Cascada Angie Property Drilling Program Identifies Classic Porphyry Alteration and Associated Mineralization
Cascada Silver Corp., 401 Bay Street, Suite 2702, Toronto, Ontario, M5H 2Y4
Cascada Angie Property Drilling Program Identifies
Classic Porphyry Alteration and Associated Mineralization
Toronto, Ontario, October 10, 2024 - Cascada Silver Corp. (CSE:CSS) ("Cascada") is
pleased to announce the completion of its Phase I drill program at the Angie Copper
Molybdenum Property (“Angie”) located in Region III, Chile 85 kilometres east southeast of
the City of Copiapo. The reverse circulation (“RC”) drill program was successful in confirming
the presence of a mineralized porphyry system with characteristic alteration assemblages
and sulphide mineral zonation (see Figure 1).
Two RC holes were drilled with neither reaching their targeted depth of 300 metres due to
significant water inflow negatively impacting the collection and sampling of RC chips. Drill
hole AAS-01 and AAS-02 were drilled to depths of 210 metres and 176 metres, respectively.
Despite not reaching the target depths, the drilling confirmed the presence of classic copper
porphyry alteration from propylitic to potassic along with a zonation of sulphide mineralization,
from a halo of molybdenite through to chalcopyrite, pyrite and bornite associated with potassic
alteration.
Throughout the top 100 metres of each drill hole, molybdenite mineralization was observed
locally occurring as fracture fillings and disseminations within quartz veinlets cutting dacitic
and granodioritic to dioritic intrusions. F urther, m olybdenite was observed in the fines being
washed out of the drill hole (see Figure 2). Chalcopyrite and pyrite were observed in both
drill holes below 100 metres downhole with the chalcopyrite to pyrite ratio increasing to depth.
The last 4 meters of AAS-02 displayed strong potassic alteration with up to 30% hydrothermal
biotite developed within a granodiorite with fine to medium -grained chalcopyrite, pyrite and
bornite.
“We are very excited with what we have seen from the Angie drill program despite being
unable to drill to our target depth,” said Cascada’s CEO, Carl Hansen. “The visual evidence
confirms our theory that a mineralized porphyry system underlies the 1 .0 by 1.5 kilometre
molybdenum geochemical anomaly at Angie with alteration intensity and sulphide
mineralization increasing to depth. Assays are anticipated towards the end of November.
Future drilling at Angie will necessitate the use of a diamond drill rig in order to maintain
sample integrity due to the amount of water encountered.
Cautionary Note: While visible copper and molybdenum bearing sulphide mineralization has been
observed in RC drill chips from the Phase I Angie program, there can be no assurance that
economically viable grades are present. Assaying is necessary to determine the grades of the
samples collected.
For further details on the Angie Property, please review Cascada’s February 15, 2023 press
release.
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NI 43-101 Technical Disclosure
The Qualified Person, as defined by National Instrument 43-101 of the Canadian Securities
Administrators, for Cascada’s exploration activities in Chile is Sergio Diaz, a resident of
Santiago, Chile. Mr. Diaz is a Public Registered Person for Reserves and Resources N° 51,
in Chile and is also registered in the Colegio de Geólogos de Chile under N° 315.
About Cascada Silver Corp.
Cascada is a mineral exploration company focused on exploration opportunities in
Chile. Cascada’s team of successful exploration professionals are dedicated to the discovery
of mineral deposits that can be progressed into economically viable development pr ojects
creating value for all stakeholders.
On behalf of Cascada Silver Corp.,
Carl Hansen, CEO
Phone: 416-907-9969
For additional information, please contact us at: [email protected]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward- looking statements, including predictions, projections and forecasts.
Forward-looking statements include, but are not limited to: plans for the evaluation of exploration properties;
the success of evaluation plans; the success of exploration activities; mine development prospects; and,
potential for future metals production. Often, but not always, forward- looking statements can be identified
by the use of words such as "plans", "planning", "expects" or "does not expect", "continues", "scheduled",
"estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or describes a "goal", or
variation of such words and phrases or state that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and
other factors which may cause the actual results, performance or achievements to be materially different
from any future results, prediction, projection, forecast, performance or achievements expressed or implied
by the forward-looking statements. Such factors include, among others: changes in economic parameters
and assumptions; all aspects related to the timing of exploration activities and receipt of exploration results;
the interpretation and actual results of current exploration activities; changes in project parameters as plans
continue to be refined; the results of regulatory and permitting processes; future metals price; possible
variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; labour
disputes and other risks of the mining industry; the results of economic and technical studies; delays in
obtaining governmental approvals or financing or in the completion of exploration; as well as those factors
disclosed in Cascada's publicly filed documents.
Although Cascada has attempted to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward- looking statements, there may be other factors
that cause actions, events or results not to be as anticipated, estimated or intended. There can be no
assurance that forward- looking statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers shou ld not place
undue reliance on forward-looking statements.
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or
accepts responsibility for the adequacy or accuracy of the content of this news release.
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Figure 1. A Comparison of Angie Mineralogy to the Alteration Assemblages and Sulphide
Mineralization from a Classic Porphyry Copper System.
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Figure 2. Angie Project - Molybdenite (blue grey) Washed from the RC Drill Rig (AAS-01)