discovery mining

Cache Engages Discovery Mining Services for Camp Preparation for Kiyuk Lake Drill Program

Cache Exploration Inc. (the " Company " or " Cache "), (TSXV: CAY) (US Pinksheet: CEXPF), announces that it has engaged Discovery Mining Services to commence with setting up camp and winter runway at Kiyuk Lake Gold Project to prepare for Cache Exploration's 4,000m plus drill program commencing in early March 2021 .

Since 1992, Discovery Mining Services has become the industry's most trusted provider of remote exploration camps. Discovery Mining Services has expertise in expediting, logistical support, environmental clean-up support, equipment rentals, and dangerous goods documentation and packaging expertise for small to large projects, camps of 2 to 200, grassroots programs to advanced exploration.

Jack Bal , CEO of Cache Exploration Inc. States "Cache Exploration is very happy to commence the work program at Kiyuk Lake. Discovery Mining Service is a premier operator in northern Canada and will setup and operate our camp during the drill program.

About Cache Exploration
Cache is a gold focused Company that holds and operates the Kiyuk Lake Property which covers 590km2 in SW Nunavut: the project features a number of gold bearing prospects including 2017 identification of 8m of 26.4 g/t gold at the Rusty Zone and extensive mineralization at East Gold Point with 64 m at 1.5 g/t gold and 10 m at 6.5 g/t gold. Extensive surficial float evidence indicates a series of high-interest gold systems (see https://cacheexploration.com/CAY-NR-10-26-17 to view plan maps of Rusty Zone and East Gold Point, section showing select KI17-004 and -005 drill results and Maps of rock and till sampling results.

Drilling has discovered multiple gold intercepts over 1 g/t Au in five discrete mineralized zones Rusty, Gold Point, East Gold Point, Cobalt and Amundsen. Significant expansion possible with five new target areas identified and ready for drilling. Exploration at Kiyuk Lake takes place in winter-spring (February – May) and summer-fall (June-October).

Qualified Persons Chris Pennimpede, P. Geo., is a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical mining information provided in this release.

On behalf of the Board of Directors,

" Jack Bal "
Chief Executive Officer
Tel.: 1-604-306-5285
jackbalyvr@gmail.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/cache-engages-discovery-mining-services-for-camp-preparation-for-kiyuk-lake-drill-program-301224866.html

SOURCE Cache Exploration Inc.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/February2021/09/c9351.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
Cache Exploration

Cache Exploration

Near-Surface, High-Grade Gold Exploration in Nunavut

Near-Surface, High-Grade Gold Exploration in Nunavut Keep Reading...
Text reads "Weekly Editor’s Picks," over gold bars and silver bars with a large green upward arrow.

Editor's Picks: Gold, Silver Bounce Back After Warsh Scare, Oil Prices Break US$90

The gold price is in recovery mode after last week's speech from US Federal Reserve Chair Kevin Warsh ate away at its end-of-summer gains.The yellow metal slipped briefly below the US$4,300 per ounce level on Tuesday (September 1), but then bounced back, nearly touching US$4,500.Silver was also... Keep Reading...
Aurum Resources (ASX:AUE)

Aurum Adds More High-Grade Gold at Boundiali’s BST1 Deposit

Aurum Resources (ASX: AUE, “Aurum” or “the Company”) is pleased to announce the latest gold intercepts from an ongoing 100,000m diamond drilling program at its 3.22Moz Boundiali Gold Project1 in Côte d'Ivoire. Aurum received assay results from 22 diamond drill (DD) holes at the BST1 deposit,... Keep Reading...
Adam Rozencwajg, gold bars.

Adam Rozencwajg: Oil's Silent Squeeze, Plus When I'll Buy Gold Stocks Again

Adam Rozencwajg, managing partner at Goehring & Rozencwajg, shares his thoughts on the oil market, explaining why the Iran war hasn't been as disruptive as many initially expected. In his view, a developing bottleneck in refining could be the catalyst that ramps up pressure. "Where do prices go... Keep Reading...
Gold bars rest on scattered US dollar bills.

Gold Futures Rally as US-Iran Escalation Drives Bid

Gold futures rallied early on Thursday (September 3), driven by a concrete military escalation between the US and Iran in the Strait of Hormuz that temporarily overrode macroeconomic headwinds.December gold futures opened at US$4,436.40 per ounce, up 0.5 percent from Wednesday's (September 2)... Keep Reading...
One kilogram gold bars spilling out of safe in central bank vault.

Dutch Authorities Move US$11 Billion Gold Stockpile to London

De Nederlandsche Bank (DNB) has shifted more than 10 billion euros (approximately US$11.6 billion) of its gold reserves out of North America and into London and the Netherlands.Between March and August 2026, the Dutch central bank transferred approximately 86 tons of gold from storage facilities... Keep Reading...

Interactive Chart

Latest Press Releases

Related News