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Cache Completes Diamond Drilling At The Welsford Inner REE Property
Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V: CAY), is pleased to announce that diamond drilling has been completed at the Welsford Inner REE Property in New Brunswick. Dr. David Lentz, P.Geo., is a Qualified Person as described in National Instrument 43-101 and is responsible for the technical information contained in this news release.
Diamond drilling, as news released September 6, was undertaken on the Welsford Inner Claims (see Figure 1). The Company contracted Vic Progressive Diamond Drilling Inc. of Sussex, New Brunswick to complete the drilling. The hole was drilled for a length of 346.7 metres at a 45 degree angle to test the inferred convergence of the Main Zone Dykes and the Road Zone Dykes (see Figure 2). These Yttrium, Niobium, and Heavy Rare Earth Element bearing dykes have been historically well-defined both at surface and in drill core. This initial drill hole also tested for northern extents of these converging zones. The Company’s technical team believes that these dykes originate from a source at depth, such as a mineralized sill or cupola.
The samples from this diamond drilling program have been submitted to Activation Laboratories (Actlabs) in Fredericton, NB for Code 1D (INAA) analysis at their facility in Ancaster, Ontario.
Cache intends to develop a larger diamond drill plan for the remaining Welsford REE Properties after the extended trenching programs have been completed and the results have been analysed.
Cache Exploration has a focus on exploring for REE deposits. Cache is exploring the Welsford REE Properties in New Brunswick, the Cross Hills REE Property and Cross Hills Northern IOCG Property in Newfoundland, and the Nunavut REE Properties. The Company owns a 100% interest in Cache Minerals Inc. (“CMI”) through which it now controls the CMI Cross Hill REE Properties, the Stewart South Property in BC, the Quinn Eskay Property in BC, the GSM Property in BC, and the White Gold Properties in the Yukon. All of the Cache REE properties are considered to have excellent potential for rare earth element mineralization. The BC and Yukon properties provide a diversity of exposure to exploration potential for copper, silver, and gold.
Additional information is available at www.sedar.com and at www.cacheexploration.com or by contacting Cache at firstname.lastname@example.org or by phone at (416) 867-1101.
Neither The TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.