Cascada Silver cancels Mina Guanaca option agreement

Executive Summary

• Cascada Silver Corp. provided an update on its ongoing review of exploration project opportunities across the Andes, emphasizing a focus on silver and advanced copper‑gold projects.
• The company terminated its option agreement for the Mina Guanaca copper property after concluding that deeper, economically significant tonnage is unlikely despite positive near‑surface assay results.
• Cascada indicated it remains in discussions with multiple property owners as it works toward building a portfolio of advanced exploration assets.

Key Details

• The review of Andes‑wide exploration opportunities has taken longer than initially anticipated but has identified several prospective projects.
• Discussions are ongoing with various property owners to potentially acquire or partner on advanced silver, copper, and gold projects.
• No guarantee exists that Cascada will successfully negotiate acquisition agreements; the goal remains to establish a portfolio of advanced exploration properties.
• Mina Guanaca Cu property: recent drilling returned positive assays within the existing open pit area, but depth‑related tonnage potential is considered limited.
• Consequently, Cascada has terminated its option agreement for the Mina Guanaca property.

Notable Quotes

“Over the past months, Cascada has completed an extensive review of exploration project opportunities throughout the Andes with a particular focus on silver and advanced copper gold projects,” – Carl Hansen, CEO
“While the review process has taken longer than initially anticipated… we are nearing our goal of establishing a portfolio of advanced exploration properties.”

Safe Harbor Statement omitted for brevity.