Cache Exploration Drilling Intersects Visible Gold at Kiyuk Lake Gold Project, Nunavut

Cache Exploration Inc.(TSXV:CAY) is pleased to announce that its drilling program at Kiyuk Lake project in Nunavut is in progress, with four (4) holes collared to date. The program has recovered visible gold (“VG”) during detailed logging of drill hole KI17-001 in the Rusty Zone although assays are as yet outstanding.
To view photos of the drill core with visible gold, please view photos at end of this release or navigate to: https://www.cacheexploration.com/wp-content/uploads/2017/08/rusty-zone-drill-core-photos.pdf
Three (3) holes have been completed and sampled. The initial program holes are intended to extend delineation of the historic mineralization recognized at the Rusty Zone along its inferred strike, and down-dip and down-plunge.
Assay Results Pending
Assay results from KI17-001 are expected in the next week. Recognition of VG has led to additional assay criteria being requested (to ensure proper treatment for any possible nuggety nature of the mineralization), and may result in a minor delay. A total of 300 samples from the first three drill holes have been shipped to SGS Canada Inc. in Red Lake for analysis of contained gold. In addition, 150 till samples from grid sampling north of Kiyuk Lake have been shipped for analysis to Bureau Veritas in Vancouver.
Rusty Zone Drilling
Drill hole KI17-001, in the Rusty Zone, is a step out from KI13-011, targeting the southward extension of gold mineralization intersected in KI13-011 which ended in 24.0 m at 2.5 g/t Au (previously reported). Drill hole KI17-001 was drilled to a depth of 287.75 m and visible gold was observed in a section of strongly altered and brecciated sandstone from 110 meters to 112 meters.
Drill hole KI17-002, also in the Rusty Zone, was designed to test the eastward extension of gold mineralization adjacent to the Rusty Zone discovery hole RU11-001 which returned 38 m at 4.2 g/t Au from surface (previously reported). Drill hole KI17-002 was drilled to a depth of 209.1 m.
Both KI17-001 and KI17-002 intersected multiple intervals of sulphide-bearing, carbonate-actinolite vein development.
Drilling at Rusty continues with KI17-004 targeting the down plunge northward extension of gold mineralization intersected in KI13-004 which graded 22 m at 3.4 g/t Au (previously reported).
KI13-003 was abandoned at 86 m owing to difficult drilling in blocky ground.
To view a plan map of the Rusty Zone, please navigate to: https://www.cacheexploration.com/wpcontent/uploads/2017/08/2017-08-02-nrm-rusty-cay-uy95qm.pdf
The Rusty Zone is an area of intense magnetic anomalism where gold mineralization is typically associated with brecciated sandstone intervals characterized by infilled albite, actinolite, calcite, dolomite, quartz, and magnetite mineralization with abundant pyrrhotite and small grains of native gold.
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

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 3 g/t
• Four Discrete Mineralized Zones (Rusty, Gold Point, Cobalt, Amundsen)
• Significant expansion possible with five new target areas identified and ready for drilling

Chris Pennimpede, P. Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical mining information provided in this release.
For more information about Cache Exploration, please visit: https://www.cacheexploration.com/
On behalf of the Board of Directors Cache Exploration Inc.
“Jack Bal” Jack Bal Chief Executive Officer
FOR MORE INFORMATION,
PLEASE CONTACT: Jack Bal 604-306-5285
jackbal@cacheexploration.com

Source: www.cacheexploration.com