CasCan Mining is pleased to provide an update on its rare earth drilling exploration activities at its Zamora Chinchipe Project site in southern Ecuador.
Online PR News – 04-May-2021 – SANTIAGO CENTRO – CasCan Mining’s Geologists carried out a succession of drilling tests over the last few months and the results have determined high quality magnetic data which reveals a highly magnetic surface mineralization covering a vertical extent of up to 1200 meters.
CasCan Mining’s Operations Officer, Mr. Nicolas Silva commented on the Zamora Chinchipe Project saying “Our geologists have found that extensive porphyry litho-caps and copper and gold mineralization are typical of the surface expression of large fertile porphyry copper and copper-gold resources and our data is geologically consistent with regional distribution of porphyry deposits.”
“The potential of gold and copper and is enormous in this isolated and virtually unexplored region of southern Ecuador and this project is very exciting for analysts and geologists. The Zamora Chinchipe has excellent potential for CasCan Mining to deliver world class resources and we will be using a state-of-the-art 3D magnetic enhanced drill which is capable of exploring the clusters of the fertile porphyry surface,” 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.