Cache Exploration Inc. announced results from the sampling program on the Cross Hills IOCG Property in southern Newfoundland. Cache announced encouraging results from the October follow up program. All samples reported in this release were taken from outcrop.

All samples were submitted to, and prepared by, Activation Laboratories Ltd. in Fredericton, NB then forwarded to their Ancaster, Ontario facility to be analyzed by Code-1H instrumental neutron activation analysis and aqua regia ICP. A total of 63 samples including 46 grab, 16 channel cut, and 1 chip, were taken from the Cross Hills IOCG Property, including 54 from the area recently identified as the Dunn's Mountain Gold-Silver-Copper prospect. The October program at the Dunn's Mountain prospect has confirmed that the mineralization is primarily vein hosted and/or proximal to quartz-hematite veins.

These veins and their marginal contact zones contain localized enrichment of copper, gold, and often silver. Overall, sulfide minerals appear to be restricted to zones of copper enrichment, primarily as chalcocite with abundant malachite staining. Numerous additional mineralized samples were located along two trends: a southeast-northwest trend first identified in June 2012, and perpendicular to that, a northeast-southwest striking mineralized quartz-hematite vein noted in the October follow-up.

Along the southeast-northwest trend, quartz-hematite veining is noted but not specifically associated with the mineralization; whereas along the northeast-southwest trend, mineralization is confined to the western marginal contact zones to a 20 to 40 centimetre estimated true width quartz-hematite vein. The highlights from the sampling at the Dunn's Mountain prospect: the highest-grading sample, 12-CHLB-04, was a grab sample taken from the mineralized area in the western contact zone of a northeast-striking, 35 centimetre estimated true width quartz-hematite vein. Sample 12-CHLB-06 was a channel cut across the vein including 30 centimetres of marginal contact rock towards the western and eastern vein margins.

In addition to the encouraging results from the Dunn's Mountain prospect, additional mineralization was noted less than one kilometre to the south, at the previously identified Carroll's Hat prospect. This prospect, a southeast-northwest striking quartz vein 10 to 15 centimetres estimated true width, was previously identified by UCore in 2008 as a uraniferous target, where malachite staining was also noted, but the samples are not known to have been analyzed for copper. Samples 12-CHLB-15 tested the quartz vein including 10 centimetres of mineralized margin on either side; whereas 12-CHLB-16 was a grab sample specifically of the mineralized margin.