Casa Minerals Concludes First Phase Drill Program at the Congress Gold Mine, and Successfully Intersects Congress and Niagara Vein Structures in All Targeted Areas

Vancouver, Canada –
Newsfile Corp. – October 4, 2022 –
Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) (FSE: OCM) (the “Company or “Casa”) is pleased to announce it has successfully completed the first phase diamond drilling, totaling 6,828 feet, at its Congress gold deposit located in Martinez Mining District of Yavapai County, Arizona.
Drilling intersected newly discovered vein structures, as well as the formerly productive Congress and Niagara veins. The initial phase of drilling was designed to improve historic data and to generate updated information on the geology and mineralization of the Congress Gold Mine gold-bearing structures. Distinct veining structures were encountered as expected, as well as previously unrecorded veins. The veins have been carefully mapped, measured, and sampled to be assayed and that data will be used in the future resource evaluation.
Casa Minerals president and CEO Mr. Farshad Shirvani commented, “We are 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.”
Casa’s HQ diamond drill program was guided by a Registered Professional Geologist who supervised drilling operations, assumed custody of drill cores, and managed core processing and sampling. Core samples are being analysed at an independent ISO-9000 certified commercial analytical laboratory, and results will be released following receipt and confirmation.
Ten drill holes with a total length of 6,828 ft were drilled with majority on the Congress and Queen of the Hills Claim blocks. Locations and other details are presented in Table 1. True thicknesses have not been determined and are presented as measured in cores.

Hole

East (m)

North (m)

Elev. (m)

Azimuth

Inclination

Length (ft)

Remarks

CGC-001

329060

3786521

1023

0

-90

498

3 veins recorded: longest vein core length is 13 ft.

CGC-002

329068

3786529

1023

225

-50

245

3 veins recorded: longest vein core length is 20 ft.

CGC-003

329217

3786324

1045

0

-90

757

1 vein recorded with 27 ft.

CGC-004

329217

3786326

1045

225

-50

420

2 veins recorded: longest vein core length is 40 ft.

CGC-005

329370

3786165

1100

0

-90

1,197

12 veins recorded: longest vein core length is 16 ft.

CGC-006

329372

3786160

1099

270

-50

483

1 vein recorded with 28 ft.

CGC-007

329920

3786384

1070

0

-90

928

5 veins recorded: longest vein core length is 26 ft.

CGC-008

329920

3786386

1070

160

-50

750

6 veins recorded: longest vein core length is 33 ft.

CGC-009

329850

3786182

1045

0

-90

800

18 veins recorded: longest vein core length is 80 ft.

CGC-010

329850

3786184

1045

190

-50

750

5 veins recorded: longest vein core length is 29 ft.

Table 1: Drill hole location and details.
The following map illustrates the location of drill holes and observed vein intercepts.

Map 1. Property, Drill Holes and Intercepts
To view an enhanced version of Map 1, please visit:
https://images.newsfilecorp.com/files/1750/139413_9244f79794970900_001full.jpg
Notes:
1- The vein thickness is combined for each drill hole.
2- Veining is based on visual observations, assays pending.
Table 2. Tabulation of vein observations.

Table 2. (a)

Continued: Table 2. (b)

Hole

From (ft)

To (ft)

Thickness (ft)

Code

Hole

From (ft)

To (ft)

Thickness (ft)

Code

CGC-001

10

22

12

Vein

CGC-008

81

87

6

Vein

CGC-001

242

244

2

Vein

CGC-008

219

228

9

Vein

CGC-001

244

257

13

Vein

CGC-008

251

254

3

Vein

CGC-002

16

36

20

Vein

CGC-008

313

315

2

Vein

CGC-002

174

179

5

Vein

CGC-008

324

326

2

Vein

CGC-002

206

219

13

Vein

CGC-009

8

31

23

Vein

CGC-003

258

285

27

Vein

CGC-009

63

72

9

Vein

CGC-004

142

157

15

Vein

CGC-009

181

184

3

Vein

CGC-004

167

207

40

Vein

CGC-009

193

198.5

5.5

Vein

CGC-005

263

279

16

Vein

CGC-009

200.5

205

4.5

Vein

CGC-005

320

326

6

Vein

CGC-009

758

764

6

Vein

CGC-005

350

355

5

Vein

CGC-009

840

920

80

Vein

CGC-005

412

423.5

11.5

Vein

CGC-009

922

925

3

Vein

CGC-005

472

479

7

Vein

CGC-009

930

939

9

Vein

CGC-005

528

533

5

Vein

CGC-009

944

948

4

Vein

CGC-005

533

541

8

Vein

CGC-009

1008

1013

5

Vein

CGC-005

717

729

12

Vein

CGC-009

1037

1040

3

Vein

CGC-005

847

853.5

6.5

Vein

CGC-009

1046

1054

8

Vein

CGC-005

884

886

2

Vein

CGC-009

1062

1068

6

Vein

CGC-005

1040

1056

16

Vein

CGC-009

1076

1087

11

Vein

CGC-005

1099

1105

6

Vein

CGC-009

1097

1107

10

Vein

CGC-006

194

222

28

Vein

CGC-009

1112

1120

8

Vein

CGC-007

26

52

26

Vein

CGC-009

1170

1178

8

Vein

CGC-007

202

208

6

Vein

CGC-010

0

29

29

Vein

CGC-007

267.5

276

8.5

Vein

CGC-010

64

74

10

Vein

CGC-007

486

489

3

Vein

CGC-010

218

224

6

Vein

CGC-007

708

714

6

Vein

CGC-010

237.5

260

22.5

Vein

CGC-008

0

33

33

Vein

CGC-010

337

340

3

Vein

About Congress Gold Mine Project:

Since purchasing the Congress property, Casa has compiled all available technical data concerning the former mining operations. 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 an additional 75,000 ounces.

Image 2
To view an enhanced version of Image 2, please visit:
https://images.newsfilecorp.com/files/1750/139413_9244f79794970900_002full.jpg

Image 3
To view an enhanced version of Image 3, please visit:
https://images.newsfilecorp.com/files/1750/139413_9244f79794970900_003full.jpg
About Casa Minerals Inc.
The Company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the USA. Casa owns ninety percent (90%) interest in the Congress gold mine (Arizona, USA). This historic high-grade gold producing mine has not been explored nor been in production since 1992. Additionally, the Company owns a one hundred percent (100%) interest in the polymetallic Pitman and Keaper properties (BC, Canada) and has an option to acquire a seventy-five percent (75%) interest in the Arsenault VMS Property (BC, Canada).
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) 678-9587
Email:
[email protected]

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NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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