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New Listing: Cascada Silver (CSE:CSS)

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Cascada has four properties under option in Chile, including the historic Agua Amarga property where high-grade epithermal silver-bearing veins were mined during the 19th century.

Additional Information:

Company: Cascada Silver
Website: http://www.CascadaSilver.com
Stock Symbol: CSE: CSS
Date Published: Mar 15, 2021
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Cascada Silver, a mineral exploration company focused on silver and gold exploration in Chile, is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “CSS”.

The company raised gross proceeds of $4,489,000 from the placement of 44,890,000 special warrants, priced at $0.10 per warrant.

These warrants were converted into 49,379,000 units, which consisted of 1 share and 1 warrant, with the warrant exercisable at $0.15 for 36 months.

The shares are trading at $0.105.

Mackie Research Capital acted as sole agent on the offering.

Cascada has four properties under option in Chile, including the historic Agua Amarga property where high-grade epithermal silver-bearing veins were mined during the 19th century.

The 1,465 hectares high-grade Agua Amarga Silver Property is located approximately 30 km south of the City of Vallenar in the Atacama Region of northern Chile.

A historical article, published in 1812, reported 86 silver veins being mined at Agua Amarga with grades varying from 3,078 grams per tonne to 41,035 grams per tonne silver.

Cascada is earning a 100% interest in Agua Amarga.

The GEMA Concessions are a group of three properties located in Chile’s Maricunga Mineral Belt, an area Cascada’s management team knows well having worked in the Maricunga Belt for over twenty years and discovering two deposits.

All three properties have in the past been the focus of small scale artisanal miners who mined gold silver veins at Marilin and El Gringo or copper breccias at Guanaca.

Carl Hansen, CEO, stated: "We are pleased that Cascada will start trading on the CSE and, with approximately $3.7 million in the treasury, we can now focus on ramping up our exploration activities in Chile. We have had field crews active on the ground at Agua Amarga for the past month conducting mapping and structural analysis of the silver vein systems in preparation for a drilling program to commence during the second quarter of 2021. In addition, we will now mobilize field crews onto our Marilin and El Gringo silver-gold-copper properties to start sampling programs."

For more information, please visit the company’s website www.CascadaSilver.com, contact Carl Hansen, CEO, at 647-287-3778 or by email at info@CascadaSilver.com.

I’m Megan Edwards for Investmentpitch Media