HINT on drilling results pending
CACHE EXPLORATION is currently driling their Welsford REE Property
Cache Exploration Inc. is also pleased to provide an update on the exploration program at the 262 claim Welsford REE (rare earth element) Properties in New Brunswick. Dr. David Lentz, P.Geo., is a Qualified Person as described in National Instrument 43-101 and is responsible for the technical information contained in this news release.
The Company signed a contract in December 2010 with Vic Progressive Drilling Inc. of Sussex, New Brunswick to commence drilling at the Welsford REE Properties. Hole 1 has been completed to 99 metres. Hole 2 has been completed to 160 metres. Hole 3 has been completed to 113 metres. Hole 4 and Hole 5 are currently underway with two drills. The six hole Phase 1 program is expected to be completed by mid January.
Here is a historical report on the deposit that should provide a good hint as to what the results will be. I think that if Cache hits on their drilling the stock price will go above $1. The Welsford property is located in St John New Brunswick and can be developed IMMEDIATELY...unlike the deposits like Thor and Strange Lake which are located in the boonies.
Check out the historical report to get and idea of what CACHE might find.
You will need to click on Report 475385 to get the historical results for the Welsford property