VANCOUVER – Cassiar Gold Corp. [GLDC-TSXV; CGLCF-OTCQX] reported assay results from an additional nine diamond drill holes that were part of the 2022 exploration program completed at and near the Taurus Deposit, located on the 100%-owned flagship Cassiar Gold property, far northern British Columbia.
Results reported here contribute to the progressive expansion of mineralization both within and near the footprint of the Taurus Deposit and further demonstrate continuity of a higher-grade corridor of gold mineralization at the western extent of the deposit.
Cassiar Gold’s 2022 exploration program comprised 23,000 meters in 70 diamond drill holes focused on strategic areas of the Taurus Deposit, as well as significant vein prospects in Cassiar South and other brownfields targets. Results from 13 drill holes totaling 5,259 metres of drilling from this program are yet to be disclosed as the Company continues to await the return of additional assay results.
Highlights from the Taurus West area: Drill hole 22TA-180 intersected 71.6 metres of 1.54 g/t gold from 177.5 metres down hole, including 23.5 metres of 3.68 g/t gold, expanding mineralization beyond the resource block model along the Taurus West Fault.
Drill hole 22TA-182 intersected 58.8 metres of 1.34 g/t gold from 194.7 metres downhole, including 12.8 metres of 2.41 g/t gold, expanding mineralization beyond the extend of the resource block model.
Drill hole 22TA-174 returned multiple mineralized intercepts, including 77.2 metres of 0.67 g/t gold from 12.3 metres downhole, including 24.3 metres of 1.13 g/t gold, confirming near-surface mineralization at Taurus West; 24.3 metres of 1.13 g/t gold, extending mineralization at depth along the Taurus West Fault, 145 metres north of previous drilling.
“Our 2022 drill program at the Taurus Deposit continues to deliver excellent results, with these most recent intercepts highlighting the potential for further expansion of the resource within higher-grade mineralized corridors,” stated Marco Roque, CEO of Cassiar Gold. “The positive developments from this program reinforce the potential for ongoing growth at Taurus in 2023.”
The Taurus Deposit hosts a significant near-surface, bulk-tonnage, and pit-constrained inferred gold resource of 1.4 million ounces grading 1.14 g/t gold. The latest drilling results reported in this news release are from nine holes totaling 2,586 metres from the Taurus West area of the Taurus deposit.