Cascadia Identifies New Copper Porphyry Targets at its Macks and Milner Properties, Yukon
Cascadia Identifies New Copper Porphyry
Targets at its Macks and Milner Properties,
Yukon
VANCOUVER, BC
,
Jan. 20, 2025
/CNW/ - Cascadia Minerals Ltd. ("
Cascadia
") (TSX-V: CAM)
(OTCQB: CAMNF) is pleased to announce prospecting and soil sampling results from the 2024
exploration programs at its 100% owned Macks and Milner properties in
Yukon
. Work conducted in
2024 has identified numerous new targets, which will be further evaluated in 2025.
Macks Copper-in-Soil (CNW Group/Cascadia Minerals Ltd.)
Macks Highlights
Newly discovered
2,200 by
2,000 m
copper ± molybdenum soil anomaly coincident with a
regional 1,200 by
1,200 m
magnetic low
(Figures 1 – 3) analogous to Cascadia's Spark Zone
at the Catch Property;
Prospecting at the south end of the property returned
1.20% copper with 2.26 g/t gold and
68.3 g/t silver
from a magnetite skarn rock chip sample over
2.00 m
; and
Prospecting at the east side of the new copper and molybdenum in soil anomaly discovered a
new magnetite skarn showing which returned
0.49% copper with 0.12 g/t gold and 4.7 g/t
silver
from a rock chip sample over
1.50 m
.
Milner Highlights
Newly discovered
2,400 by
1,800 m
copper soil
anomaly
in the central core of the property;
Follow up prospecting
250 m
west of a 2023 outcrop discovery which returned
0.45% copper
with 0.24 g/t gold, 5.0 g/t silver and 34 ppm molybdenum
returned
0.65% copper with 5.3
g/t silver
from outcrop; and
The Milner Property has no documented historical exploration, with no record of previous claims
having been staked in this area.
"
The discovery of several new mineralized outcrops and significant copper soil anomalies in areas
with no historical exploration is a testament to our generative exploration methodology,
" stated
Cascadia's President and CEO,
Graham Downs
, "
Our team is capitalising on the knowledge gained
at our Catch Property by applying the same discovery methodology elsewhere in the Stikine
Terrane in
Yukon
to continue to make new discoveries in a market where few new generative
copper discoveries are being made. Our team is excited to get back on the ground in 2025 to
follow up on these new anomalies and continue to systematically advance these projects towards
drilling.
"
Figure 1 – Macks Copper in Soil
Figure 2 – Macks Molybdenum in Soil
Figure 3 – Macks Magnetic Total Field
Figure 4 –
Milner Copper
in Soil
Macks Exploration
The 71 km
2
Macks Property was staked by Cascadia in 2023. It is located 43 km south of
Carmacks
within the traditional territory of the Little Salmon Carmacks, Champagne and Aishihik,
and Kwanlin Dun First Nations. The property is 10 km from an all-season highway and powerline and
is currently accessed by helicopter. An overgrown bulldozer trail to the property exists; which could
potentially be used in future programs.
The 2024 exploration program at Macks consisted of prospecting and soil sampling. A total of 35
rock samples and 691 soil samples were collected. Soil sampling identified a new
2,200 by
2,000 m
copper
± molybdenum soil anomaly
which remains open to the west; associated with a magnetic
low response in regional government geophysics. Prospecting samples from this area returned
elevated copper, gold and molybdenum. A chip sample from a magnetite skarn outcrop in this area
returned
0.49% copper with 0.12 g/t gold and 4.7 g/t silver over
1.50 m
, contiguous with a chip
sample which returned 0.25% copper with 3.0 g/t silver and 265 ppm molybdenum over
1.65 m
.
A bedrock chip sample from a magnetite skarn near a historical anomaly in the southeast portion of
the property returned
1.20% copper with 2.26 g/t gold and 68.3 g/t silver
over
2.00 m
, contiguous
with a chip sample which returned 0.23% copper with 0.44 g/t gold and 20.9 g/t silver over a further
2.00 m
. These samples are located within a
1,500 m
x
1,000 m
copper ± gold soil anomaly.
The property lies within the Stikine Terrane and is adjacent to the 200 km dextral strike slip Braeburn
fault. The Stikine Terrane 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 property is dominantly underlain by the Upper Triassic aged Povoas Formation andesites and
basalts of the Lewes River Group which have been intruded by the Early Jurassic aged Aishihik
Batholith granitoid of the Long Lake Group.
The area has been historically explored for high grade copper skarn mineralization and demonstrates
potential for Cu-Au-Mo porphyry mineralization. Much of the Macks Property has yet to see
systematic prospecting and mapping, with previous exploration only documented in the southeast
corner nearby a historical adit.
Milner Property Exploration
The 43 km
2
Milner Property was staked by Cascadia in 2023 in an area with no documented
historical exploration. It is located 80 km northeast of
Whitehorse
within the traditional territory of the
Ta'an Kwäch'än Council and Little Salmon Carmacks First Nation. The east side of the property
overlies the Livingstone Airstrip, with numerous active placer gold mining operations located nearby.
The 2024 exploration program at Milner consisted of broad property-wide grid soil sampling and
focused prospecting in areas of anomalous 2023 soil and prospecting results. A total of 30 rock
samples and 815 soil samples were collected. Soil sampling returned a
2,400 x
1,800 m
copper
soil anomaly
in the core of the property. Prospecting returned several rock samples with elevated
copper grades, including 0.65% copper with 5.3 g/t silver from bedrock near a gossanous area
discovered in 2023 which returned
0.45% copper with 0.24 g/t gold, 5.0 g/t silver and 34 ppm
molybdenum
.
The property lies within the Stikine Terrane and is immediately adjacent to the 1,000+ km long, deep
seated, crustal scale strike-slip Teslin-Thibert fault.
The property is dominantly underlain by the Triassic aged Semenof Formation basalt and andesites
and by the Carboniferous aged Boswell Formation basalts, volcanic breccias and greenstones. The
east side of the property is cut by a NW-SE trending thrust fault that marks the easternmost edge of
the Stikine Terrane. The Devonian to Carboniferous Finlayson Suite of the Yukon-Tanana Terrane
outcrops east of the thrust fault.
The Milner Property has no documented historical exploration, with no record of previous claims
having been staked in this area.
QA/QC
Analytical work for all samples was completed by ALS Canada Ltd., with sample preparation in
Whitehorse
,
Yukon
and geochemical analyses in
North Vancouver, BC
. Rock samples were fine
crushed before a 250-gram split was pulverized to better than 85% passing 75 microns. Rock
samples were analyzed for gold 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 spectrometry ("ICP-AES") and inductively coupled
plasma-mass spectrometry.
Overlimit values for copper were determined by the Cu-OG62 procedures which involves a four-acid
digestion followed by ICP-AES analysis.
Soil samples were dry-screened at 180 micron, with analysis conducted on the fine fraction. Soil
samples were analyzed for gold and 50 other elements by the AuME-TL43 procedure which involves
aqua regia digestion of a 25-gram split with an ICP-AES and ICP-MS finish.
Results referenced in this release represent highlight results only. Below detection values for gold,
copper, silver and molybdenum have been encountered in soil and rock samples in these target
areas.
The technical information in this news release has been approved by
Adam Coulter
, M.Sc., P.Geo.,
VP Exploration for Cascadia and a qualified person for the purposes of National Instrument 43-101.
About Cascadia
Cascadia is a Canadian junior mining company focused on making new copper and gold discoveries
the
Yukon
and
British Columbia
. Cascadia's flagship Catch Property in the
Yukon
hosts a brand-new
copper-gold porphyry discovery where inaugural drill results returned broad intervals of
mineralization, including
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 and 30.00 g/t gold.
In addition to Catch, Cascadia is conducting exploration work at its Macks and Milner properties –
recently staked Catch analogues within
Yukon's
Stikine Terrane which have additional copper
porphyry targets. Cascadia has approximately 70 million shares outstanding and its largest
shareholders are Hecla Mining Company,
Michael Gentile
and
Barrick Gold
.
The technical information in this news release has been approved by
Adam Coulter
, M.Sc., P.Geo.,
VP Exploration for Cascadia and a qualified person for the purposes of National Instrument 43-101.
On behalf of Cascadia Minerals Ltd.
Graham Downs
, President and CEO
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.
The Company undertakes no obligation to update forward-looking information, except as required
by securities laws.
SOURCE
Cascadia Minerals Ltd.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/January2025/20/c1552.html
%SEDAR: 00057245E
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 20-JAN-25