Phase I Diamond Drill Program At Catch Property

VANCOUVER - Cascadia Minerals Ltd. reported on the 2024 Phase 1 diamond drill program at its Catch Property in central Yukon, Canada, located 10 km from an all-season highway and powerline. The Phase 1 program comprised a total of 1,613 m of drilling in three holes at the Spark Zone. A Phase 2 diamond drill program is underway to step out further at the Spark Zone, vectoring towards the core of the porphyry system.

Hole CA-24-006 intersected 106.00 m of 0.37% copper with 0.22 g/t gold (0.52% CuEq), within a broader interval of 177.00 m of 0.25% copper and 0.14 g/t gold (0.34% CuEq). All five holes drilled to date at the Spark Zone have encountered porphyry mineralization across 470 m of strike length and 520 m of vertical extent from surface, within an open-ended 1.2 x 1.0 km Induced Polarization chargeability high target. Hole CA-24-006 was a 315 m step-out from the 2023 discovery hole CA-23-002.

An interval of potassic alteration in Hole CA-24-006 returned 0.67% copper with 0.87 g/t gold (1.25% CuEq) over 6.55 m (Figures 5, 6), confirming higher-grade mineralization is present in the core of the system. Hole CA-24-007 encountered lower-grade mineralization in the pyrite-dominant outer shell of the porphyry system for nearly its entire length, returning 578.85 m of 0.10% copper. A follow-up 1,500 m+ Phase 2 drill program is underway at Catch, with further step outs to the southeast at the Spark Zone targeting broader zones of potassic alteration and the core of the porphyry system. Initial prospecting results from the Amp Zone (1 km north of the Spark Zone) are very encouraging - results to be released soon.

"To have stepped out over 300 m from our discovery hole at the Spark Zone and hit higher grade copper over a significant width is incredibly positive and a testament to the size and strength of the system. All three of the holes drilled this spring achieved our goal of intersecting porphyry copper-gold mineralization and critical alteration data, which will help us vector towards the core of the system and target broader zones of higher grade potassic alteration," said Graham Downs, President and CEO. "Phase two exploration is now underway to drill step-out holes further to the southeast, in the direction of higher-temperature alteration. New, grassroots porphyry discoveries in North America are very rare, and typically take dozens of holes to vector towards the core of the system. We've just caught the tip of the iceberg at Catch and look forward to continuing to unlock this district-scale porphyry opportunity."