Cascada Silver Corp. announce that it has staked the Golden Lake Property (the "Property") located 1,350 kilometers south of Santiago in Chile's Region XI. The Property, located adjacent to the western border of concessions owned by Minera Newmont Chile Ltda, overlies a portion of the Pollux Gold District which hosts of series of eroded gold-silver bearing veins identified by Homestake Chile SA ("Homestake") in the early 1990's. The Pollux Gold District was initially explored by Homestake who reportedly undertook geophysical surveys, collected 2,300 surface samples and completed 32 drill holes outlining two north-east trending, low-sulphidation vein systems. Homestake stopped work on the Pollux concession in 1993 to focus on the company's Volcan discovery in Chile's Region III.