Mining Stock Daily Cascadia Shares First Drill Results from Carmacks Copper-Gold Project
Nov 19, 2025
Graham Downs, CEO of Cascadia Minerals, dives into the exciting first drill results from the recently acquired Carmacks copper-gold project. He reveals impressive highlights, including a standout drill hole averaging 0.89% copper over 83.5 meters. The discussion covers the ambitious goal of expanding the deposit with successful mineralization hits and outlines a significant 2026 drilling plan. Graham also touches on the potential impact of Yukon's political landscape and the growing investor confidence in northern resource development.
AI Snips
Chapters
Transcript
Episode notes
Strong Early Drill Success
- Cascadia quickly completed ~4,000m inaugural drilling after acquiring Carmacks to expand the deposit.
- Ten of 11 holes hit mineralization and they extended mineralization beyond the modeled resource.
Sulfide Potential Was Largely Untested
- Previous operators focused on near-surface oxide and often stopped when hitting sulfides.
- That left untested sulfide potential with high metallurgy (mid-90s recovery) and significant upside.
Solid Resource Base And Excellent Infrastructure
- The current resource base is ~36 million tonnes with ~650 million pounds of copper and ~300,000 ounces of gold.
- Road access and nearby power make further drilling low-cost and attractive for resource growth.