The mining newspaper for Alaska and Canada's North
North of 60 Mining News - August 2, 2024
Cascadia Minerals Ltd. July 25 announced that prospecting at its Catch Property in Yukon has returned the highest gold and silver grades to date, including a 0.9-kilogram outcrop sample from the Amp Zone that yielded 1,065 grams per metric ton gold and 267 g/t silver.
Located in an underexplored part of southcentral Yukon, about 56 kilometers (35 miles) southeast of Carmacks, Catch is a 119-square-kilometer (46 square miles) property prospective for significant porphyry copper-gold mineralization.
In addition to Catch, Cascadia is exploring several other projects. These include PIL in British Columbia, as well as Rosy, Sands of Time, and Idaho Creek in Yukon.
Earlier this year, Cascadia outlined its ambitious exploration plans for 2024, focusing on advancing its copper targets critical for the clean energy transition. The Phase 1 exploration program at Catch included prospecting, mapping, and diamond drilling.
Three diamond drill holes totaling 1,613 meters were drilled at the Spark Zone, revealing significant copper and gold mineralization. Highlights included 177 meters averaging 0.25% copper and 0.14 g/t gold, including a significant intercept of 106 meters averaging 0.37% copper and 0.22 g/t gold.
Building on this momentum, the recent announcement from Cascadia highlights the highest gold and silver grades discovered to date on the property.
Situated 1,000 meters north of the Spark Zone, prospecting at the Amp Zone revealed impressive results. This included a 0.9-kilogram outcrop sample that returned 1,065 g/t gold and 267 g/t silver.
Another sample from a different portion of the same outcrop yielded 47.2 g/t gold and 19.3 g/t silver.
"The discovery of such high-grade epithermal gold mineralization over one kilometer north of a new drill-confirmed porphyry discovery is a significant development for us," said Cascadia Minerals President and CEO Graham Downs. "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," continued Downs. "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 support of these efforts, an expanded induced polarization (IP) geophysical survey to extend coverage over the Amp Zone to aid in future diamond drill targeting is scheduled to get underway soon. Prospecting crews are on-site to conduct follow-up work at the Amp Zone and other locations on the property.
"In addition to our ongoing drill programs at Catch and PIL, soil sampling and prospecting is now underway at the Sands of Time, Macks Copper, and Milner properties, which all have early-stage copper-gold porphyry potential," Downs said.
Reader Comments(0)