Source: Streetwise Reports
October 3, 2018 (Investorideas.com Newswire) The company released assay from samples in an area that has not seen much exploration.
British Columbia's Golden Triangle has grabbed most of the mining exploration attention this summer, but geology doesn't fall into neat geometric shapes. Casa Minerals Inc. (CASA:TSX.V) is exploring three gold, silver and copper projects in British Columbia that fall outside the Golden Triangle and has just released rock and soil analyses.
These samples come from the company's 100%-owned silver-copper-lead-zinc Keaper project located about 20 kilometers northeast of Terrace, B.C. The rock and geochemical surveys returned values as high as 1,152 g/t silver, 13.9% zinc and 1.19% copper.
Casa Minerals noted that the fieldwork at Keaper has confirmed and extended the Nelson prospect. It has also identified a new prospect, Lucky Crew.
The company also announced that it has received a drill permit for the project.
The Keaper project itself was identified in 2008 by British Columbia Geological Survey geologists; it was a greenfield discovery. The project is located in the Stikinia Terrane, the formation that hosts many of the Golden Triangle projects.
"One sample that the British Columbia government tested in 2008 returned assays of 2,232 g/t silver, 1.12% copper, 1.28% lead and 10.94% zinc," Casa President and CEO Farshad Shirvani told Streetwise Reports.
The company has held claims on the Keaper property since 2008; it now controls 3,602 hectares.
Casa's second property is the Pitman project, located about 20 kilometers north of Terrace and around 10 kilometers from Keaper. The projects five contiguous mineral tenures cover 4,255 hectares. The project includes several historical prospects, including the Pitman copper-molybdenum-silver prospect and the Gold Dome and Paddy Mac gold-base metal prospects. According to the company, work is continuing with the "emphasis on further sampling to better define the distribution of gold, copper, silver and molybdenum values. Some parts of the property have only recently become accessible as a result of the retreat of glaciers and permanent snowfields."
Casa anticipates releasing assays from Pitman in the near future.
"We expect to do the geophysical work within a month and a half, until the snow comes," said Shirvani, "and begin drilling next year."
Casa Minerals is helmed by an experienced team. Farshad Shirvani, founder, president and CEO of Casa has over 22 years of experience in mineral exploration. He is the president of Doubleview Capital Corp. and Terracad Geoscience Services Ltd. and has served as a member of the board of directors of several junior mining companies, including Barkerville Gold Mines Ltd. (BGM-TSXV) for more than seven years.
Erik Ostensoe, P.Geo, is a director and chief geologist. He has 50+ years of experience in mineral exploration in British Columbia and elsewhere, including the discovery of the Hat gold-copper porphyry deposit, early-stage work at the Valley of Kings and KSM areas, the Schaft Creek copper-molybdenum deposit of Copper Fox and Teck, and the Chu molybdenum deposit near Vanderhoof, B.C.
Casa went public in December 2017 and has 36 million shares issued and outstanding, of which around 90% are closely held. The company's market cap is approximately CA$5.5 million.
1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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