Скачать или смотреть CarMax Copper expansion: 15,000m drill Program planned

Cascadia Minerals VP Corporate Development Andrew Carne joined Angela Harmantas at the Prospectors & Developers Association of Canada or PDAC conference in Toronto to share news about the company’s transformational merger with Granite Creek Copper and the growth strategy for the CarMax copper-gold project in Yukon.

Carne described the August merger as “a really transformational transaction,” bringing the CarMax project into Cascadia’s portfolio. The project already hosts an existing resource of 650 million pounds of copper and 20,000 ounces of gold, providing what Carne called “a really nice foundation that we know is economic.” However, he noted the project had struggled to gain momentum in weaker copper markets and amid tighter funding cycles.

Following the acquisition, Cascadia immediately completed a 4,000 metre drill program, intersecting long, broad copper intervals outside the existing resource. Carne highlighted the potential for sulfide mineralization at depth, explaining that this material “actually recovers even better from a mine plant perspective” and has not yet been fully drilled off.

The company has now announced a 15,000 metre drill program for the year, focused on expanding the resource and testing parallel structures within 400 to 500 metres of the known deposit. With $6.5 million in the bank and road access to the site, Cascadia is fully funded and plans to begin drilling in late April.

CarMax is positioned as Cascadia’s anchor project, with a two-year plan aimed at advancing toward an updated PEA or potentially pre-feasibility. Alongside this, the company continues early-stage exploration at its Catch Property, targeting new copper-gold porphyry discoveries.

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