Cascadero Copper Corporation
TSX VENTURE : CCD

Cascadero Copper Corporation

August 10, 2011 09:46 ET

Cascadero Copper Corporation; Highlight: Discovery Hole-Las Burras Copper-Moly-Gold Porphyry System

LB11-03 = 0.42% Copper, 0.02% Moly, 0.097g/t Gold over 112 metres

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2011) - Cascadero Copper's (TSX VENTURE:CCD) 50% owned subsidiary Salta Exploraciones SA (Salta) received assays on its recently completed six (6) core hole drill program consisting of 1,664.7 metres on the Las Burras copper-moly-gold porphyry prospect in Salta province in north western Argentina.

TABLE ONE
LAS BURRAS DRILL HOLES AND ASSAYS
Interval Interval
From To Interval Copper Moly Gold
Hole ID (m) (m) (m) (%) (%) (g/t)
LB11-01 4 300 296 0.18 0.006 0.042
LB11-02 3 301 298 0.09 0.004 0.026
Inc 141 301 160 0.13 0.006 0.034
LB11-03 36 292 256 0.23 0.019 0.060
Inc 48 160 112 0.42 0.020 0.097
LB11-04 45 212 167 0.03 0.009 0.011
Inc 45 120 75 0.08 0.003 0.032

Core holes LB11-01, -02, -03 and -04 are positioned to provide a north-to-south geological and assay cross section of the subsurface below coincident chargeability and geochemical anomalies. LB11-02 is the furthest drill hole north and LB11-04 the furthest south. These drill holes are about 800 metres apart with LB11-01 and LB11-03 between them on the same section. All drill holes, except LB11-04, reached target depth and all drill holes ended in copper-moly-gold mineralized intrusive rocks.

LB11-05 is a step out approximately 535 metres east of LB11-02 positioned to test an alteration zone peripheral to the main porphyry body. It returned anomalous values of copper, moly and gold. LB11-06 is a step out approximately 1,535 metres west of LB11-05 to test a sub-parallel set of outcropping quartz-tourmaline-sulphide veins, which are peripheral to the main porphyry body. LB11-06 and returned anomalous values of zinc, copper with minor gold and moly.

The Company is preparing one 10-metre ¼-core samples from each of LB11-01, -02 and -03 for mineralogy identification and metallurgical testing in Vancouver, BC. The Las Burras geochemistry appears relatively benign with low-values of arsenic, mercury, iron, sulphur and other potential impurities that could cause smelter deductions. The metallurgy is a preliminary and inexpensive step that yields valuable information for future planning.

The chargeability anomaly is ~2,250 metres east west and 1,500 metres north south at its widest point. Its estimated surface area is approximately 2,525,000m2 or ~252 hectares. Given the presence of significant copper-moly-gold mineralization in the first three drill holes in the chargeability anomaly, management believes Las Burras has potential to host a large tonnage Cu-Mo-Au mineralized porphyry system.

Las Buras is one of the five showings that comprise the Pancho Arias Mineral District that is 100% controlled by Salta. The Company intends to conduct reconnaissance style drilling on all five showings in the next six months. Consecutively, they are Las Burras - Cu-Mo-Au porphyry; Las Cuevas - sediment hosted gold; Santa Rosa - sediment hosted gold; Incahuasi - Cu-Mo-Au porphyry; and. Pancho Arias - Cu-Mo-Au porphyry. The total program planned is for 7,500 metres of core drilling. When all results are compiled decisions regarding future exploration priorities are possible.

Las Burras drill core samples are prepared by ACME Labs, Chile and flown to ACME Labs Vancouver, BC for assay. Drill supervision, core management, sample preparation and core logging for LB11-01 to LB11-04 were performed and supervised by John Camier, B.Sc., M.Sc., P.Geo, who is the Qualified Person for the Company's Argentine Las Burras drill program. Mr. Camier has reviewed and approved this news release.

ABOUT CASCADERO COPPER

Cascadero Copper is an integrated prospecting and mineral exploration business. The Company has offices in North Vancouver, BC, Sudbury, Ontario and Salta City in the province of Salta, Argentina. The Company generates, acquires and explores mineral properties. The Company has several copper-gold porphyry prospects in the Toodoggone region of British Columbia, a 100% interest in 22 volcanic and intrusive hosted gold properties in the Sudbury, Swayze and Timmins camps of Ontario and holds a 50% interest in a 46-property portfolio in north western Argentina.

Exploration is currently active in Ontario and Argentina. A 2,448-metre core drill hole program was completed July 2001 on the MEX copper-gold porphyry in British Columbia. Assays are pending.

Cascadero's commodity focus is gold, silver and base metals, which are hosted in large-scale mineral systems.

In 2011 and 2012, Cascadero and Salta plan to drill test four copper-gold porphyry systems, four sediment hosted gold and silver-rich polymetalic systems and two sediment hosted gold-silver showings.

Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cascadero Copper Corporation
    Bill McWilliam
    Chief Executive Officer
    604-999-0391
    Bill@Cascadero.com

    AJF Consultants
    Allan or Janice Feldman
    604-948-9663 or Cell: 604-377-2942