Cascadia Provides Yukon and BC Exploration Update
Cascadia Provides Yukon and BC Exploration
Update
VANCOUVER, BC
,
Sept. 9, 2024
/CNW/ - Cascadia Minerals Ltd. ("
Cascadia
") (TSXV: CAM)
(OTCQB: CAMNF) is pleased to provide an update on exploration activities that have been ongoing
at its
Yukon
and BC properties, focused on exploring for new copper-gold porphyry systems. The
2024 fieldwork program is now complete, with assays pending for multiple projects.
Copper Ridge South Copper Mineralization (CNW Group/Cascadia Minerals Ltd.)
Catch Property Exploration Overview –
Yukon
Phase 1 drilling in May at the Spark Zone successfully extended the strike length of copper
porphyry mineralization by
315 m
, with hole
CA-24-006 returning
106.00 m
of 0.52% CuEq
(see news release dated
July 22, 2024
);
Phase 2 drilling was recently completed at the Spark Zone
, totalling
1,441.54 m
in two
step-out holes (Figure 1); and
Phase 2 prospecting and structural geology work was also completed at the Amp Zone, with 11
additional rock samples collected to follow up on the
discovery of high-grade epithermal
gold-silver mineralization which returned 1,065 g/t gold with 267 g/t silver
(see news
release dated
July 25, 2024
).
PIL Property Exploration Overview –
British Columbia
Cascadia's
first drill program on the PIL property
was completed, comprising 2 diamond drill
holes at the PIL South target totaling
1,759 m
(Figures 2, 3);
A new area of visual copper mineralization in outcrop
was discovered 1.5 km south of the
Copper Ridge target, measuring approximately
400 x
300 m
across a vertical extent of over
100 m
(Figure 4); and
Extensive property-wide prospecting and mapping was completed, with 408 rock samples
collected at a variety of new and previously known targets (Figure 4).
Other Exploration Activities –
Yukon
Mapping and geochemical sampling programs were carried out at the early-stage Sands of
Time, Mack's Copper and Milner properties, which
all host potential for new copper-gold
porphyry discoveries
;
A total of 652 soil samples and 10 rock samples were collected at the Sands of Time property,
located adjacent to Western Copper and Gold's
Casino
deposit;
A total of 696 soil samples and 35 rock samples were collected at the Mack's Copper property,
located 42 km south of
Carmacks
in a similar geological setting to the Catch Property (Figure
5); and
A total of 878 soil samples and 30 rock samples were collected at the Milner Property, located
80 km northeast of
Whitehorse
, which is also an early-stage copper-gold porphyry target similar
to Catch (Figure 5).
"
Our team has had a busy and productive 2024 season,
" stated Cascadia's president and CEO,
Graham Downs
. "
We completed further step-out drilling at Catch, continuing to test the extension of
known mineralization at the Spark Zone. We also undertook our first diamond drill program at the
PIL Property in BC, which has seen significant historical exploration but limited work in recent
years. Concurrent with drilling at PIL, our crews conducted comprehensive prospecting at
numerous targets, which was highlighted by the discovery of a large area of visual copper
mineralization in outcrop 1.5 km south of the Copper Ridge target. Finally, work at the Sands of
Time, Mack's Copper and Milner properties continues to advance these early-stage projects
through the exploration pipeline to prepare for drilling
."
Figure 1 – Spark Zone Drilling
Figure 2 – PIL South Drill Plan Map
Figure 3 – PIL South Drill Section
Figure 4 – PIL Property Prospecting
Figure 5 – Yukon Regional Properties
Catch Property Exploration,
Yukon
The 2024 Phase 2 exploration program at Catch comprised prospecting, mapping, and diamond
drilling. Two diamond drill holes totaling 1,445.41 meters were drilled at the Spark Zone, and a total
of 11 rock samples were collected. In total in 2024, five diamond drill holes totaling 3,054.54 meters
were drilled at the Spark Zone.
Hole CA-24-009 was collared
380 m
east of hole CA-24-006 and drilled to a depth of
642.54 m
,
targeting a projected extension of the mineralization trend to the southeast. Hole CA-24-010 was
collared
260 m
northeast of hole CA-24-006 and drilled to a depth of
799.00 m
, targeting a down-dip
extension of mineralization below the previous intersection. This is the deepest hole drilled to-date on
the Catch Property.
Follow up prospecting focused on the Amp Zone, where high-grade epithermal gold mineralization
was discovered earlier this season, with a rock sample returning
1,065 g/t gold with 267 g/t silver
.
The gold-silver mineralization is hosted within a highly silicified basalt with up to 10% pyrite and is
associated with elevated arsenic and antimony geochemistry, suggesting it is epithermal in nature.
Crews returned to the high-grade outcrop to take structural measurements and collect additional
samples, with 11 rocks collected in the area.
Assays from the Phase 2 program are pending and will be released when available.
The 119 km
2
Catch Property is located in central
Yukon
, 50 km southeast of the town of
Carmacks
,
within the traditional territory of the Little Salmon Carmacks First Nation, in an underexplored part of
the Stikine terrane – a key geological terrane which extends from the Golden Triangle in
British
Columbia
into
Yukon
. It is immediately adjacent to the 1,000+ km long, deep seated, crustal scale
strike-slip Teslin-Thibert 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.
PIL Property Exploration, BC
Cascadia conducted its first diamond drill program at the PIL property, with two holes drilled at the
PIL South target, totaling
1,759.00 m
.
Both holes were extended beyond their targeted depths.
Crews also conducted an extensive prospecting and mapping program across the property, with a
total of 408 rock samples collected.
Hole PILS-24-005 was drilled to a depth of
848.00 m
in the center of an IP chargeability anomaly
co-incident with high-grade samples in outcrop. This hole tested both a zone of high-resistivity near
surface as well as a region of moderate chargeability and moderate resistivity at depth –
hypothesized to be the core of a porphyry system.
Hole PILS-24-006 was drilled
870 m
south of hole 5, to a depth of
911.00 m
. This hole tested a
region of very high chargeability at depth, similar in character to the geophysical signature of the
nearby Kemess North deposit.
The prospecting program comprised follow-up work on a number of known targets, as well as
evaluation of areas that had seen minimal previous exploration.
A new area of visual copper
mineralization was discovered 1.5 km south of the Copper Ridge target, measuring
approximately 400 x
300 m
across a vertical extent of over
100 m
. Cascadia is confident that a
number of exciting new targets will be defined as a result of this program, with much of the property
still awaiting systematic exploration.
Assays from both the drilling and prospecting programs will be released when available.
The 151 km
2
PIL Property is located in the heart of the 90 x 20 km northwest-trending Toodoggone
district in northern
British Columbia
, within the eastern part of the Stikine Terrane. The Stikine
Terrane is juxtaposed against the Quesnel Terrane by the 1,000+ km long, deep seated, crustal
scale strike-slip Teslin-Thibert fault approximately 8 km northeast of the property boundary. Stikine
and Quesnel Terranes are characterized by similar Late Triassic to Early Jurassic volcanic-plutonic
arc complexes that host numerous porphyry copper-gold-molybdenum mines, deposits and
prospects including Red Chris (Newmont Mining), Galore Creek (Teck/Newmont), Kemess (Centerra
Gold), and Mount Milligan (Centerra Gold). Numerous epithermal gold-silver projects are also found
in the region, including Brucejack (Newmont Mining), Ranch (Thesis Gold) and Lawyers (Thesis
Gold).
Other Properties
Exploration work was also completed at the Mack's Copper, Milner and Sands of Time properties –
all three located in
Yukon
. The Mack's Copper and Milner properties were staked in 2023 based on
similarities in geology to the discovery at the Catch property – all of which lie within the Stikine
Terrane.
The 75 km
2
100%-owned
Mack's Copper Property
is located 44 km south of
Carmacks
, 10 km
from the Klondike Highway and grid power, and has a historical road to site. Cascadia staked
Mack's Copper in late 2023 based on results from a grassroots evaluation of high-priority targets
within the Stikine Terrane, and believes it has the potential to host significant copper-gold porphyry
mineralization. A total of 696 soil samples and 35 rock samples were collected at the Mack's
Copper property this season. This included completing wide-spaced soil coverage across the core
of the property, as well as rock samples from new target areas.
The 44 km
2
100%-owned
Milner Property
is located 80 km northeast of
Whitehorse
, adjacent to
the Livingstone placer gold camp. The property is accessible by a large existing gravel airstrip on
claims and a network of winter roads which extend from
Whitehorse
. This property was staked in
late 2023 as part of Cascadia's regional Stikine Terrane evaluation program, and covers an area
with no documented historical work. A total of 878 soil samples and 30 rock samples were collected
at the Milner property this season.
The 57 km
2
Sands of Time Property
is located immediately adjacent to Western Copper and
Gold's
Casino
porphyry project in western-central
Yukon
. The property hosts two large molybdenum
± copper soil geochemical anomalies similar in size to the
Casino
Deposit. Crews collected 652 soil
samples to extend broad-spaced coverage across the property, as well as provide validation checks
on historical soil sampling. Outcrop exposure on the property is limited, however crews were able to
collect 10 prospecting rock samples from several areas that had seen little previous work.
QA/QC
Results referenced in this release represent highlight results only. Below detection values for gold
and copper 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 1,065 g/t gold.
In addition to Catch, Cascadia is currently drilling the PIL Property in the Toodoggone region of
British Columbia
, which hosts numerous porphyry copper-gold and epithermal gold targets. Work is
also ongoing at the Mack's Copper and Milner properties – recently staked Catch analogues within
Yukon's
Stikine Terrane – as well as the Sands of Time property in the
Yukon
, all of which have
additional copper porphyry targets. Cascadia has approximately 53 million shares outstanding and
its largest shareholders are Hecla Mining Company,
Michael Gentile
and
Barrick Gold
.
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.
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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 09-SEP-24