Cascada Silver Announces Agua Amarga Project Drilling Results
Toronto, July 21, 2021 - Cascada Silver Corp. (CSE: CSS) ("Cascada") announces that the 710 metre, Agua Amarga reverse circulation drilling program returned elevated zinc assay results including 3.4% zinc over 2 metres in drill hole RCAA-03 but returned no significant silver results. Drill hole RCAA-03 (see Figure 1) cut the targeted mineralized structure at a depth of 120 metres, however, the system had transitioned from the near surface, historically mined silver mineralization to base metal mineralization (zinc) at depth.
"These results are extremely disappointing as we had targeted the extension of silver mineralization below the areas of historical silver mining", said Carl Hansen, Cascada's CEO. "While the zonation of vein systems from precious metal dominated to base metal dominated is not uncommon, for that transition to occur over such a relatively short vertical distance is unusual and unexpected. We will revaluate our exploration model with respect to silver and review the base metal potential of Agua Amarga considering the presence of historical lead zinc mines on the property. In the meantime, considering our strong balance sheet with approximately $2.0 million in cash, Cascada's geologists will continue with their examinations of Chilean and Peruvian opportunities submitted to us for review."
To view an enhanced version of Figure 1, please visit:
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 Registered Person for Reserves and Resources N° 51, in Chile and is also registered in the Colegio de Geólogos de Chile under N° 315.
About Cascada Silver Corp.
Cascada is a mineral exploration company focused on silver and gold exploration in Latin America with four properties under option in Chile. Cascada's team of successful exploration professionals are dedicated to the discovery of mineral deposits that can be progressed into economically viable development projects creating value for all stakeholders.
On behalf of Cascada Silver Corp.,
Carl Hansen, CEO
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This news release contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to: plans for the evaluation of exploration properties; the success of evaluation plans; the success of exploration activities; mine development prospects; and, potential for future metals 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", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
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