Cache Receives Encouraging Results From White Gold Properties
(via Thenewswire.ca)
TORONTO, CANADA - October 4, 2011 - Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V:CAY) is pleased to announce that results have been received from the initial sampling and exploration program on Cache's Yukon White Gold Properties acquired in June 2011 (news release June 20, 2011). Dr. David Lentz, P.Geo., is a Qualified Person as described in National Instrument 43-101 and is responsible for the technical information contained in this news release.
Cache Exploration Inc. owns a 100% interest in the two White Gold Properties, the Northwest and the Southeast White Gold properties, which consist of 90 claims within the White Gold District of the Yukon Territory. The area is host to significant exploration activity since the discovery of the Golden Saddle Zone by Underworld Resources in 2009. (see Underworld Resources Inc. January 19, 2010 news release of a NI43-101 compliant resource which includes 9,797,000 tonnes indicated at 3.2 g/t Au for 1,004,570 indicated ounces, with an additional 5,022,000 tonnes inferred at 2.5 g/t Au for 407,413 inferred ounces). The White Gold Properties are located approximately 15 km west-southwest of the Golden Saddle Zone in similar geological units.
Cache has received encouraging results from their soil and stream and seep sediment sampling completed in the White River Gold District. The samples were prepared by Activation Laboratories Ltd. in Stewart, BC and forwarded by Activation to their Ancaster, Ontario facility for Instrumental Neutron Activation Analysis (INAA). Standard till samples were included as part of our Quality Assurance / Quality Control (QA/QC) program. Anomalous gold values ranging between 30 and 50 ppb in three soil and seep sediment samples taken over a length of 400 m were obtained on the Southeast White Gold Property. There were also two other samples with values greater than 10 ppb along these ridges. This ridge contour sampling compliments the anomalous gold found along the other ridges on this property found in a previous 2010 survey by Rockbridge Minerals Inc., the predecessor company to Cache Minerals Inc., in which four samples yielded between 10 and 26 ppb Au.
Anomalous arsenic (As) values in soil and seep/stream sediment sampling have been obtained in the southwestern portion of the Northwest White Gold Property. Five samples have yielded values greater than 20 ppm As including one sample with 110 ppm As; even though only one steam sediment sample with elevated Au (10 ppb) was encountered; gold mineralization at the nearby Arc Zone has been described to occur with other sulphides including arsenopyrite. The Arc Zone is one of the zones discovered by Underworld Resources in 2009 (see Underworld Resources Inc. January 19, 2010 news release of a NI43-101 compliant resource which includes 4,369,000 tonnes inferred at 1.2 g/t Au for 170,470 inferred ounces).
Cache Exploration is a well funded exploration company with a focus on exploring for REE deposits. Cache is exploring the Welsford REE Properties in New Brunswick, the Cross Hills REE Property and Cross Hills Northern IOCG Property in Newfoundland, the Louil Hills REE Property in Newfoundland, and the Nunavut REE Properties. The Company recently acquired a 100% interest in Cache Minerals Inc. (“CMI“) (formerly Rockbridge Minerals Inc.) through which it now controls the CMI Cross Hill REE Properties adjacent to Cache's Cross Hills Properties, the 3,360 acre Stewart South Property in BC, the 4,349 acre Quinn Eskay Property in BC, the 719 acre GSM Property in BC, and the 4,680 acre White Gold Properties in the Yukon. All of the Cache REE properties are considered to have excellent potential for rare earth element mineralization. The BC and Yukon properties provide a diversity of exposure to exploration potential for copper, silver, and gold.
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 email us at info@cacheexploration.com or call us at (416)867-1101.
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