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Vancouver, British Columbia, Canada - October 14, 2011 - Pacific Cascade Minerals Inc. (the "Company") has completed planning and begun the Phase 1 work program for the El Centenario Project located in northern Durango State, Mexico.
LIDAR Survey
A LIDAR airborne survey is contracted and scheduled to be completed by the 3rd week of October. This detailed topographic data and the lineament interpretation and fracture analysis work that has already been done by Arcelia Gold will then be processed and used to do a more detailed analysis of the known mineralized structures, better defining their extensions and geometry, and also used to identify and delineate additional mineralized areas to review and evaluate.
Community Permits
The permitting process is underway for road remediation and upgrades, establishment of a base camp, surface mapping and sampling and drilling programs for both the La Esperanza and Santa Margarita prospects. Agreements with the two communities and one private landholder in the work areas have been reached and these will be submitted to the appropriate Government ministries. The Company anticipates approval by the end of October.
Environmental Permit
As specified by the NORMA-120 of the Mexican Mining Environmental Code drilling from the existing roads on the La Esperanza prospect does not require an environmental impact study. However, to facilitate further step-out drilling on the La Esperanza prospect and for proposed work on the Santa Margarita prospect, the Company has retained Servicios Tecnicos Associados del Noroeste S.R.L. de C.V. to undertake an environmental impact study on the whole of the El Centenario property. The study, including field visits, data compilation, report writing and government approvals is scheduled to be completed by the end of November. This environmental impact report, accompanied by original copies of the community permits is then presented to SEMARNAT (the Mexican Environmental Agency) for final approval.
Surface mapping and sampling
Additional detailed surface mapping and channel-cut rock sampling will be completed along the La Esperanza prospect covering an area of approximately 2500 meters by 500 meters centered along the structure. Several, 100-meter spaced, 500 meter long, transversal, NW-trending soil lines will also be completed at the NE and SW end of the La Esperanza structure. This geochemical survey and the mapping will help define and delineate the main mineralized structure's extensions at both ends, and the existence of secondary mineralized sub-parallel structures that could exist in the area. The same type of work and coverage, including mapping and surface sampling, will also be conducted at the Santa Margarita prospect once the road access is completed and concurrent with the Phase 1 drilling program at the La Esperanza prospect.
Drilling Program
Upon completion of Community Permitting the Company anticipates the drill equipment to arrive on the La Esperanza site by mid November. The Company's technical team has identified 6 suitable drill-pads, spaced 50 to 100 meters apart on existing roadways with the ability to drill multiple holes from each site. The Company anticipates the first 8 of 12 holes planned for Phase one on the La Esperanza prospect will be completed by the time work will cease for Christmas break on December 15th. The Phase 1 drilling program for the Santa Margerita prospect is scheduled to begin immediately upon return from Christmas break.
About the Project
The El Centenario project is situated 15km southwest of the La Cienga mine (owned by Fresnillo PLC) a structurally controlled gold-silver-lead-zinc mineral deposit that has been in production since early 1999. The La Cienga mine has produced more than 2M oz of gold and 50M oz of silver. Additionally, the world-class Metates deposit (16M oz gold equivalent owned by Chesapeake Gold Corporation TSX-V: CKG) is located 10 km south-southeast of the El Centenario project. The project area encloses a historical, little-explored mining district that was active during the Spanish colonial times. The concession block contains dozens of mineral prospects and an abundance of small-scale mine workings. The style of mineralization varies from epithermal, low sulfidation, fracture-filling vein-stock-work breccia systems to skarn and sediment-hosted enriched disseminated zones. For further information regarding Pacific Cascade Minerals Inc. and the El Centenario project please visit the Company's website at www.pacaficcascade.ca.
Warrant Extension
The Company also announces its intention to apply to the Exchange for an extension of the term of 2,500,000 share purchase warrants with an expiry date of October 20, 2011 to March 31, 2012. The warrants are exercisable for $0.15 per share.
On behalf of the Board of Directors
"Harold Forzley"
President / CEO
Pacific Cascade Minerals Inc.
For more information contact Daniel Whittle, Investor Relations at:
Telephone: (604) 637-1341 or e-mail IR@pacificcascade.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or the accuracy of this news release. We seek Safe Harbor.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.
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