cache exploration inc (CAY) Details
Cache Exploration Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company focuses on the exploration of rare earth elements and other metals, including copper, silver, and gold. It holds interests in a portfolio of properties located in New Brunswick, eastern and southeastern Newfoundland, southeastern Nunavut, and British Columbia. Cache Exploration Inc. was incorporated in 2005 and is based in Toronto, Canada.
cache exploration inc (CAY) Top Compensated Officers
Chief Executive Officer, President, Director ...
Total Annual Compensation: C$48.0K
Chief Financial Officer and Treasurer
Total Annual Compensation: C$42.0K
Compensation as of Fiscal Year 2012.
Cache Exploration Inc. Receives Results for Rare Earth Elements and Gold from the Jake Lee Project in New Brunswick
May 16 13
Cache Exploration Inc. announced that the company has received encouraging results for Rare Earth Elements (REE) and Gold (Au) from the Jake Lee Project in New Brunswick. The Jake Lee Property is under option from Geodex Minerals Ltd. The Property consists of 152 claims located in southern New Brunswick, approximately 30 kilometres west of the city of Saint John. The property contains the Jake Lee Mountain Granite. As a peralkaline phase of the Silurian age Saint George Batholith, the Jake Lee Mountain Granite is genetically related to the Welsford Granite, another phase of the Saint George Batholith, which is the host of the company’s Welsford REE Properties and which contains numerous rare earth element showings. In late 2012, the company carried out soil sampling and radiometric prospecting on the Jake Lee Property. A total of 204 B-horizon soil samples, 16 C-horizon soil samples, and 19 rock samples were collected and submitted to Activation Laboratories (Actlabs) in Fredericton, NB for sample preparation, followed by analysis at their Ancaster, Ontario facility for Code 1D enhanced instrumental neutron activation analysis (INAA). Additionally, 413 soil samples from the 2011 exploration program by Geodex were resubmitted to Actlabs for INAA to test for gold concentrations. In expanding the existing grid of B-horizon soil data, Cache confirmed the presence of at least two target areas of elevated REE’s in soil within the central region of the claim block and one in the extreme southwest part of the soil grid. The most notable and promising anomaly contains the highest heavy rare earth elements (HREE) in soil concentration of the area, with 56.21 ppm combined Europium (Eu), Terbium (Tb), Ytterbium (Yb), and Lutetium (Lu), and is extendable northeasterly with several other soil samples reporting between 12 and 50 ppm combined Eu-Tb-Yb-Lu, which were taken along a length of 440 metres. This anomaly is also coincidental with elevated concentrations of Tantalum (Ta), Hafnium (Hf), and Molybdenum (Mo). Other high REE concentrations in soil were also identified in various areas of the property. The C-horizon soil was locally tested to assess the potential for soil dispersion on the property, and by inference, the reliability of B-horizon soil data. While the B-horizon was found to be more Heavy Rare Earth Element (HREE) enriched and the C-horizon to be more Light Rare Earth Element (LREE) enriched, a relatively strong correlation was found between B-horizon and C-horizon concentrations of Uranium (U), Thorium (Th), and Hafnium (Hf). Locally elevated concentrations of REE-in B-horizon soil are also coincidental with elevated concentrations of REE-in C-horizon soil. It is believed that the local variations in LREE and HREE in soils are more a function of soil evolution and that soil dispersion has been minimal. The results of the rock samples submitted did not return significant values, although there is very limited exposure in the region. The highest reported result was a sample which contained 213.35 ppm Total Rare Earth Elements (TREE), including 28.55 ppm HREE. Note that TREE includes Lanthanum, Cerium, Neodymium, and Samarium as LREE, and Eu,Tb,Yb,Lu as HREE. The results of the reanalyses of the 2011 soils for gold concentrations proved encouraging and have identified a significant gold anomaly. One sample from the south-central region of the claim was found to contain 224 ppb gold in an area interpreted to be near the contact zone between the Jake Lee Mountain Granite and the Mascarene Group metasediments. This geologic area has been historically of interest for other metals - notably Zinc, Lead, Silver, and Copper. The 2012 exploration program at the Jake Lee Property has identified areas of interest which the company will evaluate for the provision of a follow up program. Such a program would include detailed radiometric prospecting in the areas showing elevated REE values in soil and from radiometric prospecting, and the extending of the B-horizon soil grid on the large region of the property that remains underexplored in the northern half and the westernmost extents of the Jake Lee Property. The REE anomalies and the gold anomaly on the property are of interest to the company and could result in a summer trenching program on the property to identify the bedrock sources of these anomalies.
Cache Exploration Inc. Receives Positive Results from Reassaying 2012 Drill Core for Molybdenum
May 13 13
Cache Exploration Inc. has received positive results from reassaying 2012 drill core for Molybdenum (Mo). Following the identification of anomalous Mo in drill core, Cache completed a review and additional sampling of core from drill hole WI-12-08 drilled in 2012 on the Welsford Inner Property. An additional 33 samples were submitted to Activation Laboratories in Fredericton, New Brunswick for sample preparation, followed by analysis at their Ancaster, Ontario facility for Code 1D enhanced instrumental neutron activation analysis (INAA). The positive results of the re-sampling program combined with the original sampling of the drill core are encouraging. The original core results reported a one metre sample with 0.69% Mo from 21.52 metres to 22.52 metres. The additional sampling confirms that the molybdenum mineralization is more extensive and includes 3.23 metres from 20.7 metres to 23.93 metres containing 0.24% Mo as well as 2.55 metres from 30.15 metres to 32.70 metres containing 0.10% Mo. Mineralization is potentially open at depth with 0.11% Mo reported near the bottom of the hole from 345.33 metres to 345.72 metres. The mineralization appears to occur as molybdenite (MoS 2) concentrated in veins and on fractures, and also disseminated within the granite. In addition to the promising results identified in the drill core, the company has evaluated the property's potential by reviewing the concentration of molybdenum in soil from the available soil sampling data. Including soil concentrations up to 74 ppm Mo, two notable Mo soil anomalies have been identified: one in the vicinity of the 2012 drill hole and the other towards the southwest of the 2012 drill hole and west of the 2010 drill hole. Based on the positive Mo results from the 2012 drill hole, the Company is confident there is potential of additional Mo mineralization in the 2010 drill holes.
Cache Exploration Inc. Announces Board Changes
Mar 28 13
Cache Exploration Inc. announced at its Annual and Special Meeting of Shareholders held on March 28, 2013, elected Mr. Jatinder (Jack) Bal as director and Mr. Van De Mosselaer chose not to run for re-election, however, he has agreed to continue to be available to the company on an as needed consulting basis.