Cache Commences Louil Hills Exploration Program

- May 3rd, 2011

Cache Exploration Inc. (CVE:CAY) reports that an exploration program has began at the Louil Hills properties on the Bonavista Peninsula, Newfoundland.

Cache Exploration Inc. (TSXV:CAY) reports that an exploration program has began at the Louil Hills properties on the Bonavista Peninsula, Newfoundland. 

The press release is quoted as saying:

The two Louil Hills claim groups of 37 and 57 claims total 23.5 hectares. This exploration program is a follow-up on the very encouraging results found last field season on the peralkaline REE+Y igneous suite, and the Cu-Ag mineralization in the region that is a spatially associated basaltic and sedimentary sequence. The Newfoundland Geological Survey’s “Geoscience Online” database and a compilation by Cache of previous reports of work indicate 11 Cu-Ag-Au occurrences on these properties (see attached map). One such occurrence noting up to 12.1% Cu, 3.02 oz/ton Ag, and 2,130 ppb Au within the Louil Hills claim boundaries that is one of the priority targets to be located and sampled in detail.

Click here to access the entire news release.

Click here to access Cache’s company profile.

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