Cascadia Announces 2026 Exploration Plans at the Carmacks Project, Yukon
Cascadia pivots to aggressive resource expansion at Carmacks following strategic consolidation and Michael Gentile backing.
The most recent news (March 2, 2026) details Cascadia's 2026 exploration plans for its flagship Carmacks Project in Yukon. The company intends to execute a 15,000-meter diamond drill program—the largest on the property since 2007. The program is designed to test the expansion of sulphide mineralization at the main Carmacks Deposit and evaluate three new targets: Zone 14, Gap Zone, and the Sourtoe target. This follows the successful 2025 program where 10 of 11 holes intersected sulphide mineralization.
The news is Routine - Positive. While the 15,000m program is significant in scale, it was previously signaled in the December 2025 financing announcements as the primary use of proceeds. The market was already aware that the 2026 season would be "significantly expanded" and "fully funded." - Operational Continuity: The transition from the 2025 inaugural program (approx. 4,000m) to 15,000m demonstrates management's commitment to fast-tracking the project. - Target Diversification: Moving beyond the main deposit to test the Gap Zone and Sourtoe target increases the probability of a "step-change" in total resource tonnage, which is currently 36.3 Mt (M&I). - Economic Context: The 2023 PEA already shows a robust post-tax NPV(5%) of $230.4M. Any successful expansion of the sulphide resource directly improves these economics, as the project was historically viewed primarily as a shallow oxide play.
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. - Resource: 651 Mlbs Cu and 302 koz Au (M&I). - Infrastructure: Road-accessible, 10km from grid power, 35km from the past-producing Minto Mine. - Upside: Historically explored for oxides; Cascadia is proving the depth and strike extent of the underlying sulphides.