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March 08, 2012 TSX-V: PCV
Pacific Cascade Minerals Inc. (The Company) is pleased to report 3 additional drill holes from the phase 1 exploration program on the La Esperanza silver base metal zone on its El Centenario Property, Durango Mexico. Summarized below are the locations of DDH ESP 12-4,6 and 7.
------------------------------------------ |HOLE NUMBER|NORTHING|EASTING|AZIMUTH|DIP| |----------------------------------------| |ESP 12-4 |2756401 |348226 |080 |-45| |----------------------------------------| |ESP 12-6 |2756649 |348113 |080 |-60| |----------------------------------------| |ESP 12-7 |2756649 |348113 |080 |-80| ------------------------------------------
Drill hole ESP 12-4, is a 50 meter step out to the north of ESP 12-1,2 and 3 reported in the company's News Release of March 01, 2010.
Drill holes ESP 12-6 and 7 were drilled from the same drill setup on a 080 azimuth. ESP 12-6 was drilled at a -60 dip while ESP 12-7 was drilled underneath ESP12-6 at a -80 dip. The Company considers these hole to be significant because ESP 12-6 and 7 are a 300 meter step out to the north of holes ESP 12-1, 2 and 3 along the La Esperanza structure These holes have intersected sub-parallel mineralized structures not previously recognized or sampled. The company is pleased with the ongoing results of drilling as it further confirms mineralization continues below the surface sampling.
-------------------------------------------------------------- |DRILL HOLE SUMMARY | | | | | |------------------------------------------------------------| | | | | | | | |------------------------------------------------------------| |Drill Hole | |Interval|Ag ppm|Zn ppm|Pb ppm | | | |(meters)| | | | |------------------------------------------------------------| | | | | | | | |------------------------------------------------------------| |ESP 12-4 |86.2 - 98.3 |12.1 |2 |2955 |1322 | |------------------------------------------------------------| | | | | | | | |------------------------------------------------------------| |ESP 12-6 |27.0 - 53.0 |26 |119 |1603 |1182 | |------------------------------------------------------------| |incl |30.0 - 51.94 |21.94 |136 |1807 |1353 | | | | | | | | |------------------------------------------------------------| |incl |33.8 - 40.7 |6.9 |316 |1463 |2663 | | | | | | | | |------------------------------------------------------------| | | | | | | | |------------------------------------------------------------| |ESP 12-7 |36.6 - 64.0 |27.4 |66 |926 |285 | |------------------------------------------------------------| |Incl |39.66 - 51.0 |11.34 |100 |962 |249 | | | | | | | | --------------------------------------------------------------
On surface 400 meters of line cutting, soil sampling, mapping, trenching and sampling has been completed on the southern extension of the La Esperanza zone with geochemical and assay data being received by the company on an ongoing basis.
About the Project
The El Centenario project is situated 15km southwest of the La Cienega mine (owned by Fresnillo PLC) a structurally controlled gold-silver-lead-zinc mineral deposit that has been in production since early?1999. To date, the La Cienega 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.
Technical information in this news release has been reviewed by Derrick Strickland, P.Geo., a qualified person as defined in NI 43-101.
For further information regarding Pacific Cascade Minerals Inc. and the El Centenario project please visit the Company's website at www.pacificcascade.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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