Precious Metal Exploration

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Message: cay

cay

posted on Mar 11, 2010 06:20PM

Anyone out there know if these are good numbers? I have no idea what these elements even are. I would love to hear some educated thoughts if anyone has any.

CACHE EXPLORATION INC ("CAY-V")

- Acquires Three Rare-Earth Element Prospective Properties

Cache Exploration Inc ("Cache Exploration" or the "Company")

announced the business terms on March 5, 2010 under which two option

agreements to earn a majority interest in three rare-earth element

prospective properties were completed. Subject to regulatory approval,

finders fees of 50,000 common shares of Cache are due to Dehradun

Financial Inc. under the Welsford Option Agreement and finder's fees of

50,000 common shares of Cache are due to Taurus Management under the Cross

Hills and Louill Hills Option Agreement.

WELSFORD RARE EARTH PROPERTY

The Welsford Intrusive Complex is located in southern New Brunswick,

20km north of Saint John. Historic geological mapping and sampling

(Uranernz Exploration for Uranium 1980), with later trenching and drilling

has revealed significant Zr-Nb-Y-REE mineralization hosted within

peralkalic pegmatite-aplite dyke swarms that intrude the Welsford alkaline

granite.

Petrogeochemical studies (Seidler et al., 2005) have verified up to

18,500 ppm Zr, 1,710 ppm Nb, 1,713 ppm Y, 153 ppm U, 446 ppm Th, 1,268 ppm

Ce, and 198 ppm Yb in these dykes, which are concentrations comparable to

those found in the richest heavy REE deposits in the world. In the fall of

2009, Prof. David Lentz, Economic Geology Chair at the University of New

Brunswick, coordinated and oversaw the surficial sampling and analytical

program over the entire property. The results of this B horizon soil

program resulted in highly anomalous values for Lanthanum (La), Cerium (Ce)

and Neodymium (Nd), followed by Samarium (Sm), Europium (Eu), Terbium (Tb),

Ytterbium and Tantalum.

CROSS HILLS RARE EARTH PROPERTY

The Cross Hills REE Property is located northwest of the Town of Grand

Le Pierre, Newfoundland where numerous Zr-Nb-Y(-REE) occurrences can be

found within the peralkaline granite and adjacent host rocks. The property

is intersected by the English Harbour Road (Route 211) and has hydro and

other infrastructure in close proximity. Samples collected in the area by

Tuach Geological Consultants Inc revealed 6,328 g/t Zr and 316 g/t Nb,

which is indicative of significant rare earth potential in the area. The

most significant mineralization within the Cross Hills Plutonic Suite is

the Barks Pond showing, revealing 19,208 g/t Zr, 2,968 g/t Y, 1,860 g/t Nb,

1,550 g/t Ce, 725 g/t Th, and 90 g/t Sn, hosted within small aplite dyklets

and related veins that cut the peralkaline granite.

These analytical values, associated mineralogy, and peralkalic

affinity are similar to those of other very significant REE-Y deposits like

Thor Lake (NWT) and Strange Lake (QC-Labrador). Rockbridge Energy (V.RBE)

is also exploring rare earth prospective property contiguous to the Cross

Hills Rare Earth Property.

LOUILL HILLS RARE EARTH PROPERTY:

The Louill Hills Property is located on an eastern extremity near

Musgravetown, Newfoundland with Bunyans cove to the west, and Clarenville

(a seaport), 30km to the south. Access to the property is via Route 233, a

paved road, which crosses the property and other logging roads and trails

are available for access throughout the claim block. The property has

yielded samples with up to 570 ppm Y and 490 ppm Nb (Miller, 1989), making

it a highly favourable exploration target, relative to other REE targets in

Newfoundland. Cornerstone Resources (1998) have sampled the peralkalic

felsic volcanics along the shoreline, to the SW of Cache Exploration

claims, and have revealed 4,060 ppm Zr, 936 ppm Nb, and 312 ppm Y.

Extensive hematitic staining of the peralkalic rocks is associated with

higher radioactivity (300-400 cps), reflecting significant Zr-Nb-Y

mineralization in the region.

Copper occurrences lie on the eastern portion of the Louill Hills

Property, where historic sampling has shown very significant sulfide

mineralization, e.g., assays with up to 21.1% Cu, 1194 ppb Au, and 3.02

oz/t Ag; alkalic gold-rich porphyry copper deposits with high REE are not

uncommon.

ADDITIONAL INFORMATION

Cache Exploration is a well funded company with a focus on exploring

for Rare Earth Element deposits. The company presently has three advanced

projects in New Brunswick and Newfoundland, all exhibiting excellent

potential for rare earth mineralization and proximity to available

infrastructure. Prof. David Lentz, P.Geo. is a Qualified Person as

described in National Instrument 43-101 and is responsible for the

technical information contained in this news release.

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