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Cassiar Gold Corp V.GLDC

Alternate Symbol(s):  CGLCF

Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Company's Cassiar Gold property spans approximately 590 square kilometers (km2) and consists of two main project areas: Cassiar North and Cassiar South. The Cassiar North project area hosts the Taurus Deposit as well as multiple bulk-tonnage-style regional targets including the Wings Canyon, Snow Creek and Newcoast prospects. The project area also includes the Lucky high-grade vein prospect. The Company also holds a 100% interest in properties covering most of the Sheep Creek gold camp located near Salmo, British Columbia, Canada. The Sheep Creek Project consists of the Bayonne and Sheep Creek properties. The Sheep Creek Camp is highly prospective for both gold and silver discoveries. The Sheep Creek Camp consists of approximately 79 crown grants and 31 mineral tenures totaling 3,939 hectares in the Nelson mining division.


TSXV:GLDC - Post by User

Comment by Andrew73on Jan 11, 2022 7:32am
535 Views
Post# 34302659

RE:drill results...my take

RE:drill results...my takeYou are forgetting that there are over 1 million ounces of gold from surface to 250 metres above this deeper intercept.  This is the deepest hole that the company has ever drilled at Taurus and they hit gold in the last 50 metres, proving for the first time that gold occurs at depth and that the deposit could be extended deeper after all the near-surface resources have been mined out.  Sure, if a company hit those grades with nothing to show closer to the surface then it would be expensive/uneconomic to get those ounces.  Totally different story if there are already resources at surface to where there would be no strip.

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