Cascadia Minerals Ltd. Announces 2024 Yukon Exploration Plans
Phase 1 Exploration Highlights
- 1,200 m of diamond drilling at theCatch Property, following up on 2023 drill hole CA-23-002 which returned 116.60 m of 0.31% copper with 0.30 g/t gold from a new porphyry discovery (Figure 1);
- Comprehensive property-wide prospecting, mapping and soil sampling at Catch to advance up to ten additional copper-gold targets;
- Inaugural exploration programs at the Mack's Copper and Milner properties, two recently staked Stikine Terrane projects hosting new copper-gold showings with significant copper-gold porphyry discovery potential (Figures 2, 3, 4); and
- Grassroots exploration at the Sands of Time property, which hosts two large molybdenum ± copper soil anomalies located adjacent to Western Copper and Gold's Casino Project, where Rio Tinto and Mitsubishi Materials are strategic investors.
"We're very excited to embark on our
Figure 1 – Catch Drill Plan Map
Figure 2 – Cascadia Stikine Property Map
Figure 3 – Mack's Copper Highlights
Figure 5 – Sands of Time Highlights
Catch Property
In 2023, Cascadia conducted the inaugural diamond drill program at the Catch Property, which resulted in the drill confirmation of a significant new copper-gold porphyry discovery at the
Diamond drilling is scheduled to commence
A comprehensive prospecting, mapping and soil sampling program will also be completed across underexplored portions of the property. Ten additional targets have been prioritized for follow-up rock sampling based on results of previous soil sampling and an airborne ZTEM survey. A 1.6 x 0.6 km copper-in-soil anomaly with an associated 500 x 500 m magnetic low (analogous to the Spark showing) located 10 km southeast of CA-23-002 has been identified as a high priority for prospecting. Crews will also work on improving Cascadia's understanding of the
For more information on the Catch property, please visit Cascadia's website at https://cascadiaminerals.com/projects/catch-yt/
Mack's Copper Property
The 75 km2 100%-owned Mack's Copper Property is located 44 km south of
Work in 2023 included the collection of 118 rock samples, 38 soil samples, and 38 silt samples, as well as compilation and digitization of historical work within the property boundary. Cascadia crews collected a rock sample returning 3.31% copper with 1.23 g/t gold, 90.6 g/t silver and 0.90% lead from quartz veins within a basalt outcrop on the western portion of the property (Figure 3). An outcrop in the northeastern part of the property returned 0.68% copper with 0.31 g/t gold and 6.9 g/t silver in an area with no documented historical exploration. Crews also sampled 0.18% copper with 0.37 g/t gold, 40 g/t silver and 12.7 ppm molybdenum from subcrop in the southeastern part of the property within a historical copper-in-soil anomaly with historical rock samples returning up to 3.00% copper, with 1.28 g/t gold and 59.2 g/t silver.
These results combined with the synthesis of historical work and regional geophysics have identified multiple promising targets for copper-gold porphyry mineralization across the property, which will see follow-up mapping, prospecting and soil sampling in 2024.
Milner Property
The 44 km2 100%-owned Milner Property is located 80 km northeast of
Work in 2023 included the collection of 76 rock samples, 80 soil samples, and 3 silt samples. Rock samples from a large undocumented gossan on the east portion of the property yielded numerous anomalous results, with a highlight sample returning 0.45% copper with 0.24 g/t gold, 6.0 g/t silver, and 34 ppm molybdenum (Figure 4). A sample from the central part of the property returned 0.38% copper with 0.22 g/t gold from a float sample of a quartz vein.
The 2024 exploration program will include broad property-wide grid soil sampling, as well as focused prospecting in areas of anomalous 2023 soil and prospecting results or regional geophysical features.
Sands of Time Property
The 57 km2 Sands of Time Property is located immediately adjacent to Western Copper and Gold's Casino porphyry project in western-central
The property is in unglaciated terrain and a copper-depleted leached cap is expected in this environment, similar to the Casino deposit. Molybdenum is relatively immobile compared to copper under these weathering conditions and can be used as a vector towards blind porphyry molybdenum ± copper-gold mineralization.
Exploration in 2024 will include prospecting, mapping, soil sampling and a review of historical core stored on the property. Work will be focused in two areas, the NE target – adjacent to the Casino property – and the Amoco target, where historical drilling returned grades similar to the leached cap of the Casino Deposit.
About Cascadia
Cascadia is a Canadian junior mining company focused on exploring for copper and gold in the
In addition to Catch, Cascadia is conducting exploration work at its PIL Property in
QA/QC
Analytical work for samples was completed by
Results referenced in this release represent highlight results only. Below detection values for copper, gold, silver, molybdenum and lead have been encountered in silt, rock and soil samples in these target areas. Historical samples are referenced from publicly available assessment reports and have not been independently verified by Cascadia.
The technical information in this news release has been approved by
On behalf of
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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.
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