Cassiar Gold Corp CGLCF

Cassiar Gold Intersects 34.9 m of 2.56 g/t Au, 45.3 m of 1.2

[Andrew73]

Cassiar Gold Intersects 34.9 m of 2.56 g/t Au, 45.3 m of 1.29 g/t Au and 118.6 m of 1.01 g/t Au from Bulk-Tonnage Taurus Resource at Cassiar North

 

CALGARY, ALBERTA -- (January 6, 2022) – Cassiar Gold Corp. (TSX-V: GLDC, OTCQX: CGLCF) (the “Company”) is pleased to announce assay results from an additional four diamond drill holes at the Taurus Deposit located in the Cassiar North area of the Company’s flagship Cassiar Gold Property in northern British Columbia, Canada. The Taurus Deposit hosts a substantial near-surface, bulk-tonnage Inferred gold resource of one million ounces grading 1.43 g/t Au[1]. The new results from the western portion of the Taurus Deposit (Figure 1) confirm the potential for the resource to expand at depth and internally between gaps in the known resource.

Highlights:

• Drillhole 21TA-128, the deepest hole drilled to date with a length of 423 m (320 m vertical depth), intersected multiple intervals of gold mineralization both at surface and at depth:
  • 118.6 m of 1.01 g/t Au from 11.0 m downhole, including 0.8 m of 43.80 g/t Au and 0.6 m of 18.70 g/t Au
  • 45.3 m of 1.29 g/t Au from 349.7 m downhole, including 10.0 m of 3.72 g/t Au, extending the depth of known mineralization at Taurus
• Drillhole 21TA-135 intersected 34.9 m of 2.56 g/t Au from 194.2 m downhole, including 9.0 m of 5.18 g/t Au and 0.6 m of 22.50 g/t Au

“Our 2021 drill program at the Taurus Deposit has delivered excellent results yet again to highlight an outstanding asset that is demonstrating extensive near-surface continuity of gold mineralization and the potential to grow at depth,” stated Marco Roque, CEO of Cassiar Gold Corp. “These results at Taurus, combined with the exceptional results released in November, confirm the robustness of our geological model at Cassiar North, and we look forward to embarking on a more aggressive drill campaign in 2022 to expand the resource.  In the meantime, we look forward to reporting results from the final three holes of the program in the coming weeks.”
 
2021 Cassiar North Drill Program at Taurus Deposit
 
The 2021 Cassiar North Drill Program focused on the Taurus Deposit and consisted of 15 drill holes totaling 4,098 m targeting the 88 Hill, Gap, Northwest, West and Southwest zones of the deposit (Figure 1). The drill program, which was completed from early June to mid-August, was designed to define higher-grade mineralized areas where historical drilling from the 1990s is widely spaced (~100 m apart) as well as to confirm historical grades and collect additional structural data for use in updated modeling work. The deposit remains open in most directions and at depth.