Gold Fields to Drill MEX Porphyry Prospect on Toodoggone Project

Cascadero Copper Corporation (TSX:CCD) announced today that Gold Fields is planning to start drilling the MEX Cu-Au-Mo porphyry prospect on Cascadero’s Toodoggone Project.

As quoted in the market news:

On March 6th 2009, Cascadero signed an Option and Joint Venture Exploration Agreement (the “Option Agreement”) with Gold Fields. Pursuant to the Option Agreement, Gold Fields can earn a 51% interest in Cascadero’s Toodoggone Project by spending at least C$5 million over an initial three-year option period. Gold Fields can earn a further 24% interest by completing a feasibility study or sole funding a further C$15 million expenditure. Gold Fields’ exploration expenses to date are approximately C$4 million.

Click here to read the Cascadero Copper Corporation (TSX:CCD) press release.