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Cascada Silver Corp C.CSS

Alternate Symbol(s):  CSSCF

Cascada Silver Corp. is a Canada-based mineral exploration company. The Company is in the business of exploration and evaluation of mineral properties in South America. It is focused on silver and gold exploration in Latin America. It owns 100% interest in the 250-hectare Mina Guanaca Copper Property located 110 kilometers northeast of the City of Copiapo, Region III, Chile. It has an option to acquire a 100% interest in the 2,000-hectare Angie Copper Molybdenum Porphyry Project located in Region III, Chile, approximately 75 kilometers east of the City of Copiapo. The Golden Lake Property, located adjacent to the western border of concessions owned by Minera Newmont Chile Ltda, overlies a portion of the Pollux Gold District which hosts a series of eroded gold-silver bearing veins.


CSE:CSS - Post by User

Post by guerreiroon Jun 29, 2021 12:33pm
152 Views
Post# 33466405

News Release

News Release
 
Click icon to view Analyst Opinions.   - Target Price or Analyst Rating was updated in the last 24 hrs.     
Cascada Silver Provides Exploration Update on the Agua Amarga and Marilin Projects

 

29 Jun 202108:04 ET  

Newsfile Corp

 

Toronto, Ontario--(Newsfile Corp. - June 29, 2021) - Cascada Silver Corp. (CSE: CSS) ("Cascada") is pleased to provide updates on drilling activities at its Agua Amarga silver project and the underground exploration and sampling program at its Marilin gold silver project, both located in Chile's Atacama Region.

At the Agua Amarga project, the previously announced reverse circulation drilling program has been completed with four drill holes targeting the down dip extensions of the silver-bearing veins which had been mined during the 1800's. Samples from the drilling program have been sent for assaying. It is anticipated that results will be available in 3 to 5 weeks, which is longer than normal turn-around for results due to COVID-19 restrictions at the laboratories in Chile.

At the Marilin project, the underground exploration adit has been completed with the adit driven along 40 metres of the Marilin vein structure exposing a 0.90 to 1.50 metre wide zone of oxidized quartz carbonate veining. Samples, collected at the adit face after each blast, have been sent for assaying with results anticipated in 2 to 4 weeks. In addition to the underground exploration, approximately 200 metres to the southeast and 120 metres above the adit, two samples were collected from the sides of the main Marilin quartz vein, which had historically been exposed by a deep pit. One 0.6 metre chip sample collected across a quartz vein with iron and copper oxides returned assay results of 2.52 gram per tonne ("g/t") gold, 57.3 g/t silver and 1.35% copper. A second 0.2 metre chip sample of druzy quartz with calcite and iron and copper oxides returned 1.41 g/t gold, 152.8 g/t silver and 1.6% copper. The main Marilin vein itself could not be accessed for sampling.

"The exploration programs at the Agua Amarga and Marilin projects were completed as planned and within budget," said Carl Hansen, Cascada's CEO, "and we are now waiting for assay results from both programs. In the meantime, as we prepare further exploration activities, we will take advantage of the delay in assay turnaround times to catch up on conducting field examinations of potential properties which have been submitted to Cascada for review."

NI 43-101 Technical Disclosure

The Qualified Person, as defined by National Instrument 43-101 of the Canadian Securities Administrators, for Cascada's exploration activities in Chile is Sergio Diaz, a resident of Santiago, Chile. Mr. Diaz is a Public Registered Person for Reserves and Resources N° 51, in Chile and is also registered in the Colegio de Gelogos de Chile under N° 315.

About Cascada Silver Corp.

Cascada is a mineral exploration company focused on silver and gold exploration in Latin America with four properties under option in Chile, including the historic Agua Amarga silver project where high-grade epithermal silver-bearing veins were mined during the 19th century. Cascada's team of successful exploration professionals are dedicated to the discovery of mineral deposits that can be progressed into economically viable development projects creating value for all stakeholders.

On behalf of Cascada Silver Corp.,

Carl Hansen, CEO

For additional information, please contact us at:

info@cascadasilver.com

Mars Investor Relations

(647) 557-6651

css@marsinvestorrelations.com

 


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