Drilling at Congress Gold Mine Project Returns as high as 14.9 g/t Gold over 1.5m
Drilling at Congress Gold Mine Project
Returns as high as 14.9 g/t Gold over 1.5m
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2023) -
Casa Minerals Inc.
(TSX: CASA)
(OTC Pink: CASXF) (FSE: 0CM) (the "Company" or "Casa") is pleased to announce the assay results
of the initial exploration at its Congress Gold Mine Project in Yavapai county, Arizona, USA. Casa's work
included compilation of historic data and drilling of ten holes with total length 6,828ft HQ Diameter.
Results of the field program exceeded expectations, with all the drill holes intersecting the Niagara and
Congress Veins extensions on the property and yielded several noteworthy gold intercepts and long
intervals of strong gold enrichment.
The highest gold intercepted in phase one, 2022 drilling campaign:
CCG-004 14.9 g/t over 1.5 meters, as part of a larger intercept of 3.5 g/t over 10.7 meters
CCG-004 9.3 g/t over 3 meters.
Three distinct areas of gold potential have been identified, two of which were revealed by previous
drilling and one is newly discovered, and named for convenience, Congress z1, z2 and z3, respectively.
These results demonstrate significant exploration potential of the property.
The following map illustrates the identified and confirmed Congress z1, z2 and z3:
Figure 1: Congress Gold Mine Project compilation map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1750/153170_8eed1009d4d8f8cb_001full.jpg
Casa's diamond drilling program tested possible extensions of the formerly-productive Congress and
Niagara vein structures and nearby areas.
Cores were examined, recorded and sampled with the
supervision of personnel from MineMappers, LLC, of Marana, Arizona and Mark Osterberg, ((PhD.,
P.G., Wisconsin), R.G. (Arizona), RMSME, a qualified registered consulting geologist in the state of
Arizona.
Prior to sampling, cores were recorded, photographed and logged for rock types and structures, then
halved by sawing:
one half was submitted to an independent, ISO 9000 registered commercial analytical
laboratory, with initial processing at the lab's Tucson, Arizona, facility and final analysis in Vancouver,
Canada.
The remaining half-core was retained in a secure storage facility on the property where it is
available for further examination. Core handling procedures followed industry-standard QA/QC methods
to ensure integrity of analytical data.
Selected gold intercepts are depicted in Table 1:
DDH
Including
From (m)
To (m)
Width
(m)
Au (g/t)
Ag (g/t)
Year
Operator
CGC-001
70.1
82.9
12.8
0.3
1.1
2022
Casa
CGC-001
Inc.
71.0
79.6
8.5
0.4
1.6
2022
Casa
CGC-001
Inc.
75.0
76.8
1.8
1.1
3.4
2022
Casa
CGC-002
0.0
14.0
14.0
0.0
0.1
2022
Casa
CGC-003
78.3
81.4
3.0
2.6
4.6
2022
Casa
CGC-003
78.3
86.3
7.9
1.9
4.3
2022
Casa
CGC-003
78.3
89.0
10.7
1.6
3.6
2022
Casa
CGC-003
Inc.
85.0
86.3
1.2
4.3
5.6
2022
Casa
CGC-003
85.0
87.5
2.4
2.6
4.3
2022
Casa
CGC-004
12.8
120.4
107.6
0.4
0.7
2022
Casa
CGC-004
Inc.
34.1
69.2
35.1
1.1
1.9
2022
Casa
CGC-004
Inc.
50.9
61.6
10.7
3.5
4.2
2022
Casa
CGC-004
Inc.
55.5
57.0
1.5
14.9
6.9
2022
Casa
CGC-004
55.5
58.5
3.0
9.3
7.3
2022
Casa
CGC-005
70.1
90.5
20.4
0.3
0.5
2022
Casa
CGC-005
Inc.
80.2
82.0
1.8
1.0
0.9
2022
Casa
CGC-005
Inc.
126.8
129.8
3.0
1.1
2.6
2022
Casa
CGC-005
314.6
322.2
7.6
0.9
1.3
2022
Casa
CGC-005
Inc.
320.6
322.2
1.5
2.8
0.3
2022
Casa
CGC-006
55.5
67.7
12.2
0.4
1.2
2022
Casa
CGC-006
58.5
72.5
14.0
0.4
1.0
2022
Casa
CGC-009
0.0
285.3
285.3
0.1
0.4
2022
Casa
CGC-009
256.3
257.9
1.5
2.6
10.4
2022
Casa
CGC-009
262.4
264.0
1.5
1.3
3.4
2022
Casa
CGC-009
268.5
271.6
3.0
1.5
3.2
2022
Casa
CGC-009
268.5
280.7
12.2
1.1
2.1
2022
Casa
CGC-009
283.8
285.3
1.5
3.1
2.1
2022
Casa
CGC-009
Inc.
317.3
318.8
1.5
1.6
1.0
2022
Casa
Casa's extensive database of Congress property information is from several sources, including public
archives, records of previous operations and Dubois family records.
Table 2 is a compilation of some of
the significant gold intersections from those records.
Data in this news release from earlier sources
has not been reviewed or verified by a Qualified Person and should not be relied upon in any
evaluation of the Congress Mine.
Selected historic gold intercepts are tabulated in Table 2:
DDH
Including
From (m)
To (m)
Width
(m)
Au (g/t)
Ag (g/t)
Year
Operator
90-02
77.9
91.3
13.4
1.8
6.6
1990
Other
90-02
Inc.
78.2
86.4
8.2
2.5
6.4
1990
Other
90-02
Inc.
83.0
84.9
1.8
7.6
9.7
1990
Other
90-06
18.0
19.8
1.8
2.3
6.4
1990
Other
90-07
26.9
27.8
0.9
7.5
71.5
1990
Other
90-07
Inc.
67.6
68.2
0.5
4.1
23.3
1990
Other
90-08
205.6
215.3
9.7
3.1
22.5
1990
Other
90-08
Inc.
206.9
207.6
0.7
16.5
107.5
1990
Other
90-08
206.9
208.8
1.9
7.6
46.3
1990
Other
90-08
206.9
214.6
7.7
3.6
26.0
1990
Other
90-09
50.1
51.7
1.5
3.2
5.2
1990
Other
90-09
69.4
70.0
0.6
2.2
11.6
1990
Other
90-12
157.3
157.9
0.6
15.7
51.5
1990
Other
90-12
157.3
165.4
8.1
3.6
11.7
1990
Other
90-12
Inc.
159.9
160.7
0.7
4.6
15.7
1990
Other
90-12
164.6
165.4
0.8
6.4
13.6
1990
Other
90-13
215.3
215.7
0.3
4.7
23.0
1990
Other
90-13
215.3
220.5
5.2
2.7
8.7
1990
Other
90-13
Inc.
219.3
220.0
0.7
4.7
21.5
1990
Other
90-14
37.8
38.3
0.5
2.8
0.1
1990
Other
90-15
186.8
191.4
4.6
2.4
4.6
1990
Other
90-15
Inc.
190.2
191.4
1.2
5.4
9.6
1990
Other
90-18
86.4
86.9
0.5
6.9
2.6
1990
Other
90-18
86.4
87.4
1.0
3.9
1.3
1990
Other
90-18
173.4
175.0
1.5
2.2
1.5
1990
Other
90-18
264.3
264.6
0.3
2.1
0.0
1990
Other
90-20
22.3
22.9
0.6
6.7
6.8
1990
Other
90-20
142.5
143.3
0.7
6.4
9.4
1990
Other
90-20
142.5
145.5
2.9
2.5
6.3
1990
Other
90-20
162.3
165.6
3.3
1.6
4.9
1990
Other
Casa's drilling (Figure 1) was directed to southeast parts of the Congress Mine where historic work
indicated possible extensions of mined areas and to other areas of potential gold mineralization.
Vertical sections Figures 2, and 3 illustrate the location of previous drill holes, mine workings and Casa
drill holes.
Figure 2: Congress Gold Mine Project - Section 2 - 2'
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1750/153170_8eed1009d4d8f8cb_002full.jpg
Figure 3: Congress Gold Mine Project - Section 5 - 5'
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1750/153170_8eed1009d4d8f8cb_003full.jpg
(A complete historic mine plan and sections are posted on the company's website at
https://www.casaminerals.com/elementor-784/historical-drillings-and-layouts
)
The Congress gold mine operated at intervals from 1887 to 1992, with reported production of about
400,000 to 500,000 ounces gold by previous operators included Echo Bay Mines Ltd. and Malartic
Hygrade.
Casa Minerals Inc. owns ninety percent (90%) interest in the Congress gold mine from 40 feet
depth and beyond, subject to a 1.5% Net Smelter Royalty (Arizona, USA).
The property comprises 14
patented mining claims with area 260 acres and undivided one hundred percent of the 494.8 acres that
Casa acquired by staking. In a small part of the property, Surface rights to depth 40 feet (9 m) in part of
the property are held by a third party. Gold mineralization occurs with vein quartz and in areas of strong
siliceous alteration in granite.
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 and the USA. Casa owns ninety percent (90%) interest in the Congress gold mine (Arizona,
USA). This historic high-grade gold producing mine has not been explored nor been in production since
1992. Additionally, the Company owns a one hundred percent (100%) interest in the polymetallic Pitman
and Keaper properties (BC, Canada) and has an option to acquire a seventy-five percent (75%) interest
in the Arsenault VMS Property (BC, Canada).
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) 678-9587
Email:
https://www.casaminerals.com
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.
Certain of the statements made and information contained herein may constitute "forward-
looking information." In particular references to the private placement and future work programs
or expectations on the quality or results of such work programs are subject to risks associated
with operations on the property, exploration activity generally, equipment limitations and
availability, as well as other risks that we may not be currently aware of. Accordingly, readers
are advised not to place undue reliance on forward-looking information. Except as required
under applicable securities legislation, the Company undertakes no obligation to publicly
update or revise forward-looking information, whether as a result of new information, future
events or otherwise.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/153170