Announcement Date: 2022-05-10
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Cassiar Gold Corp.
Project name: Cassiar
Location: Canada
Commodities: Gold
Highlight: Updated Resource Estimate for Taurus Deposit
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Calgary, Alberta–(Newsfile Corp. – May 10, 2022) – Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the “Company”) is pleased to announce the results of a new Mineral Resource Estimate (“MRE”) at its 100% owned flagship Cassiar Gold Property (“Property”) located in northern British Columbia, Canada. The MRE has been prepared in accordance with Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards. A technical report in support of the MRE (the “NI43 101 Report”) will be filed on SEDAR within 45 days of this news release. The new pit-constrained MRE for the Taurus deposit and supporting technical report for the Property incorporates results from 16,000 m of diamond drilling and other exploration activities completed in 2020-21 and replaces the Company’s previous NI43-101 resource disclosure, which did not provide economic constraints on the reported resource. Eastern areas of the deposit near the historical Taurus underground mine (~35,000 ounces produced) were excluded from the MRE as mining shapes could not be accurately recreated in 3D due to lack of survey constraints. As a result, this represents another area of potential future resource growth.
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