08:51 AM EDT, 07/25/2024 (MT Newswires) -- Cascadia Minerals ( CAMNF ) reported Thursday prospecting results from the phase-one exploration program at the Catch property in Yukon.

The company said prospecting at the Amp zone delivered the highest gold and silver grades on the project to date, including a 0.9 kilogram outcrop sample that returned 1,065 grams per tonne (g/t) gold and 267 g/t silver.

Cascadia said an expanded IP survey is scheduled to commence shortly.

"The discovery of such high-grade epithermal gold mineralization over 1 km north of a new drill-confirmed porphyry discovery is a significant development for us," President and CEO Graham Downs said. "Epithermal gold-silver mineralization is often associated with porphyry systems but not always preserved."

A phase-two exploration program is also underway at Catch.

Cascadia's share price jumped 8.7% yesterday to $0.25 on the TSXV.