- Cascada Silver (CSE:CSS) begins drilling at its Mina Guanaca copper property in Brazil
- The program is a 1,200-metre reverse circulation drill program to test the down dip extension of the extensive copper oxide mineralization exposed in the Mina Guanaca copper pit
- The company has the option to earn 100 per cent interest in Mina Guanaca
- Shares of Cascada Silver are unchanged at C$0.03
Cascada Silver (CSE:CSS) announced it has begun drilling at its Mina Guanaca copper property in Brazil.
The Toronto-based company stated in a news release that the objective of the 1,200-metre reverse circulation drill program is to test the down dip extension of the extensive copper oxide mineralization exposed in the Mina Guanaca copper pit.
“The program will also test an induced polarization chargeability low, located 200 to 300 metres beneath the open pit, which may be associated with copper porphyry mineralization,” Carl Hansen, CEO of Cascada Silver, said in a statement. “Three drill holes ranging from 250 to 300 metres have been planned with additional holes to be collared based upon visual results from the initial drilling. Assays from the Phase 1 program should be available during October 2024.”
Cascada has an option to earn a 100 per cent interest in Mina Guanaca by making payments of US$5.01 million over a four-year period and completing a minimum of 1,250 metres of drilling annually over the option period.
Cascada Silver is a mineral exploration company focused on exploration opportunities in Chile.
Shares of Cascada Silver (CSE:CSS) are unchanged at C$0.03.
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(Top photo of drilling rig: Adobe Stock)