Cascadia Minerals' Graham Downs Discusses Headline Hole: 82.69 M at 1.78% CuEq, Including 49.16 M at 2.62% CuEq

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0:16Graham Downs: Cascadia Minerals. turned heads on September 1st, 2026 with hole CD-26-056, intercepting 82.69 metres at 1.78 % copper equivalent, including a standout 49.16 metres at 2.62 % copper equivalent. CEO Graham Downs called it one of the strongest intersections ever returned on the property. Cascadia Minerals focus on the CarMax Copper Gold project in the Yukon. The company already has a 2023 PA on its property and is targeting a pre-feasibility in 2028. CEO Graham Downs who knows Yukon well, having formally run ATT &CK resources which was acquired by Hekla Mining in 2023. Graham, welcome to Mining Stock Daily.

1:03Graham Downs: Thanks so much for having me. It's great to be here. Graham, we do want to talk about the Interceptor and the Hole in just a minute, but maybe we should just step back first and talk a little bit about what you're focused on. Your project is 40 kilometers away from the Minto mine? It is just to the south of Selkirk Copper's Minto mine. And yeah, they're looking to put that back in production the next year or two, I believe. And yeah, we're part of the, between Selkirk and ourselves, we own most of the Minto Copper Belt. Let's talk about the Zone 2000S where you announced a hole 56. you wrote in the news release that the area was originally thought to be barren.

1:44Yeah, absolutely. You know, just stepping back a little bit, when we did our due diligence looking to acquire Granite Creek Copper almost exactly a year ago, we really thought that we could make this bigger, and we thought there was a lot of places where we could grow the resource, and we couldn't be happier with the results we're getting and the fact that, you know, there's a chance that we might be able to to connect the zone 147 and 2000 together we're just

2:13Graham Downs: having a lot of success there so very exciting can you talk about the drill program to date you were saying that this was one of the strongest intersections ever how does this compare to what you've seen in the drill results today it really is and i think the big thing that makes this one stand apart is that the gold grade is really picked up in this area for some reason. I don't exactly we don't have the answer for the rationale behind that right yet but it's almost double kind of the what the average that we see normally the gold grades around 0.25 to 0.3 this one is 0.64 so that's very exciting and yeah just the width and being over one percent you know a lot of most of our holes are around 0.8, 0.9, 0.7 in a lot of places, but being over 1 % and having 1.78 over copper equivalent is pretty massive as well.

3:08So, you know, it's in an area that I guess going back a bit, just this project has kind of languished in the sense that previous operators, you know, 10, 15 years ago, were just going after the thin veneer of oxide on this project. And it wasn't until Granite Creek started turning things around and going after the sulfide. And then we were just in bad markets for so long, there just hasn't been the money to go after these things. And again, back in, you know, over a decade ago, when previous operatives actually hit the sulfide mineralization, they would actually stop in a lot of cases, because that's not what they were looking for.

3:42So lots of opportunity around the deposit, let alone on the entire property now.

3:49Graham Downs: Now, you have, I believe this is the third release, building on the 2000 and s story since july when do you expect uh assays coming back on the sixth pending well we are looking to hopefully get another news release out for the next set of holes we could try to batch them and we're looking to get those out before uh the beaver creek conference down in colorado uh it coming up in a couple weeks here so at near the end of september that's our goal and we should have pretty steady cadence uh for news probably you know a news release every three weeks approximately going probably right into January because we did increase the size of the meterage of the drill program.

4:29We were going to do 15 ,000. We bumped it up to 18 ,000. We'll just see whatever we can do. With the success we're having in this area, we want to get as much done as we can this year.

4:41Graham Downs: You're in the Yukon. Is the weather cooperating with adding that 3 ,000 meters on? So far so good, but you never know. So no, it's pretty good. And think the big thing that is helpful for us is that you can drive into this project most of my career has been helicopters and that's that's where weather turns into an issue it's actually kind of nice when you get nice hard roads to be able to drive in which we have now and it's really just uh the temperature and we should be good for about another month or so so no problem uh now uh you do have uh the other um uh targets on you have zone 14a and zone a drilling now underside uh alongside 2000s.

5:21Graham Downs: So three fronts in Runt right now, what are you prioritizing in terms of rig time and resources? That's right. So we have a drill out at Zone A. And for your listeners, that's 11 kilometers away to the north, where previous drilling in the 80s hit some very nice holes, like over 20 meters of 2 % copper. It's a much more variable zone. So it's not as consistent as Carmex, but there had never been any orientated core used there in the past so we just we want to get a couple holes in there and try to better understand the structures and kind of the tender mineralization. It's going to be a bit trickier but it's got some great grades so we're happy to be there.

6:00We've made we drilled zone 14 some parallel structures. We have two drills running right now and we'll have two running for to the end of the year and then we want it we're going to be doing a lot more regional work i think one of the big things about the carmax project prior to uh maybe 2019 it was a very small land package but uh granite creek did a good job of consolidating uh to make this project 180 square kilometers and it has so many other zones and that's kind of what you see in the minto copper belt that you see these multiple zones and that's what we're going to be really going after.

6:40I mean, Carmex is amazing itself, but if we can find another couple deposits on this project, we'll be doing very well.

6:47Graham Downs: Graham, can you talk about the sequencing of the planned reports? You had a webinar that came out after the drill intercept. You said that you wanted to double your resource. Given that you're targeting a pre-feasibility study around 2028, just wondering what happens before then. Is there resource updates, PAs, or anything like that? What are looking in terms of timelines in terms of kind of getting the economics from 2000 and s out so the key i mean it's going to be fluid if we keep finding more you know we're it's going to be hard to put a line in the sand but um that's a good problem to have i think our goal is to to do another you know 20 plus thousand meters next year i'd really like to see that closer to 30.

7:29um you know it all depends on how things go there but maybe we the current thinking is get a resource updated resource in the fall of next year and then in in the meantime all of next year start all of the the baseline work or a lot has been done but to get that started again do all of that work we have a lot of studies that we're going to be working on this winter and all over next year to be able to feed into a pre-feasibility in 2028 but again if we keep finding more and the resources just getting bigger or we find another deposit then we're gonna have to really rethink how we do that. But I think the big takeaway is we really want to kind of put the foot down and move this forward as quickly as we can.

8:15Graham Downs: Graham, could we just talk about your treasury and your funding? You do have an exploration alliance with that NECO Eagle, which is funding 5 million of the 2026 field season. You expect that to continue? Absolutely. We have approximately just under 10 million Canadian in cash right now. We should exit this year and be well-funded with approximately 6 to 7 million going into next year to get started. And that's correct. Agnico Eagle did a concurrent financing a couple months ago along with a strategic alliance to look for copper gold or gold deposits within the Stikine train in the Yukon, which is just absolutely underexplored.

8:56So that's an exciting side piece to what we're doing. They are two separate things. That strategic alliance is just for other projects. There's no real interest in the CarMax, which is our flagship that we own 100%.

9:12Graham Downs: Lastly, a relationship with Little Sam and CarMax First Nation. Where does that stand right now? Yeah, no, we're working on that. Actually, we've met with Chief and Council, did a tour of the property. with the chief and the council member recently, and we're really building that relationship. The area that we work in is a bit more of a brownfield area that's been worked on for decades. So it's an area I think there's acceptance to work in, and we're certainly building that relationship with Little Salmon, and look forward to continuing doing that going forward. Graham, thank you for speaking with Mining Stock Daily.

9:51Thanks so much. Really appreciate it. The information presented should not be considered investment advice. Mining Stock Daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.