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Cascada Options Mina Guanaca Copper Property; Historical Drill Results Include 82 m Grading 0.91% Copper
Historical Drill Results Include 82 m Grading 0.91% Copper Toronto, Ontario--(Newsfile Corp. - June 8, 2023) - Cascada Silver Corp. (CSE: CSS) ("Cascada") is pl
About this update from Aterra Metals Inc.
[{"type":"text","content":" Historical Drill Results Include 82 m Grading 0.91% Copper Toronto, Ontario--(Newsfile Corp. - June 8, 2023) - Cascada Silver Corp. (CSE: CSS) (\"Cascada\") is pleased to report that it has signed a binding agreement to enter into an option to acquire a 100% interest in the 250-hectare Mina Guanaca Copper Property (\"Guanana Project\") located 110 kilometres northeast of the City of Copiapó, Region III, Chile (Figure 1) at elevations below 3,000 metres. The Guanaca Project is currently the focus of small-scale open pit mining of copper oxide mineralization. Significant molybdenum along with gold and silver mineralization is associated with the copper mineralization. \"We very pleased to have entered into an agreement to acquire the high-quality Mina Guanaca Copper Property,\" said Carl Hansen, Cascada's CEO. \"The Guanaca Project has been the focus of only minor exploration and those activities have been focused on the near surface high grade copper oxide mineralization which has been intermittently mined over the past years. Clearly outlined drilling targets have been identified not only to depth beneath the area of current mining activities but also below the overburden gravels which cover the majority of the property. The Guanaca Project, which is easily accessible, is drill ready.\" The copper mineralization at the Guanaca Project is associated with a brecciated tonalite located along the contact between a volcano-sedimentary sequence to the south and granitic intrusives to the north. A series of intersecting faults, centred on the area of the open pit, are interpreted as being the conduit for the mineralizing fluids. At surface, mineralization is dominated by copper oxides, including malachite and azurite, which have formed along factures and within the breccia matrix. At depth, chalcopyrite and bornite are reported. Historically, a narrow ramp and small shaft accessed the mineralized breccia to a depth of approximately 60 metres: neither are currently safely accessible. Three short programs have been reported on the property for a total of 1,550 metres of drilling: 573 metres in five diamond drill holes (1994, Empresa Nacional de Mineria (\"ENAMI\")); 10 underground diamond drill holes for 536 metres (1995, C.M. San Andrés - limited information available) and 441 metres of reverse circulation drilling in 6 holes completed...