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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 Oct 26, 2015 12:02pm
131 Views
Post# 24227049

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:10 sq/km Gold-in-Soil Anomaly 5 km Southeast of Its Tiger Go

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:10 sq/km Gold-in-Soil Anomaly 5 km Southeast of Its Tiger GoI didn't say it was a resource estimate, the number that was calculated came from all the drill intersections from Conrad, Osiris and Anbus (i missed the "s" in  surrounding deposits). The data was input according the formula offered by Goldseek. It did not contain Tiger as the resource has already been delineated for that deposit. As for density - see number 4 - it's says "determine/guess". I used 12, but whether is 10, 11, 13, 14 or 15, it isn't going to affect the final calculation that much. Obviously there is a lot of drilling that has to be define the final resource, but the calculation is correct according to the formula that was offered.  And unless you can reasons why that formula is wrong, the number that came out at the end is correct from the drilling data available. Run the numbers yourself, you'll come up with the same number I did.

However, you do not need mine or anybody else's figures as a reason to get out of Dodge on this junior. The company's actions should be enough. When the company stated 4 years ago they need 4 million ounces to make Nadaleen Trend viable, then drill for 2-3 years, then slowly curtail  their drilling activity for the next 2 years, then start moving back to the Tiger deposit, it's a big red flag. As a long-time investor in Atac, I think I've unfortunately learned the hard way why Carlin deposits are called "no-see-um" gold.


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