Engaged in the business of mineral exploration, CAVU Energy Metals (CSE:CAVU) has been drilling since early May 2022 at its Yukon Copper Project, home to its porphyry copper, gold, silver and molybdenum project with first assays at lab.
The company’s CEO, Jacob Verbaas, spoke to Sonia Madigan from The Market Herald at PDAC 2022 about the large copper systems at Yukon Copper and the Star Project, delineating up-to-date mineralization for both.
The Star Project in Northern British Columbia was CAVU’s latest significant acquisition. At the drilling stage, it is well mineralized to a 700-metre depth, open to depth and laterally, with multiple targets to be explored.
Given the market volatility over the past few months, productivity may be slightly delayed, though CAVU only has 31 million shares outstanding and avoids dilution unless it is sensible. Volatility may result in less drilling, but CEO Verbaas believes the turmoil is temporary. CAVU is well-positioned to unveil its North American copper systems as copper enters a structural deficit.
Having raised C$3.5 million in January 2022, the company is well-capitalized, and the macro fundamentals for copper are arguably the best of any metal as the energy transition picks up steam.