SEATTLE, Nov. 14, 2003 (PRIMEZONE) -- Cascade Mountain Mining Company, Inc. (OTC BB:CSCA.OB - News), a Nevada mining and exploration corporation, announces today that two additional sites have been identified for further exploration at Cascade's Mazama Project located in northwest Washington State.
In addition to the current diamond drilling program at Diamond Drill Hole No. 1, Cascade has targeted two additional sites which in earlier samplings have exhibited exciting showings. The second target, initially identified as Area 8, shows an excellent surface copper oxide which has previously been reported to carry over 1% copper at the contact of the quartz diorite and the porphyry. Based on these results, the sample area has been extended to a width of 20 feet. Three additional samples have been submitted for evaluation to ALS Chemex of Vancouver, British Columbia.
An additional target located in the western portion of the main deposit has been reported to carry workings of copper and gold. These adits will be mapped, and these samples will additionally be submitted for evaluation.
According to Cascade Mining Chief Geologist Michael Skopos, ``The early results from these additional drill sites are encouraging. We are very pleased with these early reports. Initial samplings from Area 8 and the western portion of the main deposit have provided exciting new opportunities for further evaluation.''
About Cascade Mountain Mining
Cascade Mountain Mining, 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 their 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.
