What do you make of Cascadia's recent drilling at Carmacks?
I was going through some Yukon copper names and came across Cascadia Minerals ($CAM). Carmacks already has an existing copper-gold resource, so the exploration story seems to be more about finding out how far the sulphide mineralization actually extends.
The 2026 drilling has been pretty interesting so far. In July, they reported 106m of 1.09% Cu Eq, followed by additional broad intercepts in August. Mineralization at Zone 2000S has now been encountered roughly 250m beyond the existing resource, while they're still testing the area toward Zone 147.
They've planned 15,000m of drilling this year, which would be their biggest program at Carmacks in almost 20 years. Agnico Eagle also owns roughly 20% of Cascadia.
The stock has already had a good run and is around C$0.38, so it's definitely not an unnoticed name anymore. For anyone following Yukon copper, what do you see as the main downside with CAM from here? Is it mainly whether they can keep extending the mineralization, or are there other things you're watching?
Posted Sep 2, 2026, 12:38 PM UTC