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Toronto, Ontario--(Newsfile Corp. - August 7, 2024) - Cascada Silver Corp. (CSE: CSS) ("Cascada") announces that it has granted 14,010,000 stock options with 6,780,000 options granted to directors and officers of Cascada and 7,230,000 options granted to Cascada consultants. Each option entitles the holder to acquire one Cascada common share at an exercise price of $0.05 until August 8, 2027.
Mina Guanaca Drilling Program
At the Mina Guanaca Copper Property, preliminary mapping has been completed and drone-based topography will be finished shortly enabling Cascada to tie-in the existing mine infrastructure, exposed oxide copper mineralization, and historical drill pads. The completion of this compilation will allow Cascada to refine the location of the planned drill holes. Drilling is anticipated to commence this month.
NI 43-101 Technical Disclosure
The Qualified Person, as defined by National Instrument 43-101 of the Canadian Securities Administrators, for Cascada's exploration activities in Chile is Sergio Diaz, a resident of Santiago, Chile. Mr. Diaz is a Public Registered Person for Reserves and Resources N° 51, in Chile and is also registered in the Colegio de Geólogos de Chile under N° 315.
About Cascada Silver Corp.
Cascada is a mineral exploration company focused on exploration opportunities in Chile. Cascada's team of successful exploration professionals are dedicated to the discovery of mineral deposits that can be progressed into economically viable development projects creating value for all stakeholders.
On behalf of Cascada Silver Corp.,
Carl Hansen, CEO
Phone: 416-907-9969
For additional information, please contact us at: IR@cascadasilver.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to: plans for the evaluation of exploration properties; the success of evaluation plans; the success of exploration activities; mine development prospects; and, potential for future metals production. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "expects" or "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.