Cache to Acquire 100% of BC Golden Triangle Project

(Marmot claim block. Project map via Cache Exploration Inc. Click to enlarge)




Cache Exploration Inc. (TSX-V: CAY, Forum) announced on Monday that it will acquire a 100% option on the Marmot Precious Metals Project, located in the Golden Triangle British Columbia, Canada and held by Granby Gold Corp., an arms-length private company. Situated roughly six kilometers from the town of Stewart, the project lies where a helicopter-borne magnetics and radiometrics survey was flown over the mineral tenements during September 2018 by Granby.

Cache Exploration’s Chief Executive Officer, Jack Bal stated that mineral explorers are piling up into British Columbia’s Golden Trangle, with several companies showing massive discovery potential.

“The Marmot project covers over 4,000 hectares and has over 10 minfile references, including the past producer Montana (Ag, Au, Cu, Pb, Zn) mine. The Company will mobilize a work program as soon as the weather allows. We are very excited to be involved in such a promising project.”

To read more on CAY’s acquisition and the project, click here.

The gold Company holds and operates the Kiyuk Lake Property, which covers 590km2 in SW Nunavut and recently looked to acquire a historical gold mine in Krasnoyarsk, Russia.

In an interview, CEO Bal mentioned that Krasnoyarsk was a previously producing gold mine.

“The historical resource of this reserve is over 1.7 million ounces. So, it’s a very good opportunity for a company like ours to get involved to become a producer in a very short way. We're very excited.”



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