Early geological mapping and sampling outlined anomalous Mo-W throughout intensely skarn altered tuffs of the Mount Roberts Formation. The main zone of skarn alteration was exposed over a strike length of more than 700m with visible molybdenite noted throughout. Grades of up to 1.625% Mo and 0.1050% W were detected from surface grab samples suggesting that the skarn had the size potential as well as grades to host a large high grade open-pitable Mo-W deposit. A total of 6 diamond drill holes were designed to test the lateral and vertical extent as well as overall thickness and grades of the skarn alteration in areas where it was felt to be the most volumetrically extensive.

Anomalous Mo and W were discovered in five of the six holes completed with assay grades of 0.405% MoS₂ over 4 m and 0.083% MoS₂ over 11 m intersected in drill holes GM-07-06 and GM-07-02 respectively (Table 1). Multiple zones of greater than 0.05% MoS₂ were also outlined over intervals ranging from 1 m to 7 m throughout the skarn with several higher grade zones of up to 0.125% MoS₂ and 0.106% WO₃ over 3.2 m and 0.242% MoS₂ and 0.034% WO₃ outlined in drill holes GM-07-01 and GM-07-05 respectively.

The higher grade intersection of 0.405% MoS₂ over 4m in drill hole GM-07-06 occurs at a depth of 99 m within intensely chlorite+epidote altered tuffs and siltstones. The mineralization occurs as narrow molybdenite veinlets along fractures and shears and within an 8 cm wide brecciated quartz-feldspar vein cross-cutting these altered tuffs and siltstones. The 11 m of 0.083% MoS2 intersected at a depth of 63 m in drill hole GM-07-02 also occurs as fine disseminated molybdenite within locally silicified intensely chlorite+epidote+garnet altered tuffs and siltstones.

This style of mineralization is similar to mineralization reported by Roca Mines in their 43-101 report for the Max Mo Deposit, a 43 million tonne deposit (at 0.21% MoS2) located approximately 150 km to the north of the Goat Mountain Property. The report indicates that the main Mo mineralization in the Max Deposit occurs as broadly dispersed disseminations and fracture filling veinlets within a stockwork zone of intense quartz-feldspar altered schists.  These similarities as well as the extensive skarn alteration observed on the Goat Mountain property seem to suggest that a Mo rich stockwork and porphyry system may be present at depth in the area.

Cascadia plans to complete a full evaluation of the 10,000 acre property during the next phase of exploration where several Lead (Pb) – Zinc (Zn) – Silver (Ag) occurrences have been discovered in isolated outcrops over a strike length of more than 1.5 kms along the southern part of the property.  These showings occur as thin semi-massive to massive galena and sphalerite bands intercalated with meta-limestones and schists with grades of up to 453 g/t Ag, 12.70% Pb, and 2.58% Zn reported from surface grab samples from one of these occurrences.

Geological Maps (Click Image for Larger View)

Table 1: DDH Assays	GM-07-06 Drill Section	Detailed Geology	Detailed Gravity	Showing Locations	Regional Geology