(The Kiyuk Lake Property. Image via Cache Exploration Inc.)
With the gold price hovering comfortably in and around the $1,700 (USD) an ounce mark for the past few months, gold exploration companies are busy ramping up operations, waiting for the next breakout over $2,000.
However, not every company is able to boast about having properties with solid resource estimates in a mining-friendly jurisdiction, or claim to have a truly experienced management team, a solid balance sheet, and the technological expertise to capitalize on these results. But one junior explorer can boast all five attributes. Investors have already taken notice of a public Company operating in the far north of our country that satisfies all this opportunity at a very early stage.
Cache Exploration Inc. (TSX-V: CAY, Forum) is a Canada based gold focused Company that is engaged in the acquisition, exploration, and development of mineral properties.
Cache holds and operates the Kiyuk Lake Property, which covers 70 mineral claims across 590km2 in southwest Nunavut. Cache has the right to earn 100% interest in the Property subject to a 2% net smelter return (NSR). The project features a number of gold bearing prospects including 2017 identification of 8 metres of 26.4 g/t gold at the Rusty Zone and extensive mineralization at East Gold Point with 64 metres at 1.5 g/t gold and 10 metres at 6.5 g/t gold. Extensive surficial float evidence indicates a series of high-interest gold systems.
The Company had set up camp and winter runway at
Kiyuk Lake Gold Project to prepare for the upcoming 4,000+ metre drill program that is set to commence in early March, 2021.
Aiding their efforts is one of the industry’s most trusted providers of remote exploration camps – Discovery Mining Services, who deploys its expertise in expediting, logistical support, environmental clean-up support, equipment rentals, and dangerous goods documentation and packaging expertise for small to large projects, camps of 2 to 200, grassroots programs to advanced exploration.
Chief Executive Officer of Cache Exploration, Jack Bal stated that he and his team are eager to begin the work program at Kiyuk Lake.
“Discovery Mining Service is a premier operator in northern Canada and will setup and operate our camp during the drill program.”
Multiple gold intercepts over 1 g/t Au have already been discovered through drilling in five discrete mineralized zones - Rusty, Gold Point, East Gold Point, Cobalt and Amundsen. With five new target areas identified and ready for drilling, significant expansion is possible.
Meanwhile, last year’s surge in gold prices saw the precious metal break out above the $2,000 / Oz. level. There will continue to be a lot of attention paid to that market and
experts forecast prices ranging from $2,300 (Goldman Sachs) in the coming months to as high as $3,000 (Bank of America).
The Company is operating in an area of regional significance and has already scored positive results. The Company’s surveys have indicated gold potential in this portion of Nunavut which are characterized by intense sodic and calcic metasomatism.
Promising results with robust activity are two major reasons for investors to get excited about what is to come from Cache Exploration Inc.
To find out more about the Company, visit
cacheexploration.com.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.