Graham Downs, President and CEO of Cascadia Minerals (TSX.V: CAM) (OTC: CAMNF), joins me for an update on their 4,000 meter and 13 drill hole exploration program at their newly acquired Carmacks Copper-Gold Project in the Yukon, Canada.
We start off having Graham outline what attracted Cascadia to the Carmacks Project, which led to the acquisition of Granite Creek Copper earlier this year. He discusses the high-grade copper intercepts reported in historical drilling, and even from the most recent drilling back in 2021. There is also a meaningful gold credit in results across the property and plenty of exploration work to do for expanding the known resources and stepping out from prior high-grade areas.
We discuss that some of the other properties in the company’s portfolio like the Catch Property in the Yukon which got some work last year, and some upcoming exploration results that should be coming back this year from their Macks, Milner, and Rosy properties.
We discuss the financial health of the company with a little under CAD $5M in the treasury, as well as some of the key stakeholders in Cascadia Minerals, such as Hecla Mining, Barrick Gold, and activist investor Michael Gentile, and management stake, as well as the tight share structure. The company is cashed up for this exploration season, and will still have some funds left over to begin more work next year.
If you have any questions for Graham regarding Cascadia Minerals, then please email those into me at Shad@kereport.com.
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Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
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