Cache Reports Positive Molybdenum Results From Drilling at the Welsford Inner Property
August 08 2013 - 10:26AM
Access Wire
TORONTO, CANADA - August 8, 2013 - Mr. George
A. Brown, President and CEO of Cache Exploration Inc. (TSX-V:CAY),
is pleased to announce the positive molybdenum results from the
recently completed drilling program at the Welsford Inner Property
in southern New Brunswick (see Figure 1). This drilling program has
been approved for a grant of up to $35,000 under the New Brunswick
Junior Mining Assistance Program which represents 50% of the first
$70,000 of eligible costs incurred in the drilling program (see
June 6, 2013 news release). Dr. David Lentz, P.Geo., is a Qualified
Person as described in National Instrument 43-101 and is
responsible for any technical information contained in this news
release.
The
diamond drilling program, as carried out by Vic Progressive Diamond
Drilling Inc. of Sussex, New Brunswick, consisted of a single 182
metre drill hole (see Figure 2). It was drilled towards a 255
degree azimuth and inclined 45 degrees and it encountered visible
molybdenite in fractures and veins throughout much of the hole (see
July 2, 2013 News Release with photos). Sampling and analyses have
confirmed the presence of widespread lower-grade mineralization,
including numerous zones of enrichment.
All samples were
submitted to Activation Laboratories in Fredericton, New Brunswick
for sample preparation, followed by analysis at their Ancaster,
Ontario facility for Code-1H instrumental neutron activation
analysis (INAA) and aqua regia ICP.
Overall, mineralization in drill hole
WI-13-09 consisted of 103.5 metres containing 0.013% Mo from 49.5
metres to 153.0 metres. Within this zone, enriched zones were also
noted, including:
4.0 metres containing 0.035% Mo from
49.5 metres to 53.5 metres
10.0 metres containing 0.019% Mo from
89.0 metres to 99.0 metres
15.5 metres containing 0.036% Mo from
110.0 metres to 125.5 metres
9.0 metres containing 0.039% Mo from
144.0 metres to 153.0 metres
Detailed sampling highlights are shown
in attached Table 1 and a simplified graphical representation of
the drill hole cross section showing mineralized zones is included
as attached Figure 3.
Throughout this 103.5 metre zone, molybdenite
mineralization is primarily observed filling fractures and as
fracture coatings, with only minor stockwork veining, which
indicates a strong potential for a primary source of stockwork
mineralization at depth. When compared with the results of the 2012
drill hole, DDH-WI-12-08, which was drilled with an azimuth
opposite to DDH-WI-13-09, the mineralization in the 2013 drill hole
appears to be of lower grade but much more widespread. Based on the
overall thickness of mineralization presently open to the north, to
the south, and at depth, the company is encouraged by these results
and will be reviewing plans for potential follow-up
drilling.
Cache's property portfolio includes the Welsford Inner Property in
New Brunswick, the Cross Hills IOCG Property and the CMI Cross
Hills Property in Newfoundland, the Quinn Eskay Property in BC, the
White Gold Properties in the Yukon, and the six Nunavut Prospecting
Permits.
Additional information is available under the
company's profile at www.sedar.com and on the Cache website at www.cacheexploration.com
For additional information please contact
info@cacheexploration.com
Neither The TSX
Venture Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.
Figure 1 - Location of the Welsford Inner
Property in southern New Brunswick
![](http://www.thenewswire.ca/client_files/tnwzKDEwC_.jpg)
Click image to see full size.
Figure 2 -
Welsford Inner Property location of soil anomalies, 2012 drill
hole, and 2013 drill hole
![](http://www.thenewswire.ca/client_files/tnw91jk5Z_.jpg)
Click image to see full size.
Table 1 - Molybdenum mineralization in
DDH-WI-13-09.
--------------------------------------
|From (m)|To (m)|Thickness (m)|Mo (%)|
|------------------------------------|
|49.5 |153.0 |103.5 |0.013 |
--------------------------------------
-------------------------------------------------------------------
|Including| | | | | | | | |
|-----------------------------------------------------------------|
|From (m) |To (m)|Thickness|Mo (%)| |From |To (m)|Thickness|Mo (%)|
| | |(m) | | |(m) | |(m) | |
|-----------------------------------------------------------------|
|49.5 |50.5 |1.0 |0.023 | |110.0|111.0 |1.0 |0.015 |
|-----------------------------------------------------------------|
|50.5 |51.5 |1.0 |0.075 | |111.0|112.0 |1.0 |0.003 |
|-----------------------------------------------------------------|
|51.5 |52.5 |1.0 |0.028 | |112.0|113.0 |1.0 |0.002 |
|-----------------------------------------------------------------|
|52.5 |53.5 |1.0 |0.013 | |113.0|114.0 |1.0 |0.013 |
|-----------------------------------------------------------------|
| | |4.0 |0.035 | |114.0|115.0 |1.0 |0.071 |
|-----------------------------------------------------------------|
| | | | | |115.0|116.5 |1.45 |0.036 |
|-----------------------------------------------------------------|
|89.0 |90.0 |1.0 |0.011 | |116.5|117.4 |0.9 |0.005 |
|-----------------------------------------------------------------|
|90.0 |91.0 |1.0 |0.036 | |117.4|119.0 |1.65 |0.068 |
|-----------------------------------------------------------------|
|91.0 |92.4 |1.4 |0.030 | |119.0|120.4 |1.35 |0.103 |
|-----------------------------------------------------------------|
|92.4 |93.4 |1.0 |0.005 | |120.4|121.2 |0.8 |0.002 |
|-----------------------------------------------------------------|
|93.4 |94.0 |0.6 |0.007 | |121.2|122.7 |1.55 |0.027 |
|-----------------------------------------------------------------|
|94.0 |95.0 |1.0 |0.013 | |122.7|124.0 |1.3 |0.061 |
|-----------------------------------------------------------------|
|95.0 |96.0 |1.0 |0.030 | |124.0|125.5 |1.5 |0.013 |
|-----------------------------------------------------------------|
|96.0 |97.0 |1.0 |0.032 | | | |15.5 |0.036 |
|-----------------------------------------------------------------|
|97.0 |98.0 |1.0 |0.007 | | | | | |
|-----------------------------------------------------------------|
|98.0 |99.0 |1.0 |0.010 | |144.0|145.0 |1.0 |0.165 |
|-----------------------------------------------------------------|
| | |10.0 |0.019 | |145.0|146.0 |1.0 |0.004 |
|-----------------------------------------------------------------|
| | | | | |146.0|147.0 |1.0 |0.001 |
|-----------------------------------------------------------------|
| | | | | |147.0|148.0 |1.0 |0.001 |
|-----------------------------------------------------------------|
| | | | | |148.0|149.0 |1.0 |0.067 |
|-----------------------------------------------------------------|
| | | | | |149.0|150.0 |1.0 |0.036 |
|-----------------------------------------------------------------|
| | | | | |150.0|151.0 |1.0 |0.001 |
|-----------------------------------------------------------------|
| | | | | |151.0|153.0 |2.0 |0.040 |
|-----------------------------------------------------------------|
| | | | | | | |9.0 |0.039 |
-------------------------------------------------------------------
Figure 3 - Cross
section showing molybdenum mineralization in DDH-WI-13-09 and
DDH-WI-12-08
![](http://www.thenewswire.ca/client_files/tnwWgc5Do_.jpg)
Click image to see full size.
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