Airborne VTEM TM Survey Confirms Geochemical Survey and Geological Mapping of Casa’s Pitman Gold, Copper, Silver and Zinc Discoveries
BC’s newest Gold Company
Casa Minerals Inc.
880-409 Granville St.
Vancouver, BC, V6C 1T2
P: 604-689-9523
F: 778-379-3899
W: https://www.casaminerals.com
29/March/2019
Airborne VTEM TM Survey Confirms Geochemical Survey and Geological Mapping of
Casa’s Pitman Gold, Copper, Silver and Zinc Discoveries
Vancouver, BC, March 29, 2019 – Casa Minerals Inc. (TSX-V: CASA, FRANKFURT: 0CM, OTC: CASXF ) (the
“Company” or “Casa”) in September 2018 completed a 223 km airborne VTEM™ and magnetic survey of its Pitman
property located east of Terrace, B. C. Casa is pleased to announce that the survey data displays a large conductive
(up to 25 ohm-m) near-surface mass in parts of the property that were previously identified by geological mapping,
surface sampling and geochemical analyses as potentially valuable gold, silver and base metal occurrences. The
conductivity range of this unit, 0.44 to 25 ohm -metres, is consistent with that of sul phide mineral occurrences.
The surface expression of the geophysical anomaly is approximately 2.3km x 1.4km and includes the areas of the
Golden Dragon and Dragon Tale discoveries that were announced earlier (New Releases Oct. 16 and Dec. 12,
2018).
https://www.casaminerals.com/projects/pitman-paddy-mac/3d-video/
BC’s newest Gold Company
Casa Minerals Inc.
880-409 Granville St.
Vancouver, BC, V6C 1T2
P: 604-689-9523
F: 778-379-3899
W: https://www.casaminerals.com
The VTEM™ (Versatile Time Domain Electromagnetic) geophysical survey method transmits electrical impulses
into the ground, followed by measurement of the rate of decay of the electrical sig nal. Sulphide mineral
occurrences generally are more strongly conductive relative to most rock formations.
3D conductivity modeling of the Golden Dragon and Dragon Tale occurrences is shown in the accompanying
drawing.
About the Pitman Property
Casa Minerals Inc. is exploring several mineral zones on its Pitman Property located near Terrace in northwestern
British Columbia, including, the Paddy Mac and Golden Dragon complex of gold-bearing quartz veins, the recently
BC’s newest Gold Company
Casa Minerals Inc.
880-409 Granville St.
Vancouver, BC, V6C 1T2
P: 604-689-9523
F: 778-379-3899
W: https://www.casaminerals.com
discovered Dragon Tale zinc -silver-copper prospect, the high elevation WoMo multi -metal porphyry -type
prospect, and the historic Pitman moly bdenite site. Exploration has included geological, geochemical and
geophysical surveys, including a late season 2018 airborne VTEM™ electromagnetic and magnetic survey of the
entire property. Mapping and geochemistry have confirmed and expanded the historic information.
The Golden Dragon was discovered in 2018 (News Release 16/10/18) and is situated close to the “Lucky Zone”,
another discovery that has yet to be investigated, and the historic Paddy Mac Gold prospect. The Golden Dragon
includes numerous g old and silver veins that returned values as high as 574 g/t gold plus 109 g/t silver, 0.1%
copper, 1.56% lead and 0.23% zinc over 0.6m and 268.86 g/t gold, 127 g/t silver, 0.2% copper, 2.95% lead and
0.04% zinc over 1m. The Golden Dragon complex quartz v eining system is the project’s advanced exploration
target.
The Dragon Tale zinc -silver-copper mineralization, another 2018 discovery , is exposed along a logging road
(News Release 12/12/18). Samples returned assays as high as 231 g/t silver , 3.18% copper (not previously
reported) and 11.98% zinc in a zone exposed for 320 metres along a logging road and nearby outcroppings. The
follow-up airborne VTEM™ and magnetic survey showed strong conductivity and moderate magnetic
susceptibility, consistent wit h mineralization in a sedimentary system, that extends easterly to the property
boundary. Casa’s data indicates that the host formation is a weakly metamorphosed mixed black shale and fine-
grained sandstone unit, believed to be of Mid to Upper Jurassic ag e, that, in the opinion of provincial geologists
who mapped the formation in the Pitman area in 2006, may correspond to rocks that occur in and near the historic
Eskay Creek Mine. Mr. Shirvani, President and CEO of Casa, notes that the Dragon Tale is easily accessed by logging
road and will be a high priority for drill testing.
The WoMo prospect comprises strong sulphide mineralization in a large area of porphyry-type alteration adjoining
a granitic intrusion. Government geologists noted that the mineral zone resembled “…a classic porphyry system
located at the margin of the Carpenter Creek pluton” with gold-silver-base metal enrichments. Metal values were
confirmed in 2010 by company personnel who reported numerous samples with assays in excess of 1% copper,
1% lead, 1% zinc and as high as 3 ,225 and 3 ,929 ppb gold . The airborne geophysical survey mapped strong
resistivity and strong magnetic intensity in the WoMo area, giving it added potential for significant discoveries.
The VTEM™ apparent 3D resistivity and magnetic data, and geochemical and prospecting discoveries will be the
basis for selecting Golden Dragon and Dragon Tale drilling targets.
BC’s newest Gold Company
Casa Minerals Inc.
880-409 Granville St.
Vancouver, BC, V6C 1T2
P: 604-689-9523
F: 778-379-3899
W: https://www.casaminerals.com
Casa is also pleased to announce the board of directors approved the adoption of an advance notice policy. The
purpose of the policy is to provide shareholders, directors and management of the company with a clear
framework for nominating directors.
Among other things, the policy includes a provision that requires advance notice to be given to the company in
circumstances where nominations of persons for election to the board are made by shareholders of the company.
The policy fixes a deadline by which director nominations must be submitted to the company prior to any annual
or special meeting of shareholders and sets forth the information that must be included in the notice to the
company in order for a nominee to be eligible for election.
This policy was approved and adopted by the board o n March 25, 2019 , and is and shall be effective and in full
force and effect in accordance with its terms and conditions from and after such date. Notwithstanding the
foregoing, if this policy is not approved by ordinary resolution of shareholders of the corporation present in person
or voting by proxy at the next meeting of those shareholders validly held following the effective date, then this
policy shall terminate and be void and of no further force and effect following the termination of such meeting of
shareholders.
Full text of the policy will be available on SEDAR.
Qualified Person:
Erik Ostensoe P.Geo., a Director of the Company, a Qualified Person as defined by National Instrument 43 -101,
has reviewed and approved the technical disclosure in this news release.
About Casa Minerals
Casa Minerals is engaged in the acquisition, exploration and development of mineral properties located in Canada.
The Company holds a 100% interest in the polymetallic Pitman and Keaper properties and an option to acquire a
75% interest in the Arsenault VMS copper-gold-molybdenum property. Pitman, the company’s flagship property,
and Keaper are located near Terrace, British Columbia. The Arsenault property is located approximately 130
kilometers east-northeast of Atlin in northern British Columbia.
On Behalf of Board of Directors:
Farshad Shirvani, M.Sc. Geology
President and CEO
For more information, please contact:
BC’s newest Gold Company
Casa Minerals Inc.
880-409 Granville St.
Vancouver, BC, V6C 1T2
P: 604-689-9523
F: 778-379-3899
W: https://www.casaminerals.com
Casa Minerals Inc.
Farshad Shirvani, President & CEO
Phone: (604) 689-9523
Email: [email protected]
https://www.casaminerals.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as
of the date of th is news release. These statements reflect management’s current estimates, beliefs, intentions
and expectations. They are not guarantees of future performance. The Company cautions that all forward looking
statements are inherently uncertain and that actual performance may be affected by a number of material factors,
many of which are beyond the Company’s control. Such factors include, among other things: risks and
uncertainties relating to the Company’s limited operating history and the need to comply with environmental and
governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or implied in the forward -looking information.
Except as requ ired under applicable securities legislation, the Company undertakes no obligation to publicly
update or revise forward-looking information.
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 RELEASE.