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Be the first with the news that moves the market- Casa Minerals (CASA) has completed the first phase diamond drilling at its Congress gold deposit
- Drilling intersected newly discovered vein structures, as well as the formerly productive Congress and Niagara veins
- Distinct veining structures were encountered, as well as previously unrecorded veins. The veins have been mapped, measured, and sampled to be assayed
- Casa Minerals Inc. (CASA) is up 30 per cent, trading at C$0.13 at 3:30 pm ET
Casa Minerals (CASA) has completed the first phase diamond drilling at its Congress gold deposit, totalling 2,081 metres.
The deposit is located in the Martinez Mining District of Yavapai County, Arizona.
Drilling intersected newly discovered vein structures, as well as the formerly productive Congress and Niagara veins. Distinct veining structures were encountered, as well as previously unrecorded veins. The veins have been mapped, measured, and sampled to be assayed.
Documented mining operations, at intervals from 1880 to 1980 produced 426,000 ounces of gold, followed from 1982 to 1988 by poorly documented operations that may have produced about 75,000 ounces.
The purpose of the current program, which was Casa’s initial drilling of the historic Congress gold mine, was to obtain further information concerning gold-bearing structures that were identified but never developed.
Farshad Shirvani, President and CEO, comments that the team was very encouraged by the completion of this first phase of drilling.
“The company’s objective is to advance the Congress Mine with multi-stage exploration and development programs. This initial drilling advances Casa toward re-establishing the Congress Gold Mine as a potentially producing gold mine once again.”
The company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the USA.
Casa owns 90 per cent interest in the Congress gold mine.
Casa Minerals Inc. (CASA) is up 30 per cent, trading at C$0.13 at 3:30 pm ET.
