CasCan Mining acquires open pit metals mining project in Pascua-Lama

CasCan Mining of Santiago, Chile today announced that it has acquired an open pit silver and lead mine in the southern outskirts of the Atacama Desert.

Online PR News – 02-September-2020 – SANTIAGO CENTRO – CasCan Mining’s Pascua-Lama project is located near the Andes Mountains near the border with Argentina and consists of four concessions totaling 2,780 hectares.

The border of the Pascua-Lama Project area contains a large polymetallic vein deposit with over 80 different mineralized structures and is ideally located in the mountainous complex that hosts several mineral rich precious metal deposits.

CasCan Mining’s Operations Officer, Mr. Nicolas Silva commented on the Pascua-Lama project saying “From our analysis, mineralization at is controlled by a series of striking polymetallic silver and lead vein swarms, which have produced very rich metals. Our focus is to provide access to the main mineralized vein structure and then development a drift along the mineralized structure, to provide mineralized material for processing, and to provide access for future underground drilling.”

“We have excavated several mineralized structures being silver, lead and zinc with the main mineralized structure occurring over an estimated strike length of 1,300 meters. Our engineering team will cross-cut on four separate mine levels and they will collect chip samples taken from mineralized veins. We will also dig 180 meters underground to search for and delineate high-grade mineralization,” added Nicolas Silva, Operations Officer of CasCan Mining.

About Us - CasCan Mining

Since our formation in 2008, CasCan Mining has meticulously grown into shining example of how a successful investment in the South American gold and copper mining industry should be made. Starting with the taking of minor level holdings in some of Chile’s best performing and established multinational operations, while at the same time demonstrating to our respected partners our operational and exploratory skill set, we now find ourselves ideally placed to begin independent operation of our own.

Our focus of operations will continue to be Chile, with that country’s well established gold and copper mining industry receiving over $30 billion in foreign direct investment last year as strong demand from China helped to see average prices for copper stay around $7,245 per ton with gold prices hitting a high of $1,382 per ounce in May. Now as demand once again increases for both gold and copper, we stand poised to fully exploit this in a strategic and profitable manner for our shareholders and partners.

As CasCan Mining grows stronger still we invite you to learn more about the history and day to day operations of one of South America’s leading mineral exploration and mining companies as our continent stands center stage in the world’s market place for mineral commodities. With Chile ramping up investment into its mining industry ahead of expectations of ever higher demand for commodities, we find ourselves engaged in ever bolder expansion efforts across the breadth and scope of our structure.

Over the next twelve months plans that have been on in the pipeline for several years, will be brought to the fore as we like many of our competitors and partners take full advantage of the healthy climate of investment and rich natural resources being more than adequately being provided by South America’s largest mining producer, Chile.