Cascadia Continues to Demonstrate Expansion Potential at the Carmacks Copper-Gold Project, intersecting 42.88 m of 1.19% Copper with 0.34 g/t Gold
Cascadia Transforms from Prospector to Developer as Carmacks Acquisition Yields High-Grade Resource Expansion
The most recent news release (January 15, 2026) reports high-grade diamond drilling results from the 100%-owned Carmacks Copper-Gold Project in Yukon. The highlight is hole CD-25-037, which intersected 42.88 m of 1.19% copper with 0.34 g/t gold in Zone 147. This news concludes the reporting for the 2025 program (11 holes total, 3,847.95 m). Management confirmed that mineralization remains open in multiple directions across all zones (Zone 147, 2000S, and 1213). Crucially, the company announced it is fully funded for a significantly expanded 15,000 m drill program in 2026, aimed at resource expansion and testing regional targets across the 177 km2 property. Baseline environmental and metallurgical studies are also being initiated to fast-track development.
The impact is Material - Positive for several reasons: - Grade Superiority: The 1.19% Cu intercept in Zone 147 is significantly higher than the current Measured & Indicated (M&I) grade of 0.81% Cu. This suggests potential for grade improvement in future resource updates. - Strategic Execution: This news validates the August 2025 acquisition of Granite Creek Copper. Cascadia has moved from acquisition to successful expansion drilling in less than six months. - Continuity: Results from Zone 2000S (87.44 m of 0.15 g/t gold) and Zone 1213 (up to 95.94 m) demonstrate the scale of the system, even where grades are lower. - Funding Certainty: Following the $4.1M private placement in December 2025, the company has removed the immediate financing risk for the 2026 exploration season. - De-risking: The move toward baseline environmental and metallurgical studies signals a transition from pure "hope-based" exploration to a formal development path.
Cascadia Minerals is a Yukon-focused explorer. Its flagship is the Carmacks Copper-Gold Project, acquired via the merger with Granite Creek Copper in August 2025. - Project Stats: M&I Resource of 651 million lbs Copper and 302,000 oz Gold (36.3 Mt at 0.81% Cu, 0.26 g/t Au). - Infrastructure: Highly unique for Yukon; road-accessible and only 10 km from the power grid. - PEA Status: 2023 PEA shows a post-tax NPV(5%) of $230M and IRR of 29% at $3.75/lb Cu. At $4.25/lb Cu, the NPV jumps to $330M.