Cascade Copper (CSE:CASC) has completed priority sampling from its maiden drill program at the Centrefire Copper-Gold Project in northwestern Ontario, Canada.
All five holes drilled at the 2,500-hectare project, located 40km northeast of Dryden, intersected sulphide mineralisation. Holes CF-26-03 to CF-26-05 exhibit significant copper mineralisation as chalcopyrite, indicative of a volcanogenic massive sulphide (VMS) environment.
“Sampling has been completed on all priority holes at Centrefire, with holes CF-26-03, 04 and 05 being prioritised in the sequence,” CEO Jeffrey Ackert says.
“All samples have been submitted to the assay lab, and we would expect the initial results by mid- to late September.”
The Centrefire Project sits within the Wabigoon greenstone belt, approximately 35km southwest of Sioux Lookout.
Historical exploration by Phelps Dodge between 1968 and 1970 discovered stacked intervals of copper, gold, and nickel mineralisation across the majority of drill holes completed.
Previous work included 10 short drill holes to less than 75m vertical depth, five surface trenches, continuous channel sampling, and geophysical surveys. Recent surface sampling by Cascade returned values up to 2.86% copper, 2.84 grams per tonne gold, and 23.50g/t silver.
Pending results, the company plans a borehole electromagnetics survey to test for hidden VMS conductors near current drilling, with a phase two program to target along strike and at depth of the best intersections.
Cascade Copper focuses on copper and gold porphyry and mesothermal gold deposits in British Columbia, plus VMS and banded iron formation deposits in Ontario. The company holds five projects including Copper Plateau, Rogers Creek, Fire Mountain, and Bendor.
Write to JC Villarba at Mining.com.au
Images: Cascade Copper
