Pacific Cascade Minerals Inc. (the “Company”) is pleased to announce Mr. Eugene Hodgson has agreed to join the Company’s Advisory Board.
Mr. Hodgson has over 30 years of private and public sector experience and is Vice President Western Region of Corpfinance International Ltd., a merchant bank headquartered in Toronto specializing in P3 financing. Eugene began his public sector career in the Northwest Territories as Senior Policy Advisor on resource based projects. In the early 80’s he served as Executive Assistant to the Minister of the Environment, Lands, Parks and Housing in the British Columbia Government. His private sector experience includes Director of Investments for a mineral investment fund, First Exploration Fund, Director and Chief Financial Officer of Sea Breeze Power; and Director of Corporate Development for Intrawest, a TSE/ NYSE listed Company specializing in resort development. Eugene currently is a member of the board of directors of Timmins Gold Corp., (TSX – TMM, NYSE Amex – TGD) and Netchako Minerals Corp., Grandfield Pacific Inc., both private companies.
Harold Forzley, President of the Company states, “We are very glad Eugene has agreed to sit on our Advisory Board. He brings a wealth of knowledge and business experience in both the private and public sector as well as mineral exploration and production in Mexico.”
About the Company
Pacific Cascade Minerals Inc. (tsx.v:PCV) is a junior resource exploration company focused on opportunities both domestic and international. The Company has signed an agreement with Arcelia Gold Corp., a private company, to earn a 70% interest in a 9,846-hectare property, the “El Centenario” in the state of Durango, Mexico. Exploration on the El Centenario Project began in 2011 with the Company having expended the first year commitment of $1,000,000. Pacific Cascade Minerals also currently holds two molybdenum exploration properties in British Columbia, Canada.
About the Project
The El Centenario project is situated 15km southwest of the La Cienega mine (owned by Fresnillo PLC) a structurally controlled gold-silver-lead-zinc mineral deposit that has been in production since early? 1999. To date, the La Cienega mine has produced more than 2M oz of gold and 50M oz of silver. Additionally, the world-class Metates deposit (27m oz gold equivalent owned by chesapeake gold corporation (tsx-v:CKG) is located 10 km south-southeast of the El Centenario project. The project area encloses a historical, little-explored mining district that was active during the Spanish colonial times. The concession block
contains dozens of mineral prospects and an abundance of small-scale mine workings. The style of mineralization varies from epithermal, low sulfidation, fracture-filling vein-stock-work breccia systems to skarn and sediment-hosted enriched disseminated zones. The Company has recently completed a Phase 1 diamond drill program on the La Esperanza silver zone consisting of 12 holes as well as surface sampling and trenching. The Company is currently preparing plans to mobilize surface sampling and diamond drilling on the Santa Margarita gold zone located approximately 2 kilometers east of the La Esperanza zone.
For further information regarding Pacific Cascade Minerals Inc. and the El Centenario project please visit the Company’s website at www.pacificcascade.ca .
On behalf of the Board of Directors
President/CEO? Pacific Cascade Minerals Inc.
For more information contact Daniel Whittle, Investor Relations at: Telephone: (604) 637-1341 or e-mail [email protected]
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company’s intentions with
respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.