Cascada Silver announces drilling results for the Agua Amarga project
Toronto, Ontario – (Newsfile Corp. – July 21, 2021) – Cascada Silver Corp. (CSE: CSS) (“Cascade“) reports that the 710 meter Agua Amarga reverse circulation drilling program returned high zinc assay results, including 3.4% zinc over 2 meters in drill hole RCAA-03, but failed returned no significant silver results. Drill hole RCAA-03 (see Figure 1) cut the targeted mineralized structure to a depth of 120 meters, however, the system had grown from historically mined silver mineralization near the surface has base metal (zinc) mineralization at depth.
“These results are extremely disappointing as we had targeted the extension of silver mineralization under the historic silver mining areas,” said Carl Hansen, CEO of Cascada. “While the zoning of predominantly base metal precious metal lode systems is not uncommon, it is unusual and unexpected for this transition to occur over such a short vertical distance. We will re-evaluate our exploration model against silver and examine the potential metallic base of Agua Amarga given the presence of historic lead and zinc mines on the property. In the meantime, given our strong balance sheet with approximately $ 2.0 million in cash, Cascada geologists will continue their reviews of the Chilean and Peruvian opportunities that have been submitted to us for review. “
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 person registered for Reserves and Resources No. 51, Chile and is also registered at the Colegio de Geólogos de Chile under No. 315.
About Cascada Silver Corp.
Cascada is a mining exploration company focused on silver and gold exploration in Latin America with four properties under option in Chile. Cascada’s team of exploration professionals are dedicated to discovering mineral deposits that can be transformed into economically viable development projects that create value for all stakeholders.
On behalf of Cascada Silver Corp.,
Carl Hansen, CEO
Mars Investor Relations
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This press release contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to: plans to evaluate exploration properties; the success of evaluation plans; the success of exploration activities; prospects for mining development; and the potential for future metal 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”, “continuing”, “planned” , “Estimates”, “anticipates”, “intends”, “potential”, “anticipates”, “does not anticipate”, or describes an “objective”, or a variation of these words and phrases or states that certain actions, events or results “may”, “could”, “would”, “could” or “be” be taken, occur or be achieved.
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