Mining Stock Daily Exploration Update from Cascadia Minerals Following Acquisition of Granite Creek
Sep 11, 2025
Graham Downs, CEO of Cascadia Minerals and a leader in mineral exploration, shares insights about the recent acquisition of Granite Creek. He discusses ambitious plans for the Carmacks Project, highlighting a new drilling program aimed at uncovering a promising copper-gold deposit. Downs reveals strategies to double resource potential and secure funding for extensive exploration. He also addresses past challenges and the evolving sentiment in Yukon mining, projecting optimism for future mineralization and exploration efforts in the region.
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Acquisition And Immediate Action
- Graham Downs recounts Cascadia's recent acquisition of Granite Creek and immediate mobilization to drill at Carmacks.
- He emphasizes the deposit's scale: 651 million pounds of copper and over 300,000 ounces of gold with road access and nearby power.
Strategic Rationale For The Deal
- Downs explains the strategic rationale: balance earlier-stage projects with a road-accessible, near-power deposit in a friendly jurisdiction.
- He frames the acquisition as rare and accretive given 40,000m of prior drilling and a >1% CuEq resource.
Sulfide Potential Changes Economics
- He identifies the overlooked sulfide potential under previously treated oxide-focused drilling and notes excellent sulfide metallurgy.
- Targeting sulfides could convert a leach operation into a conventional mine and materially grow tonnage beyond 36 million tons.