VANCOUVER, BC, March 3,
2025 /CNW/ - Cascadia Minerals Ltd.
("Cascadia") (TSXV: CAM) (OTCQB: CAMNF) is pleased to
announce its fully-funded exploration plans for the 2025 field
season. Work will include drilling at the Catch copper-gold
porphyry and gold-silver epithermal project and further work to
advance its Macks, Milner, Rosy and Idaho Creek properties.
Highlights
- Diamond drilling at the Catch Property to focus on the Volt and
Amp zones, testing both copper-gold porphyry and high-grade
gold-silver epithermal mineralization:
- 400 m of drilling is planned at
the Amp Zone, where 2024 prospecting identified a new outcrop
returning 1,065 g/t gold with 267 g/t silver; and
- 700 m of drilling is planned at
the Volt Zone, where an extensive area of copper-gold
mineralization is observed in float samples.
- Prospecting, mapping and geophysics at the Macks Property will
evaluate a new 2.2 x 2.0 km copper-molybdenum soil
anomaly coincident with a regional 1.2 x 1.2 km magnetic low,
and follow up on skarn rock chip sampling which returned 1.20%
copper with 2.26 g/t gold and 68.3 g/t silver over 2.0 m;
- Prospecting at the Rosy Property will follow up on a 3.0 x
2.5 km gold soil anomaly with quartz veins returning up to
35.92 g/t gold with 32.4 g/t silver in outcrop;
- Work at the Milner Property will evaluate a new 2.4 km x 1.8
km copper soil anomaly through prospecting and mapping;
and
- Prospecting at the Idaho Creek Property will follow up on
historical silver-gold-lead-zinc intermediate sulfidation veins as
well as potential for an intrusion-related gold system.
"We're very excited to get our 2025 exploration program
underway," stated Cascadia's President and CEO, Graham Downs, "The discovery in 2024 of
extremely high-grade gold-silver mineralization at the Amp Zone is
a game changer for Cascadia, and we're excited to test this target
with the drill in 2025. We will also continue systematically
exploring the porphyry targets at Catch, and advancing the other
properties in our portfolio. This work program is fully-funded, and
we will be well-positioned to expand our workplan as market
conditions improve with continued strength in commodity
prices."
Figure 1 – Amp Zone Drilling Plan
Figure 2 – Volt Zone Overview
Figure 3 – Volt Zone Drilling Plan
Figure 4 – Macks Overview
Figure 5 – Rosy Overview
Figure 6 – Milner Overview
Figure 7 – Idaho Creek Overview
Catch Property Exploration
The 119 km2 Catch Property is located in
central Yukon, 50 km southeast of
the town of Carmacks, within the
traditional territory of the Little Salmon Carmacks First Nation,
in an underexplored part of the Stikine Terrane – a key geological
terrane which extends from the Golden Triangle in British Columbia into Yukon. The property is only 10 km from an
all-season highway and powerline and has no documented historical
exploration before 2020.
Work in 2025 is planned to focus on the Amp and Volt zones. At
the Amp zone, two to three shallow drill holes, totaling
approximately 400 m, will test
high-grade epithermal gold-silver mineralization discovered in
outcrop in 2024. One sample returned 1,065 g/t gold with 267 g/t
silver, with nearby follow-up samples returning 187.0 g/t
gold with 33.9 g/t silver, and 141.0 g/t gold with 45.2 g/t
silver. These samples are located within a highly silicified
basalt associated with elevated arsenic and antimony geochemistry.
Significant copper mineralization has also been encountered in rock
samples at Amp, with 2023 sampling returning 2.13% copper in
outcrop. Crews will also conduct prospecting and mapping at this
target to better understand the distribution of mineralization, and
the relationship between the high-grade gold and copper zones.
At the Volt zone, located 1 km north of Amp, drilling will
target the as-yet unidentified source of significant copper-gold
mineralization in float across a 500 x 500
m area, where 258 rocks returned an average grade of
0.32% copper with 0.70 g/t gold. This mineralization is
located within a landslide which has shifted it from source by up
to 250 m. Crews will begin by
completing a comprehensive mapping and surficial geology study to
refine drill targeting, with up to 700
m of diamond drilling planned in three or four holes.
The Spark zone, the focus of Cascadia's 2024 drilling, remains
open in multiple directions. A comprehensive core review will be
conducted this spring with a leading porphyry expert to refine
future drill targets. A geophysical interpretation has
identified key structural controls in the area, and a string of
potential intrusive centers extending to the northeast from the
drilled target. Hand pitting will be completed to sample bedrock in
these areas, with additional geophysics and diamond drilling to be
considered later in the season.
Macks Property Exploration
The 71 km2 Macks Property was staked by Cascadia in
2023. It is located 43 km south of Carmacks within the traditional territory of
the Little Salmon Carmacks, Champagne and Aishihik, and Kwanlin Dun
First Nations. The property is 10 km from the Klondike Highway and
powerline and is currently accessed by helicopter. There is an
overgrown bulldozer trail to the property, which could potentially
be reactivated for future programs.
Exploration in 2025 will focus on a new 2.2 by 2.0 km
copper ± molybdenum soil anomaly identified in
2024, where a chip sample from a magnetite skarn outcrop returned
0.49% copper with 0.12 g/t gold and 4.7 g/t silver over
1.50 m. The soil grid will be
extended and infilled, while additional prospecting and mapping is
completed in the area. A ground magnetics survey will also be
completed to provide better resolution on a magnetic low response
shown on regional government geophysics. Prospecting will be
completed across the property, including near a magnetite skarn in
the southeast which returned 1.20% copper with 2.26 g/t gold and
68.3 g/t silver over 2.00 m.
Rosy Property Exploration
The 61 km2 Rosy Property is located 77 km east of
Whitehorse, adjacent to the Red
Mountain molybdenum deposit. The road-accessible property is within
the traditional territory of the Teslin Tlingit Council. Previous
sampling on the property has identified numerous low sulphidation
epithermal quartz-carbonate veins hosting gold-silver
mineralization. Exploration in 2025 will follow up on previous
sampling, which returned up to 35.92 g/t gold with 32.4 g/t
silver. Crews will work to map and extend the vein systems, to
prepare for future drilling of the property.
Milner Property Exploration
The 43 km2 Milner Property was staked in 2023 after
prospecting returned an outcrop sample grading 0.45% Cu with
0.24 g/t Au, 5.0 g/t Ag and 34 ppm Mo in an area with no
documented historical exploration. It is located 80 km
northeast of Whitehorse within the
traditional territory of the Ta'an Kwäch'än Council and Little
Salmon Carmacks First Nation. The east side of the property
overlies the Livingstone Airstrip, with numerous active placer gold
mining operations located nearby. Work in 2025 will consist of
prospecting and mapping to follow up on a 2.4 x 1.8 km copper
soil anomaly in the core of the property that was identified in
2024.
Idaho Creek Property Exploration
The 14 km2 Idaho Creek Property is located 130 km
northwest of Carmacks, adjacent to
Western Copper and Gold's Casino Project. Located along the
proposed Casino access road, the property lies within the
traditional territory of the Selkirk First Nation. Idaho Creek has
numerous gold-silver-lead-zinc intermediate sulphidation epithermal
veins, with drill results including 417 g/t silver with 1.26 g/t
gold, 8.17% lead and 4.40% zinc over 0.85
m in hole ID-07-03. There is also intrusion-related gold
potential on the eastern portion of the property, where 2006 RC
drilling returned 122 m of 0.12
g/t gold with 1.93 g/t silver. Grade in this hole was
increasing with depth and ended in mineralization. Work in 2025
will consist of prospecting and mapping to follow up and expand
both the epithermal vein and intrusion-related gold targets.
Corporate Update
Cascadia announces that its VP Exploration, Adam Coulter, will be leaving the company
effective March 8th, to
pursue another opportunity. While he will be leaving this role, Mr.
Coulter will be joining Cascadia's Technical Committee as advisor
to the company, providing continuity of operations and transfer of
geological knowledge. The Cascadia team greatly appreciates Adam's
leadership and wishes him well in his future endeavours. Cascadia
continues to have a strong in-house geological team in place and
planning for the field season will continue uninterrupted.
"On behalf of the Cascadia team and board, I would like to
acknowledge and sincerely thank Adam for his dedication and
contributions he's made to the company," stated Cascadia's
President and CEO, Graham Downs,
"Having worked for Cascadia and its predecessor company for
almost a decade, Adam has built and mentored a very strong
exploration team that will continue to be guided by him and the
highly engaged technical committee. We wish Adam nothing but the
best as he advances his career in his new position."
The Company further announces the appointment of Shayla Forster as Corporate Secretary. Ms.
Forster has extensive experience in providing corporate
secretarial, governance, compliance, facilitating financings and
disclosure consulting services to numerous publicly listed issuers,
including companies listed on the TSX Venture Exchange, Canadian
Securities Exchange and OTCQB. Ms. Forster will be replacing
Glenn Yeadon who has been Cascadia's
and its predecessor company's Corporate Secretary for over 20
years.
"We are delighted to have Shayla join our team, and the board
and I would like to offer her a very warm welcome. Furthermore, I
would like to express my sincere gratitude to Glenn for his years
of dedicated service and his unwavering professionalism in all
aspects of his work," stated Graham
Downs, President and CEO.
About Cascadia
Cascadia is a Canadian junior mining company focused on making
new copper and gold discoveries the Yukon and British
Columbia. Cascadia's flagship Catch Property in the
Yukon hosts a brand-new
copper-gold porphyry discovery where inaugural drill results
returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold.
Catch exhibits extensive high-grade copper and gold mineralization
across a 5 km long trend, with rock samples returning peak values
of 3.88% copper, 1,065 g/t gold, and 267 g/t silver.
In addition to Catch, Cascadia is conducting exploration work at
its Macks and Milner properties – recently staked Catch analogues
within Yukon's Stikine Terrane
which have additional copper porphyry targets. Cascadia has
approximately 70 million shares outstanding and its largest
shareholders are Hecla Mining Company, Michael Gentile and Barrick Gold.
Results referenced in this release represent highlight results
only. Below detection values for gold, copper, silver and
molybdenum have been encountered in soil and rock samples in these
target areas.
The technical information in this news release has been approved
by Adam Coulter, M.Sc., P.Geo., VP
Exploration for Cascadia and a qualified person for the purposes of
National Instrument 43-101.
On behalf of Cascadia Minerals Ltd.
Graham Downs, President and
CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Cautionary note regarding forward-looking statements:
This press release may contain "forward-looking information"
within the meaning of applicable securities laws. Readers are
cautioned to not place undue reliance on forward-looking
information. Actual results and developments may differ
materially from those contemplated by these statements. The
statements in this press release are made as of the date of this
press release. The Company undertakes no obligation to update
forward-looking information, except as required by securities
laws.
SOURCE Cascadia Minerals Ltd.