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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 jdn55on Nov 24, 2016 11:02am
201 Views
Post# 25508320

RE:RE:RE:Really aggressive selling

RE:RE:RE:Really aggressive sellingAs I've stated a few times now in the past couple of years (and was crticised by some on this board for making the statements), the problem is that ATC mangement has mailed it in for the last 4 exploration seasons. What did they drill this year?? Maybe 3000M and they've got $20MM or so in the kitty?? I understand the concept of capital preservation and trying to minimize dilution but these guys are ridiculous. They probably didn't spend more than $2 - 3MM in exploration dollars this year. 

I love the concept of the district play however it's becoming apparent that what they have thus far just isn't economic or in the case of Tiger, marginally economic. They need more oz's and they're not going to find them if they don't drill.  Let's just hope this year's surficial exploration some new targets to drill next year. This year's drill results are marginal at best.  


Bullboard Posts