Cascadia Provides Exploration Update, Announces AGM Results and Grant of Options
Cascadia Provides Exploration Update,
Announces AGM Results and Grant of Options
VANCOUVER, BC
,
June 26, 2025
/CNW/ - Cascadia Minerals Ltd. ("
Cascadia
") (TSXV: CAM)
(OTCQB: CAMNF) is pleased to provide an update on phase one exploration activities at its Catch
Property in
Yukon
. Cascadia also announces the results of its 2025 Annual General Meeting of
shareholders (the "
Meeting
"), and the granting of incentive stock options and restricted share units.
Amp Zone (CNW Group/Cascadia Minerals Ltd.)
Catch Phase One Exploration Update
:
The
first ever diamond drill holes
at the Amp Zone were completed with a total of
741.50 m
drilled in five holes testing an outcrop which returned
1,065 g/t gold with 267 g/t silver
in 2024
prospecting (Figure 1);
Field crews identified
two discrete zones of surface alteration
at Amp, one corresponding
with the high-grade gold outcrop samples, and one corresponding with nearby high-grade
copper samples (2.13% copper in subcrop sampled in 2023);
The Amp Zone is interpreted to be an
intermediate sulphidation epithermal
zone based on
observed mineralogy, vein textures and elemental signature; and
Comprehensive field mapping has provided a much better understanding of the potential source
of mineralisation at the Volt Zone, preparing it for drilling in a future phase of work.
"
We have had a very productive start to the exploration season at Catch
," said
Graham Downs
,
President and CEO. "
Our team now has a much better understanding of the nature of
mineralization at Amp and Volt. Based on the scale of the alteration present at Amp, we allocated
the full Phase 1 drill program to testing this target. Volt remains a compelling target, and we look
forward to drill testing it in future work phases. Our crews will go on a short break before we
transition to prospecting and mapping programs at Macks, Milner, Rosy and Idaho Creek while we
await assay results from Catch.
"
Catch Property Exploration Overview
The 2025 phase one exploration program at Catch consisted of
741.50 m
of diamond drilling in five
holes at the Amp Zone, as well as the collection of 109 prospecting rock samples and 319 soil
samples. Field crews spent two weeks prospecting and mapping the Amp and Volt zones prior to
drilling.
At Amp, a series of northeast striking alteration zones were identified at surface, corresponding with
previous rock samples which returned high copper and gold grades (Figure 1). These zones vary in
width and appear to be steeply dipping to the south. A total of five diamond drill holes were
completed targeting these zones, with all holes encountering silicified zones, as well as varying
amounts of pyrite±sphalerite±chalcopyrite. Based on the observed vein textures and mineral
assemblage, the mineralization is interpreted to be intermediate sulfidation in nature.
Holes CA-25-011 and CA-25-012 were drilled immediately under the outcrop which returned 1,065
g/t gold with 267 g/t silver in 2024 prospecting. Hole 11 targeted the zone approximately
25 m
below
surface, and Hole 12 was a deeper undercut.
Holes CA-25-013 and CA-25-014 were drilled
50 m
to the northeast, along the projected strike of
the alteration zone. Hole 13 was a shallower test, with Hole 14 as a deeper undercut.
Hole CA025-015 was collared
100 m
north of Hole 11, targeting the high-grade gold outcrop from a
different drill orientation, to test a second orientation in case the mineralization is orthogonal to the
interpreted alteration zone.
Crews are in the process of finishing the logging of drill core and are diligently working to cut
samples and prepare them for shipment to the assay laboratory. Turnaround times can vary
significantly in summer, which is peak
Yukon
exploration season. Cascadia will provide further
updates as soon as results are received and reviewed.
Crews also conducted comprehensive prospecting and mapping at the Volt Zone, to identify the
bedrock source of significant mineralization in float across a
500 m
area. The Volt Zone has a
localized landslide at surface which was remobilized material up to several hundred metres from
source, complicating the ability to target it in drilling. During the prospecting program, several new
outcrops with encouraging alteration on the periphery of the slide area were identified and sampled.
The next phase of work will comprise prospecting and mapping at Cascadia's earlier-stage projects,
Macks, Milner, Rosy and Idaho Creek, while assay results are pending from Catch.
Annual General Meeting
Cascadia's Annual General Meeting of shareholders was held on
June 25
th
, 2025. All seven director
nominees listed in the Management Information Circular dated
May 13, 2025
were elected.
"On behalf of the Cascadia team and board, I would like to officially welcome
Paul West-Sells
to
Cascadia's board of directors. Paul's previous experience on the Carmack's Copper Project while
with Western Copper Corporation coupled with his Ph.D. in Metallurgical Engineering and
extensive project development experience will be an invaluable benefit to Cascadia as we advance
our projects."
The resolutions approving the appointment of the Company's auditors and renewal of the Omnibus
Equity Incentive Plan (the "
Plan
") were also passed.
At the Meeting, a total of 23,451,278 shares were voted, representing 33.07% of Cascadia's issued
and outstanding common shares.
The voting results for the election of Directors are set forth below:
Name
Votes For
% Votes For
Votes Withheld
% Votes Withheld
Graham Downs
23,435,752
99.93 %
15,526
0.07 %
Bruce Youngman
23,435,752
99.93 %
15,526
0.07 %
James Gray
23,308,463
99.39 %
142,815
0.61 %
Maureen Upton
23,398,088
99.77 %
53,190
0.23 %
James Sabala
23,298,748
99.35 %
152,530
0.65 %
Kurt Allen
23,435,702
99.93 %
15,576
0.07 %
Paul West-Sells
23,400,028
99.78 %
51,250
0.22 %
The voting results for the additional resolutions are set forth below:
Resolution
Votes For
% Votes For
Votes Against
% Votes Against
Appointment of
Auditors
23,416,686
99.85 %
34,592
0.15 %
Renewal of
Omnibus Equity
Incentive Plan
23,281,154
99.27 %
170,124
0.73 %
Equity Incentive Plan Grants
Cascadia also announces the granting of incentive stock options (the "
Options
") to its directors,
officers, employees and consultants, pursuant to the Plan, entitling them to purchase up to
2,400,000 common shares at a price of
$0.17
per share. These options have a term of five years
and will vest on a quarterly basis, commencing three months from the date of grant.
In addition, Cascadia also announces the granting of 405,000 Restricted Share Units ("
RSUs
") to
certain of its executive officers and key employees pursuant to the Plan. These RSUs will vest one-
third per year commencing one year from the date of grant.
Further terms of the RSUs and Options can be found in the Plan, which is summarized in Cascadia's
information circular dated
May 13, 2025
, as filed on SEDAR+ at
www.sedar.ca
under the Cascadia
Minerals Ltd. profile.
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.
Cascadia and Granite Creek Copper Ltd. recently announced a merger, whereby Cascadia will
acquire all outstanding shares of Granite Creek by way of a plan of arrangement (see news release
dated
June 9, 2025
). Granite Creek is a growth stage exploration company, focused on the
acquisition and development of exploration properties that host, or have the potential to host,
precious base or critical minerals. GCX's flagship asset is the Carmacks Project in the high-grade
Minto
copper district in
Yukon Territory, Canada
. The project is located south of and within 35km of
the
Minto
mine.
QA/QC
The technical information in this news release has been approved by
Austin Schneebeli
, P.Geo.,
Senior Geologist for Cascadia and a qualified person for the purposes of National Instrument 43-
101.
Prospecting grab samples referenced in this release represent highlight results only, and include
results from 2024 and previous seasons. Below detection values for copper, gold and silver have
been encountered in grab samples in these target areas. For more details on Catch drilling and
prospecting results, please see Cascadia's News Releases dated
July 25, 2024
, and
July 19, 2023
.
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.
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For further information:
For further information, please contact: Andrew Carne, M.Eng., P.Eng.,
VP Corporate Development, Cascadia Minerals Ltd., T: 604-688-0111 ext. 106,
CO: Cascadia Minerals Ltd.
CNW 08:00e 26-JUN-25