Clarification of certain disclosure statements in the July 17th Cascadero
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CASCADERO COPPER CORP
TSXV: CCD
July 20, 2017
Clarification of certain disclosure statements in the July 17th Cascadero
news release.
At the request of IIROC the Company wishes to clarify previous
disclosure disseminated in its July 17, 2017 news release:
SANTA ROSA
The Company wishes to clarify discl osure of gold, silver and lead rock
grab samples assay results at the Company’s Santa Rosa precious
and base metal mineralized system in Salta province, Argentina. This
phase of the exploration program included mapping, sampling and
identification of areas of alterati on that host the vein system. This
sampling has increased the density of mineralization in most of the
altered areas that host the vein s ystem over a 7-kilometre by 2.5
kilometre strike length
The alteration system identified ranges between 25m by 25m to 90m
by 325m. The average width of th e 13 alteration areas is 60m by
145m and the total surface areas of the 13 altered areas is 126,700
square metres. The program included district scale mapping and a total
of 275 rock grab samples were take n in addition to the 46 rock grab
samples the results of which were described in the Cascadero news
release dated June 13 th 2017. The samples are selected samples and
are not necessarily representative of the mineralization hosted on the
property. The average weight of t he samples was 1.07 kgs and ranged
between 0.4 kgs to 2.5 kgs. This phase has upgraded the results for
the prospect with the sample data base now including the following
information on the assays of the samples:
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The samples are selected samples and are not necessarily
representative of the mineralization hosted on the property.
Gold (Au)
The range of the assays is from 0.005 to 155.0 g/t.
Twenty two of the samples where over 10 g/t. The average weight of
the samples was 1.07 kgs and ranged between 0.40 kgs and 2.25 kgs.
Silver (Ag)
The range of assays is from 0.005 g/t to 1484 g/t.
The average weight of the samp les was 1.07 kgs and ranged between
0.40 kgs and 2.25 kgs.
Lead (Pb)
The range of assays is from 4.30 ppm to 542,400 ppm or 54.24% Pb.
The average weight of the samp les was 1.07 kgs and ranged between
0.40 kgs and 2.25 kgs. The over lim it lead samples were assayed by
Titration.
It is apparent that the assay distribution suggests the presence of
multiple vein zones that are expressed as a linear alignment of
intermittent outcrop within the alteration assemblages. The range of
the widths and strike length of the vein system is unknown.
The strongly anomalous gold, silver and lead assays returned from a
significant strike extent of the vein structures highlight Santa Rosa as
an important upgrade to an undrilled mineralized system.
Santa Rosa property is an ear ly stage exploration project on
which no mineral resource has been identified nor has the
economic viability or technical feasibility been established.
All samples were shipped to Bureau Veritas, Mendoza for preparation
and then airfreighted to Bureau Veri tas, Vancouver f or 51 element
MA250 ICP. The over limits for gold and silver where fire assayed with
an MA550 assay.
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The Company is not a related party to Bureau Veritas.
George Gale, P.Eng, has approved the technical c ontent of this news
release and its and is a Qualified Person under NI 43-101.
Bill McWilliam
Chairman
Cascadero Copper Corp
Office = 604-924-5504
Cell = 604-999-0391
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.”