TSX-V: PCV
VANCOUVER, Feb. 6 /CNW/ - Pacific Cascade Minerals Inc. announces the results of a recently completed Induced Polarization Survey on its 100% owned Brewster Lake Claims located in the Nechako Basin southwest of Prince George, British Columbia.
The I.P. Survey totalled 40 line km's and is adjacent to the northern boundary of TTM Resources' Chu Property (TSX-V: TTQ) (www.pacificcascade.ca/brewster). TTM announced on Tuesday, January 29, 2008 initial Molybdenum resource estimates as:
"Indicated Resource - High Grade Mo of 57.1 Million Tonnes of 0.104% Mo
(0.08% cutoff) as part of 235.3 Million Tonnes of 0.067% Mo
(0.040% cutoff)
Inferred Resource - High Grade Mo of 44.4 Million Tonnes of 0.100% Mo
(0.08% cutoff) as part of 221.5 Million Tonnes of 0.063% Mo (0.04% Mo
cutoff)"
Pacific Cascade's Brewster Lake claims contain two very large geophysical anomalies. The western claim block anomaly is possibly a felsic intrusion with high resistivity and high chargeability anomalies. The I.P. anomalies are open in 3 directions; the high resistivity is approximately 2 km's in diameter and is open at the depth limits of the I.P. Survey which was approximately 400 meters. The geophysical anomaly is open to the north, west and south.
Coincident with the high resistivity anomaly is a very high chargeability anomaly that is internal and peripheral to the high resistivity. Also, the coincident chargeability anomaly displays a zoneation of charge. Management is very optimistic about the result of the IP survey due to both the large size of the anomaly and high signal responses.
The second I.P. anomaly lies on the eastern claim block and displays extremely low resistivity and chargeability anomalies. These are interpreted to be a large regional fault structure that is coincident with anomalous geochemical values for Au, Ag, As and Pb as previously reported in RGS Government Surveys. These regional structures with their associate anomalous geochemical values are interpreted to represent a possible epithermal poly-metallic vein system.
The company is now preparing to submit a drill permit application for both zones, initial discussions for arrangements for a diamond drill have been initiated. The company plans to prioritize the potential porphyry Mo target and will commence drilling when all permits are in place.
The technical information provided in this press release was reviewed by Syd Visser P.Geo, a qualified person for the purposes of National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
"Harold Forzley"
Harold Forzley
President/CEO
Pacific Cascade Minerals Inc.
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