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Cache Trenching Reports Up To 8.954% Combined Weight Of Rare Earth Oxide (2.601% REO), Yttrium (1.788% Y2O3), Zirconium (3.725% ZrO2), And Niobium (0.839% Nb2O5) Across A Chip Sample Width Of 9.5 Centimetres
Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V: CAY), is very pleased to provide results from the Priority 1 trenching targets on the Welsford Outer REE Property in New Brunswick (see Figure 1). 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.
Figure 1 - Map of The Welsford REE Properties showing the location on the Welsford Outer REE Property of the Priority 1 trenching to the northeast of the Welsford Inner REE Property
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Figure 2 - Sketch of the Priority 1 trenching showing the sample locations
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Figure 3 - Annotated photograph showing the outline of the dyke in yellow and the location of the samples collected in red
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Figure 4 - Annotated photograph of a portion of the newly found dyke outlined in green that was sampled as ASJ-01A
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The trenching program on the Priority 1 target was conducted during July and August. The samples have reported significant rare earth element (REE), yttrium, and niobium concentrations as listed in the attached Table 1. The trenching program was initiated commencing on the area surrounding an identified anomaly which yielded up to 46,000 Counts Per Second (CPS) of radiometric readings and had returned a sample with over a 5% combined weight of Y2O3+ ZrO2+ Nb2O5+REO as described in a May 28, 2012 news release. Exposure of this site confirmed that the anomaly is in fact from a dyke that is continuous over a length of 80 centimetres and varies in width from 9.5 centimetres to approximately 20 centimetres (see Figure 3). A sample taken across the 9.5 centimetre width of this dyke reported the highest trench results with 2.601 wt% Rare Earth Oxides (REO) of which 0.825 wt% are Heavy REO (HREO), 1.788 wt% Yttrium (Y2O3 ), 3.725 wt% Zirconium (ZrO2 ), and 0.839 wt% Niobium (Nb2O5 ).
Table 1 - Summary of the Priority 1 Trench sample results
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The trenches were then expanded which exposed a second dyke about 100 metres to the east-southeast of the Priority 1 location. This newly discovered dyke gave radiometric readings of up to 44,000 CPS. It varies in width from 2.5 centimetres to 7.0 centimetres, and was traced discontinuously over a length of 2.2 metres (see Figure 4). The best sample from this dyke (ASJ-01A) which was taken over a 0.50 metre continuous length of the dyke, and across it's width over that length, reported 1.354 wt% REO of which 0.389 wt% are HREO, 0.953 wt% Yttrium (Y2O3), 2.042 wt% Zirconium (ZrO2 ), and 0.085 wt% Niobium (Nb2O5 ).
Additional samples were collected from localized radiometric anomalies that consisted of the same fine-grained, maroon coloured phase as the dykes, but found in forms of narrow discontinuous dykelets infilling zones of dilation. The best result from these samples was from ASJ-09 which was taken across the 4 centimetre width and 7 centimetre length of the largest zone of dilation observed, which reported 1.354 wt% REO of which 0.565 wt% are HREO, 1.203 wt% Yttrium (Y2O3), 4.428 wt% Zirconium (ZrO2 ), and 0.645 wt% Niobium (Nb2O5 ).
The Trenching Program was successful in identifying two highly REE-Y-Nb enriched dykes, and numerous mineralized dykelets occurring over much of the area exposed by the trenching program. The dykes and dykelets are interpreted as originating from a mineralized cupola at depth which has the potential to be the source of the Y-Nb-REE-enriched mineralization in the area.
The primary aim of the expanded trenching program was to fully expose the area of the potential dyke(s)/sill/cupola in order to thoroughly map and rock sample the area. The results of the trenching program will be utilized to assess priority diamond drill targets and to formulate an optimal drill plan. The company will also continue prospecting and sampling other areas on the Welsford REE properties, specifically areas that have shown REE and/or radiometric soil anomalies from prior exploration efforts.
Dr. David Lentz, P.Geo., Qualified Person, and Chairman of the Technical Committee emphasises: "With my extensive knowledge of REE deposits worldwide, I feel that this area continues to present Cache with excellent potential for making a significant new discovery. In addition to the growing potential being seen from the results of the expanded trenching program, the excellent logistics and infrastructure that exist near the Welsford REE Properties including power lines crossing the property and proximity to paved highways and to the port of Saint John makes the prospects for the Welsford REE Properties extremely exciting."
Cache has in place agreements with all landowners that were affected by this expanded trenching program or that were required for access and right of way. Cache also filed for and received the approval to proceed from the New Brunswick Department of Natural Resources.
The samples reported were analysed by Activation Laboratories Inc. (Actlabs) Code 8 - REE Assay Package (ICP and ICP/MS) at their facility in Ancaster, Ontario. A Certified Standard Reference Material was submitted with the samples for quality control purposes, and its results are considered satisfactory for reporting.
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 adjacent to Cache's Cross Hills Properties, the Quinn Eskay 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 email@example.com or by phone at (416) 867-1101.
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