Cascada Silver launches its drilling program in Agua Amarga
Toronto, Ontario – (Newsfile Corp. – June 2, 2021) – Cascada Silver Corp. (CSE: CSS) (“Cascada”) is pleased to announce that the reverse circulation drilling program on its Agua Amarga silver project has started with the first phase of drilling targeting the potential down-dip extension of high-grade silver veins mined during from the 1800s. The Agua Amarga silver deposits were discovered in 1811 and mined until 1881, with the earliest reports noting silver grades ranging from 3,078 to 41,035 grams per tonne.
The two-phase drilling program includes an initial 1,000 meters of drilling focused on high priority targets which will be followed, according to initial results, by an additional 1,000 meters of drilling. The first set of four drill holes is planned to test the most significant silver vein systems identified during the recently completed geological mapping program, at depths between 100 and 175 meters below surface, which are expected to be less than historical mining activities. Figure 1 shows the location of the surface expression of the extracted silver veins and notes the location of the planned drill holes.
“After the sequential delays of last year, we are delighted that the Agua Amarga drilling program has started,” said Carl Hansen, CEO of Cascada. “The first phase of drilling targets the four most extensive remaining silver veins that were identified by Cascada field crews during the recently completed mapping program. The first phase of drilling is expected to take approximately 10 days. As analytical laboratories in Chile are safeguarded against COVID-19 protocols, as is the case in many countries, the goal is to prioritize samples for analysis in order to speed up the return of test results. key analysis, date by which phase two drilling plans will be finalized.
NI 43-101 Technical Disclosure
The Qualified Person, as defined by National Instrument 43-101 of the Canadian Securities Administrators, for Cascada’s exploration activities in Chile is Sergio Diaz, a resident of Santiago, Chile. Mr. Diaz is a public person registered for Reserves and Resources No. 51, Chile and is also registered at the Colegio de Geólogos de Chile under No. 315.
About Cascada Silver Corp.
Cascada is a mining exploration company focused on silver and gold exploration in Latin America with four optioned properties in Chile, including the historic Agua Amarga silver project where high grade epithermal silver veins have been found. been extracted during the 19e century. Cascada’s team of exploration professionals are dedicated to discovering mineral deposits that can be transformed into economically viable development projects that create value for all stakeholders.
On behalf of Cascada Silver Corp.,
Carl Hansen, CEO
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