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Cascadia Minerals Ltd V.CAM

Alternate Symbol(s):  CAMNF

Cascadia is a Canadian junior mining company focused on exploring for copper and gold in the Yukon and British Columbia . Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper and 30.00 g/t gold.


TSXV:CAM - Post by User

Bullboard Posts
Comment by flayeron Aug 30, 2011 2:51pm
358 Views
Post# 18994517

RE: Why so bullish on this press release?

RE: Why so bullish on this press release?Yes, I see what you mean re Firefox......many thx.  Here's what I intended to post earlier. Btw, the 'rogue drill' theory was a joke of sorts......

"The second structural setting is a series of vertical shears that crosscut and offset south dipping beds in the east limb of the Osiris anticline. Gold mineralization here is best developed where reactive limestone beds are partially replaced with silica sinter and realgar. The current drill and hand trenching programs have intersected mineralization in both structural settings. Gold assays are pending for much of this work as assay turnaround times have been longer than anticipated."
 
"The Osiris Shear system is approximately 50 m wide and has been traced along strike for a 550 m horizontal distance and a 300 m vertical distance from the top of Osiris Ridge to the new discovery called the Osiris North Zone. Between these locations, the Osiris Shear is interpreted to lie almost entirely within favorable limestone beds. The Osiris North Zone was discovered by excavator trenching a surface arsenic anomaly down to bedrock and exposing approximately 10 m of the Osiris Shear System. The Osiris North Zone Trench was truncated at both ends due to thick overburden."
 
My interpretation of the above is that the Osiris Shear system has the potential to be entirely mineralized. The extent of the North Osiris trench could not be assesed due to thick overburden. - it too could be extensive
 
I am also not entirely happy with the number of rigs that have been, and are currently turning. Clairification from the company might remedy this question. Is it possible that one or two additional rigs are doing some rogue drilling elsewhere on this massive land package? I suppose the more realistic explanation is that they needed a steady stream of assays back from the lab in order to prioritise multiple targets. Still........dissappointed in this regard.
 
Drilling along the Osris Shear, Conrad and the Osiris North zone make this a compelling play...still. I'd like to see what's behind the other doors - I'm certain Graham has not laid down all of his cards.

Bullboard Posts