Vancouver, British Columbia – (September 25, 2018) Casa Minerals Inc. (“CASA”) is pleased to announce significant rock and soil analyses and to provide a detailed compilation map of survey data from its 100% owned polymetallic silver-copper-lead-zinc Keaper Project located 20 km Northeast of Terrace BC. The Company also announces receipt of a drilling permit for Keaper project. Highest rock sample values, including recent 2018 exploration samples, are as following:
|Sample ID||Sample Type||Ag (g/t)||Au (g/t)||Cu (%)||Pb (%)||Zn (%)|
(*) Historic assay
As shown in the accompanying drawing, recent fieldwork has confirmed and extended the “Nelson” prospect and identified a new “Lucky Crew” prospect area. The various mineralized prospects have been partially defined in an area that extends about 3.2 km northwest-southeast. Additional sampling and prospecting are warranted and will be undertaken when field crews are available. The Keaper prospect area was first recognized in 2008 by provincial survey geoscientists and may be characterized as a genuine “greenfield” discovery. Casa has held claims on parts of the area since 2008 and recently added two claims: total area is now 3,602 hectares.
The survey interpretation drawing was prepared by the company from a total of 665 samples including 85 rock samples and 580 soil samples.
Methodology and QA/QC:
The analytical work was performed by MS Analytical Labs (“MSA-Labs”). MSA-Labs is an ISO/IEC 17025:2005 and ISO 9001:2015 accredited Geo-analytical laboratory and is independent of the Company. Soil samples were prepared by standard drying and screening and a portion was then digested in aqua regia and processed by multi-element ICP-AES/MS methods. Rock samples were prepared by standard crushing, grinding and pulverizing and then processed by multi-element ICP-AES/MS methods. MSA Labs maintains internal quality assurance/quality control (QA/QC) measures to ensure the accuracy of analytical data.
Mr. Erik Ostensoe P.Geo., a Director and Chief Geologist of the company, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure in this news release.
About Casa Minerals Inc.
Casa Minerals Inc., a TSX Venture Exchange listed company, is engaged in the acquisition, exploration and development of mineral properties located in Canada. The Company owns a one hundred percent (100%) interest in the polymetallic Pitman and Keaper properties and has an option to acquire a seventy-five percent (75%) interest in the Arsenault VMS Property.
The polymetallic Keaper Property is located 20 kilometers northeast of Terrace, British Columbia, and comprises 3,602 hectares.
Casa’s Pitman Property comprises fivecontiguous mineral tenures covering 4,255 hectares and is located 20 kilometers north of Terrace, British Columbia. The tenures include several historic prospects, including the Pitman copper-molybdenum ± silver prospect, and the Gold Dome and Paddy Mac gold-base metal prospects. Casa has owned parts of the property since the Company’s inception in 2008 and its field crews have conducted several exploration projects in recent years, including since June of this year. Work is continuing with 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’s Arsenault VMS Property comprises eight mineral tenures covering approximately 9,672.5 hectares located in the Atlin Mining Division, British Columbia. The Company in recent years has conducted several exploration programs on the Arsenault Property and believes that an attractive volcanogenic massive sulphide exploration target may be located within its limits. Further work is planned, with the objective of proceeding to a drilling program to test several areas identified by geological mapping, prospecting, and geophysical and geochemical surveys.
On Behalf of Board of Directors
Farshad Shirvani, M.Sc. Geology
President and CEO
For more information, please contact:
Casa Minerals Inc.
Farshad Shirvani, President & CEO
Phone: (604) 689-9523
The information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to the Company’s limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
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