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PROJECT SUMMARY
The Cascadero Copper property consists of 109 claims comprised of 1,315 units and covers an area of approximately 32,875 hectares in the Toodoggone region of north central British Columbia. It hosts 22 mineral prospects and showings, eight of which are being prepared for diamond drill programs. Of those eight prospects and showings, one is classified as an advanced exploration prospect, while the remaining 7 are classified as early stage. The property is 100% owned by Cascadero, subject to a 3% net smelter return royalty.
The Toodoggone volcanic arc has been subject to various exploration programs by several major and junior companies from the 1960s to the present. The Toodoggone is recognized as a densely mineralized area with three styles of mineralization: porphyry copper-gold; epithermal gold-silver with base metals; and, iron skarn with gold-silver and base metals.
The area is host to several developed epithermal gold-silver deposits and undeveloped epithermal prospects, four past-producing epithermal gold and silver mines, several porphyry prospects that require more exploration and undeveloped skarn showings. The area also hosts the producing Kemess South 50,000 tonne-per-day open pit porphyry copper-gold producer and the developed Kemess North copper-gold porphyry deposit. The latter two deposits are controlled by Northgate Minerals Corporation.
The Cascadero property hosts 22 separate mineral occurrences, some of which are spatially related in a relatively small area, but exhibit somewhat different styles of mineralization and alteration characteristics. This is due to the possibility that there may be a genetic link to the mineral systems in this district and they may represent an alteration continuum. In addition, there are areas with evidence of large-scale copper-gold mineralization.
The Cascadero property is believed to be geologically prospective for large-scale mineral resource discovery based on the data complied from recent and historical exploration. The property hosts several prospects that exhibit styles of mineralization, alteration assemblages and have a structural setting similar to that found at Kemess South and Kemess North. The property also has epithermal prospects that exhibit potential for epithermal style gold and silver mineralization found at the Lawyers, Baker and Shasta deposits, which are related to a major northwest trending fault system that cuts through the western part of the Cascadero property with smaller-scale north, northeast and east trending cross-cutting faults. The intersections of this structural setting provide the ground conditions for mineral deposition and appear to be the loci of certain prospects on the Cascadero property.
The dominant style of mineralization and the exploration targets on the Cascadero property are expected to be intrusion and volcanic hosted porphyry copper-gold systems. Cascadero will focus on the exploration of these large-scale copper-gold prospects.
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