Cascadia Completes Regional QMAG(TM) Full Tensor Magnetic Gradiometry Survey at Carmacks
Cascadia completes a QMAG survey at Carmacks, preparing for a 15,000 metre drill campaign.
Cascadia Minerals Ltd. has completed a high-resolution Quantum Magnetic Gradiometer Technology (QMAGT) full tensor magnetic gradiometry survey across its entire 180 km² Carmacks copper-gold project in the Yukon. The survey covered 2,261 line-kilometres at 100-metre spacing using ultra-sensitive SQUID sensors to measure the full magnetic gradient tensor.
The company will integrate this data with existing geological, geochemical, and historical drilling data to refine its model and prioritize targets, specifically focusing on Zone A and an anomaly east of Zone 10. Technical advantages of the survey include significantly better 3D geological modeling constraints than conventional magnetic surveys, particularly for identifying targets beneath cover and within the Granite Mountain Batholith.
The Carmacks Deposit currently holds a Measured and Indicated Resource of 36.3 million tonnes grading 0.81% copper, 0.26 g/t gold, and 3.23 g/t silver (1.07% CuEq), containing 651 Mlbs of copper and 302 koz of gold. A 2023 Preliminary Economic Assessment (PEA) showed a $230.4M post-tax NPV(5%) and 29% post-tax IRR at $3.75/lb Cu and $1,800/oz Au.
Cascadia Minerals Ltd. (CAM) has completed the QMAG survey, a standard and expected step within its fully funded 2026 exploration program. The company states that this completion does not immediately expand the resource, alter the Preliminary Economic Assessment (PEA) economics, or trigger a near-term financing event.
The survey serves as a foundational geophysical tool designed to de-risk and prioritize the upcoming 15,000-metre diamond drill program. While technically superior to conventional surveys, its impact is described as forward-looking and incremental.
Given that the market had already priced in the 2026 drill plan and the Agnico Eagle strategic alliance, the announcement is viewed as routine execution rather than a market-moving catalyst. It confirms that management is adhering to its stated exploration timeline.
Cascadia Minerals Ltd. (CAM) is a Yukon-focused exploration company targeting copper and gold deposits within the Minto Copper Belt and the broader Stikine Terrane. Its flagship asset is the Carmacks Copper-Gold Project, a 180 km² property located 35 km southeast of the past-producing Minto Mine. The site is road-accessible via a 13 km road, features a 40-person camp, and sits within 10 km of grid power.
The project hosts the Carmacks Deposit, which is characterized by 5–100 m wide 'rafts' of variably migmatized xenolithic meta-sedimentary and meta-volcanic rocks within the Granite Mountain Batholith. Cascadia also holds additional assets, including the Catch, Macks, Milner, Rosy, Idaho Creek, Byng, and Mars properties, providing a diversified grassroots pipeline.