Cache Intersects Multiple Zones of Gold Mineralization from Drilling Hole 2 at its Kiyuk Lake Gold Project, Nunavut

Cache Exploration Inc. (the “Company”, or “Cache”), (TSXV:CAY) is pleased to announce that complete assay results have been received 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 10m at 2.6 g/t gold from 32m in the Rusty Zone

– 38m at 1.12 g/t gold from 58m and

– 4m at 4.2 g/t gold from 150m

Previously Released Results from KI17-001:

– 26.4 g/t gold over 8m from the Rusty Zone

– 6m at 5.7 g/t gold from 132m

– New style of alteration and mineralization intersected associated with high grade gold mineralization

Rusty Zone

KI17-002 was designed to target the potential eastward extension of gold mineralization from the known Rusty gold mineralization and is a step out hole of the discovery hole RU11-001 targeting the eastward extension of gold mineralization intersected in RU11-001 which intersected 37.8m of 4.18 g/t Gold (previously reported). Drill hole KI17-002 was drilled to a depth of 209.1m. Sections containing gold mineralization were coincident with strongly albite altered and brecciated sandstone with carbonate-actinolite infill from 32 meters to 154 meters.

Complete assays results from KI17-001 to the end of the hole were also received with no additional gold mineralization.

Assay Results Pending

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.

Drill Results Summary

New assay results from drilling below:

Hole ID
From (m)
To (m)
Length (m)
Gold (g/t)
Zone

KI17-002
32
42
10
2.60
Rusty

Incl.
32
36
4
9.90

KI17-002
58
96
38
1.16
Rusty

Incl.
68
76
8
3.98

KI17-002
150
154
4
1.20
Rusty

Incl.
152
154
2
4.17

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 390.2ppb gold. Several samples were above 50ppb gold and are considered highly anomalous. The dispersion of these anomalies may indicate additional sources of gold mineralization to the west and Continue Reading

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