Cache Ex­plo­ration drills 38 m of 1.12 g/t Au at Kiyuk

Stockwatch Daily - - MINES & METALS - Mr. Jack Bal re­ports

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.

Rusty zone

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 (erikaf@stock­watch.com).

Jatin­der Singh Bal, Ian Gra­ham, Dean Ed­ward Pekeski

(CAY) Shares: 42,566,736

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