Cascadia Drills 83.52 m of 0.89% Copper with 0.26 g/t Gold at the Carmacks Copper-Gold Project, Yukon
Cascadia Drills 83.52 m of 0.89% Copper with 0.26 g/t
Gold at the Carmacks Copper-Gold Project, Yukon
VANCOUVER, BC
,
Nov. 4, 2025
/CNW/ - Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM) (OTCQB: CAMNF) is pleased
to announce initial results from its fall 2025 diamond drill program at the road-accessible Carmacks Project in central
Yukon
.
This release reports results from the first three holes drilled, with assays from eight additional holes expected in late
November or early December.
High-Grade Copper (CNW Group/Cascadia Minerals Ltd.)
Drilling Highlights
Assays have been received from the first three holes drilled in 2025 at the Carmacks Main Deposit (
Figures 1
,
2
):
Hole CD-25-033 intersected
83.52 m
of 0.89% copper with 0.26 g/t gold and 3.5 g/t silver (1.12% copper
equivalent)
from
329.40 m
depth (
Figure 4
);
Hole CD-25-031 intersected
70.84 m
of 0.95% copper with 0.23 g/t gold and 3.1 g/t silver (1.15% copper
equivalent)
from
258.59 m
depth (
Figure 4
); and
Hole CD-25-030 intersected
73.82 m
of 0.48% copper with 0.17 g/t gold and 1.9 g/t silver (0.63% copper
equivalent) from
304.45 m
depth, including
20.69 m
of 0.90% copper with 0.30 g/t gold and 3.0 g/t silver (1.16%
copper equivalent)
from
341.26 m
depth (
Figure 3
).
All 2025 holes targeted expansion of sulphide resources
via step-outs or testing significant gaps in drilling within the
sulphide block model;
Drilling confirms expansion potential of the existing
Measured and Indicated Resource, containing 651 Mlbs of
copper and 302 koz of gold
(36.3 Mt @ 0.81% copper and 0.26 g/t gold, or
1.07% copper equivalent
) across 2.8
km of strike length;
Results from
eight additional holes are pending, with sulphide copper mineralization encountered in seven of
the eight remaining holes
(
Figures 1
,
2
); and
Planning is underway for a
minimum
15,000 m
drill program in 2026
to continue to
expand resources and test
additional targets along 20 km of the Minto Copper Belt
.
"We're very excited by the results of the first three holes from our inaugural drill program at the Carmacks Deposit, which
underscore the potential to expand the
Carmacks
resource base. Mineralization at
Carmacks
continues to demonstrate
strong continuity and grade, and we're excited to see results from the remaining holes,"
said
Graham Downs
, Cascadia's
President and CEO.
"All zones of the existing resource remain open in multiple directions, and further resource expansion
drilling will be a key priority in 2026. As we plan for an expanded 2026 program, we are also identifying additional near-
deposit and regional targets through ongoing data compilation and interpretation.
Carmacks
offers a tremendous
opportunity to advance a road-accessible, development-stage, high-grade copper-gold asset in a stable jurisdiction, and
we are focused on accelerating work on the project."
Figure 1 –
Carmacks
2025 Drill Plan Map
Figure 2 – Carmacks Main Deposit Long Section
Figure 3 – Section A – Hole CD-25-30
Figure 4 – Section B – Holes CD-25-31 and CD-25-33
Figure 5 – Carmacks Regional Overview
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 via step-outs or testing significant gaps in drilling within the sulphide block model. Mineralization was
encountered in ten of the eleven holes. Results have been received from the first three holes completed at the 147 Zone,
with additional assays pending from one remaining hole at the 147 Zone, five holes at the 1213 Zone, and two holes at the
2000S Zone.
Holes CD-25-030, -031 and -033 targeted gaps in drilling within the modelled sulphide resource at the 147 Zone. The 2025
drill program also included oriented drilling for the first time on the project, providing critical structural orientation data that will
help refine modeling and improve future drill targeting.
Drill Hole
From (m)
To (m)
Interval (m)
*
Copper (%)
Gold (g/t)
Silver (g/t)
CuEq. (%)
**
CD-25-030
304.45
378.27
73.82
0.48
0.17
1.9
0.63
incl.
341.26
361.95
20.69
0.90
0.30
3.0
1.16
and incl.
373.51
378.27
4.76
1.42
0.39
5.1
1.77
CD-25-031
258.59
329.43
70.84
0.95
0.23
3.1
1.15
incl.
296.57
321.45
24.88
1.53
0.35
4.6
1.84
incl.
296.57
302.97
6.40
2.22
0.51
6.8
2.68
CD-25-033
329.40
412.92
83.52
0.89
0.26
3.5
1.12
incl.
385.15
411.48
26.33
1.52
0.42
5.6
1.90
incl.
392.40
402.34
9.94
2.01
0.62
6.9
2.56
Table
1
: 2025 Carmacks Initial 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 and US$30/oz for silver. Recovery factors of 82% for copper, 70% for gold, and 69% for silver were used, based on
recovery projections from the 2023 PEA study.
Hole CD-25-030 targeted a gap in drilling at depth on the northern edge of the sulphide resource (
Figure 3
). It successfully
encountered sulphide mineralization across a longer interval than modelled in the current resource, extending the mineralized
zone approximately
30 m
.
Holes CD-25-031 and CD-25-033 targeted a section of the sulphide resource where the only historical drilling was down-dip
(
Figure 4
). Due to lack of supporting holes cutting across mineralization this area was not fully recognized in the resource.
Both holes encountered strong mineralization, with hole 33 extending the mineralized zone approximately
30 m
beyond what
was projected by the model.
Zone
Drill Hole
Easting (m)
Northing (m)
Azimuth (°)
Dip (°)
Depth (m)
Status
147
CD-25-030
412,060
6,914,026
247.5
-60.8
408.43
Released
CD-25-031
412,106
6,913,877
248.0
-56.3
354.18
Released
CD-25-033
412,106
6,913,877
250.0
-65.7
440.44
Released
CD-25-037
412,115
6,913,951
244.2
-61.3
478.54
Pending
1213
CD-25-032
413,327
6,911,800
244.3
-58.8
208.18
Pending
CD-35-034
413,151
6,912,221
244.6
-50.3
202.69
Pending
CD-25-035
413,014
6,912,306
247.2
-73.4
222.20
Pending
CD-25-036
412,969
6,912,367
244.4
-70.3
282.40
Pending
CD-25-038
412,873
6,912,495
248.1
-60.2
315.47
Pending
2000S
CD-25-039
412,409
6,912,932
236.8
-60.2
458.72
*
Pending
CD-25-040
412,409
6,912,932
61.1
-60.2
438.91
Pending
Table
2
: 2025 Carmacks Diamond Drill Collars
* 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, above.
Results from the remaining drill holes are anticipated in late November or early December and will be released as soon as
they are received and reviewed. With the success of the 2025 drill program, 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 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 5
). 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 (80-18) in drilling completed in 1980
, with
mineralization encountered across
350 m
of strike length.
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, the 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. The 1213 Zone in particular hosts very shallow sulphide
mineralization that has seen limited drilling.
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 and
US$30
/oz for silver. Recovery factors of
82% for copper, 70% for gold, and 69% for silver 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, [email protected]
CO: Cascadia Minerals Ltd.
CNW 07:00e 04-NOV-25