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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 jaydawgon Jan 30, 2014 11:46am
309 Views
Post# 22153269

RE:RE:For those interesred in carlin type deposit

RE:RE:For those interesred in carlin type depositTheir resource strategy is very baffling. They stated a couple of years ago they needed to prove up 5 million to make it a feasible deposit and by Raymond Jame's recent calculations, they already have 3.5 million in the ground. Why not just finish up the drilling (and the rest of their cash) to get to that amount? Brent Cook has stated that  5 million ounces is the magic figure for his deposit as well. However, Lucky5 has a good batting average regarding management's strategy, so I suspect his information about their plans for a huge global resource estimate at the end of 2015 is probably correct. If I interpret it correctly, management is gambling that a 20 million oz. guesstimate is more valuable than an industry vertified 43-101 resource estimate of 5 million ounces. Not sure I agree.
Bullboard Posts