Casa Commences Exploration on the Pitman Project
BC’s newest Gold Company
Casa Minerals Inc.
880-409 Granville St.
Vancouver, BC, V6C 1T2
P: 604-689-9523
F: 778-379-3899
https://www.casaminerals.com
25/06/2019
Casa Commences Exploration on the Pitman Project
Vancouver, British Columbia - (June 25th, 2019) Casa Minerals Inc. (TSX -V: Casa; OTC: CASXF; Frankfurt: 0CM) (the
“Company” or “Casa”) is pleased to announce commencement of exploration on its 100% owned Pitman Polymetallic property
located 20 kilometers north of Terrace, British Columbia. The “Golden Dragon discovery vein network” at Pitman has returned
rock surface assays up to 574 g/t Gold and 269 g/t Gold, and “Dragon Tale discovery outcrops” returned rock assays as high as
231 g/t Silver and 6.15% Zinc.
Dr. Ron Britten, P.Eng., has been contracted to review and examine the Golden Dragon and Dragon Tale discoveries. This work
includes current geological mapping, directing a chip channel sample program across the targets for analysis, selecting key rock
samples for petrographic (microscopic) examination, help guiding the exploration team and to recommend future explo ration
programs.
Casa’s exploration team is finalizing details of a summer 2019 drill campaign.
Golden Dragon and Dragon Tale:
The Golden Dragon (“GD”) vein network was explored in 2018 by Casa’s field crew that prospected and sampled the historic
Paddy Mac and Gold Dome gold prospects and nearby areas, some parts of which have recently become accessible due to
melting of glaciers. The GD vein system includes multi-level semi-parallel veins of apparent east-west attitude that have been
traced intermittently over approximately 500 metres. Numerous occurrences are daylighted on the north facing slopes of the
Nass Plateau and are overlain to the west by talus material. Veins are inclined southerly at 55 to 65 degrees and are hosted by
brecciated argillite cemented by stringers of quartz and irregularly distributed pods and veinlets of pyrite and chalcopyrite. Vein
widths vary and in places are as much as three metres (10 feet) and several have not been adequately mapped and sampled.
Rock samples from the Golden Dragon discovery area have returned analyses with very significant gold, silver and base metal
values including those in the following table:
Sample ID
Golden Dragon Type Thickness Gold (g/t) Silver (g/t) Copper (%) Lead (ppm)
A0007218 Vein (Rock chip
sample - 2018) 2 ft (0.61 m) vein 574.42 109 0.1 15600
A0007221 Vein (Rock chip
sample - 2018) 3 ft (0.91 m) vein 268.86 127 0.2 29500
A0007219 Vein (Rock chip
sample - 2018) 1 ft (0.3 m) vein 50.83 28 Trace 2100
The Dragon Tale (“DT”) prospect, located 2.2 km south of the Company’s Golden Dragon gold area, is a possibly significant zone
of mixed sulphide mineralization that was first reported in a news release dated October 16, 2018. Samples from prospecting
and rock and soil geochemical sampling of “Dragon Tale” (“DT”) area returned assays as high as 231 g/t Silver and 6.15% Zinc.
The “DT” area has not been adequately sampled: several samples with significant Silver, Copper, Lead and Zinc values are
included in the following table:
BC’s newest Gold Company
Casa Minerals Inc.
880-409 Granville St.
Vancouver, BC, V6C 1T2
P: 604-689-9523
F: 778-379-3899
https://www.casaminerals.com
Sample ID
Dragon Tale Type Silver (g/t) Copper (%) Lead (ppm) Zinc (%)
A0038669 Rock 2018 231.00 3.18 1,256 6.15
A0007766 Rock 2018 181.00 2.11 1,241 0.21
A0007599 Rock 2018 69.60 2.83 130 0.02
A0007763 Rock 2018 59.60 0.71 179 7.26
A0038623 Rock 2018 26.80 0.18 62 11.98
A0007753 Rock 2018 5.60 0.03 23 7.10
Qualified Person:
Mr. Erik Ostensoe P.Geo., a director and chief geologist of the Company, a Qualified Person as defined by National Instrument
43-101, has reviewed and approved the scientific and technical disclosure in this news release.
About Casa Minerals Inc.
The Company is engaged in the acquisition, exploration and development of mineral properties located in Canada. The Company
owns a one hundred percent (100%) interest in the polymetallic Pitman and Keaper properties and has an option to acquire a
seventy-five percent (75%) interest in the Arsenault VMS Property. Planning and permitting for exploration of the properties is
in progress.
The polymetallic Keaper Property is located 20 kilometers northeast of Terrace, British Columbia, and comprises 3,602 hectares.
The polymetallic Pitman Property comprises four contiguous mineral tenures covering 4,255 hectar es and is located 20
kilometers north of Terrace, British Columbia. The mineral claims of the Pitman Property include several historic prospects,
including the Pitman copper-molybdenum ± silver prospect, and the Gold Dome and Paddy Mac gold - base metal prospects.
Casa’s field crews have been exploring the Pitman Property for several years and work is continuing with emphasis on further
sampling to better define the distribution of gold, copper, silver and molybdenum values. Some parts of the property have only
recently become accessible as a result of the retreat of glaciers and permanent snowfields.
Casa’s Arsenault VMS Property comprises eight mineral tenures covering approximately 9,672.5 hectares located in the Atlin
Mining Division, British Columbia. The Company in recent years has conducted several exploration programs on the Arsenault
Property and believes that an attractive volcanogenic massive sulphide exploration target may be located within its limits. Further
work is planned, with the objective of proceeding to a drilling program to test several areas identified by geological mapping,
prospecting, and geophysical and geochemical surveys.
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
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
this 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 required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise
forward-looking information.
NEITHER 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.