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Vancouver, British Columbia, Canada - November 23, 2011 - Pacific Cascade Minerals Inc. (the "Company") is pleased to report that its fully permitted exploration program on the El Centenario gold, silver prospect in Durango State Mexico, has commenced with the establishment of a base camp to support the geological team and diamond drill program.
Geologists are on site and have started a mapping and sampling program on the La Esperanza silver, gold and base metal zone. This zone has been traced on surface for over 600 meters and remains open along strike.
Work is currently underway preparing diamond drill pads to test the La Esperanza structure to a depth of 100 metres with an 8 hole drilling program; diamond drilling is scheduled to commence by the end of the month. During this initial phase of the program all drill sites are road accessible which allows for a cost effective and timely diamond drill program.
Concurrently the crew is preparing for a mapping and sampling program of the high-grade gold Santa Margarita zone. This road accessible zone will also be drilled to a depth of 100 meters in this initial phase of exploration. Drilling is scheduled to commence in January 2012 and is expected to run through the first quarter.
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 (27M 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.
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
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.
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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