(TheNewswire)
Vancouver, British Columbia / TheNewswire / July 19, 2017 - Cache Exploration Corp. (the “Company”,
or “Cache”), (TSX-V:CAY) is pleased to announce that it has staff on site preparing the Kiyuk Lake Gold
Property to commence drilling in late July, 2017. Preparation will be quick as fuel, drills and a 35-person camp are on site and
ready to go. Cache will be proceeding with a minimum 2,000 M drill program.
CEO, Jack Bal Comments:
“With a 15 Km strike length and multiple gold showings over 3g/t we are keen to increase our already
impressive data set.”
2017 Summer Drill Program Highlights
-
1. To expand the known gold mineralization discovered at the Rusty and Gold Point
zones
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2. To prioritize future drill targets and develop new mineralized zones through
grid till sampling and prospecting over new gold targets previously identified in property-wide till sampling
Rusty Zone
Drilling at the Rusty zone will be focused on defining gold mineralization at depth and at surface
to the south east. This infill drilling will help move the Rusty zone towards defining a resource. Drilling in 2013 demonstrated
strong continuity of breccia-hosted gold mineralization within the Rusty zone.
Highlights from previous drilling at Rusty include:
-52.4 m at 3.27 g/t Au from surface
-35.9 m at 4.95 g/t Au from 134.1 m
-61.5 m at 3.3 g/t Au from 159 m
-24.1 m at 3.40 g/t Au from 34.0 m
Gold Point Zone
The Gold Point zone is a high priority target located in a 24 kilometre magnetic anomaly that will
receive further drilling in this program. Ground magnetics, prospecting and mapping in 2012 and 2013 identified a possible
extension of Gold Point mineralization by the discovery of similar mineralization, in boulders, in the polymictic conglomerate that
hosts the Gold Point zone. These extensional zones - South Gold Point and East Gold Point respectively - were further defined by
ground magnetics as zones of magnetite destruction coincident with east-west structures, which are identical to those found at the
Gold Point zone. Drilling in 2017 will target these new areas.
Previous drilling at the Gold Point zone returned:
-63.6 m at 2.84 g/t Au from 148 m
-12 m at 2.4 g/t Au from 120 m
-12 m at 3.9 g/t Au from 163.5 m
About Cache Exploration
Cache Exploration is focused on its Kiyuk Lake Property covering 590 square kilometers
in southwest Nunavut.
Kiyuk Lake Property Highlights
-A true district play covering a majority proportion of the Proterozoic Kiyuk Basin
-12,000 meter drill database: 2008-2013
-Gold Showings over a 15 Km Strike Length
-Multiple Gold Intercepts over 1g/t
-Four Discrete Mineralized Zones (Rusty, Gold Point, Cobalt, Amundsen)
-Significant expansion possible with five new target areas identified and ready for drilling
- Sites are drill ready with fuel, drills and 35-man camp on site and ready for
spring drilling
For more information about Cache Exploration, please visit: http://www.cacheexploration.com/
On behalf of the Board of Directors
Cache Exploration Inc.
“Jack Bal”
Jack Bal
Chief Executive Officer
FOR MORE INFORMATION, PLEASE CONTACT:
Jack Bal
604-306-5285
jackbal@cacheexploration.com
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of
Canadian securities laws, including statements regarding the Kiyuk Lake Property: statements pertaining to the ability of Cache
Exploration Inc. (“CAY”); the potential to develop resources and then further develop reserves; the anticipated economic potential
of the property; the availability of capital and finance for CAY to execute its strategy going forward. Forward-looking statements
are based on estimates and assumptions made by CAY in light of its experience and perception of current and expected future
developments, as well as other factors that CAY believes are appropriate in the circumstances. Many factors could cause CAY’s
results, performance or achievements
to differ materially from those expressed or implied by the forward looking statements, including:
discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early
exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory
restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees.
Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are
made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly
disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information,
future events or otherwise.
The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the
content of this news release
Rusty Zone Drilling 2013
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R
Rusty Zone Drilling Open at Depth
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Rust Zone Open to South East and Depth
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