SEATTLE, Nov. 13, 2003 (PRIMEZONE) -- Cascade Mountain Mining Company, Inc. (OTCBB:CSCA) a Nevada mining and exploration corporation, announces today that diamond drilling has commenced at Cascade's Mazama Project located in northwest Washington State.
Results from early samplings at Diamond Drill Hole #1 have intersected sulfide mineralization from two through 72 feet. This hole is being drilled to test and confirm previous copper values and possibly additional values in molybdenum gold and silver from samplings previously taken from three Mazama Project drill sites. These three sites have been selected based on historical data. These sample analysis and results were certified by ALS Chemex of Vancouver, British Columbia.
The host rock at Diamond Drill Hole #1 appears to be an altered quartz diorite porphyry, with the sulfides occurring in disseminated blebs and in veinlets. To date 600 feet of diamond drilling has been completed at Drill Hole #1, with initial essays returned from ALS Chemex Laboratories are as follows:
Diamond Drill Hole #1
75 degree angle - East Bearing
Footage Width Cu % Mo ppm Au ppm Ag ppm
2' - 12' 10' 0.05 9 0.005 0.2
12' - 22' 10' 0.22 43 0.024 0.4
22' - 32' 10' 0.34 14 0.020 0.8
32' - 42' 10' 0.26 39 0.020 0.5
42' - 52' 10' 0.32 26 0.022 0.6
52' - 62' 10' 0.22 31 0.018 0.4
62' - 72' 10' 0.212 12 0.018 0.4
According to Cascade Mining Chief Geologist Michael Skopos, "We are very pleased with these early reports. The initial drill results from Diamond Drill Hole #1 appear encouraging and we look forward towards further evaluation."
About Cascade Mountain Mining
Cascade Mountain Mining, www.Cascade-Mining.com, owns 31 mining claims, which encompasses the Mazama Project. The Company is in the process of confirming previous exploration work that was started in 1963 by Bear Creek Mining (the exploration division of Kennecott), Brenda Mines (Noranda), Exxon Minerals, and others. Cascade was formed in 2002 to develop these and other reserves subject to the economics. The Company intends to concentrate entirely solely on claims that become available that have been "worked". This means the claims have known ore reserves where data is available on test borings and analysis which shows that a mining operation is marginally profitable or close to breakeven, given the mining techniques and commodity price of the metals extracted at the time. Cascade Mountain will re-evaluate such analysis, typically by adding more testing and by "upgrading' the ore-to-waste ratio. This is done by employing the newest mining technology, employing state-of-the-art 3-dimensional computer modeling and targeting the enriched areas of a group of claims.
Safe Harbor Statement
The statements contained in this news release that are not historical facts may be statements regarding the Company's future that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe the Company's hopes, plans, objectives, goals, intentions or expectations are all forward-looking statements. Any such statements made herein about the Company's future are only made as of the date of this news release. Numerous factors, many of which are beyond the Company's control, may affect actual results. The Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.