The Conversation (0)
Cache Exploration Inc. (CVE:CAY,OTC:CEXPF,FSE:BCX) reports that an exploration program of approximately three months has began at the Cross Hills properties near the Burin Peninsula, Newfoundland.
The press release is quoted as saying:
The most significant mineral occurrence within the Cross Hills area is Zr-Nb-Y-REE mineralization within small aplite veins that intrude the peralkaline granite, revealing grades of up to 19,208 g/t Zr, 2,968 g/t Y, 1,860 g/t Nb, 1,550 g/t Cerium (Ce), 725 g/t Thorium (Th), and 90 g/t Tin (Sn) (as reported in Tuach, 1991). At the contact of the same peralkaline granite and neighboring biotite granite, a sample returning 6,328 g/t Zr and 316 g/t Nb was reported by Tuach (1991). The management of Cache feel that this is indicative of underlying Heavy Rare Earth Element, Yttrium and Niobium mineralization.
Cache’s President and CEO, Mr. George A. Brown says:
“We feel that Cache presents very good share appreciation potential due to the exposure to numerous exploration properties with a variety of commodity targets including Rare Earth Elements, Gold, Silver, and Copper. A public listed company with under 25 million shares issued and a market capital of under $6 million can be poised for significant share movement on any positive results.”
Click here to access the entire news release.
Click here to access Cache’s company profile.( (TSXV:CAY,OTC:CEXPF,FSE:BCX)