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Cascade Copper Reports Final Phase 1 Drill Results at Centrefire

MixedMedium impact
CASCCA$0.0550 −15.38%

Cascade Copper Corp. (CSE:CASC) released the final Phase 1 drilling results for its Centrefire project. All five drill holes in the Phase 1 program encountered sulphide mineralization. Notable intercepts include hole CF-26-04, which intersected 1.56% copper equivalent over 14.75 meters within a wider interval of 0.42% copper equivalent over 122.40 meters. Additionally, hole CF-26-01 identified gold targets in banded iron formation zones.

The drilling results confirm continuous mineralization across all tested holes, lowering geological uncertainty for the property. The long mineralized section indicates the potential for bulk-tonnage style mineralization, while higher-grade intervals demonstrate strong exploration potential. The mineralized system remains open both along strike and at depth, expanding the potential scope for resource growth. Despite these operational developments, shares of Cascade Copper Corp. traded down 15.38% to 0.055 CAD.

Looking ahead, the company plans to launch a Phase 2 drilling program. This next phase aims to test whether mineralization continues along strike and at depth, as well as further evaluate the gold and copper zones at Centrefire.

Key points

  • Cascade Copper Corp. completed Phase 1 drilling at Centrefire, with all five holes hitting sulphide mineralization.
  • Hole CF-26-04 returned 1.56% copper equivalent over 14.75 meters inside a 122.40-meter interval grading 0.42% copper equivalent.
  • Hole CF-26-01 intercepted gold targets within banded iron formation zones.
  • The mineralized system remains open along strike and at depth, with a Phase 2 drill program planned.

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Questions and answers

What were Cascade Copper's Phase 1 drill results at Centrefire?

Cascade Copper reported that all five Phase 1 drill holes hit sulphide mineralization. Hole CF-26-04 returned 1.56% copper equivalent over 14.75 meters within a 122.40-meter interval of 0.42% copper equivalent.

What is planned next for Cascade Copper's Centrefire project?

Cascade Copper plans to conduct a Phase 2 drill program to test for continued mineralization along strike and at depth, and to follow up on copper and gold targets.