VANCOUVER, BC, Feb. 9, 2021
/CNW/ - Cache Exploration Inc. (the "Company" or
"Cache"), (TSXV: CAY) (US Pinksheet: CEXPF), announces
that it has engaged Discovery Mining Services to commence with
setting up camp and winter runway at Kiyuk Lake Gold Project to
prepare for Cache Exploration's 4,000m plus drill program commencing in early
March 2021.
Since 1992, Discovery Mining Services has become the industry's
most trusted provider of remote exploration camps. Discovery Mining
Services has expertise in expediting, logistical support,
environmental clean-up support, equipment rentals, and dangerous
goods documentation and packaging expertise for small to large
projects, camps of 2 to 200, grassroots programs to advanced
exploration.
Jack Bal, CEO of Cache
Exploration Inc. States "Cache Exploration is very happy to
commence the work program at Kiyuk Lake. Discovery Mining Service
is a premier operator in northern Canada and will setup and operate our camp
during the drill program.
About Cache Exploration
Cache is a gold focused Company that holds and operates the Kiyuk
Lake Property which covers 590km2 in SW Nunavut: the
project features a number of gold bearing prospects including 2017
identification of 8m of 26.4 g/t gold at the Rusty Zone
and extensive mineralization at East Gold Point with 64
m at 1.5 g/t gold and 10 m at 6.5 g/t gold.
Extensive surficial float evidence indicates a series of
high-interest gold systems
(see http://cacheexploration.com/CAY-NR-10-26-17 to view
plan maps of Rusty Zone and East Gold Point, section showing select
KI17-004 and -005 drill results and Maps of rock and till sampling
results.
Drilling has discovered multiple gold intercepts over 1 g/t Au
in five discrete mineralized zones Rusty, Gold Point, East Gold
Point, Cobalt and Amundsen. Significant expansion possible with
five new target areas identified and ready for drilling.
Exploration at Kiyuk Lake takes place in winter-spring (February –
May) and summer-fall (June-October).
Qualified Persons Chris Pennimpede, P. Geo., is a Qualified
Person as defined by National Instrument 43-101, has reviewed and
verified the technical mining information provided in this
release.
On behalf of the Board of Directors,
"Jack Bal"
Chief Executive Officer
Tel.: 1-604-306-5285
jackbalyvr@gmail.com
Neither 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.
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SOURCE Cache Exploration Inc.