The Company has received a first draft of the TARON PROJECT RESOURCE REPORT as prepared by BMW
CASCADERO COPPER CORPORATION (TSXV: CCD)
AUGUST 8th 2016
The Company has received a first draft of the TARON PROJECT RESOURCE REPORT as prepared by BMW Geoscience. The purpose of this report was to compile all the trench and drill hole data and to plot these data on one map. A total of 2,991 samples were assayed, consisting of 386 drill core samples from three of the seven drill holes on the property and 2,605 trench samples. This resulted in a coherent geological model that is being interpreted by the Company with the additional geological information provided by Cascadero geologists. Taron is an epithermal deposit and has some typical and expected epithermal characteristics, such as lateral and vertical variations in mineralization with several stages, or phases of deposition. No assay compositing, variography, or block modelling was performed in the report.
The geological model will enable to the Company to recognize these patterns more clearly and to establish a program of trenching to test the continuity of the mineralised zones. The Report recommends a pattern drilling of 21 core holes for a total of 2,100 metres in the area of drill holes TAR‐09‐04, 05, and 06. The material for the UBC Hydrometallurgical Study was from the “B” zone of TAR‐09‐05 and consisted of drill core from 28 metres to 40 metres down hole. A composite of this zone was prepared by Bureau Veritas in Vancouver and the head grade assayed ~4,700 ppm cesium prior to acid leaching.
The drill program targets and will test an area that could contain up to 20 million tonnes of mineralized material over 300 acres, which tests less than 1% of the surface area of the Taron showings. The proposed 2,100 metre drill program is also expected to enable the preparation of an inferred resource that will be NI 43‐101 compliant.
The BMW Report is not NI 43‐101 compliant. Its objective was to identify prospective areas of mineralized material for drilling and further surface work for additional metallurgy and comminution testing to enhance feed grade to the proposed chemical plant.
Due to weather conditions at this point in Argentina’s winter the drill program is scheduled for mid‐September 2016. During this period the Company will continue to source commodities and to study the logistics of supply and delivery of cesium products.
This news release and contained technical data were reviewed and approved by David Trueman Ph.D, P.Geol; the Qualified Person for the Company.
About Cesium
Cesium (chemical symbol Cs) is a rare metal best known for its extreme chemical reactivity and the chemical compound cesium hydroxide forms the start point of myriad end uses. Its principal use is as cesium formate (CsCHO2); a solution with a high density and low viscosity used to control formation pressures and temperatures in drilling of deep oil wells (HPHT). As a dense medium, cesium formate is used to separate DNA and in metallurgical testing and is also well known for artificially produced radioactive isotopes used to treat various types of cancer.
Cesium compounds and chemicals are used in photo‐emissive devices, experimental magneto‐hydrodynamic electricity generation, atomic clocks for telecommunications and GPS navigation systems, catalysts in plastic manufacturing, specialty glasses, ion propulsion rocket motors, high‐density alkaline batteries, coatings for solar cells, and petroleum refining.
Bill McWilliam CEO Cascadero Copper Corporation Email = [email protected] O = 604.924.5504 C = 604.999.0391
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