Cascadia Receives 10-Year Exploration Permit and Commences 4,000 m Diamond Drill Program at its Carmacks Copper-Gold Project, Yukon
Cascadia Receives 10-Year Exploration Permit
and Commences 4,000 m Diamond Drill
Program at its Carmacks Copper-Gold Project,
Yukon
VANCOUVER, BC
,
Sept. 17, 2025
/CNW/ - Cascadia Minerals Ltd. ("
Cascadia
") (TSXV: CAM)
(OTCQB: CAMNF) is very pleased to announce that it has received a 10-year Class 4 exploration
permit for its 177 km
2
Carmacks Project. Diamond drilling has now commenced, with
4,000 m
planned to focus on expanding resources around the Carmacks Main Deposit. A second drill is
scheduled to arrive on
September 20
th
. The 100%-owned Carmacks Project is road accessible, 10
km from power and 35 km from the past-producing Minto Mine and located within the Traditional
Territory of the Little Salmon Carmacks and Selkirk First Nations.
Long section (CNW Group/Cascadia Minerals Ltd.)
Highlights
Up to
4,000 m
diamond drilling in 13 holes focusing on deposit expansion
, with step-outs
on key 2021 drill holes (Figures
1
,
2
):
2000 Zone:
105.52 m
of 0.96% copper, 0.18 g/t gold
(Hole CRM21-011);
1213 Zone:
119.40 m
of 0.76% copper, 0.14 g/t gold
(Hole CRM21-025); and
147 Zone:
65.35 m
of 0.96% copper, 0.32 g/t gold
(Hole CRM21-019).
Historical exploration focused on shallow copper oxide mineralization
, with sulphide
mineralization open along strike and at depth in all zones; and
10-year exploration permit
includes significant amounts of diamond drilling and support
activities, allowing for extensive campaigns of resource expansion and advancement.
"
We're very pleased to have the first drill turning in our fully funded initial
4,000 m
drill program at
Carmacks
, less than a month after closing the acquisition of Granite Creek Copper. Having a 10-
year exploration permit in hand is a major milestone, setting the stage for large-scale programs to
advance the project. Modelling shows the Carmacks Main Deposit is open in all directions.
Historical drilling primarily targeted near-surface copper oxide mineralization, leaving extensive
areas untested and in many cases, holes were shut down when sulphide mineralization was
encountered,
" said
Graham Downs
, Cascadia's President and CEO. "
In addition to the growth
potential at the Main Deposit, the 177 km
2
property covers a large portion of the Minto Copper Belt
and hosts numerous compelling targets that will be advanced for 2026 drilling. One of these
targets includes Zone A, which was drilled in the 80s and returned
25m
of 2.27% copper with 2.20
g/t gold. The Carmacks Project is one of very few undeveloped copper-gold projects in
North
America
with a road accessible deposit, clear expansion potential, and a district-scale land
package."
Figure 1 –
Carmacks
2025 Drill Plan Map
Figure 2 – Carmacks Main Deposit Long Section
Figure 3 – Carmacks Regional Overview
2025 Fall Drill Program
The Carmacks Main Deposit is comprised of three zones, 147, 2000S and 1213, that are developed
along sections of a copper- and gold-enriched raft of migmatized Stikine volcanic rocks. All zones
are exposed at or near surface and remain open along strike and at depth. The Deposit hosts a
Measured and Indicated Resource of 651 Mlbs of copper and 302 koz of gold
(36.3 million
tonnes grading 0.81 % copper, 0.26 g/t gold, 3.23 g/t silver and 0.01% molybdenum) or
1.07%
copper equivalent
. The last major drill program at the deposit was in 2021, which returned
numerous high-grade drill intersections that have yet to see follow-up work.
The first of two skid-mounted diamond drills has commenced drilling at the 147 Zone. A second drill
is scheduled to arrive
September 20
th
to begin drilling at the 1213 Zone. The fall 2025 drill program
will consist of approximately
4,000 m
of diamond drilling, with 3-4 holes at each of the three zones to
target sulphide mineralization down dip and along strike (Figures
1
,
2
). Table 1 provides key
historical intersections that will be stepped out on in 2025 drilling.
Table 1: Historical Carmacks Deposit Intersections by Zone
Zone
Drill Hole
From (m)
To (m)
Interval (m)
*
Copper (%)
Gold (g/t)
Silver (g/t)
147
WC-021-B
**
3.00
340.00
337.00
1.28
0.73
7.4
DDH-1-46
174.29
230.13
55.84
1.31
0.50
4.3
CRM21-019
279.95
345.30
65.35
0.96
0.32
4.3
2000
CRM21-011
223.98
329.50
105.52
0.96
0.18
4.0
CRM21-005
137.05
179.80
42.75
0.75
0.16
3.9
CRM21-006
229.20
278.20
49.00
0.87
0.17
3.9
1213
CRM21-025
89.90
209.30
119.40
0.76
0.14
2.6
WC-023
100.00
181.00
81.00
0.68
0.13
1.9
CRM20-001
102.85
230.12
127.27
0.61
0.13
2.1
WC-122
69.06
117.00
47.94
0.80
0.16
4.0
*
The reported intervals are drilled thicknesses and true widths are typically 60-70% of drilled widths.
**
Hole WC-021-B is a high-angle hole and not representative of true width.
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 (
Figure 3
). Numerous
historical targets will be evaluated in future work programs, including Zone A, where drilling in 1980
returned
13.7 m
of 3.18% copper with 2.01 g/t gold (80-09) and
22.9 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 the characterization of the Minto Deposit mineralization described
in this release is not necessarily indicative of mineralization on the Carmacks Project.
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 17-SEP-25