October 26, 2017 / TheNewswire / Vancouver, British Columbia – Cache Exploration Inc. (the “Company”, or “Cache”), (TSX-V:CAY) is pleased to announce the complete assay results of the 2017 summer drill program at its 100% wholly owned Kiyuk Lake project in Nunavut.
Significant Release Highlights:
- KI17-004 at Rusty Zone returned 122m at 1.8 g/t gold from 188m down-hole in the Rusty Zone
- KI17-005 at newly discovered East Gold Point Zone intersected:
- 64m at 1.5 g/t gold from 35m and
- 10m of 6.5 g/t gold from 248m
- Prospecting samples returned:
- 5.57 g/t gold from west of the Rusty Zone
- 5.60 g/t gold grab sample from north of Kiyuk Lake and 1.1km from the newly identified Nansen target area
VP Exploration, Chris Pennimpede Comments:
“The discovery at East Gold Point is significant as it confirms that the extensive polymictic conglomerate unit is a favorable host to gold mineralization. Further exploration will continue to target these magnetite destructive features where they correspond with positive surface geochemical results in gold or pathfinder elements.
Additionally, the discovery of the Nansen target area through grid till sampling and prospecting, north of Kiyuk Lake, is also hosted in the same magnetitic polymictic conglomerate that hosts Gold Point and East Gold Point adding further to the prospective nature of this unit which has a 13km strike length extending on either side of Kiyuk Lake.
We are thrilled with the multiple new discoveries resulting from our modest 2017 program”.
DATE: OCTOBER 26, 2017