EXPLORATION UPDATE TARON – SARITA ESTE – SANTA ROSA TARON The current Taron metallurgical experiment at UBC has produced promising results. It seems that eight (8) hours of leaching or longer is needed for a high Cs extraction. In addition, ~95% of Cs was precipitated as Cs alum with the
1
OCTOBER 11th 2017
TSXV: CCD
EXPLORATION UPDATE
TARON – SARITA ESTE – SANTA ROSA
TARON
The current Taron metallurgical experiment at UBC has produced promising results. It seems that eight (8) hours of
leaching or longer is needed for a high Cs extraction. In addition, ~95% of Cs was precipitated as Cs alum with the
addition of aluminum sulfate hydrate. The Company is not in position to disclose further data at this time as the
results are a significantly better than the previous metallurgical experiment and the change is not fully understood.
A new set of UBC leach tests will proceed.
The Company has reviewed the results from the 35 drill holes and the 10 drill holes with the highest grade Cs is
planning an infill drill program around each of these higher grade holes with four (4) vertical reverse circulation
drill holes (40 drill holes) at 75 metres depth totaling 3,000 metres. The objectives are to add additional tonnage to
the showing and increase the overall grade. In addition the Company will in early February dispatch a prospecting
crew and a possible ground magnetic survey to the east of Taron. There is evidence based on a property MMI
geochem program that traversed the property in 2012 that the cesium mineralization is preset to the east to the
Cambrian contact. This area is believed to be the location of the fault system that served as the conduit for the
cesium mineralised epithermal fluids to surface permitting the fluids to flood and reside in the porous sediments
that host the deposit. Drilling is scheduled for February 2018.
SARITA ESTE – DESIERTO II
The Sarita Este property borders Taca Taca to the west and Desierto II to the south. First Quantum (FM) holds title
to Taca Taca which is a medium size Cu‐ Au‐Mo porphyry system. The indicated resource is 1.612 billion tonnes.
Mill feed should exceed 0.77% CuEq over the first 8 years.
As is widely known porphyry systems commonly occur in clusters. We believe Sarita Este and Desierto I and II have
the basic alteration assemblages, elements and size to host one or more Cu‐Au porphyry systems. We are
particularly excited by Sarita Este as it adjoins Taca Taca’s western border, and it hosts very high gold grade values
on surface. (See MAP ONE).
A rock geochemistry study Mark Fedikow Ph.D, in 2012 had the following observation and conclusions:
OBSERVATIONS AND CONCLUSIONS
There is overwhelming evidence in terms of patterns of variation for most elements analyzed in this survey to
support the scenario of a buried zone of base metal mineralization in the southern survey area. Re‐constructing
this environment in light of the rock geochemical results however is somewhat difficult given that all elements
from all six alteration facies subdivisions are enriched within the same approximate 3 km by 2 km area of the
2
southern property. This area is bounded on the north by UTM northing 7283000 and by eastings 262500 to
262700.
Not all elements are enriched in the same samples and in many ways this is definitive of “zonation”. However,
there is some difficulty with this model based on the consistent enrichments of most elements analyzed for this
survey. The development of more or less concentric zones of mineralization‐related alteration including their
characteristic alteration mineral assemblages (sulphides, silicates, oxides, etc) around porphyry systems is well
documented. Each of these alteration facies is developed at progressively greater distances from the mineralized
zone. To see enrichments of the kind displayed by the TTM data would indicate that different levels of the
concentric alteration haloes the system must have been exposed by erosion at surface in order to be sampled.
An alternate explanation could be invoked whereby the system has been rotated and eroded in such a manner
so as to expose multiple alteration facies in surface outcrop.
Regardless of the exact geological setting and attitude of the mineralized zone and attendant alteration facies
the geochemical patterns depicted in this survey indicate the following:
1. There is a multi‐element anomaly developed over an approximate 3 km x 2 km area in the southern
portion of the TTM (Sarita Este) property. Metal zonation is present within this 6 km2 zone.
2. This anomaly is best explained by a buried base metal mineralized zone.
3. The anomalous responses would necessarily be from rock samples collected from hanging wall rocks to
this mineralization or to the roof pendant to a porphyry system.
4. The irregular outcrop sampling pattern makes interpretation uncertain but not impossible.
5. Based on copper responses the possibility exists that there are two buried base metal mineralized zones
on the property.
Mark Fedikow
SARITA ESTE (Con’t)
In 2006, the Company reported the assay results from 35 samples collected by CCD in 2006. 16 of the samples
were greater than or were above 1.0 g/tn.
As published in a Cascadero news release dated August 13th 2012, 63 samples were taken from the same area but
included the results for sub crop and two (2) high‐sulphidation vertical zones in a trench.
This produced 11 samples that were greater than 10.0 g/tn; 10 samples that assayed greater than 30.0 g/tn; and 3
of those assayed over 100 g/tn and the highest single assay was 162.6 g/tn. These spectacular results were
essentially ignored by the market. Historic exploration is all in the name of CCD. There have been three geochem
surveys, 2006, 2012 and 2017. No drill holes or widespread trenching and no geophysical surveys. on his property
to date and CCD acquired to prospect in 2005. A detailed mapping program was completed in 2017 and is
available on the CCD website. www.Cascadero.com The 2017 program consists of property scale geochem and
detailed mapping of the quartz‐pyrite‐gold‐silver‐copper veins and vein arrays to attain a an orientation that will
focus the proposed 2,000 metre trenching program prior to locating drill holes. The program is expected to
generate ~2,000 rock chip, rock grab and heavy mineral sieved samples for assay. The program is
expected to take four weeks to complete.
3
SANTA ROSA
The program is scheduled to take five (5) weeks and generate ~2,000 samples. The objective is to use an excavator
to strip the shallow overburden across selected alteration zones. This will provide data on the continuity of the
mineral rich sulphide vein system that is present on the property over a strike length of seven (7) kilometres. A
portable rock saw will be used to properly cut samples across the vein system. Samples will be collected for first
stage mineralogy and metallurgy and mapping the vein system is a priority. Santa Rosa was acquired by CCD in
2006. There are no drill holes in the vein system and no mechanised trenching. A geophysical program was
conducted in 1995 but is not available for review.
R. Simpson, P. Geo, of GeoSim Services Inc. was the independent Qualified Person (QP) for the Taron
Project.
George Gale Ph.D. has read and approved this news release and is the independent Qualified Person (QP) for the
Sarita Este and Santa Rosa Projects.
Bill McWilliam
Chairman
Email: [email protected]
Office: 604.924.5504
Cell: 604.999.0391
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.