Wabigoon Greenstone Belt, Northwest Ontario
Copper, Gold, Nickel, Silver
Exploration, Drill Targeting
100% ownership of 1,634 ha (No NSR) and an Option to earn 100% of the remaining 869 ha over 3 years, less a 2% NSR
2,503 hectares
Volcanogenic Massive Sulphide (VMS), Iron Formation, Shear Zone
Cascade Copper Corp
Compilation, Surface Geophysics, Ground truth drill targets, Drilling
Centrefire Project
The ~2,500-hectare Centrefire Cu-Au Project is located in the Wabigoon Greenstone Belt in Northwestern Ontario, ~40 kilometers northeast of Dryden and ~35 kilometers southwest of Sioux Lookout. It has been minimally explored in the past with 10 short (<100m vertical depth) drill holes, 5 surface trenches, continuous chip sampling over multi-meter intervals and geophysics, both surface and airborne including magnetics and EM surveys. Phelps Dodge explored the area between 1968 and 1970 and discovered several stacked intervals of copper, gold, and nickel mineralization within the majority of drill holes. A Geotech airborne VTEM and magnetic survey completed in 2010 indicates 2 parallel conductors over the extent of the Project area and structural “mag-breaks” that are coincident with the known copper-gold mineralization. The project sits within a geologically favourable setting with historic surface grab sampling along the strike length of the coincident mag-high trends and VTEM conductors has returned values up to 1.9% Cu and 23.9 g/t Au1.
Besides the noteworthy historic assays and copper-dominant “Critical Metals” status, the Project is highly prospective for several deposit types including VMS, Iron-Formation-hosted, and Orogenic and also boasts an all-season ease of access, very timely turn-around-time of drilling permits when compared to other jurisdictions, and the ability to utilize the Ontario Junior Exploration Program incentives – OJEP – which can provide a grant of up to $200,000 per session. The number of known copper, gold, and base metal deposits in this area and geologic package is remarkable and very encouraging that Centrefire has the potential for a significant discovery of similar nature.
1 The historic results referenced herein have been reviewed by the company’s QP and are considered valid.
Exploration Activity
Target Style: Volcanogenic Massive Sulphide (VMS), Iron Formation, Shear Zone
Target Size: 25-50M tonnes of 1.5% Cu, 1.5 g/t Au (~1.6B lbs Cu, ~2.4M ozs Au)
Historic Work: Airborne Geophysics including magnetics and VTEM, Surface Trenching and Sampling, limited diamond Drilling.
Geophysics
Airborne Magnetic survey circa 2010 shows three magnetic trends across the Project area. The breaks in the magnetic trends may be more favourable for copper and gold mineralization.
Airborne VTEM Survey Circa 2010 shows strong conductance coincident with the magnetic trends.
An Ontario Government regional airborne magnetic survey shows the extent of the magnetic high trends across the Project area and beyond.
Surface Trenching and Channel Sampling
Drilling
Upside & Highlights
Historic Work 1970s: Operator Phelps Dodge
Historic Work 2000s: Operator Abitibi Mining
Channel Sampling Composite Interval Highlights
Best single channel assays include up to 2.01% Cu over 1.0m and up to 3.899 g/t Au over 1.0m.
Highlight composite intervals at each strip location include:
“results noted are historical and have been reviewed by the company’s QP and are considered valid.”
Centrefire Copper Gold Project
Geology
Regional:
Project:
Vancouver, British Columbia – July 3, 2024. Cascade Copper Corp. (CSE: “CASC”) (“Cascade” or the “Company”) is pleased to announce
• Results from the seven high priority channel sample composites confirm copper, gold, and silver mineralization on the Main Gossan
• Seven high priority channel sample composites planned to confirm and extend known mineralization. • Channels located where recent grab
Continues Exploration Focus on Canadian Copper Projects • Summary of exploration on Cascade’s five projects in Canada • 2024 exploration
• An additional 79 claims staked totalling 1,634 hectares, effectively tripling the Centrefire Project size. • Geology and geophysical trends
Drill permitting to commence immediately. • Potential VMS-style and Iron Formation copper and gold prospect with anomalous nickel and silver.
Cascade Copper is an exploration stage natural resource company engaged in the evaluation, acquisition and exploration of mineral resource properties
