VANCOUVER, BC — January 15, 2026 — Leads & Copy — Cascadia Minerals Ltd. (TSXV: CAM) (OTCQB: CAMNF) has announced the results from its fall 2025 diamond drill program at the Carmacks Project in central Yukon.
The drilling program represents the first significant one on the project since 2021 and Cascadia’s inaugural field program at Carmacks since acquiring Granite Creek Copper. Seven of the eight remaining holes intersected sulphide mineralization, including broad intercepts such as 87.44 m of 0.63% copper with 0.15 g/t gold, 2.7 g/t silver, and 248 ppm molybdenum (0.88% CuEq) in hole CD-25-040.
Multiple holes returned high-grade cores of over 1% copper, including 42.88 m of 1.19% copper with 0.34 g/t gold in CD-25-037, 21.27 m of 1.25% copper with 0.28 g/t gold in CD-25-040, and 25.20 m of 1.36% copper with 0.25 g/t gold in CD-25-035.
The company is planning a 15,000 m drill program in 2026 to continue resource expansion at the Carmacks Deposit and evaluate adjacent targets including Zone 14, where drilling in 2007 returned 16.37 m of 1.04% copper in WC-140, and the Gap Zone, where drilling in 2024 returned 29.75 m of 0.50% copper in CRM24-027.
Regional exploration will test additional targets throughout the 177 km2 property, including Zone A, 11 km north of the Carmacks Deposit, where drilling in 1980 returned 22.86 m of 2.27% copper with 2.20 g/t gold in 80-18. All significant intercepts returned grades above the cut off grade for the 2023 Preliminary Economic Assessment, highlighting the potential to increase tonnage of the deposit.
According to Graham Downs, President and CEO, the drilling results reinforce confidence in the scale and growth potential of the Carmacks Deposit. Planning is well underway for a fully funded, 15,000 m drill program to both expand the main deposit and test high-priority targets throughout the 177 km2 property. In conjunction with the 2026 drill program, baseline environmental, engineering and metallurgical studies will be initiated to enable fast-tracking the project towards development.
Cascadia will be exhibiting at the upcoming AME Roundup conference in Vancouver, from January 26th to 29th. Cascadia has been selected to participate in the Roundup Core Shack, Booth #827, on January 26th and 27th, and will have core from the 2025 Carmacks drilling on display. If you are unable to attend the core shack, we encourage you to visit us at our corporate booth, #1510, on January 28th and 29th.
Eleven holes totalling 3,847.95 m were completed at the Carmacks Deposit in fall 2025. All holes targeted expansion of sulphide resources through step-outs or by testing significant gaps in drilling within the sulphide block model. Mineralization was encountered in ten of the eleven holes.
Results from holes CD-25-030, 031 and 033 in Zone 147 were previously reported. Of the eight remaining holes, one was drilled in Zone 147, five in Zone 1213, and two in Zone 2000S.
Holes CD-25-030, 031, 033, and 037 were drilled at the Zone 147, testing sulphide mineralization at depth in the northern part of the Carmacks Deposit. Holes CD-25-030, 031, and 033 were previously reported. Hole CD-25-037 targeted a gap in drilling between holes CD-25-030 and CD-25-033. It returned 42.88 m of 1.19% copper with 0.34 g/t gold, 3.9 g/t silver, and 88 ppm molybdenum (1.52% CuEq), including 23.10 metres of 1.61% copper with 0.44 g/t gold, 5.1 g/t silver, and 117 ppm molybdenum (2.05% CuEq).
Holes CD-25-039 and 040 were drilled at Zone 2000S to step out on previous drilling and test different drill orientations at depth. Both holes intercepted long intervals of mineralization in a series of subvertical zones hosted in metamorphosed mafic volcanic rocks, with higher grade cores returning 17.37 m of 1.09% copper with 0.31 g/t gold, 3.6 g/t silver, and 227 ppm molybdenum (1.46% CuEq), and 21.27 m of 1.25% copper with 0.28 g/t gold, 5.8 g/t silver, and 171 ppm molybdenum (1.60% CuEq), respectively.
Holes CD-25-032, 034, 035, 036, and 038 were drilled at Zone 1213 to test for extensions of sulphide mineralization at depth and within large gaps in historical drilling. CD-25-032 was drilled in the southern part of Zone 1213 to test the down dip extent of known mineralization in an area with very limited shallow previous drilling. This hole was drilled beneath metamorphosed volcanic rocks and did not intercept mineralization.
CD-25-034 was drilled to test the down dip extent of mineralization in the middle of Zone 1213 where only shallow drilling has been previously completed. This hole returned 15.11 m of 0.40% copper with 0.10 g/t gold, 1.6 g/t silver, and 30 ppm molybdenum (0.51% CuEq), extending mineralization 50 m beyond previous drilling.
CD-25-035 tested a significant step out at depth in the core of the zone. This hole intercepted a high-grade core returning 25.20 m of 1.36% copper with 0.25 g/t gold, 4.8 g/t silver, and 169 ppm molybdenum (1.67% CuEq) within a significant broader zone of 60.12 m of 0.84% copper with 0.16 g/t gold, 3.0 g/t silver, and 98 ppm molybdenum (1.03% CuEq).
CD-25-036 was drilled to test a gap in historical drilling in the core of Zone 1213. This hole intercepted a shallow, broad zone of sulphide mineralization returning 95.10 m of 0.63% copper with 0.14 g/t gold, 1.9 g/t silver, and 114 ppm molybdenum (0.80% CuEq), consistent with historical drilling. CD-25-038 was drilled to test the down dip extent of mineralization along the northern part of the 1213 Zone in an area of relatively sparse historical drilling. This hole intercepted a high-grade core returning 12.79 m of 1.48% copper with 0.24 g/t gold, 6.4 g/t silver, and 520 ppm molybdenum (1.95% CuEq) within a shallow, broad zone of sulphide mineralization returning 95.94 m of 0.53% copper with 0.12 g/t gold, 2.0 g/t silver, and 272 ppm molybdenum (0.76% CuEq).
Cascadia’s 177 km2 Carmacks Project is located within the Traditional Territory of the Little Salmon Carmacks and Selkirk First Nations and 35 km southeast of the past producing Minto Mine, which was recently acquired by Selkirk Copper Mines Inc. The Carmacks Project is road-accessible, via a 13 km access road which extends from the government-maintained Freegold Road northwest of the town of Carmacks in central Yukon. The project has an existing 40-person camp, numerous roads throughout the property, and is 10 km from grid power.
The Carmacks Main Deposit has a Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading 0.81% copper, 0.26 g/t gold, 3.23 g/t silver and 0.01% molybdenum) or 1.07% copper equivalent, and an Inferred Resource containing 38 Mlbs of copper and 13 koz of gold (2.9 Mt grading 0.60% copper, 0.16 g/t gold, 2.34 g/t silver and 0.02% molybdenum). A 2023 preliminary economic assessment demonstrated positive economic potential, with a $230.4 M post-tax NPV(5%) and 29% post-tax IRR at US$3.75/lb copper and US$1,800/oz gold. A second case evaluated at $4.25/lb copper and $2,000/oz gold returned a $330.1 M post-tax NPV(5%) and 38% after-tax IRR.
The technical information in this news release has been approved by Thomas Hawkins, P.Geo., VP Exploration for Cascadia and a qualified person for the purposes of National Instrument 43-101.
Source: Cascadia Minerals Ltd.
