Vancouver, British Columbia / TheNewswire / August 2, 2017 - Cache Exploration Inc. (the "Company", or "Cache"), (TSX-V:CAY) is pleased to announce that it has commenced drilling the first hole of its summer drill program at Kiyuk Lake, Nunavut.
Figure 1. Rusty Zone
Drilling is currently underway at the Rusty Zone, an area of intense magnetic anomalism where gold mineralization is characterized by brecciated sandstone with an infill of albite, actinolite, calcite, dolomite, quartz, and magnetite with abundant pyrrhotite and small grains of native gold.
Drill hole KI17-001, in the Rusty Zone, is a step out from KI13-011, targeting the extension of gold mineralization intersected at depth in KI13-011 which ended in 24.0 m at 2.5 g/t Au (previously reported).
Drilling at the Rusty zone will be focused on defining gold mineralization at depth and at surface to the south east. This infill drilling will help move the Rusty zone towards defining a resource. Drilling in 2013 demonstrated strong continuity of breccia-hosted gold mineralization within the Rusty zone.
Highlights from previous drilling at Rusty include:
- 52.4 m at 3.27 g/t Au from surface
- 35.9 m at 4.95 g/t Au from 134.1 m
- 61.5 m at 3.3 g/t Au from 159 m
- 24.1 m at 3.40 g/t Au from 34.0 m
Figure 2. Gold Point Zone
Drilling at Gold Point will commence after completion of drilling at the Rusty zone. Significant step outs are planned at Gold Point where prospecting and ground magnetics have defined two new zones of possible extensions of the known Gold Point mineralization. These extensional zones - South Gold Point and East Gold Point respectively - were further defined by ground magnetics as zones of magnetite destruction coincident with east-west structures, which are identical to those found at the Gold Point zone. Drilling in 2017 will target these new areas.
The Gold Point zone is a high priority target located in a 24 kilometre magnetic anomaly that will receive further drilling in this program.
Previous drilling at the Gold Point zone returned:
- 63.6 m at 2.84 g/t Au from 148 m
- 12 m at 2.4 g/t Au from 120 m
- 12 m at 3.9 g/t Au from 163.5 m
Till Sampling
In addition to drilling, the field crew is continuing to grid till sample north of Kiyuk Lake where property wide geochemical sampling identified anomalous gold in lake sediment samples and widely spaced till samples.
About Cache Exploration
Cache Exploration is solely focused on its Kiyuk Lake Property covering 590 square kilometers in southwest Nunavut.
Kiyuk Lake Property Highlights
- A true district play covering a majority proportion of the Proterozoic Kiyuk Basin
- 12,000 meter drill database: 2008-2013
- Gold Showings over a 15 Km Strike Length
- Multiple Gold Intercepts over 1g/t
- Four Discrete Mineralized Zones (Rusty, Gold Point, Cobalt, Amundsen)
- Significant expansion possible with five new target areas identified and ready for drilling
- Sites are drill ready with fuel, drills and 35-man camp on site and ready for spring drilling
For more information about Cache Exploration, please visit: http://www.cacheexploration.com/
