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.
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Disclosure:
1) Patrice Fusillo compiled this article for Streetwise Reports LLC and
provides services to Streetwise reports as an employee. She or members of her
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