Cache Exploration Updates On Welsford Trenching Expansion Program

Cache Exploration Inc. (CVE:CAY) announced the results of the trenching expansion program on the Welsford Rare Earth Element Properties in New Brunswick.

As quoted in the press release:

The purpose of the expanded trenching program is to fully expose the mineralized area that has radiometrically measured up to 46,000 Counts Per Second (CPS) and has reported assay results of over 5% combined weight of Yttrium (Y), Zirconium (Zr), Niobium (Nb), and Rare Earth Elements (REE) across a 25 cm wide dyke (May 28, 2012 News Release). This area has reported the highest Heavy Rare Earth Element (HREE) soil anomalies in the region. This mineralized area exhibits very strong potential to locate a dyke-sill swarm, and/or a mineralized cupola, which has the potential to be the source of the Y-Nb-REE-enrichment in the area.

Dr. David Lentz, P.Geo., Qualified Person, and Chairman of the Technical Committee commented:

With my extensive knowledge of REE deposits worldwide, this area continues to present Cache with excellent potential for a new discovery. In addition to the growing potential being developed by the expanded trenching program, the excellent logistics and infrastructure that exist near the Welsford REE Properties including power lines crossing the property and proximity to paved highways and to the port of Saint John makes the prospects for the Welsford REE Properties extremely exciting.

Click here to read the full press release.