Pacific Cascade Minerals Provides Further...
Pacific Cascade Minerals Provides Further Information Regarding Phase 1 Diamond Drill Program From the La Esperanza Prospect on the El Centenario Project
Further to the News Release of January 24, 2012 Pacific Cascade Minerals Inc. (PCV) has received further information from the La Esperanza silver, base metal prospect on the El Centenario property in Durango, Mexico. In its exploration of the La Esperanza silver, base metal zone PCV has intersected a mineralized dacitic tuffaceous horizon in all 6 of the drill holes it has completed in the Phase 1 drill program. This dacitic tuffaceous horizon is typified by its sulphide content within the depositional environment. The dacite tuff contains; booklets of galena, a lead sulphide; sphalerite, a zinc sulphide; tetrahedrite, an antimony sulphide typical of an epithermal mineralizing system and locally native silver in the form of wire silver. As of January 31, 2012 Holes 1 through 3 have been received by Acme Analytical Laboratory for analysis and hole 4 through 6 are currently being logged and split and will be shipped as soon as possible.
Investors are cautioned that no analytical results of the drill core have been received by the company. The visual interpretation of the drill core contained in this news release is based on visual inspection only. The mineralization identified may not be representative of the actual mineralized content. Only analytical data from an accredited laboratory should be relied upon.
Copies of the core logs and visual interpretations for holes 1 through 3 are listed below in Tables 1 through 3. PCV will provide the same information regarding holes 4 through 6 once samples have been received by Acme Analytical Laboratory.
Drill intersections displayed below in tables below are from the drill logs compiled on site.
| TABLE 1: DRILL HOLE: ESP11-01 | ||
| FROM | To (m) | Type Rock |
| 3.00 | 36.00 | Rhyolite Tuff |
| 36.00 | 44.00 | Rhyolite Tuff , quartz veins + Pb/Zn Oxides |
| 44.00 | 47.00 | Hydrothermal Breccia ,Andesite Tuffs |
| 47.00 | 51.00 | Andesite/Dacite Tuffs |
| 51.00 | 56.40 | Lapilli Tuffs |
| 56.40 | 59.00 | Andesite/Dacite Tuffs |
| 59.00 | 68.00 | Rhyolite dike (?), fine drusy quartz |
| 68.00 | 77.00 | Andesite/Dacite Tuffs |
| 77.00 | 84.00 | Andesite/Dacite Tuffs with sulphide Pb/Zn |
| 84.00 | 86.80 | Rhyolite Tuffs with sulphide Pb/Zn |
| 86.80 | 110.50 | Andesite/Dacite Tuffs with sulphide Pb/Zn |
| 110.50 | 132.00 | Andesite/Dacite Tuffs |
| 132.00 | 134.00 | Andesite/Dacite Tuffs with sulphide Pb/Zn |
| 134.00 | 148.60 | Andesite/Dacite Tuffs |
| EOH 148.6 m | ||
| TABLE 2: DRILL HOLE: ESP12 - 02 | ||
| FROM | To (m) | Type Rock |
| 3.00 | 19.70 | Rhyolite Tuffs |
| 19.70 | 21.30 | Rhylolite Tuffs with quartz stringer |
| 21.30 | 24.65 | Andesite/Dacite Tuffs with sulphide Pb/Zn |
| 24.65 | 27.00 | Andesite/Dacite Tuffs |
| 27.00 | 28.60 | Andesite/Dacite Tuffs with Quartz + Rodocrosite |
| 28.60 | 32.00 | Andesite/Dacite Tuffs |
| 32.00 | 41.85 | Andesite/Dacite Tuffs with breccia + quartz + Oxides Pb/Zn |
| 41.85 | 44.00 | Hydrothermal Breccia , Rhyolite dike |
| 44.00 | 50.50 | Rhyolite Dike |
| 50.50 | 54.20 | Andesite/Dacite Tuffs |
| 54.20 | 69.70 | Rhyolite Dike |
| 69.70 | 80.00 | Andesite/Dacite Tuffs |
| 80.00 | 85.50 | Andesite/Dacite Tuffs with sulphide Pb/Zn |
| 85.50 | 89.00 | Andesite/Dacite Tuffs |
| 89.00 | 94.40 | Rhyolite Tuffs |
| 94.40 | 96.00 | Andesite/Dacite Tuffs with sulphide Pb/Zn |
| 96.00 | 104.00 | Andesite/Dacite Tuffs |
| EOH 104.0 m | ||
| TABLE 3: DRILL HOLE: ESP12 - 03 | ||
| FROM | To (m) | Type Rock |
| 3.00 | 13.00 | Rhyolite Tuffs |
| 13.00 | 16.00 | Rhyolite Tuffs with stringer quartz |
| 16.00 | 27.00 | Rhyolite Tuffs |
| 27.00 | 34.50 | Andesite/Dacite Tuffs |
| 34.50 | 39.00 | Rhyolite tuffs with oxides brown |
| 39.00 | 43.50 | Andesite/Dacite Tuffs with quartz veins |
| 43.50 | 47.20 | Hydrothermal breccia with green quartz + oxides Pb/Zn |
| 47.20 | 53.70 | Rhyolite dike, potasic alteration in matrix |
| 53.70 | 57.00 | Andesite/Dacite Tuffs |
| 57.00 | 66.00 | Rhyolite tuffs with quartz stringer |
| 66.00 | 81.65 | Andesite/Dacite Tuffs |
| 81.65 | 89.00 | Rhyolite Tuffs |
| 89.00 | 93.00 | Andesite/Dacite Tuffs with sulphides Pb/Zn |
| EOH 93.0 m |
Technical information in this news release has been reviewed by Derrick Strickland, P.Geo., a qualified person as defined in NI 43-101.
About the Project
The El Centenario project is situated 15km southwest of the La Cienega mine (owned by Fresnillo PLC) a structurally controlled gold-silver-lead-zinc mineral deposit that has been in production since early 1999. To date, the La Cienega mine has produced more than 2M oz of gold and 50M oz of silver. Additionally, the world-class Metates deposit (27M oz gold equivalent owned by Chesapeake Gold Corporation (TSX-V: CKG) is located 10 km south-southeast of the El Centenario project. The project area encloses a historical, little-explored mining district that was active during the Spanish colonial times. The concession block contains dozens of mineral prospects and an abundance of small-scale mine workings. The style of mineralization varies from epithermal, low sulfidation, fracture-filling vein-stock-work breccia systems to skarn and sediment-hosted enriched disseminated zones.
For further information regarding Pacific Cascade Minerals Inc. and the El Centenario project please visit the Company's website at www.pacaficcascade.ca.
On behalf of the Board of Directors
"Harold Forzley"
President / CEO Pacific Cascade Minerals Inc.
For more information contact Daniel Whittle, Investor Relations at: Telephone: (604) 637-1341 or e-mail IR@pacificcascade.ca
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.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.
