SEATTLE, July 12, 2004 (PRIMEZONE) -- Cascade Mountain Mining Company, Inc. (OTCBB:CSCA), a Nevada mining and exploration corporation, announced today continued good assay results from Mazama Project. Excellent precious and base metal assays have been returned from Cascade's underground work at the Mazama Washington Project.
The lower adit continues to show significant gold assays from the two parallel shear zones:
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Zone 1 Width Cu % Mo ppm Au oz/ton Ag oz/ton
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M1 4.5' 0.064 142 0.005 0.006
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M2 5.0' 0.590 214 0.190 0.080
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M3 5.0' 0.080 35 0.010 0.020
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M4 8.0' 0.110 38 0.006 0.006
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Averages 5.6' 0.2 % 99 0.047 0.03
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Highest assay 0.19 oz/ton
Total average of 7 assays completed to date:
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Averages 5.3' 0.15 80 0.04 0.03
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Zone 2 Width Cu % Mo % Au oz/ton Ag oz/ton
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M5 5.5' 1.49 0.03 0.46 3.00
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M6 6.0' 0.88 0.02 0.33 3.32
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M7 7.0' 0.80 0.03 0.10 3.00
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Averages 6.2' 1.03 0.03 0.28 3.11
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Previous
assay 7.0' 0.77 0.014 0.14 2.92
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The averages of Zone 2 of the 4 assays:
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Width Cu % Mo % Au oz/ton Ag oz/ton
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6.4' 0.96 0.023 0.243 3.06
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As of May 7, 2004 the following metal prices were used for the
calculations:
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Copper $1.20 per pound
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Molybdenum $16.00 per pound
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Gold $375.00 per ounce
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Silver $5.50 per ounce
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Total gross value $139.36 per ton
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Copper equivalent of 5.71% and/or the gold equivalent of 0.37 oz/ton
According to Cascade Mining Chief Geologist Michael Skopos, "The results from the channel samples are encouraging. Zone 2 showed remarkable continuity in all four metals pointing to the necessity to continue further exploration and drilling. "
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.