CasCan Mining is pleased to announce that drilling has commenced at the open pit silver and lead mine at the Pascua-Lama silver and lead mine site.
Online PR News – 26-February-2021 – SANTIAGO CENTRO – CasCan Mining’s silver and lead exploration project is located in the southern outskirts of the Atacama Desert and has a distance spanning over 950 square meters.
CasCan Mining’s Operations Officer, Mr. Nicolas Silva commented on the drilling commencement saying “We are extremely happy that we have been able to get going at the Pascua-Lama deposit. We will be using 2 diamond drill rigs as part of the ongoing drilling program. We have started drilling the first hole at a current depth of 198 meters with additional visible mineralization occurring at a depth of 129 meters.”
“The second planned drilling hole stands at a current depth of 108 meters and visible mineralization should occur from a depth of 73 meters. The Pascua-Lama deposit is considered a high-quality resource site with the soil ratio containing geochemical highs centered upon rock mineralization which will result in excavating high quality silver and lead,” added Nicolas Silva, Operations Officer for 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.