Exploration Plans For The Congress Gold Mine Project

VANCOUVER - Casa Minerals Inc. reported on its 2023 exploration plan for its Congress Gold Mine Project. Building on its 2022 program which verified mineral data of the Eastern part of the project, the Company explored additional parts of the historic mine and has developed plans for follow-up and confirmation drilling of the Congress Mine West Zone.

Casa Minerals Inc, plans to drill 20 drill holes with average length 250 meters (820 feet), totaling approximately 5000 meters (16,400 feet) to confirm the historic resource as reported by previous operators/owners.

The objective is to further explore areas of potentially economic gold mineralization and long intervals of strong gold enrichment that were discovered by drilling in 2022. All work will be conducted in accordance with Arizona mining laws and regulations and will be supervised by qualified registered consulting geologists. Core samples will be processed by mineral exploration QA/QC and NI 43-101 standard procedures and analyzed by ISO 9000 registered independent analytical laboratories.

The following 5 sections provide the drill hole sections and plans of historic data collected by the company subject to confirmation by 2023 drilling program: Cross Section B-B’; Cross Section F-F’; Cross Section H-H’; Cross Section L-L’; and Cross Section M-M’.

In 2022, the Company commenced drilling to confirm a substantial gold "resource" of 400,000 to 500,000 tons (365,000 to 455,000 tonnes) grading 0.3 opt (9.33 g/t) that were reported in 1989 by Echo Bay Mines, the most recent explorer/operator. Republic Goldfields Inc., dba Malartic Hygrade U.S. Inc., subsequently reported production of 28,500 ounces gold from 125,000 tonnes (i.e. 0.23 opt). Over the course of its history, the Congress gold mine has produced about 400,000 to 500,000 ounces of gold from underground workings and once supported a full ore processing plant, complete with a small frontier-style town. After more than 100 years of intermittent activity, the mine last operated in 1992.

Congress Mine property, located in Yavapai county, central Arizona, comprises 105.2 hectares (260 acres) of patented land and 200.2 hectares (494.8 acres) that were acquired by staking. Casa Minerals Inc. owns a 90% interest in the historic claims from 40 feet depth and beyond and an undivided 100% of the staked ground. A 1.5% Net Smelter Royalty is payable on production from the patented claims and certain surface rights to depth of 12.2 meters (40 feet) are held by a third party.