(via TheNewswire)
Confirms Consistent Silver Values with Sampling of Bulk Crush Material at Pilar
Highlights
Cascade Copper, a company formed with Tocvan’s original project,
Rogers Creek , is now trading on the CSEDividend to Tocvan Shareholders Planned (See
May 19th, 2022 , news release)Initial Duplicate Sampling of Bulk Crush Material Returning Consistent Silver Values Along with Gold
15 samples assayed up to 14.9 g/t Ag, averaging 8.8 g/t Ag
Same 15 samples range between 1.11 and 2.18 g/t Au, averaging 1.64 g/t Au(previously reported)
Additional Samples (130 in total) are Pending Results
"We are excited to see Cascade complete its IPO and look forward to unlocking the value of this new opportunity to our shareholders”stated
About Cascade Copper
Cascade Copper 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. More specifically, Cascade’s objective is to conduct an exploration program on its flagship Rogers Creek Property located in the Coastal Mountain Belt of
Bulk Sample Update
In addition, the Company is pleased to provide and update from its Pilar gold-silver projects in
Crush Reject Sampling Results
Sample ID | Au (g/t)* | Ag (g/t) |
332651 | 2.17 | 11.5 |
Duplicate | 1.80 | 10.2 |
332653 | 1.79 | 3.8 |
332654 | 1.89 | 9.3 |
332657 | 1.71 | ND |
332658 | 1.83 | 7.0 |
332659 | 1.83 | 5.0 |
332660 | 2.18 | 13.7 |
332662 | 1.42 | 7.5 |
332663 | 1.25 | 11.0 |
332664 | 1.36 | 7.2 |
332665 | 1.53 | 14.9 |
332666 | 1.19 | 6.0 |
332667 | 1.11 | 10.6 |
332668 | 1.16 | 12.3 |
332669 | 1.99 | 10.7 |
Table 1. Summary of Results from Duplicate Samples from On-site Crushing of Bulk Sample Material. Samples were collected during the first two-days of crushing. *Gold values were previously released on
Photo 1.Bulk Sample Heap Leach Pile Dimensions.
Photo 2.Heap Leach Pile ready for processing.
Click Image To View Full Size
About the Bulk Sample
Over 1,400 tonnes of oxide-gold material have been extracted from select areas exposed at surface across the project area, focusing on the
Diagnostic Leach Study Summary
Full results from the Diagnostic Leach Study are available on the Company’s website and in the
Sample ID | Location | Head Screen Assay | Gravity Concentrate Assay | Total Recoverable by Gravity and Agitated Cyanide Leach | ||||
Au (g/t) | Ag (g/t) | Au (g/t) | Ag (g/t) | Au (%) | Ag (%) | |||
494741 | 6.2 | 23 | 76.2 | 237 | 95 | 78 | ||
494743 | 8.2 | 68 | 117.0 | 1152 | 98 | 97 | ||
494745 | 2.7 | 9 | 35.6 | 82 | 97 | 90 | ||
494747 | 4-T (Surface) | 20.4 | 74 | 290.3 | 568 | 98 | 85 | |
494749 | 24.9 | 9 | 231.1 | 53 | 99 | 73 |
Table 2. Summary of Results from the Precious Metals Diagnostic Leach Study completed by LTM.
About the Pilar Property
The
2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):
116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag
108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag
63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag
2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):
39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au
47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
29m @ 0.7 g/t Au
35.1m @ 0.7 g/t Au
2020 Phase I RC DrillingHighlights include (all lengths are drilled thicknesses
94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;
41.2m @ 1.1 g/t Au, including 3.1m @ 6.0 g/t Au and 12 g/t Ag ;
24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag
15,000m of Historic Core RC drilling. Highlights include:
61.0m @ 0.8 g/t Au
16.5m @ 53.5 g/t Au and 53 g/t Ag
13.0m @ 9.6 g/t Au
9.0m @ 10.2 g/t Au and 46 g/t Ag
About the El Picacho Property
The
About
Quality Assurance / Quality Control
Composite samples were shipped for sample preparation and analysis to LTM in
The LTM Hermosillo facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 30-gram nominal weight fire assay with atomic absorption spectroscopy finish. Silver was analyzed aqua regia digestion with atomic absorption spectroscopy finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s robust quality assurance / quality control protocol. A full report from the Diagnostic Leach Study is available on the Company website for review.
Cautionary Statement Regarding Forward Looking Statements
This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s financial position. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws.
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 statements. Accordingly, readers should not place undue reliance on forward-looking information.
For more information, please contact:
Telephone: 1 888 772 2452
Email:ir@tocvan.ca
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