Cascadero Copper Corporation
TSX VENTURE : CCD

Cascadero Copper Corporation

May 01, 2012 09:00 ET

Cascadero Copper Corporation: Second Drill Rig Added to Pancho Arias Cu-Mo-Au Porphyry Prospect Drill Program, North Western Agrentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2012) - Cascadero Copper Corporation (TSX VENTURE:CCD) -

Salta Exploraciones S.A. (Salta), Cascadero's 50% owned Argentine subsidiary, has added a second drill rig to the Pancho Arias Cu-Mo-Au porphyry prospect drill program in Salta province, north western Argentina. The program is operated by Salta and designed and supervised by Raul Chocobar, Vice-President of Exploration and a director of Salta.

The first drill hole details were changed and PA-12-01 is a vertical hole with a planned depth of 300 metres. The drill hole was stopped in a fault at 261 metres and ended in mineralization.

A second rig is on site and has commenced drilling PA-12-02.

PA-12-02 is located 600 metres north-north-east of PA-12-01. The azimuth is 165°with a planned depth of 450 metres at a dip of -60°. The drill hole is drilling ahead at 71 metres.

PA-12-03 is located 480 metres northeast of PA-12-01. The azimuth is 165°with a planned depth of 450 metres at a dip of -60°. Setting casing is underway.

All samples from the Pancho Arias program are being prepared and assayed by ACME Analytical Labs in Mendoza, Argentina and Vancouver B.C. the samples from PA-12-01 are in transit to in Mendoza, Argentina for preparation.

The program is supervised by John R. Breedlove, MS, Certified by the American Institute of Professional Geologists, CPG#:11360, who is the Qualified Person for the Pancho Arias drill program.

ABOUT CASCADERO COPPER

Cascadero Copper is an integrated prospecting and mineral exploration business with offices in North Vancouver, BC, Canada, Sudbury, Ontario, Canada and Salta City in the province of Salta, Republic of Argentina. The Company generates, acquires and explores mineral properties and it active in the three jurisdictions.

In north central British Columbia, the Company has a 100% interest in a 31,000 hectare property in the Toodoggone region, which is prospective for copper gold porphyry systems. This property is subject to a C$20 million Joint Venture with Gold Fields.

In Ontario, the Company holds or has the right to acquire a 100% in 17 properties in the Sudbury, Swayze and Timmins camps, which are volcanic and sediment hosted copper gold prospects.

In north western Argentina, the Company holds a 50% interest in a 46 property portfolio, which consists mainly of bulk mineable copper-moly-gold porphyries and bulk mineable sediment hosted silver-gold plus base and rare metals.

In 2009, the Company discovered Taron, a large bulk mineable sediment hosted epithermal rare metal deposit in Argentina. In 2011, Cascadero discovered Las Burras, a new Argentine Cu-Mo-Au porphyry.

The Company holds a large claim block that adjoins Lumina Copper's Taca Taca Bajo Cu-Mo-Au deposit. Several copper and gold showings exist on these claims and an exploration program is in the planning stage.

Cascadero's commodity focus is gold, silver, moly, copper, base and rare metal hosted in large-scale bulk mineable mineral systems.

In 2012 to 2013, Cascadero intends to conduct exploration in three core areas: Pancho Arias Cu-Mo-Au porphyry District, the Taca Taca porphyry District and the bulk mineable sediment hosted silver prospects in the El Oculto District. Exploration is also planned for Taron, an exciting large-scale sediment hosted rare metal discovery.

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
    CEO
    Office: 604-924-5504 or Cell: 604-999-0391
    Bill@Cascadero.com

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