("RC") drill program completed in October 2023. The Phase I program returned significant mineralized intervals within a porphyry environment including 26 metres grading 713 parts per million ("ppm") molybdenum (drill hole AAS-02) with a higher grade interval of 1,208 ppm molybdenum over 8 metres at the end of the hole. Below 100 metres downhole, copper mineralization, chalcopyrite and locally bornite, along with pyrite, was observed in both Phase I drill holes although no significant copper assays were returned.
The two +150 ppm molybdenum centres of the larger 800 by 1,500 metre anomaly will be targeted by the second and third drill holes with the location of the final hole to be determined upon reviewing the visual results from the first three holes.