Cascadero Copper Corporation
TSX VENTURE : CCD

Cascadero Copper Corporation

September 13, 2011 10:41 ET

Cascadero Copper Corporation: Non-Brokered Private Placement Announced

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2011) - Cascadero Copper (TSX VENTURE:CCD) (the "Company") announces a non-brokered Private Placement of 6,000,000 Units at $0.18 per Unit. One Unit consists of one Cascadero Copper common share and one share purchase warrant. One warrant plus $0.25 cents enables the bearer to purchase one common share of the Company for a period of up to 36-months. The warrant is transferrable and is subject to an Accelerated Exercise Clause. It is expected that Cascadero insiders will subscribe for up to 25% of the offering, which is the insiders approximate equity ownership of the Company. The Company will apply for a Supplemental Listing and, subject to TSX.V approval the warrants will be listed for trading on the TSX Venture exchange. Finder fees are payable.

Use of Proceeds is to continue the exploration of the 50% owned Pancho Arias Mineral District in north western Argentina. The funds will be used to drill test two outstanding Cu-Au-Mo porphyries and one high-grade gold system.

  • Pancho Arias (2,800m) is a porphyry prospect with historic drill holes that have Cu-Mo values from surface to end of hole. Seven of the ten 1973-4 drill holes outlined a Cu-Mo mineralized corridor that is approximately 900 metres wide and 1,300 metres along strike and is open. The core was not assayed for gold or silver. Pancho Arias outcrops over a large area. Recent geophysics identified a significant chargeability anomaly that is 3,000 metres in diameter at 300 metres below the surface profile of the outcrops.
  • Incahuasi (2,000m) is another large-scale porphyry system. A recent geophysical survey identified a near surface chargeability anomaly that is 4,400 metres east west by 1,500 metres north south. The property has no history of drilling. Incahuasi is believed to be an apophysis of the same Miocene magmatic chamber, which is common to Pancho Arias and Las Burras. Las Burras is new Cu-Mo-Au porphyry discovered by Cascadero in June 2011.
  • Santa Rosa (1,200m) a high-sulphidation high-grade gold bearing zone with an array of veins over a 2,000 metre by 2,000 metre area. The property adjoins Pancho Arias to the south, west and north. It is believed the source of the gold mineralization is the Pancho Arias porphyry.

The Pancho Arias District has potential to host large tonnage of Cu-Mo-Au mineralization. Three drill rigs are planned as the Company intends to complete the 6,000 metre program by Dec 31-11.

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.

In July 2011, Gold Fields Ltd completed a 7-core hole program totaling 2,448-metres on Cascadero's 100% owned 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 three copper-gold porphyry systems, four sediment hosted gold and silver-rich polymetallic 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 Corp.
    Bill McWilliam
    Chief Executive Officer
    Office = 604-924-5504 or Cell = 604-999-0391
    Bill@Cascadero.com
    www.cascadero.com

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