Cache Exploration drills 38 m of 1.12 g/t Au at Kiyuk
CACHE EXPLORATION Inc. has received complete assay results for the first two holes of its summer drill program at its Kiyuk Lake project in Nunavut. Complete results have now been received from the till sampling program.
Significant release highlights:
• KI17-002 returned 10 metres at 2.6 grams per tonne gold from 32 metres in the Rusty zone;
• 38 metres at 1.12 grams per tonne gold from 58 metres;
• Four metres at 4.2 grams per tonne gold from 150 metres.
KI17-002 was designed to target the potential eastward extension of gold mineralization from the known Rusty gold mineralization and is a stepout hole of the discovery hole RU11-001. Drill hole KI17-002 was drilled to a depth of 209.1 metres. Sections containing gold mineralization were coincident with strongly albite altered and brecciated sandstone with carbonate-actinolite infill from 32 metres to 154 metres.
Complete assays results from KI17-001 to the end of the hole were also received with no additional gold mineralization.
Assay results from the remainder of drill program are expected in the coming weeks. A total of 1,172 metres were drilled over five holes during the 2017 summer drill program.
(See CAY Table 1 on page 5)
Till sampling results
Complete till sampling results have now been received. Sampling grids extending Rusty zone till sampling have identified several gold-in-till anomalies up to 390.2 parts per billion gold. Several samples were above 50 parts per billion gold and are considered highly anomalous. The dispersion of these anomalies may indicate additional sources of gold mineralization to the west and south of the Rusty zone. Previously reported till sampling results identified a new area named the Nansen target of potential gold mineralization north of Kiyuk Lake with values up to 768 parts per billion gold.
We seek Safe Harbor.
Erika Flores condensed this news release (email@example.com).
Jatinder Singh Bal, Ian Graham, Dean Edward Pekeski
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