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Casa Commences Inaugural Drilling Campaign at Its Pitman Polymetallic Project
VANCOUVER, BC / ACCESSWIRE / August 27, 2019 / Casa Minerals Inc. (TSXV:CASA)(OTC:CASXF)(Fr...
About this update from Casa Minerals, Inc.
[{"type":"text","content":"Casa Commences Inaugural Drilling Campaign at Its Pitman Polymetallic ProjectVANCOUVER, BC / ACCESSWIRE / August 27, 2019 / Casa Minerals Inc. (TSXV:CASA)(OTC:CASXF)(Frankfurt:0CM) (the “Company” or “Casa”) is pleased to announce commencement of the inaugural drilling program on its 100% owned Pitman property near Terrace, B.C. The Golden Dragon quartz veining network that is the priority target, includes the highest gold assays recorded on the property (574.42 g/t Gold and 109 g/t Silver over 1 meter). As depicted in the accompanying section, drill hole, PG-01, will be directed to the cluster of quartz veins that comprise the historic Paddy Mac prospect. Subsequent drill holes will explore nearby areas where Casa’s field crews have identified similar mineralization.Mr. Farshad Shirvani, President and CEO of the Company stated: “I am very excited to be drilling the Golden Dragon prospect that includes the Paddy Mac gold-quartz veins that were explored historically by sampling and underground excavations and confirmed by our recent work. Although a Prospectus to drill was filed in the 1980s, we are the first to explore the area by drilling. With world gold prices at near-record high levels, we are fortunate to be fully funded and permitted as we commence exploration of the “third dimension” underlying a large number of very promising gold and silver occurrences in such an opportune time”.As reported previously in News Releases, the Golden Dragon area comprises many gold and silver bearing quartz veins in and close to the historic Paddy Mac veins that, following their discovery in 1944, were developed by surface sampling and short underground excavations. The veins occur in rusty argillaceous sedimentary rocks in the steep-walled valley of the Carpenter Creek glacier where recent melting of the ice has exposed large areas of previously inaccessible ground and revealed a number of new mineral zones. Historic gold-silver values reported at Paddy Mac include a 30 cm sample with 373.7 g/t gold and 253.7 g/t silver. The average of 21 chip rock samples with average width 36 cm was 19.54 g/t gold and 176.22 g/t silver. Casa’s sampling of Paddy Mac veins and nearby mineral occurrences has, as previously reported, generally confirmed the historic numbers.Caution: Althoug...