Casa Minerals Inc. Obtains Quotation on OTC Markets Platform
"Today's announcement means current and future shareholders, especially those who live in the U.S., now have greater access and flexibility to trade Casa's common shares" notes Farshad Shirvani, President and CEO of Casa.
As announced in Casa's news release from October 16th, 2018, one of this year's most important discoveries is the Golden Dragon vein network with rock chip samples returning values, including but not limited to, 574.42 g/t gold (109 g/t silver plus 0.1% copper, 1.56% lead and 0.23% zinc), as well as 268.86 g/t gold (127 g/t silver plus 0.2% copper, 2.95% lead and 0.04% zinc) and 50.83 g/t gold (28g/t silver, trace copper, 0.21% lead and 0.02 % zinc) .
About Casa Minerals Inc.
Casa Minerals Inc. (TSXV: CASA, OTC: CASXF) 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 Pitman Property comprises five contiguous mineral tenures covering 4255.6 hectares and is located 20 kilometers north of Terrace, British Columbia. The mineral claims of the Pitman Property include several historic prospects, including the Pitman copper-molybdenum ± silver prospect, and the Gold Dome and Paddy Mac gold-base metal prospects and the newly discovered Golden Dragon. Casa's field crews have been exploring the Pitman Property at intervals since 2005 and since June of this year have concentrated on prospecting and soil sampling in order 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. Further work is planned, including an airborne geophysical survey and programs of diamond drilling.
The Keaper Property, located 20 kilometers northeast of Terrace, British Columbia, comprises five contiguous mineral tenures covering 3,789.5 hectares. The property features numerous copper occurrences and a possible polymetallic zone with high silver values and related copper, lead and zinc. Field work is continuing and results will be announced when available.
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
Forward-Looking Statements: 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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