Cascadia Discovers New High-Grade Gold and Silver Mineralization at its Rosy Property, Yukon

The most recent news release (January 26, 2026) announces the discovery of new high-grade gold and silver mineralization at the company's 100%-owned, royalty-free Rosy Property in Yukon. The results are from surface rock sampling (grab samples) and mapping from the 2025 exploration season, not drilling. The work expanded the known mineralized footprint, identified new veins, and mapped over 35 gold-silver bearing veins. Highlight grab samples from 2025 include grades up to 45.4 g/t gold. The company states the results are evidence of a "large epithermal gold-silver system" and that planning is underway for follow-up work to advance multiple targets to the drill stage. The release includes the caution that grab samples are selective and not necessarily representative.

The news is positive but routine for an exploration-stage company. It successfully advances an earlier-stage asset (Rosy) within the company's portfolio. The results are encouraging and de-risk the property by demonstrating the presence of high-grade surface mineralization over a significant area (9.5 km² soil anomaly). However, the impact is tempered by several factors: 1. Non-Drilling Results: The data comes from surface grab sampling, which is the earliest, most selective form of exploration data. It does not provide information on continuity at depth, which is critical for resource definition. 2. Portfolio Context: The company's flagship and primary value driver is the Carmacks Copper-Gold Project, acquired in August 2025. The Rosy Property is a secondary exploration asset. News from Rosy does not materially affect the core investment thesis, which is centered on expanding the resource at Carmacks. 3. In Line with Expectations: The news represents a logical and expected follow-up to previous work at Rosy (e.g., a 35.92 g/t gold sample noted in the March 2025 corporate update). It confirms the property's prospectivity but does not represent a breakthrough discovery. 4. No Immediate Catalyst: The release notes planning is "underway" for future work. There is no announcement of an imminent, funded drill program at Rosy, pushing any potential material news from this asset further into the future.

Cascadia Minerals Ltd. is a Yukon-focused exploration company. Its flagship project is the 100%-owned Carmacks Copper-Gold Project, acquired via the merger with Granite Creek Copper Ltd. in August 2025. Carmacks hosts a road-accessible, near-surface deposit with a 2023 Preliminary Economic Assessment (PEA) showing a post-tax NPV(5%) of CAD $230.4 million and a 29% IRR (base case). The current Measured & Indicated Resource is 36.3 Mt at 0.81% Cu and 0.26 g/t Au, containing 651 Mlbs Cu and 302 koz Au. The deposit remains open for expansion in multiple directions. The company is fully funded for a 15,000-meter resource expansion drill program in 2026. The secondary project portfolio includes the Catch (Cu-Au porphyry/epithermal), Rosy (Au-Ag epithermal), Macks, Milner, and Idaho Creek properties.