Cascadia Announces Appointment of Chairman
Cascadia Announces Appointment of
Chairman
VANCOUVER, BC
,
Oct. 8, 2025
/CNW/ - Cascadia Minerals Ltd. ("
Cascadia
") (TSXV: CAM)
(OTCQB: CAMNF) is pleased to announce that Mr.
Robert Dixon
has been appointed as a director
and non-executive Chairman of Cascadia's Board of Directors.
Mr. Dixon is the Global Head of Institutional Coverage at Jett Capital, with over 20 years of
experience in capital markets. He has previously held roles including Managing Director - Dundee
Goodman Merchant Partners, Partner, VP Institutional Sales at Clarus Securities Inc and VP Equity
Sales at Dundee Securities. In addition, Robert lived in
London
(UK) working for
Bryan Garnier
&
Co, and Standard & Poor's. He also serves as an Independent Director for private company,
Willeson Metals. Robert Holds a Bachelor of Arts (BA) from the University of
Victoria, British
Columbia
, and a Kellogg-Schulich MBA.
"
We are very pleased to welcome Rob as Cascadia's Chairman and we look forward to working
with him as we rapidly advance our newly acquired Carmacks Project in central
Yukon
,
" stated
Graham Downs
, Cascadia's President and CEO. "
Rob's decades of global capital markets
experience in the resource sector will be invaluable as we work to expand resources at our 100%
owned
Carmacks
copper-gold deposit and test regional targets throughout the Minto Copper Belt.
"
"I am very honoured to be appointed Chairman of the Board of Directors of Cascadia and to be
working with a proven management and technical team with decades of
Yukon
experience and a
track record of discoveries. Management has created an exceptional and timely opportunity by
acquiring the Carmacks Project, which covers a large portion of
Yukon's
Minto Copper Belt and
hosts one of very few road-accessible, copper-gold deposits in a mining friendly jurisdiction,"
commented
Robert Dixon
. "
With Cascadia's inaugural ~4,000 m drill program nearing completion, I
am very excited to see the results and look forward to contributing to the company's efforts for the
benefit of its stakeholders."
Equity Incentive Plan Grants
Cascadia also announces the granting of incentive stock options (the "
Options
") to certain of its
directors, officers, employees and consultants, pursuant to its Omnibus Equity Incentive Plan,
entitling them to purchase up to 600,000 common shares at a price of
$0.20
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.
About Cascadia
Cascadia's flagship asset is the 177 km
2
Carmacks Project, 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 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.
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.
Drilling is currently underway at the Carmacks Project, with up to
4,000 m
of diamond drilling
planned for fall 2025. Cascadia is well-funded, with approximately
$4M
in working capital.
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
Andrew Carne
, M.Eng.,
P.Eng., VP Corporate Development 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 08-OCT-25