Pitman Property Exploration Update
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
February 12, 2020.
Pitman Property Exploration Update
Vancouver, British Columbia - (February 12th, 2020) Casa Minerals Inc. (TSX-V: Casa; OTC: CASXF; Frankfurt: 0CM) (the
“Company” or “Casa”) reports results of 2019 diamond drilling at its Pitman Project located near Terrace, B. C.
Casa Minerals’ Pitman Property, located 25 km northeast of Terrace, B. C., was explored by 12 holes with total length 2036
metres. The drilling program began August 28 and continued until October 17, 2019 and was directed to the Paddy Mac gold
quartz veins and to the recently discovered Dragon Tale silver -zinc-lead prospect. Drill cores were examined and sampled by
Company personnel and samples were assayed by an accredited independent laboratory. QA/QC measures, including
submission of duplicate and standard samples, were observed.
The Pitman property is located in the very rugged Coast Mountains and comprises several prospective mineralized areas,
including the Paddy Mac gold veins with surface samples that assayed as much as 574.42 g/t gold plus silver, copper and lead,
the nearby Golden Dragon area of irregularly distributed copper-gold occurrences, the Dragon Tale silver-zinc-lead mineralized
area, the large Gold Dome and WoMo area that lies at higher elevation and includes many areas of high -grade gold, silver,
copper, lead, zinc and molybdenum mineralization, and the historic Pitman molybdenum prospect located near the Skeena
River.
Paddy Mac
Casa’s 2019 Pitman program was the first such exploration by drilling since 1980 at the historic Pitman Prospect and followed
earlier work by the Company that included mapping, sampling, geochemical sampling and an airborne geophysical survey. Drill
targets were selected from available data, including 2018 surface sampling and geological modeling. Drill holes are summarized
in Table 1 and illustrated in Figure 1.
Table 1. Pitman Drill Holes – 2019
Area Hole Easting Northing Elevation Azimuth Dip Length
Paddy Mac
PG19-01 539484 6067261 1483 360 -60 269.75
PG19-02 539484 6067256 1483 180 -60 156.97
PG19-03 539266 6067324 1504 310 -60 268.24
PG19-04 539891 6067299 1366 180 -50 262.73
PG19-05 539891 6067299 1366 360 -60 188.06
Dragon Tale
PD19-01 540960 6066083 827 40 -50 156.66
PD19-02 540960 6066083 827 40 -70 196.42
PD19-03 541013 6066128 821 0 -90 108.8
PD19-04 541013 6066128 821 180 -60 130.14
PD19-05 541333 6066217 826 245 -60 105.76
PD19-06 541333 6066217 826 0 -90 96.62
PD19-07 541281 6066188 807 0 -90 96.62
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
Figure 1 : Paddy Mac Drill Plan
Drill holes were directed toward several quartz veins that outcrop over several hundred metres in the steep walls of the
Carpenter Creek valley and cirque. Although the drill holes did not reach the veins, the geological information has enabled a
better understanding of the lithology and structures, and will be a valuable guide to further drilling. As shown in Figure 2, the
targeted quartz veins appear to be offset by a previously unrecognized high angle faults.
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
Figure 2: Vertical Section with Drill Holes and Fault (Projected)
Dragon Tale
The Dragon Tale area lies in a road-accessible location 1.9 km south of Paddy Mac. Drill holes, mostly shallow, explored black
shale mineralized with zinc and copper sulphides, and barren granitic dykes. Drill hole PD19 -07 intersected 40.77 g/t silver,
1.85% copper over 0.58m between 7.03m and 7.61m, and drill hole PD19 -06 intersected 20.12 g/t silver, 0.14% copper of 1.0
m between 23m and 24m. Future work in the area may include geophysical surveys to define mineral zones in the host formation.
Arsenault Property Update
Casa has applied for a drilling permit for its Arsenault property located in northern British Columbia. The property lies within the
traditional territory of the Teslin-Tlingit First Nation and the Company, in consultation with the First Nation, is proposing a program
of exploration that will include drilling. Work in recent years has included geologic mapping, geochemical soil sampling and an
airborne geophysical survey of the area.
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
On Behalf of Board of Directors
Farshad Shirvani, M.Sc. Geology
President and CEO
For more information, please contact:
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 c ontrol. 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 resu lts 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.
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OF THIS RELEASE.