Cassiar Gold drills 12.3 m of 2.64 g/t Au at Cassiar Cassiar Gold drills 12.3 m of 2.64 g/t Au at Cassiar
2020-11-10 11:10 ET - News Release
Mr. Marco Roque reports
CASSIAR GOLD CORP. INTERCEPTS 2.84 G/T AU OVER 12.3 M, 1.79 G/T AU OVER 23.75 M, AND 29.1 G/T AU OVER 0.45 M AT TAURUS BULK-TONNAGE GOLD DEPOSIT
Cassiar Gold Corp. has released assay results for seven diamond drill holes from its recently completed 2020 drill program on its 100-per-cent-owned Cassiar gold property in Northern British Columbia, Canada. The primary goal of this drill program was to continue to confirm and expand the 43-101 inferred near-surface resource of one million ounces at 1.43 grams per tonne gold estimated at Taurus in 2019 (see company news release, Sept. 11, 2019). The remaining 17 drill holes from the program will be reported pending receipt and confirmation of results.
Highlights
- Results of 23.75 metres at 1.79 g/t Au and 4.80 metres at 3.90 g/t Au returned from undrilled near-surface gap in bulk-tonnage resource.
- Infill drilling provides additional geological confidence and confirms historical drill results for the Taurus gold deposit, including 14.85 metres at 2.27 g/t Au at surface.
"This first set of results are extremely positive and significant to us. They all contained gold mineralization, confirmed and added confidence to historical results, and have the potential to add near-surface ounces to our already significant resource. I am very excited to see the next batches of results which will be received over the following weeks. Our strategy is to continue exploring and expanding the Taurus deposit while we shift our focus toward the high-grade targets at South Cassiar, a few kilometres south of Taurus and a former high-grade gold producer hosting a high-grade historic resource. With the addition of David Rhys and Doug Kirwin to our technical advisory board and the closing of our private placement of $6.65-million, our company has the direction and funding needed to continue drilling at both Taurus and our high-grade targets at South Cassiar, as we look to establish Cassiar gold as a multimillion-ounce district-scale gold project," commented Marco Roque, chief executive officer of Cassiar Gold.
Taurus deposit drilling summary
The drill holes were planned to confirm historical diamond drilling and reverse circulation drilling results, or to infill gaps within the 2019 Taurus bulk-tonnage resource model. Results are reported in the attached table.
Four drill holes targeted a previously undrilled 150-metre by 150-metre gap in the 2019 resource. Of note is drill hole 20TA-108, which intersected 23.75 m at 1.79 g/t Au at the west end of the gap. Also, within the gap, and 100 metres to the east of 20TA-108, drill hole 20TA-112 intersected 4.80 m at 3.90 g/t Au and 6.29 m at 1.36 g/t Au. These intercepts support the potential to increase the resource base at Taurus through infill drilling of the current resource.
Drill hole 20TA-104 was drilled 14 metres to the west and parallel to historic drill hole 96-124. Several significant intersections were returned, including 14.85 m at 2.27 g/t Au and 9.0 m at 1.33 g/t Au, confirming historical results and indicating along-strike continuity of mineralization.
Hole 20TA-102 was drilled parallel to and 10 metres to the east of historic drill hole T96-96. Significant intercepts include 9.10 m at 1.73 g/t Au, 12.3 m at 2.84 g/t Au, and 17.6 m at 1.00 g/t Au, consistent with historical results.
"The Taurus resource is an important foundational component of the Cassiar gold project. We are pleased to be able to refine and develop the geological model with these new drilling results and with structural data collected through the program that can be leveraged to advance the project," stated Kaesy Gladwin, vice-president of exploration.
Qualified person
The qualified person for the Cassiar gold project as defined by NI 43-101 is Mr. Gladwin, PGeo, vice-president of exploration for the company. The 2020 Taurus program is drilled with HQ drill core oriented using the Reflex ActIII system. Drill core samples selected and analyzed in the 2020 exploration program are logged and then cut in half using a diamond cutting saw, in a secure core storage facility located in Jade City, B.C. Certified gold reference standards and blanks are routinely inserted into the sample stream, as part of Cassiar Gold's quality control/quality assurance program. All samples are delivered to the SGS Canada preparation facility in Whitehorse, Yukon, where they are processed, and then shipped to the SGS Canada analytical facility in Burnaby, B.C. Samples are analyzed for gold by 50-gram fire assay with finish by atomic absorption or gravimetric methods. Screen metallic analysis is performed on selected samples. SGS Canada quality systems and technical aspects conform to requirements of ISO/IEC Standard 17025 guidelines.
About Cassiar Gold Corp.
Cassiar Gold is a Canadian gold exploration company focused on projects in British Columbia and led by a team of highly successful business and technical executives. The company's key asset, the Cassiar gold project, is a large, advanced-stage, road-accessible gold property with a NI-43-101-compliant resource estimate of one million ounces at 1.43 g/t Au at the Taurus bulk-tonnage gold deposit. The property hosts numerous gold showings, historical workings and exploration prospects over a more than 15-kilometre-long and up to 10-kilometre-wide trend that extends from high-grade past-producing mines at Cassiar South, to the Taurus deposit at Cassiar North.
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