The playbook — copper · October 1, 2026
Cascadia drills 75.55 m of 2.18% CuEq, pushes Carmacks zone 300 m north
Three step-out holes at the Yukon copper-gold project say the main zone is roughly twice as long as before — and the stock has run roughly ten times copper's gain over three months.
Cascadia Minerals drilled three step-out holes north of the known copper-gold deposit at its Carmacks project in central Yukon, and the headline hole is a good one. Hole CD-26-058 cut 75.55 metres grading 1.19% copper and 0.97 grams of gold per tonne — or 2.18% copper-equivalent, a single number that rolls the gold and copper together using 2023 study assumptions. Inside that run sat a 14.5-metre core of 2.30% copper and 2.68 g/t gold. The company calls 058 one of the best holes ever drilled on the property. Two companions landed too: CD-26-059 returned 93.99 m of 0.96% copper (1.94% CuEq), and the deeper CD-26-057 hit 60.51 m of 0.71% copper (1.10% CuEq) around 430 metres below surface.
Here is why the geometry matters. Hole 058 sits 100 metres northeast of an earlier hole, and 059 steps 82 metres north of 058, all between roughly 353 and 466 metres down. The release says these results push Zone 2000S about 300 metres north of the 2022 resource boundary, doubling its traced strike length to roughly 600 metres and filling the gap toward a neighbouring zone. These grades sit well above the deposit’s average of about 1.07% CuEq, and the holes are spaced close enough along a consistent trend that the connection reads as real geology rather than one lucky hit. The mineralization stays open at depth. CEO Graham Downs ran Canplats when its Camino Rojo deposit was outlined and Goldcorp bought the company for C$300 million; Agnico Eagle now holds about 19.9% and funds an exploration alliance here. And the market has noticed: over three months the stock climbed 72.9% while copper gained 7.3% and the copper-equity index rose 10.8% — roughly ten times copper’s move, a step-change that looks company-specific.
Now the fine print, and it is real. The reported widths are drilled thicknesses; the company estimates true widths at only 60–70% of that, so the 75.55-metre intercept is closer to 45–53 metres of actual rock. No cut-off grade or compositing interval was disclosed. The copper-equivalent math leans on a preliminary 2023 study that assumes US$4.00/lb copper and US$2,500/oz gold — the copper-only grades are the conservative read. The qualified person is Cascadia’s own VP Exploration, not an outsider. And six more holes in this same area are still awaiting assays, so the extension claim firms up only when those numbers land.