Cascade Copper receives drill permit for Centrefire

Executive Summary

• Cascade Copper Corp. has received regulatory approval for its maiden drilling program at the Centrefire copper-gold project in Ontario.
• The company plans to drill up to 1,000 meters across four or five holes in Q2 2026 to test the high-grade main gossan zone (MGZ) and associated banded iron formation (BIF) targets.
• Cascade also secured a 50% cost-reimbursement grant from the Ontario Junior Exploration Program (OJEP) for its 2025 exploration activities at Centrefire.

Key Details

• Permit Status: Official approval received for the maiden drilling program at the Centrefire project, located ~40 km northeast of Dryden, Ontario.
• Drilling Plan: Up to 1,000 meters across 4-5 holes, targeting the MGZ feeder zone near surface and testing for deeper massive sulphide lenses.
• Drilling Schedule: Planned to commence in Q2 2026.
• Historical Assay Results: Trenching and grab sampling returned up to 2.85% Cu, 2.84 g/t Au, and 29.4 g/t Ag from rusty volcanics and pillowed flows.
• Geological Model: Volcanogenic massive sulphide (VMS) style deposit; interpreted as an overturned system with small-footprint feeders near surface and larger, laterally extensive lenses at depth.
• Target Areas: MGZ and at least five additional areas of disrupted magnetic signatures linked to BIF units, which may host Archean-aged gold mineralization similar to the nearby Pickle-Crow mine.
• Grant Funding: Awarded one of 68 Ontario Junior Exploration Program (OJEP) grants, reimbursing 50% of 2025 exploration costs at Centrefire.
• Next Steps: Post-drilling evaluation of along-strike mineralization continuity, planned gridded geochemical sampling, and potential electromagnetic (EM) survey to the east if results warrant.
• Technical Oversight: Qualified Person is Shannon Baird, PGeo, VP of Exploration.

Notable Quotes

• Jeffrey Ackert, President & CEO: "Cascade's team has done their homework and we are now ready for our first drill program at Centrefire. The compilation of historic work, plus the surface trenching, rock sampling, new high-resolution airborne magnetics and the 3-D inversion modelling, has given us not only some compelling targets but high confidence in the geological model. We expect to be drilling in Q2 this year."
• Shannon Baird, VP of Exploration: "The OJEP grant is a welcome addition to our project funding at Centrefire. We acknowledge the government of Ontario's contribution to exploration and in particular to our Centrefire copper project. Sampling and mapping at Centrefire has been completed, and has contributed to our understanding of the Centrefire VMS and BIF mineralizing systems."
• Stephen Lecce, Minister of Energy and Mines: "Ontario is leading the charge to secure the minerals that will power our economy and strengthen our sovereignty... Through OJEP, we're backing companies like Cascade Copper Corp. to advance promising projects here at home-unlocking resources, creating jobs, and building a more self-reliant and secure Canadian economy."