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Gold/Mining/Energy : The Molybdenum Discussion Board
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From: brahma bull4/24/2007 9:41:29 AM
   of 3267
 
Pacific Cascades to purchase Duffy Lake claims

Pacific Cascade Minerals Inc (C:PCV)
Shares Issued 16,899,664
Last Close 4/20/2007 $0.32
Monday April 23 2007 - News Release

Mr. Craig Robson reports

Pacific Cascade Minerals Inc. has entered into an agreement with vendor 606896 B.C. Ltd. for the purchase of the Mo (molybdenite) claims in the Duffy Lake area of British Columbia.

The Mo property comprises 12 contiguous mineral claims totalling over 5,800 hectares approximately 40 kilometres east of Pemberton and 50 kilometres north of Pacific Cascade's principal property, the Crack Moly (molybdenum) project.

Initial prospecting revealed that the Mo property covers a large gossanous area underlain by granodiorite and quartz monzonite. Within the gossan, several mineralized zones and surface showings (now exposed due to receding glaciation), have been identified for further exploration. The area of surface mineralization (gossan) based on geological mapping and sampling is at least 300 metres by 500 metres in size. A limited three-dimensional induced polarization survey over a portion of the gossan reveals that the property could be underlain by a porphyry molybdenum/copper target.

The consideration for the Mo property is a one-time cash payment of $100,000 and the issuance of one million shares.

Completion of the acquisition is subject to regulatory approval.
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