Announcement Date: 2022-11-29
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Cassiar Gold Corp.
Project name: Cassiar
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 72.3m at 1.09g/t Au, from 337.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Calgary, Alberta–(Newsfile Corp. – November 29, 2022) – Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the “Company”) is pleased to announce assay results from an additional six diamond drill holes of the 2022 exploration program completed at the Taurus Deposit, located in the Cassiar North area of the Company’s flagship Cassiar Gold Property in Northern British Columbia, Canada. The Company’s 2022 program included 70 drill holes and over 23,000m of diamond drilling that commenced in June and recently concluded inOctober. The exploration focus of the drilling targeted high priority areas at the Taurus Deposit, significant vein prospects at Cassiar South and additional brownfields opportunities on the property. Cassiar Gold continues to focus on advancing exploration of the project through deposit expansion, optimization, and the potential for new discovery. The Taurus Deposit hosts a substantial near-surface, bulk-tonnage inferred gold resource of 1.4 million ounces grading 1.14 g/t Au 1 which remains open in all directions. Results from a total of 19,102 metres of drilling (57 drill holes) from the 2022 program remain pending and will be disclosed in subsequent news releases. The results reported are from drill holes designed to test for the potential extension of known mineralization through step-out drilling, confirm historical results, and infill areas of previous widely spaced drilling in the Taurus Deposit to evaluate the potential for continuity of mineralization between resource blocks (Figure 1).
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