Cascadia Completes Drill Program at its Carmacks Copper-Gold Project, Yukon
Cascadia Completes Drill Program at its
Carmacks Copper-Gold Project, Yukon
VANCOUVER, BC
,
Oct. 16, 2025
/CNW/ - Cascadia Minerals Ltd. ("
Cascadia
") (TSXV: CAM)
(OTCQB: CAMNF) is pleased to announce the completion of its fall 2025 diamond drill program at
the road-accessible Carmacks Project in central
Yukon
.
Copper Mineralization (CNW Group/Cascadia Minerals Ltd.)
Highlights
Copper mineralization encountered in 10 of 11 holes drilled
in 2025
at the Carmacks
Deposit;
2025 diamond drilling comprised
3,847.95 m
in 11 holes
, targeting expansion of sulphide
resources (
Figures 1
,
2
);
Carmacks Deposit hosts a
Measured and Indicated Resource containing 651 Mlbs copper
and 302 koz gold
(36.3 Mt @ 0.81% copper and 0.26 g/t gold or 1.07% copper equivalent);
and
Planning underway for a
minimum
15,000 m
drill program in 2026
, targeting further step-outs
on the sulphide resources, and testing regional targets including Zone A (
22.86 m
of 2.27%
copper with 2.20 g/t gold in hole 80-18), and Zone 14 (
16.37 m
of 1.04% copper in hole WC-
140).
"We're very pleased by the results of our 2025 drill program, with 10 of 11 holes intersecting
sulphide mineralization on resource expansion targets. Our team has done a fantastic job,
completing our first drill program only two months after the close of our acquisition of the
Carmacks Project,"
said
Graham Downs
, Cascadia's President and CEO.
"This season's work
confirms the potential for continued resource growth at
Carmacks
, where the resource remains
open along strike and at depth. In addition to follow-up drilling at the main deposit in 2026, we see
excellent opportunities to build resources at other known zones and make new discoveries
throughout the extensive property package."
Figure 1 –
Carmacks
2025 Drill Plan Map
Figure 2 – Carmacks Main Deposit Long Section
Figure 3 – CD-25-033 Core Photos
Figure 4 – CD-25-038 Core Photos
Figure 5 – CD-25-040 Core Photos
Figure 6 – Carmacks Regional Overview
Exploration Update
Crews mobilized to site on
September 8
th
, with the first drill arriving on
September 13
th
and a
second drill on
September 20
th
. Drilling was completed on
October 10
th
, with a total of
3,847.95
metres drilled in 11 holes
(
Figures 1
,
2
). Drilling focused on step-out holes at the Carmacks Main
Deposit, with the goal of expanding sulphide resources. Crews remain on-site finishing logging and
sampling the drill core. Initial assays are anticipated in early November, however there continue to
be significant backlogs at the assay laboratories. The following table provides an overview of the drill
holes completed in 2025 and their current processing status:
Zone
Hole Name
End-of-Hole Depth (m)
Azimuth (°)
Dip (°)
Status
147
CD-25-030
408.43
247.5
-60.8
Assay Prepped
CD-25-031
354.18
248.0
-56.3
Assay Prepped
CD-25-033
440.44
250.0
-65.7
Assay Prepped
CD-25-037
478.54
244.2
-61.3
Awaiting Prep
1213
CD-25-032
208.18
244.3
-58.8
Awaiting Prep
CD-25-034
202.69
244.6
-50.3
Awaiting Prep
CD-25-035
222.20
247.2
-73.4
Awaiting Prep
CD-25-036
282.40
244.4
-70.3
Logging Underway
CD-25-038
315.47
248.1
-60.2
Logging Underway
2000S
CD-25-039*
458.72
236.8
-60.2
Logging Underway
CD-25-040
438.91
61.1
-60.2
Logging Underway
* Note: Hole CD-25-039 diverged slightly when reducing, resulting in re-drill of 37.79 m of the top of hole, which is included in the total meterage calculation.
The drilling program tested extensions of known mineralization both along strike and down-dip
through a series of step-out holes, targeting open areas within the sulphide resource.
Comprehensive structural data were collected from oriented drill core for the first time at the
deposit, providing valuable information to enhance geological modelling. Sulphide mineralization was
observed in 10 of the 11 holes completed this year and appears consistent with that intersected in
previous drilling campaigns. Mineralization occurs within migmatized amphibolite and bedded mafic
volcanic rocks, characterized by disseminated and foliation-parallel bands of chalcopyrite and
bornite, which locally make up a significant proportion of the rock. These mineralized rafts are
hosted within coarse-grained diorite and granodiorite of the Granite Mountain Batholith. Examples of
mineralization can be seen in core photos from Hole CD-25-033 (
Figure 3
), CD-25-038 (
Figure 4
),
and CD-25-040 (
Figure 5
).
Planning is already underway for a significantly expanded 2026 exploration program, with a minimum
of
15,000 m
of diamond drilling. Continued drilling at the Carmacks Main Deposit will build on this
year's success, testing further down-dip and on-strike extensions of the three major zones. Drilling in
2026 will also advance multiple near-deposit zones that lie outside the resource, including Zone 14
(WC-140:
16.37 m
of 1.04% copper with 0.09 g/t gold) and the Gap Zone (CRM24-027:
3.70 m
of
0.94% copper with 0.12 g/t gold and
21.25 m
of 0.53% copper) (
Figure 1
), and will evaluate multiple
untested geophysical targets within 1 km of the Carmacks Main Deposit.
A broader regional program is also being planned to evaluate numerous historical targets across the
177 km
2
Carmacks
property, which covers a significant portion of the Minto Copper Belt (
Figure 6
).
A key priority will be follow-up drilling at Zone A, which returned
22.86 m
of 2.27% copper with 2.20
g/t gold in drilling completed in 1980.
Carmacks Project Overview
Cascadia's 177 km
2
Carmacks Project is located 35 km southeast of the past producing Minto Mine,
which was recently acquired by Selkirk Copper Mines Inc. The Carmacks Project is road-accessible,
via a 13 km access road which extends from the government-maintained Freegold Road northwest
of
Carmacks
in central
Yukon
. The project has an existing 40-person camp, numerous roads
throughout the property, and is 10 km from grid power.
The Carmacks Project covers a large portion of the Minto Copper Belt, a 180 km x 60 km belt of
intrusion-related copper-gold-silver deposits. This belt is within the Stikine Terrane, which extends
into
Yukon
from
British Columbia
, and is characterized by Late Triassic to early Jurassic volcanic-
plutonic arc complexes that are well-endowed with copper-gold-molybdenum porphyries including the
Red Chris, Schaft Creek, Kemess, KSM and Galore Creek deposits and mines.
The Carmacks Main Deposit has a Measured and Indicated Resource containing 651 Mlbs of
copper and 302 koz of gold (36.3 million tonnes grading 0.81 % copper, 0.26 g/t gold, and 3.23 g/t
silver and 0.01% molybdenum) or 1.07% copper equivalent. A 2023 preliminary economic
assessment demonstrated positive economic potential, with a
$230.4 M
post-tax NPV
(5%)
and 29%
post-tax IRR at
US$3.75
/lb copper and
US$1,800
/oz gold. A second case evaluated at
$4.25
/lb
copper and
$2,000
/oz gold returned a
$330.1 M
post-tax NPV
(5%)
and 38% after-tax IRR.
The Carmacks Main Deposit is comprised of three zones, the 147, 2000S and 1213, all of which
remain open to expansion along strike and at depth. Historical drilling at the deposit focused
primarily on oxide copper mineralization, and numerous holes were ended when sulphide
mineralization was encountered. The 1213 Zone in particular hosts very shallow sulphide
mineralization that has seen limited drilling.
Cascadia is in the process of compiling historical geophysical and geochemical data to fully
understand the significant regional potential present at the Carmacks Project. Numerous historical
targets will be evaluated in future work programs, including Zone A, where drilling in 1980 returned
13.72 m
of 3.18% copper with 2.01 g/t gold (80-09) and
22.86 m
of 2.27% copper with 2.20 g/t
gold (80-18).
About Cascadia
Cascadia's flagship asset is the Carmacks Project in the high-grade Minto Copper Belt in
Yukon
Territory, Canada
.
Cascadia also has a pipeline of discovery stage copper-gold properties throughout the Yukon Stikine
Terrane including its Catch Property, which hosts a copper-gold porphyry discovery where inaugural
drill results returned broad intervals of mineralization (
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.
QA/QC
The Mineral Resources and economic analysis disclosed here are referenced from the 2023
Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS
Canada Inc. Pricing for the Carmacks Project PEA base case economic analysis was US
$3.75
/lb
copper, US
$1,800
/oz gold, and US
$22
/oz silver at an exchange rate of
$1
:
US$0.75
. The results of
the
Carmacks
preliminary economic assessment are preliminary in nature, it includes inferred mineral
resources that are considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as mineral reserves, and there is no
certainty that the preliminary economic assessment will be realized. Estimated true widths vary but
are expected to be typically 60-70% of the intersected widths.
Results referenced in this release represent highlights only. Below detection values for gold, copper,
silver and molybdenum have been encountered in drilling, soil and rock samples in these target
areas. Readers are cautioned that assay results have not yet been received for 2025 drilling, and
the mineralization described in this release will not necessarily grade the same as previous drilling.
Copper equivalent value assumes metal prices of
$3.75
/lb copper,
$2,000
/oz gold,
$25
/lb silver,
$12
/lb molybdenum, and recoveries of 82% for copper, 70% for gold, 69% for silver, and 70% for
molybdenum.
The technical information in this news release has been approved by
Thomas Hawkins
, P.Geo., VP
Exploration for Cascadia and a qualified person for the purposes of National Instrument 43-101.
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.
Cascadia 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 16-OCT-25