Cascadia Releases 2024 Exploration Results, with Multiple High-Grade Copper-Silver-Gold Discoveries in BC
Cascadia Releases 2024 Exploration Results,
with Multiple High-Grade Copper-Silver-Gold
Discoveries in BC
VANCOUVER, BC
,
Oct. 23, 2024
/CNW/ - Cascadia Minerals Ltd. ("
Cascadia
") (TSXV: CAM)
(OTCQB: CAMNF) is pleased to provide final results of 2024 exploration work at its Catch Property
in
Yukon
and PIL Property in BC. Both programs included diamond drilling as well as prospecting
and mapping, with the discovery of several new zones of high-grade copper-silver-gold and gold-
silver mineralization.
Zeus Zone Annotated (CNW Group/Cascadia Minerals Ltd.)
PIL Property 2024 Exploration Highlights –
British Columbia
Cascadia completed two diamond drill holes (
1,759 m
) at the PIL South target and a property-
wide prospecting program evaluating underexplored areas (Figure 1);
Prospecting at the undrilled Zeus target discovered new
high-grade copper-silver
mineralization across a 400 x
300 m
area and a
100 m
vertical extent
, with
seven outcrop
samples returning over 3% copper and 100 g/t silver
(Figures 2, 3);
Highlight samples from Zeus include
12.25% copper with 0.26 g/t gold and 329 g/t silver
and
7.13% copper with 0.29 g/t gold and 247 g/t silver
(Figures 2, 3);
Prospecting at the undrilled Ben showing, 2.5 km north-west of Zeus, identified a
new
300 m
long zone of copper-silver mineralization
, with a highlight sample returning
10.90% copper
with 39.5 g/t gold and 2,680 g/t silver
from outcrop (Figure 4);
Prospecting on a ridge-top
500 m
east of the Atlas target returned high-grade mineralization
over
100 m
, including
5.64% copper with 337 g/t silver and 0.11 g/t gold
(Figure 1);
Drilling at PIL South returned broad intervals of low-grade copper, gold, silver, molybdenum and
zinc mineralization,
with copper-gold grades increasing towards the bottom of both holes
(Figures 5, 6); and
PILS-24-006 returned
162.00 m
of 0.10% copper with 0.05 g/t gold, 7.1 g/t silver, and 0.18%
zinc from
749.00 m
, including an interval which returned
1.65 m
of 1.34% copper with 0.63 g/t
gold and 195.0 g/t silver
(Figures 5, 6).
Catch Property 2024 Exploration Highlights –
Yukon
Cascadia completed
3,055 m
of diamond drilling at Catch in 2024, with 3 holes (
1,613 m
) in a
Phase 1 drill program, and 2 holes (
1,442 m
) in the Phase 2 program, as well as prospecting
work at the Amp zone in both phases (Figure 7);
The Phase 1 program stepped out
315 m
from 2023 discovery hole CA-23-002, with hole CA-
24-006 returning
106.00 m
of 0.37% copper with 0.22 g/t gold
(Figures 8, 9);
Hole CA-24-010 in the Phase 2 program stepped out
150 m
north from CA-24-006 and returned
a broad interval of copper and gold mineralization (
144.00 m
of 0.14% copper with 0.03 g/t
gold) (Figures 8, 9); and
Follow-up prospecting at the Amp zone, where epithermal mineralization returning
1,065 g/t
gold with 267 g/t silver
was discovered earlier this year, returned additional high-grade
results, including
187 g/t gold with 33.9 g/t silver
, and
141 g/t gold with 45.2 g/t silver
, and
has advanced the target to the drill-ready stage.
"
Cascadia's 2024 exploration programs were very successful in advancing its
Yukon
and BC
copper-gold projects. Phase one drilling at the Catch project in
Yukon
greatly expanded the Spark
zone by over
500 m
in strike length and over
500 m
in vertical extent, while prospecting at the
undrilled Amp zone, 1 km north of Spark, returned four >1 oz/t gold samples, including a 1,065 g/t
gold and 267 g/t silver sample from outcrop. Although phase two drilling at Spark intersected lower
grade mineralization in the last two step-out holes, mineralization remains open in multiple
directions. We are in the early days of testing one of many targets along a 5 km long trend of
mineralization, with priority drill targets at the Amp and Volt zones, as well as stepping out to the
west, north and south at the Spark zone,
" stated Cascadia's president and CEO,
Graham Downs
.
"
Exploration at the PIL project in BC also proved very successful, highlighted by the discovery of
the Zeus target, which hosts a drill ready zone of high-grade copper-silver-gold mineralization in
outcrop measuring approximately 400 x
300 m
across a vertical extent of over
100 m
. While
drilling at PIL south encountered broad intervals of epithermal mineralization, results suggest we
are still distal from a porphyry. We are eager to drill-test the Zeus target and other zones of at-
surface high-grade copper-silver-gold mineralization, while we continue to refine our
understanding of PIL South and other porphyry targets on the property."
Figure 1 – PIL Property Highlights
Figure 2 – Zeus Zone Map
Figure 3 – Zeus Zone Annotated Photo
Figure 4 – Ben Zone Map
Figure 5 – PIL South Drill Map
Figure 6 – PIL South Cross-Section
Figure 7 – Catch Property Highlights
Figure 8 – Spark Drill Map
Figure 9 – Spark Zone Long Section
PIL Property Exploration, BC
Cascadia's 2024 exploration program at the PIL Property included its inaugural diamond drill
campaign, with two holes completed at the PIL South target, as well as comprehensive prospecting
across the 131 km
2
property. The prospecting program collected 408 rock samples and yielded
high-grade copper, gold, silver, molybdenum, lead and zinc assays from a variety of targets.
Prospecting resulted in the expansion of existing targets and the discovery of extensive areas of new
mineralization at the Zeus and Ben targets, as well as on a ridge between Atlas and
Copper Cliff
.
The Zeus zone is a newly discovered area of widespread copper-silver ± gold mineralization, located
1.5 km south of the Copper Ridge target. The target was first identified by a rock sample collected
in 2022 which returned 3.44% copper with 210 g/t silver and 1.13 g/t gold. Crews followed up on
this result and collected an additional 85 rock samples.
Seven outcrop samples returned over 3%
copper with over 100 g/t silver
, as well as variable amounts of gold. This sampling has now
defined
high-grade copper-silver ± gold mineralization in outcrop across a 400 x
300 m
area,
and a
100 m
vertical extent
. Mineralization appears to consist of stacked quartz-chalcopyrite-
magnetite veins with a consistent north-south orientation. Zeus is drill ready and will be a priority for
2025.
The Ben zone is a historical Minfile occurrence located 2.5 km northwest of the Zeus zone. Crews
followed-up on a 2003 sample that returned elevated gold, silver and copper, and collected nine
samples in the area.
A highlight sample returned 10.90% copper with 39.5 g/t gold, and 2,680
g/t silver
from outcrop
.
Six samples returned greater than 100 g/t silver, five returned greater than
1% copper, and four greater than 1 g/t gold, defining mineralization in outcrop across a
300 m
long
area.
Follow-up work on a ridge-top between the Atlas and
Copper Cliff
targets identified high-grade
copper-silver mineralization in outcrop, with a highlight sample returning
5.64% copper, 337 g/t
silver, and 0.11 g/t gold
.
A total of
1,759 m
of diamond drilling was completed at PIL South in two holes targeting an induced
polarization chargeability target at depth. Both holes intersected a high abundance of sulphide
minerals throughout, with broad intervals of low-grade copper, gold, silver, molybdenum, and zinc.
Both holes returned increasing copper-gold grades towards the end of hole, suggesting the porphyry
target may lie deeper than tested.
Hole PILS-24-006 returned
162.00 m
of 0.10% copper with 0.05 g/t gold, 7.1 g/t silver, and 0.18%
zinc from
749.00 m
, including an interval which returned
1.65 m
of 1.34% copper with 0.63 g/t gold
and 195.0 g/t silver
from
837.35 m
. Hole PILS-24-005 returned
121.57 m
of 0.10% copper with
0.03 g/t gold, 4.0 g/t silver, 11.6 ppm molybdenum and 0.39% zinc from
463.31 m
. The copper-gold-
silver-molybdenum-zinc mineralization observed in holes 5 and 6 is dominantly associated with
propylitic to phyllic altered basalts of intermediate sulphidation epithermal origin and additional drilling
is required to vector into the causative porphyry source.
Table 1: 2024 PIL Drilling Highlights
Drill Hole
From (m)
To (m)
Interval
(m)*
Copper
(%)
Gold
(g/t)
Silver
(g/t)
Molybdenum
(ppm)
Zinc
(%)
CuEq**
(%)
PILS-24-005
188.00
230.00
42.00
0.05
0.10
5.0
9.6
0.28
0.16
and
463.31
584.88
121.57
0.10
0.03
4.0
11.6
0.39
0.15
and
758.00
785.00
27.00
0.08
0.12
9.7
5.7
0.75
0.24
PILS-24-006
386.27
407.00
20.73
0.13
0.16
6.2
25.9
0.64
0.29
and
749.00
911.00
162.00
0.10
0.05
7.1
5.9
0.18
0.19
incl.
821.00
896.00
75.00
0.15
0.09
12.3
7.8
0.24
0.32
and incl.
837.35
839.00
1.65
1.34
0.63
195.0
9.8
0.20
3.43
*
The reported intervals are drilled thicknesses and true widths are unknown.
**
Copper Equivalent (CuEq) calculations use metal prices of US$3.75/lb for copper, US$1,950/oz for gold and US$25/oz for silver. Recovery factors of 85% for copper, 75% for
gold and 75% for silver were used based on a review of similar projects, as no metallurgical data has been collected for PIL. Molybdenum and zinc were not used in the CuEq
calculation.
Catch Property Exploration,
Yukon
Cascadia's 2024 exploration program at the Catch property was conducted in two phases, with
three holes (
1,613 m
) drilled in the first phase, and two holes (
1,442 m
) drilled in the second.
Prospecting was also conducted at the Amp zone, where high-grade gold-silver epithermal
mineralization was discovered earlier this season, including a sample which returned
1,065 g/t gold
with 267 g/t silver
from outcrop. For more details on phase one work, see Cascadia's news
releases dated
July 22
nd
and 25
th
, 2024.
The phase two prospecting program focused on collecting additional samples and structural data at
the Amp zone necessary to prepare for drilling in 2025. Crews collected a further 11 samples in the
area around the high-grade discovery, with one returning
187 g/t gold with 33.9 g/t silver
, and
another returning
141 g/t gold with 45.2 g/t silver
. Three more samples returned between 4.05 g/t
gold and 9.24 g/t gold. Crews identified a conjugate set of quartz-calcite veins related to the gold-
silver mineralization and collected numerous structural measurements to advance the target to the
drill-ready stage.
Additional mapping of the Volt zone resulted in a reinterpretation of the potential source of the
largest area of surface copper-gold mineralization on the Catch Property, suggesting the bedrock
source of the mineralization may occur at a magnetic high target approximately
400 m
southeast or
up-ice from the 2023 drill holes. The Volt Zone has an average rock grade of 0.32% copper with
0.70 g/ t gold in 258 rocks collected at surface in float over a 500 x
500 m
area. The Volt zone
remains a top priority drill target for 2025.
The phase two program included drilling two additional step-out holes at the Spark zone. Hole CA-
24-009 stepped out a further
380 m
east from CA-24-006, testing a potential extension of
mineralization in this direction. The hole returned several intervals of anomalous gold, including
26.36
m
of 0.16 g/t gold with 0.05% copper from
237.27 m
.
Hole CA-24-010 stepped out
150 m
north of CA-24-006 and returned a broad interval of copper and
gold mineralization (
144.00 m
of 0.14% copper with 0.03 g/t gold from
454 m
).
While the results of these two holes limit the potential for expansion to the east, the Spark zone
remains open to the north, west, south and at depth. Significant intervals of potassic alteration have
yet to be encountered and future drilling will continue to vector towards the core of the system.
Additional petrographic and hyperspectral work will be undertaken over the winter and will aid in
vectoring for the 2025 field season.
Table 2: 2024 Catch Drilling Highlights
Drill Hole
From (m)
To (m)
Interval (m)
*
Copper (%)
Gold (g/t)
CuEq
**
CA-24-006
252.00
429.00
177.00
0.25
0.14
0.34
incl.
309.00
415.00
106.00
0.37
0.22
0.52
and incl.
352.00
358.55
6.55
0.67
0.87
1.25
CA-24-007
51.15
630.00
578.85
0.10
0.01
0.11
incl.
524.00
627.00
103.00
0.22
0.04
0.25
CA-24-008
195.95
413.00
217.05
0.10
0.02
0.11
incl.
195.95
226.95
31.00
0.25
0.02
0.26
CA-24-009
237.27
263.63
26.36
0.05
0.16
0.16
CA-24-010
250.00
267.36
17.36
0.45
0.04
0.48
and
454.00
598.00
144.00
0.14
0.03
0.16
*
The reported intervals are drilled thicknesses and true widths are unknown.
**
Copper Equivalent (CuEq) calculations use metal prices of US$3.75/lb for copper and US$1,950/oz for gold. Recoveries factors of 85% for copper and 75% for gold were used
based on a review of similar projects, as no metallurgical data has been collected for Catch.
QA/QC
Analytical work was completed by ALS Canada Ltd, with sample preparation in
Whitehorse
,
Yukon
,
Kamloops, BC
, and
Langley, BC
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 Catch samples by the Au-AA24 procedure which involves fire assay
preparation using a 50-gram charge with an inductively coupled plasma-atomic emission
spectroscopy finish ("ICP-AES"). Gold was determined for PIL samples by the Au-AA23 procedure
which involves fire assay preparation using a 30-gram charge with an ICP-AES finish. Multi-element
data for 48 elements was determined for all samples by the ME-MS61 procedure, which involves a
four-acid digestion followed by ICP-AES and inductively coupled plasma-mass spectrometry.
Overlimit values for gold were determined by the Au-GRA21 procedure which involves fire assay
preparation using a 30-gram charge with a gravimetric finish. Overlimit values for copper, silver, lead
and zinc were determined by the ME-OG62 procedure which involves a four-acid digestion followed
by ICP-AES analysis. Further overlimit values for silver were determined by the Ag-GRA21
procedure which involves fire assay preparation using a 30-gram charge with a gravimetric finish.
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.
Results referenced in this release represent highlight results only. Below detection values for gold,
copper, silver, molybdenum, lead and zinc have been encountered in drilling, rock and soil 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 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 including 3.88% copper with
30.0 g/t gold and 1,065 g/t gold with 267 g/t silver.
In addition to Catch, Cascadia is exploring the PIL Property in the Toodoggone region of
British
Columbia
, which hosts numerous porphyry copper-gold and epithermal gold targets. Multiple high-
grade showings at PIL have yet to be drilled, with rock samples including 12.25% copper with 329
g/t silver at the Zeus zone, 10.90% copper with 39.5 g/t gold and 2,680 g/t silver at the Ben zone,
and 489.71 g/t gold with 6,514 g/t silver at the Atlas zone. 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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/October2024/23/c4013.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 23-OCT-24