Cascadia Continues to Demonstrate Expansion Potential at the Carmacks Copper- Gold Project, intersecting 42.88 m of 1.19% Copper with 0.34 g/t Gold
Cascadia Continues to Demonstrate
Expansion Potential at the Carmacks Copper-
Gold Project, intersecting 42.88 m of 1.19%
Copper with 0.34 g/t Gold
VANCOUVER, BC
,
Jan. 15, 2026
/CNW/ - Cascadia Minerals Ltd. ("
Cascadia
") (TSXV: CAM)
(OTCQB: CAMNF) is pleased to announce results for the remaining eight holes from its fall 2025
diamond drill program at the road-accessible Carmacks Project in central
Yukon
. This drilling
represents the first significant drill program on the project since 2021, and Cascadia's first field
program at
Carmacks
following the acquisition of Granite Creek Copper.
Drilling and Project Highlights
Drilling at the Carmacks Deposit continues to demonstrate
sulphide resource expansion
potential, strong grade continuity and the predictable nature of mineralization
;
Seven of the eight remaining holes intersected sulphide mineralization,
including
broad
intercepts such as
87.44 m
of 0.63% copper with 0.15 g/t gold, 2.7 g/t silver, and 248 ppm
molybdenum (0.88% CuEq)
in hole CD-25-040 (Figure 3);
Multiple holes returned high-grade cores of over 1% copper
, including
42.88 m
of 1.19%
copper with 0.34 g/t gold
in CD-25-037,
21.27 m
of 1.25% copper with 0.28 g/t gold
in CD-
25-040, and
25.20 m
of 1.36% copper with 0.25 g/t gold
in CD-25-035 (Figures 3-5);
Planning is underway for a
15,000 m
drill program in 2026 that will continue resource
expansion at the Carmacks Deposit and evaluate adjacent targets
including Zone 14,
where drilling in 2007 returned
16.37 m
of 1.04% copper in WC-140, and the Gap Zone, where
drilling in 2024 returned
29.75 m
of 0.50% copper in CRM24-027 (Figure 1);
Regional exploration will test additional targets throughout the 177 km
2
property, including Zone
A, 11 km north of the Carmacks Deposit, where drilling in 1980 returned
22.86 m
of 2.27%
copper with 2.20 g/t gold
in 80-18 (Figure 6); and,
All significant intercepts returned grades above the cut off grade for the 2023 Preliminary
Economic Assessment, highlighting the potential to increase tonnage of the deposit.
"These excellent results reinforce our confidence in the scale and growth potential of the Carmacks
Deposit. With mineralization remaining open in multiple directions across all zones, we see a clear
path to materially expanding the resource base at the Carmacks Project,"
said
Graham Downs
,
President and CEO of Cascadia.
"Planning is well underway for a fully funded,
15,000 m
drill
program to both expand the main deposit and test high-priority targets throughout the 177 km
2
property. In conjunction with the 2026 drill program, baseline environmental, engineering and
metallurgical studies will be initiated to enable fast-tracking the project towards development."
Figure 1 – Carmacks Deposit 2025 Drill Plan Map
Figure 2 – Carmacks Deposit Long Section
Figure 3 – Section A – CD-25-040
Figure 4 – Section B – CD-25-035
Figure 5 – Section C – CD-25-037
Figure 6 – Carmacks Project Regional Overview
Cascadia will be exhibiting at the upcoming AME Roundup conference in
Vancouver
, from
January
26
th
to 29
th
. Cascadia has been selected to participate in the
Roundup Core Shack, Booth #827,
on
January 26
th
and 27
th
, and will have core from the 2025 Carmacks drilling on display. If you are
unable to attend the core shack, we encourage you to visit us at our
corporate booth, #1510, on
January 28
th
and 29
th
.
Carmacks Drilling Summary
Eleven holes totalling
3,847.95 m
were completed at the Carmacks Deposit in fall 2025. All holes
targeted expansion of sulphide resources through step-outs or by testing significant gaps in drilling
within the sulphide block model. Mineralization was encountered in ten of the eleven holes. Results
from holes CD-25-030, 031 and 033 in Zone 147 were previously reported (see news release dated
November 4, 2025
). Of the eight remaining holes, one was drilled in Zone 147, five in Zone 1213,
and two in Zone 2000S.
Drill Hole
From
(m)
To (m)
Interval
(m)
*
Copper
(%)
Gold
(g/t)
Silver
(g/t)
Molybdenum
(ppm)
CuEq.
(%)
**
Zone 147
CD-25-030
***
304.45
378.27
73.82
0.48
0.17
1.9
32
0.64
incl.
341.26
361.95
20.69
0.90
0.30
3.0
84
1.16
CD-25-031
***
258.59
329.43
70.84
0.95
0.23
3.1
56
1.17
incl.
296.57
321.45
24.88
1.53
0.35
4.6
50
1.86
CD-25-033
***
329.40
412.92
83.52
0.89
0.26
3.5
65
1.15
incl.
385.15
411.48
26.33
1.52
0.42
5.6
79
1.92
CD-25-037
377.15
420.03
42.88
1.19
0.34
3.9
88
1.52
incl.
395.08
418.18
23.10
1.61
0.44
5.1
117
2.05
Zone 2000S
CD-25-039
270.19
384.05
113.86
0.43
0.12
1.9
65
0.56
incl.
317.91
335.28
17.37
1.09
0.31
3.6
227
1.46
CD-25-040
286.56
374.00
87.44
0.63
0.15
2.7
248
0.88
Incl.
286.56
307.83
21.27
1.25
0.28
5.8
171
1.60
Zone 1213
CD-25-032
No Significant Results
CD-25-034
146.19
161.30
15.11
0.40
0.10
1.6
30
0.51
CD-25-035
110.68
170.80
60.12
0.84
0.16
3.0
98
1.03
incl.
144.25
169.45
25.20
1.36
0.25
4.8
169
1.67
CD-25-036
125.46
220.56
95.10
0.63
0.14
1.9
114
0.80
incl.
180.26
192.10
11.84
0.96
0.28
2.9
51
1.22
CD-25-038
114.30
210.24
95.94
0.53
0.12
2.0
272
0.76
incl.
119.80
132.59
12.79
1.48
0.24
6.4
520
1.95
Table 1: Final 2025 Carmacks Diamond Drill Results
* The reported intervals are drilled thicknesses. True widths are estimated to be 60-70%.
**
Copper equivalent calculations use metal prices of US$4.00/lb for copper, US$2,500/oz for gold, US$30/oz for
silver and US$20/lb for molybdenum. Recovery factors of 82% for
copper, 70% for gold, 69% for silver and 70%
for molybdenum were used, based on recovery projections from the 2023 PEA study.
*** Previously released holes. See news release dated November 4, 2025.
The Carmacks Deposit is located in the northern part of 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.
The deposit comprises a series of 5-
100 m
wide 'rafts' of variably migmatized xenolithic meta-
sedimentary and meta-volcanic rocks hosted within the coarse crystalline granitoids of the Granitoid
Mountain Batholith suite. The 'rafts' generally trend NNW-SSE over 3 km of strike length and form
three distinct zones of mineralization. Sulphide mineralization is confined to the metamorphic 'rafts'
and is found as chalcopyrite-bornite foliation parallel stringers as well as net-textured clots,
interpreted as evidence for later sulphide melts. The contacts with the intrusive phases of the granite
mountain batholiths are sharp and unaltered. The
Carmacks
property geology and deposit model are
thought to be similar to the nearby Minto Deposit, with past work suggesting that the system is the
result of an alkalic porphyry deposit that was metamorphosed up to the point of partial melting at
depths of up to 25km, followed by rapid uplift to near surface.
The deposit is in an area of central
Yukon
that remained ice-free during the last glaciation, allowing
for a supergene cap to be largely preserved, ranging from a depth of
200 m
in Zone 147 to little-to-
no cap in Zone 1213. The oxide layer is enriched in malachite, azurite, and chrysocolla, while the
underlying supergene zone contains chalcocite, cuprite, covellite, bornite, crednerite, and native
copper. Sulphide mineralization is found below this layer and is primarily comprised of chalcopyrite
with varying amounts of bornite and molybdenite. The 2023 Preliminary Economic Assessment was
based on a Mineral Resource Estimate that comprised 43% oxide resources and 57% sulphide
resources, by tonnage. The 2025 drilling campaign highlights the potential to grow resources in the
sulphide domain, which exhibits superior metallurgical and processing characteristics.
With the success of the 2025 drilling, planning is underway for a significantly expanded 2026
exploration program, targeting a minimum of
15,000 m
of diamond drilling. Continued drilling at the
Carmacks Deposit will test further expansion of the three current zones. Drilling in 2026 will also
advance multiple near-deposit targets that lie outside the current resource, including Zone 14, where
drilling in 2007 returned 16.37 m of 1.04% copper in WC-140, and the Gap Zone – located between
Zone 147 and Zone 2000S – where drilling in 2024 returned 29.75 metres of 0.50% copper, 0.07 g/t
gold, and 57 ppm molybdenum in CRM24-027, including 3.95 metres of 0.98% copper, 0.12 g/t
gold, and 137 ppm molybdenum. Numerous untested geophysical anomalies within 1 km of the
Carmacks Deposit will also be advanced during the 2026 program, providing potential for significant
growth outside of the existing deposit.
A broader regional program is planned to evaluate numerous historical targets across the 177 km
2
Carmacks
property, which covers a significant portion of the Minto Copper Belt (
Figure 5
). A key
priority will be follow-up work at Zone A, where drilling in 1980 encountered high-grade copper and
gold over a
350 m
strike length, including
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).
Zone 147 Drilling
Holes CD-25-030, 031, 033, and 037 were drilled at the Zone 147, testing sulphide mineralization at
depth in the northern part of the Carmacks Deposit. Holes CD-25-030, 031, and 033 were previously
reported.
Hole CD-25-037 targeted a gap in drilling between holes CD-25-030 and CD-25-033. It returned
42.88 m
of 1.19% copper with 0.34 g/t gold, 3.9 g/t silver, and 88 ppm molybdenum (1.52% CuEq),
including 23.10 metres of 1.61% copper with 0.44 g/t gold, 5.1 g/t silver, and 117 ppm molybdenum
(2.05% CuEq). This hole demonstrates the continuity of sulphide mineralization at depth and indicate
that mineralization remains open further down dip. This drilling also confirms consistently elevated
gold grades are present at Zone 147 compared to other areas of the deposit.
Zone 2000S Drilling
Holes CD-25-039 and 040 were drilled at Zone 2000S to step out on previous drilling and test
different drill orientations at depth. Both holes intercepted long intervals of mineralization in a series
of subvertical zones hosted in metamorphosed mafic volcanic rocks, with higher grade cores
returning
17.37 m
of 1.09% copper with 0.31 g/t gold, 3.6 g/t silver, and 227 ppm molybdenum
(1.46% CuEq), and
21.27 m
of 1.25% copper with 0.28 g/t gold, 5.8 g/t silver, and 171 ppm
molybdenum (1.60% CuEq), respectively. Mineralization in the 2000S Zone is characterized by a
near vertical zone and is more enriched in molybdenite compared to Zone 147.
Zone 1213 Drilling
Holes CD-25-032, 034, 035, 036, and 038 were drilled at Zone 1213 to test for extensions of
sulphide mineralization at depth and within large gaps in historical drilling. Sulphide mineralization in
this zone is more shallowly dipping and closer to surface compared with the two zones to the north.
Mineralization at this zone also exhibits a comparably higher amount of hypogene bornite in addition
to chalcopyrite.
CD-25-032 was drilled in the southern part of Zone 1213 to test the down dip extent of known
mineralization in an area with very limited shallow previous drilling. This hole was drilled beneath
metamorphosed volcanic rocks and did not intercept mineralization.
CD-25-034 was drilled to test the down dip extent of mineralization in the middle of Zone 1213
where only shallow drilling has been previously completed. This hole returned
15.11 m
of 0.40%
copper with 0.10 g/t gold, 1.6 g/t silver, and 30 ppm molybdenum (0.51% CuEq), extending
mineralization
50 m
beyond previous drilling.
CD-25-035 tested a significant step out at depth in the core of the zone. This hole intercepted a
high-grade core returning
25.20 m
of 1.36% copper with 0.25 g/t gold, 4.8 g/t silver, and 169 ppm
molybdenum (1.67% CuEq) within a significant broader zone of
60.12 m
of 0.84% copper with 0.16
g/t gold, 3.0 g/t silver, and 98 ppm molybdenum (1.03% CuEq).
CD-25-036 was drilled to test a gap in historical drilling in the core of Zone 1213. This hole
intercepted a shallow, broad zone of sulphide mineralization returning
95.10 m
of 0.63% copper with
0.14 g/t gold, 1.9 g/t silver, and 114 ppm molybdenum (0.80% CuEq), consistent with historical
drilling. Mineralization remains open at depth in this area.
CD-25-038 was drilled to test the down dip extent of mineralization along the northern part of the
1213 Zone in an area of relatively sparse historical drilling. This hole intercepted a high-grade core
returning
12.79 m
of 1.48% copper with 0.24 g/t gold, 6.4 g/t silver, and 520 ppm molybdenum
(1.95% CuEq) within a shallow, broad zone of sulphide mineralization returning
95.94 m
of 0.53%
copper with 0.12 g/t gold, 2.0 g/t silver, and 272 ppm molybdenum (0.76% CuEq). Mineralization
remains open at depth in this area.
Carmacks Project Overview
Cascadia's 177 km
2
Carmacks Project is located within the Traditional Territory of the Little Salmon
Carmacks and Selkirk First Nations and 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 the
town 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, 3.23 g/t silver
and 0.01% molybdenum) or 1.07% copper equivalent, and an Inferred Resource containing 38 Mlbs
of copper and 13 koz of gold (2.9 Mt grading 0.60% copper, 0.16 g/t gold, 2.34 g/t silver and 0.02%
molybdenum). 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, 147, 2000S and 1213, all of which remain
open to expansion in multiple directions. Historical drilling at the deposit focused primarily on oxide
copper mineralization, and numerous holes were ended when sulphide mineralization was
encountered. Zone 1213 in particular hosts very shallow sulphide mineralization that has seen limited
drilling.
Zone
Drill Hole
Easting (m)
Northing (m)
Azimuth (°)
Dip (°)
Depth (m)
147
CD-25-030
412,060
6,914,026
247.5
-60.8
408.43
CD-25-031
412,106
6,913,877
248.0
-56.3
354.18
CD-25-033
412,106
6,913,877
250.0
-65.7
440.44
CD-25-037
412,115
6,913,951
244.2
-61.3
478.54
2000S
CD-25-039
412,409
6,912,932
236.8
-60.2
458.72
*
CD-25-040
412,409
6,912,932
61.1
-60.2
438.91
1213
CD-25-032
413,327
6,911,800
244.3
-58.8
208.18
CD-25-034
413,151
6,912,221
244.6
-50.3
202.69
CD-25-035
413,014
6,912,306
247.2
-73.4
222.20
CD-25-036
412,969
6,912,367
244.4
-70.3
282.40
CD-25-038
412,873
6,912,495
248.1
-60.2
315.47
Table
1
: 2025 Carmacks Diamond Drill Collar Locations
* 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, but not included in the
end of hole depth for CD-25-039.
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). High-grade copper and gold mineralization is found at surface
over 5 km long trend, with grab samples returning peak values of 3.88% copper, 1,065 g/t gold, and
267 g/t silver.
QA/QC
Analytical work was completed by ALS Canada Ltd., with sample preparation in
Whitehorse
,
Yukon
and geochemical analyses in
North Vancouver, BC
. Core samples were fine crushed before a 250-
gram split was pulverized to better than 85% passing 75 microns. Gold was determined for core
samples by the Au-AA23 procedure, which involves fire assay preparation using a 30-gram charge
with an atomic absorption spectroscopy finish. Multi-element data for 48 elements was determined
by the ME-MS61 procedure, which involves a four-acid digestion followed by inductively coupled
plasma-atomic emission spectroscopy ("ICP-AES") and inductively coupled plasma-mass
spectrometry. Overlimit values for copper were determined by the Cu-OG62 procedure, which
involves a four-acid digestion followed by ICP-AES.
Rigorous procedures are in place regarding sample collection, chain of custody and data entry.
Certified assay standards, duplicate samples and blanks are routinely inserted into the sample
stream of diamond drill samples to ensure integrity of the assay process. All diamond drill samples
included in this news release have passed the QA/QC procedures as described above. All assay
intervals presented in this news release are uncut. Core was sampled using a diamond saw, with
half of each interval sent to the lab for analysis, and the other half retained. Estimated true widths
vary but are expected to be typically 60-70% of the intersected widths.
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.
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 grab samples are selective by nature and are not necessarily
representative of the grade of mineralization on the property. Copper equivalent calculations use
metal prices of
US$4.00
/lb for copper,
US$2,500
/oz for gold,
US$30
/oz for silver and
US$20
/lb for
molybdenum. Recovery factors of 82% for copper, 70% for gold, 69% for silver and 70% for
molybdenum were used, based on recovery projections from the 2023 PEA study.
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 15-JAN-26