- Cascadia Minerals (TSXV:CAM) is sharing high-grade prospecting results from 2024 phase-1 exploration at its Catch property in Yukon Territory
- Follow-up prospecting focused on the Amp zone returned 1,065 grams per ton (g/t) of gold with 267 g/t silver in outcrop, representing the highest grades on the project to date
- Cascadia is a Canadian junior miner focused on copper and gold discoveries in the Yukon and British Columbia
- Cascadia Minerals stock has added 36.11 per cent year-over-year and 11.36 per cent since inception in 2023
Cascadia Minerals (TSXV:CAM) is sharing high-grade prospecting results from 2024 phase-1 exploration at its Catch property in Yukon Territory.
The phase 1 program encompasses prospecting, mapping, and diamond drilling, including three diamond drill holes across 1,613 metres at the Spark zone and a total of 89 rock samples to date.
Follow up prospecting focused on the Amp zone returned 1,065 grams per tonne (g/t) of gold with 267 g/t silver in outcrop, representing the highest grades on the project to date, as well as 47.2 g/t gold with 19.3 g/t silver from a different outcrop. The gold-silver mineralization appears to be epithermal in nature.
The company discovered the Amp zone in late 2023 between the Spark and Volt zones, approximately 1 kilometre north of this season’s diamond drilling at Spark, within a broad 5-km-long copper-in-soil anomaly. Amp returned 0.21 per cent copper with 4.82 g/t gold from the record outcrop during 2023 prospecting.
Amp also exhibits significant copper mineralization, with a 2023 subcrop sample 60 m northwest of the record outcrop returning 1.68 per cent copper with 0.72 g/t gold. Sixteen rock samples at Amp have returned more than 0.10 per cent copper.
According to Thursday’s news release, samples suggest the potential for copper-gold porphyry at depth and epithermal gold-silver mineralization at surface.
Amp will soon undergo an induced polarization geophysical survey as part of the ongoing 2024 phase-2 exploration program, which will also include additional prospecting and diamond drilling on the Catch property.
The Catch property
The 119-square-km Catch property is in central Yukon, 50 km southeast of Carmacks, in an underexplored part of the Stikine terrane, which is well-endowed with copper-gold-molybdenum porphyries including Red Chris, Schaft Creek, Kemess, KSM and Galore Creek.
Cascadia’s other portfolio holdings – PIL in British Columbia, and Mack’s Copper, Milner and Sands of Time in the Yukon – host numerous copper porphyry, copper-gold porphyry and epithermal gold targets.
Leadership insights
“The discovery of such high-grade epithermal gold mineralization over 1 km north of a new drill-confirmed porphyry discovery is a significant development for us,” Graham Downs, Cascadia’s president and chief executive officer, said in a statement. “Epithermal gold-silver mineralization is often associated with porphyry systems but not always preserved. The Amp zone represents another distinct target on this district-scale property.”
“I would like to commend and congratulate our team for their hard work and determination in making new prospecting discoveries across the 119-square-kilometre property, with much of it still awaiting systematic evaluation,” Downs added. “Crews are excited to be back at Catch and will be continuing to follow up on the Amp zone and other targets while drilling is underway at Spark. In addition to our ongoing drill programs at Catch and PIL, soil sampling and prospecting is now underway at the Sands of Time, Mack’s Copper and Milner properties, which all have early-stage copper-gold porphyry potential.”
About Cascadia Minerals
Cascadia is a Canadian junior miner focused on copper and gold discoveries in the Yukon and British Columbia. The company counts Hecla Mining, Barrick Gold and Michael Gentile as its largest shareholders.
Cascadia Minerals stock (TSXV:CAM) is down by 2 per cent, trading at C$0.24 per share as of 10:18 am ET. The stock has added 36.11 per cent year-over-year and 11.36 per cent since inception in 2023.
Join the discussion: Find out what everybody’s saying about this junior gold, copper and silver stock on the Cascadia Minerals Ltd. Bullboard and check out Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top photo of copper-gold mineralization at the Catch property in the Yukon reported in 2022: Cascadia Minerals)