Cascadero Copper Corporation: Mex Prospect-New Gold Discovery.VANCOUVER, British Columbia -- The Company (TSX VENTURE:CCD CCD in full charge-coupled device Semiconductor device in which the individual semiconductor components are connected so that the electrical charge at the output of one device provides the input to the next device. ) has completed a first phase 4-core hole program on the Mex prospect. All holes encountered copper, zinc and gold values. The best hole was M05-01 that assayed 0.06% copper, 0.12% zinc and 0.401 grams per tonne gold from 0 to 145.4 metres. The hole bottomed in mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. and returned 7.4 metres, from 138 to 145.4 metres that assayed 0.18% copper, 0.04% zinc and 1.75 grams per tonne gold. The hole was lost at 145.4 metres due to poor rock conditions. The Mex copper-gold porphyry prospect is located adjacent and to the east of the Pine-Fin-Tree porphyry copper-molybdenum-gold porphyry deposits in the Toodoggone area in north central BC. The property is 100% owned by Cascadero copper and is subject to a net smelter return royalty in favour of Electrum electrum Natural or artificial alloy of gold with at least 20% silver, used to make the first known coins in the Western world. Most natural electrum also contains copper, iron, palladium, bismuth, and perhaps other metals. Resource Corp. The Mex prospect is underlain by mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. Jurassic monzonite monzonite Type of igneous rock that contains abundant and approximately equal amounts of plagioclase and potash feldspar, as well as other minerals. The type region is Monzoni, Italy, in the Italian Tirol; similar rocks have been described from Montana, Norway, Sakhalin intrusive and Toodoggone volcanic rocks, which is similar to the Pine-Fin-Tree geological setting. Historic work in the area was conducted by Cominco, Hunter Dickenson and Stealth Minerals and included mapping, sampling and geophysics but no drilling was performed on the Mex. Surface sampling returned gold values to 3.6 grams per tonne gold associated with magnetite veins with potassic and argillic alteration. Cascadero completed 990 metres of NQTW core drilling in 4 holes, which tested a 300 metre by 700 metre area along the north trending Mex Ridge. This was a magnetic high anomaly. Drilling intersected polylithic intrusive breccias above the main monzonite bodies which are cut by sin to post mineral porphyritic por·phy·rit·ic also por·phy·rit·i·cal adj. 1. Of or containing porphyry. 2. Containing relatively large isolated crystals in a mass of fine texture. Adj. 1. monzonite dykes. Weathering and surface oxidation occurs to 150 metres as the all lithologies are highly fractured and broken. Acid leaching of copper sulphides has deposited coatings of secondary copper as copper wad, possibly neotocite on fracture surfaces deeper in the system. The Mex geology is similar to the Pine-Tree-Fin area although it is interpreted to be the top of the mineralizing system as varying heterolithic intrusive breccias are intact. The Pine porphyry system is dropped 800 metres in elevation from the Mex along a series of northeast trending normal faults running parallel to the Finlay River Valley. The Mex prospect will be subject to geophysics and a second phase drill program in 2006. Assaying was conducted by Eco-Tech of Kamloops, BC. All assays are 30 gram fire assays with 28 element ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. . Field work was under the direction of by Dave Kuran, P. Geo., who also compiled and interpreted the data and who is the qualified person for the Company. THE TSX VENTURE EXCHANGE TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. HAS NOT REVIEWED AND DOES NOT ACCEPT RESP ONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cascadero Copper Corp. (TSX VENTURE:CCD) |
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