VANCOUVER, British Columbia–(Newsfile Corp. – March 22, 2023)- Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) (FSE: 0CM) (“Company” or “Casa”) is pleased to I’m in. Announced 2023 Exploration Plan for the Congress Gold Mine Project. Under the 2022 program that validated mineral data in the eastern part of the project, the Company has explored additional portions of the historic mine and developed plans for follow-up and confirmation drilling in the western zone of Congress Mine.
Casa Minerals Inc will drill 20 boreholes with an average length of 250 meters (820 feet) and a total of approximately 5000 meters (16,400 feet), confirming historic resources reported by previous operators/owners is.
Figure 1: Historical resources outlined by previous operators/owners.
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The aim is to further investigate the areas of potentially economic gold mineralization and long-interval strong gold enrichment discovered by the 2022 drilling (reference: news release, February 1, 2023). ). All work is conducted in accordance with Arizona mining laws and regulations and overseen by a licensed registered consulting geologist. Core samples are processed by mineral prospecting QA/QC and NI 43-101 standard procedures and analyzed by an independent ISO 9000 registered analytical laboratory.
The next five sections provide drillhole sections and plans for historical data collected by the company, subject to confirmation by the 2023 drilling program.
Casa Minerals Congress Mine, Arizona – Section BB’
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Casa Minerals Congress Mine, Arizona – Section FF’
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Casa Minerals Congress Mine, Arizona – Section HH’
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Casa Minerals Congress Mine, Arizona – Section LL’
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Casa Minerals Congress Mine, Arizona – Section MM’
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Casa will begin drilling in 2022 and will contain 400,000-500,000 tonnes (365,000-455,000 tonnes) of 0.3 opt (9.33 g/t) substantial gold reported in 1989 by the latest explorer, Echo Bay Mine. I checked the “resources” of operator. Republic Goldfields Inc. (dba Malartic Hygrade US Inc.) then reported that from 125,000 tons (ie 0.23 opt) he produced 28,500 ounces of gold. During its history, the Congress Gold Mine has produced approximately 400,000 to 500,000 ounces of gold from underground operations, once supporting a complete ore processing plant and completing a small frontier-style town. The mine was last operational in 1992 after more than 100 years of intermittent activity. The above figures cannot be verified, have not been audited by a qualified party, do not comply with current NI 43-101 standards, and should not be relied upon on Congress Gold Mine’s assessment.
Gold occurs in vein quartz and heavily silicified granite.
Located in Yavapai County in central Arizona, the Congress Mine property consists of 105.2 hectares (260 acres) of patented land and 200.2 hectares (494.8 acres) acquired through staking. Casa Minerals Inc. owns his 90% interest in historic claims over 40 feet deep and 100% undivided staked ground. A 1.5% net smelter royalty will be paid for production from the patented claims and certain surface rights to depths of 12.2 meters (40 feet) will be held by a third party.
Other properties
Casa Minerals Inc. is also preparing an exploration program for properties in British Columbia and will announce updates as they become available.
Eligible person:
Erik Ostensoe P.Geo, Director and Chief Geologist of the Company and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosures in this news release .
Notes: All historical data referenced in this news release was obtained from available archives and has not been reviewed or verified by us or any qualified person. There is no guarantee that work by Casa Minerals will result in the identification of economically viable mineral bodies comparable in size and/or grade to those that underpinned historic mining operations.
About Casa Minerals
The Company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the United States. Casa owns a ninety percent (90%) interest in a patented claim from depths greater than 40 feet at the Congress Gold Mine, Arizona, USA, and the company also owns a 90% (90%) interest in an adjacent patent. Owns 100% undivided on 25 claims (494.48 acres) of land not owned. Congress Gold Mine. This historic high-grade gold mine has not been explored or produced since 1992. In addition, the Company owns a 100% interest in Polymetal’s Pitman and Keeper property (British Columbia, Canada) and will acquire a 75% interest in the Arsenault VMS property (BC, Canada).
On behalf of the Board of Directors
Farshad Shirvani, MSc Geology
Representative Director and President
For more information, please contact:
Casa Minerals Co., Ltd.
Farshad Shirvani, President and CEO
Phone: (604) 678-9587
Email: contact@casaminerals.com
https://www.casaminerals.com
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDERS (AS THAT TERM IS DEFINED IN TSX VENTURE EXCHANGE POLICY) ASSUME ANY RESPONSIBILITY OR ACCURACY FOR THIS RELEASE.
Certain statements and information contained herein may constitute “forward-looking information.” In particular, any reference to private placements and future work programs, or any expectations regarding the quality or results of such work programs, constitutes risks associated with operations on the Asset, general exploration activities, equipment limitations and availability, and Subject to other risks. Not currently recognized. Readers are therefore advised not to place undue reliance on forward-looking information. Except as required by applicable securities laws, we undertake no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
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