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Pacific Cascade Minerals Inc. (PCV) is pleased to report that Phase 1 of a comprehensive surface mapping and sampling program at the La Esperanza silver, lead, zinc, and copper base metal prospect on the Company's El Centenario property, Durango, Mexico is complete. Results from trench sampling have now extended the known 500 meter mineralized zone more than 400 meters further to the north for a total strike length of 900 meters. This zone remains open to both the north and south. Several parallel to sub-parallel fault structures hosting quartz vein stringer mineralization were also discovered as a result of mapping. The soil geochemical program, which was conducted at the same time as the mapping, has further confirmed that the silver-rich mineralization system at La Esperanza extends to the north and remains open.
The mapping and sampling work completed along the northern extension of La Esperanza prospect revealed that the core of the quartz-rich vein structure expanded to 10 meters in width as seen over a 100 meter strike length. The Nov/Dec limited exploration program returned significant assay values in continuous channel samples taken across 18 trenches completed along a 500 meter long section of the structure. For example, Trench 2 (T-2) returned 7.7 meters of 360 grams per tonne silver. Numerous other sub-parallel mineralized structures were discovered.
Trench Samples; La Esperanza Prospect
Trench samples reflect weighted averages over the length of the trench. Samples were taken November and December 2011 by Pacific Cascade Minerals Inc. and processed by Acme Analytical Laboratory of Vancouver BC, Canada.
-------------------------------------------- | | Width| |Au |Ag |Cu |Pb |Zn | |Trench| | | | | | | | |------------------------------------------| |# |M | |g/t |g.t|ppm |% |% | |------------------------------------------| | | | | | | | | | |------------------------------------------| |T-1 |7.0 | |PEND|96 |302 |0.10 |0.23 | |------------------------------------------| |T-2 |7.7 | |PEND|360|347 |0.18 |0.44 | |------------------------------------------| |T-3 |3.5 | |PEND|65 |284 |0.05 |0.12 | |------------------------------------------| |T-4 |2.7 | |PEND|67 |314 |0.05 |0.13 | |------------------------------------------| |T-5 |5.9 | |PEND|158|385 |0.10 |0.23 | |------------------------------------------| |T-6 |9.5 | |PEND|33 |92 |0.048|0.08 | |------------------------------------------| |T-8 |2.2 | |>0.9|17 |49 |0.02 |0.03 | |------------------------------------------| |T-9 |4.2 | |PEND|210|387 |0.32 |>0.69| |------------------------------------------| |T-10 |3.95 | |PEND|100|186 |0.01 |0.27 | |------------------------------------------| |T-11 |7.1 | |PEND|83 |86 |0.05 |0.2 | |------------------------------------------| |T-12 |2.3 | |0.9 |66 |450 |0.26 |0.28 | |------------------------------------------| |T-13 |7.15 | |PEND|22 |29 |0.017|0.071| |------------------------------------------| |T-14 |3.2 | |PEND|98 |2193|0.82 |>1 | |------------------------------------------| |T-15 |5.9 | |PEND|314|848 |0.28 |>0.54| |------------------------------------------| |T-16 |7.3 | |PEND|316|1126|0.28 |>0.54| |------------------------------------------| |T-17 |13.0 | |PEND|7 |33 |0.043|0.178| |------------------------------------------| |T-18 |1.2 | |0.9 |21 |42 |0.11 |1.15 | |------------------------------------------| | | | | | | | | | --------------------------------------------
The next phase of the mapping and sampling program at La Esperanza is the planned continuation of soil lines further north along with associated mapping and sampling. The program of southern extension soil lines with associated mapping and sampling has been initiated.
Diamond drilling commenced on January 9th and is ongoing. In all of the 5 drill holes completed to date a dacite tuffaceous horizon has been intersected, this tuff is variably mineralized with booklets of galena, sphalerite, tetrahedrite and native silver. These intersections are presently being logged and sent to Acme analytical labs of Vancouver B.C.
Technical information in this news release has been reviewed by Derrick Strickland, P.Geo., a qualified person as defined in NI 43-101.
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.
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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