Cassiar Gold Encounters 141.4 Metres of 0.89 g/t Gold at the Newcoast Regional Prospect
Cassiar Gold Corp (TSXV: GLDC) (OTCQX: CGLCF) has announced final results from three diamond drill holes at the Newcoast Prospect of its Cassiar Gold project in northern British Columbia. The 2024 exploration program included 7,168 metres of drilling across 30 holes.
Key highlights from the Newcoast Prospect, located 2.5 km southeast of the Taurus deposit, include:
- Drill hole 24NC-008: 141.4m of 0.89 g/t gold, including 4.6m of 6.52 g/t Au
- Drill hole 24NC-007: Multiple intercepts including 57.6m of 0.50 g/t Au and 64.3m of 0.51 g/t Au
- Drill hole 24NC-009: 27.0m of 0.77 g/t Au and 64.1m of 0.53 g/t Au
These results extend mineralization at Newcoast and confirm potential for additional Taurus-style mineralization in untested areas. The Taurus deposit currently holds an Inferred resource of 1.4 million ounces grading 1.14 g/t gold.
Cassiar Gold Corp (TSXV: GLDC) (OTCQX: CGLCF) ha annunciato i risultati finali di tre perforazioni diamante nel Newcoast Prospect del suo progetto Cassiar Gold nel nord della British Columbia. Il programma di esplorazione del 2024 ha incluso 7.168 metri di perforazioni su 30 fori.
I punti salienti del Newcoast Prospect, situato a 2,5 km a sud-est del giacimento Taurus, includono:
- Roccia di perforazione 24NC-008: 141,4m di 0,89 g/t oro, inclusi 4,6m di 6,52 g/t Au
- Roccia di perforazione 24NC-007: Molteplici intercettazioni, tra cui 57,6m di 0,50 g/t Au e 64,3m di 0,51 g/t Au
- Roccia di perforazione 24NC-009: 27,0m di 0,77 g/t Au e 64,1m di 0,53 g/t Au
Questi risultati estendono la mineralizzazione al Newcoast e confermano il potenziale per ulteriore mineralizzazione in stile Taurus in aree non testate. Il giacimento Taurus attualmente detiene una risorsa inferita di 1,4 milioni di once con un titolo di 1,14 g/t oro.
Cassiar Gold Corp (TSXV: GLDC) (OTCQX: CGLCF) ha anunciado los resultados finales de tres perforaciones de diamante en el Newcoast Prospect de su proyecto Cassiar Gold en el norte de la Columbia Británica. El programa de exploración de 2024 incluyó 7,168 metros de perforación en 30 agujeros.
Los puntos destacados del Newcoast Prospect, que se encuentra a 2.5 km al sureste del depósito Taurus, incluyen:
- Agujero de perforación 24NC-008: 141.4m de 0.89 g/t de oro, incluyendo 4.6m de 6.52 g/t Au
- Agujero de perforación 24NC-007: Múltiples interceptos, incluidos 57.6m de 0.50 g/t Au y 64.3m de 0.51 g/t Au
- Agujero de perforación 24NC-009: 27.0m de 0.77 g/t Au y 64.1m de 0.53 g/t Au
Estos resultados extienden la mineralización en Newcoast y confirman el potencial para una mineralización adicional de estilo Taurus en áreas no probadas. El depósito de Taurus tiene actualmente un recurso inferido de 1.4 millones de onzas con una ley de 1.14 g/t de oro.
카시알 골드 코퍼레이션 (TSXV: GLDC) (OTCQX: CGLCF)는 북부 브리티시 컬럼비아에 있는 뉴코스트 광 prospect의 다이아몬드 시추 구멍 세 개의 최종 결과를 발표했습니다. 2024년 탐사 프로그램은 30개의 구멍에 걸쳐 7,168미터의 시추를 포함했습니다.
타우러스 매장지에서 남동쪽으로 2.5km 떨어진 뉴코스트 광 prospect에서의 주요 내용은 다음과 같습니다:
- 시추 구멍 24NC-008: 0.89 g/t 금의 141.4m, 그 중 4.6m는 6.52 g/t Au
- 시추 구멍 24NC-007: 57.6m의 0.50 g/t Au 및 64.3m의 0.51 g/t Au를 포함한 다수의 인터셉트
- 시추 구멍 24NC-009: 0.77 g/t Au의 27.0m 및 0.53 g/t Au의 64.1m
이 결과는 뉴코스트에서의 광물화를 확장하고 테스트되지 않은 지역에서 추가적인 타우러스 스타일의 광물화 가능성을 확인합니다. 현재 타우러스 매장지는 1.14 g/t 금 함량의 추정 자원 140만 온스를 보유하고 있습니다.
Cassiar Gold Corp (TSXV: GLDC) (OTCQX: CGLCF) a annoncé les résultats finaux de trois forages diamant au Newcoast Prospect de son projet Cassiar Gold dans le nord de la Colombie-Britannique. Le programme d'exploration 2024 a inclus 7 168 mètres de forage à travers 30 trous.
Les principaux points saillants du Newcoast Prospect, situé à 2,5 km au sud-est du gisement Taurus, comprennent:
- Trou de forage 24NC-008 : 141,4 m de 0,89 g/t d'or, y compris 4,6 m de 6,52 g/t Au
- Trou de forage 24NC-007 : Plusieurs intersections, y compris 57,6 m de 0,50 g/t Au et 64,3 m de 0,51 g/t Au
- Trou de forage 24NC-009 : 27,0 m de 0,77 g/t Au et 64,1 m de 0,53 g/t Au
Ces résultats étendent la minéralisation au Newcoast et confirment le potentiel d'une minéralisation supplémentaire de style Taurus dans des zones non testées. Le gisement Taurus détient actuellement une ressource présumée de 1,4 million d'onces avec une teneur de 1,14 g/t d'or.
Cassiar Gold Corp (TSXV: GLDC) (OTCQX: CGLCF) hat die endgültigen Ergebnisse von drei Diamantbohrlöchern im Newcoast Prospect seines Cassiar Gold-Projekts im Norden British Columbias bekannt gegeben. Das Explorationsprogramm 2024 umfasste 7.168 Meter Bohrungen über 30 Löcher.
Die wichtigsten Highlights aus dem Newcoast Prospect, das 2,5 km südöstlich des Taurus-Vorkommens liegt, umfassen:
- Bohrloch 24NC-008: 141,4m mit 0,89 g/t Gold, einschließlich 4,6m mit 6,52 g/t Au
- Bohrloch 24NC-007: Mehrere Absetzungen, darunter 57,6m mit 0,50 g/t Au und 64,3m mit 0,51 g/t Au
- Bohrloch 24NC-009: 27,0m mit 0,77 g/t Au und 64,1m mit 0,53 g/t Au
Diese Ergebnisse erweitern die Mineralisierung im Newcoast und bestätigen das Potenzial für zusätzliche Mineralisierungen im Taurus-Stil in noch ungetesteten Bereichen. Das Taurus-Vorkommen hat derzeit eine geschätzte Ressource von 1,4 Millionen Unzen mit einem Gehalt von 1,14 g/t Gold.
- Strong drill results with significant gold mineralization intervals, including 141.4m of 0.89 g/t Au
- Successful expansion of mineralized zone at Newcoast Prospect
- Confirmation of potential for additional Taurus-style mineralization in untested areas
- Property hosts 1.4 million ounces Inferred gold resource at Taurus deposit
- None.
Calgary, Alberta--(Newsfile Corp. - January 22, 2025) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") is pleased to announce results from the final three diamond drill holes of the 2024 exploration program at the Cassiar Gold project, located in northern British Columbia. Results reported here extend mineralization at the Newcoast Prospect and confirm the potential for continued expansion of broad intervals of mineralization, similar in style to that of the Taurus deposit. These drill holes highlight the potential for additional Taurus-style mineralization to occur within extensive untested areas surrounding the deposit and outlying prospects. Results from the field program and geophysical surveys remain pending.
The 2024 exploration program comprised 7,168 metres (m) of diamond drilling over 30 drill holes, geophysical surveys, mapping, and soil sampling at the Cassiar Gold Property. The project hosts several regional prospects with potential to host Taurus-style mineralization in outlying areas to the Taurus bulk-tonnage Inferred gold resource of 1.4 million ounces grading 1.14 grams per tonne (g/t) gold (Au) [1].
Highlights:
Drill holes reported here are from the Newcoast Prospect, which is located 2.5 km southeast of the Taurus deposit (Figure 1). All drill holes at Newcoast encountered broad intercepts of mineralization above 0.5 g/t Au in 2024 and successfully expanded a broad, sparsely drill tested mineralized zone initially encountered during the 2023 drill program. Results include:
Drill hole 24NC-008:
141.4 m of 0.89 grams per tonne (g/t) gold (Au), including:
4.6 m of 6.52 g/t Au,
0.7 m of 12.55 g/t Au, and
0.5 m of 9.84 g/t Au
Multiple intercepts returned in drill hole 24NC-007 include:
57.6 m of 0.50 g/t Au
64.3 m of 0.51 g/t Au, including 0.6 m of 4.05 g/t Au and 0.4 m of 16.10 g/t Au
Drill hole 24NC-009:
27.0 m of 0.77 g/t Au, including 0.4 m of 16.80 g/t Au, and
64.1 m of 0.53 g/t Au
"We are very pleased with the final drill results of the 2024 drill program," said Marco Roque, President and CEO. "Drilling at Newcoast, along with recently released Taurus deposit results, confirm the considerable opportunity for ongoing growth at the Cassiar Gold property through both deposit-based drilling and regional exploration in the district. We are excited about the potential for mineralization at Newcoast to continue to expand and we look forward to advancing this compelling target and surrounding prospective areas."
Figure 1. Cassiar North 2024 drill campaign drill hole location plan map of infill and expansion drilling at the Newcoast target, with locations of drill holes reported within this news release contained within the blue outline (shown in detail in Figure 3). Historical production figures from Taurus MINFILE Production Detail Report, file number 104P 012, BC Geological Survey.
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Newcoast Prospect
The Newcoast Prospect is host to numerous gold-bearing quartz veins and mineralized showings over 4 km in east-west lateral extent which has been explored previously by limited, widely spaced drilling, including during a Phase 1 program conducted by Cassiar Gold in 2023. The target area is situated along a 15 km northwest trend of gold deposits and mineralized occurrences established across the property within which the principal Taurus and Cassiar South past-producing deposits occur. The trend is associated with the development of gently dipping stacked shear zones between basal units that are host to mineralization.
Mineralization at Newcoast occurs roughly 2.5 km southeast of the Taurus Inferred Mineral Resource and exhibits similar physical characteristics to that of the Taurus deposit - with sporadically outcropping and near surface narrow sheeted quartz veining, disseminated pyrite, arsenopyrite, and gold-bearing alteration halo (Figure 4). The Newcoast target and Taurus deposit are separated by relatively flat ground with thin cover, limited outcrop exposure, and very little exploration.
Results
The latest drilling results reported in this news release are from three holes totalling 1,245 m (Figure 1). These were designed as follow up to a Phase 1 program conducted in 2023 which aimed to identify gold-bearing quartz vein and alteration systems in this area that have potential to be amenable to host bulk-tonnage style mineralization. Most historical exploration work at Newcoast was designed to target higher grade, east-west trending quartz veins typical of narrow vein underground mining. These new drill results lend further support to the bulk-tonnage potential and continued expansion of the target area confirmed by the Phase 1 program.
Newcoast: drill holes 24NC-008, 24NC-007, 24NC-009
Drill holes 24NC-008, 24NC-007, and 24NC-009 (northeast-oriented), were designed as follow up to an initial phase of drilling carried out in 2023, which tested the influence of an interpreted northwest shear zone and east northeast-trending extensional veining on the distribution of mineralization at Newcoast, near areas of limited historical drilling. Highlight holes in phase 1 drilling encountered extensive intervals of high-density narrow sheeted vein sets and associated Au-bearing alteration halo (see NEWS RELEASE, January 18, 2024), bearing strong similarities to physical and chemical characteristics of mineralized zones at the Taurus deposit. Results include (Table 1, Figures 2,3):
- 24NC-008: 141.4 m of 0.89 g/t Au from 143.1 m downhole, including 4.6 m of 6.52 g/t Au with 2.3 m of 10.36 g/t Au (Figure 2), below mineralization encountered in 2023 drill hole 23NC-005 by up to 75m.
- 24NC-007: 57.6 m of 0.5 g/t Au from 266.5 m downhole, and 64.3 m of 0.51 g/t Au from 377.3 m downhole, including 0.6 m of 4.05 g/t Au and 0.4 m of 16.10 g/t Au, below mineralization encountered in drill hole 23NC-004 (136.8 m of 0.71 g/t Au including 95.3 m of 0.9 g/t Au, NEWS RELEASE, January 18, 2024) by 40 m as well as extending mineralization to 90 m depth beyond the extent identified in 2023.
- 24NC-009: 27.0 m of 0.77 g/t Au from 139.0 m downhole, and 64.1 m of 0.53 g/t Au from 226.2 m downhole, identifying the continuation of mineralization above and to the northwest of the highlight intercept encountered in phase 1 drill hole 23NC-004.
Figure 2. Vertical section of drill hole 24NC-008 at the Newcoast Prospect, looking to the west. Assay results in red text are reported in this news release. Section width +/- 50 m.
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Figure 3. Plan view map of 2024 drill holes reported in this news release. The map location is shown in Figure 1. The vertical projection of mineralized intercepts reported in this release are included for reference.
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Figure 4. Photo of sampled drill core from an extensive interval of sheeted quartz veining, alteration, sulphide, and gold mineralization encountered between 143.1 m and 284.5 m in drill hole 24NC-008 at the Newcoast Prospect.
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These results from Phase 2 drilling at Newcoast collectively confirm the potential for continued expansion of broad intervals of mineralization with strong similarities to the Taurus deposit at outlying prospects within the same valley, reinforcing the prospectivity of the underexplored greater land package at the Cassiar District.
Table 1. Significant 2024 drilling results from the Newcoast Prospect based on a >0.5 g/t cutoff. While true thickness has not been established, drill holes are designed to cross at high to moderate angles within known corridors of mineralization based on orientations of mineralized areas defined by previous drilling and structural data from oriented drill core and outcropping veins.
| Target Area | Drill Hole | From (m) | To (m) | Length* (m) | Grade (g/t Au) | |
| Newcoast | 24NC-007 | 83.5 | 84.3 | 0.8 | 2.18 | |
| 206.1 | 206.9 | 0.8 | 1.77 | |||
| 232.6 | 240.1 | 7.5 | 1.12 | |||
| incl. | 236.0 | 236.5 | 0.5 | 5.26 | ||
| 266.5 | 324.1 | 57.6 | 0.50 | |||
| 329.7 | 330.8 | 1.1 | 1.41 | |||
| 353.6 | 356.7 | 3.1 | 0.65 | |||
| 377.3 | 441.6 | 64.3 | 0.51 | |||
| incl. | 413.4 | 414.0 | 0.6 | 4.05 | ||
| and | 429.1 | 429.5 | 0.4 | 16.10 | ||
| and | 431.1 | 431.9 | 0.8 | 3.90 | ||
| and | 441.0 | 441.6 | 0.6 | 3.52 | ||
| 24NC-008 | 36.9 | 38.9 | 2.0 | 0.98 | ||
| 53.8 | 56.3 | 2.5 | 1.10 | |||
| 143.1 | 284.5 | 141.4 | 0.89 | |||
| incl. | 171.9 | 172.8 | 0.9 | 6.48 | ||
| and | 184.7 | 185.5 | 0.8 | 3.27 | ||
| and | 226.9 | 231.5 | 4.6 | 6.52 | ||
| with | 227.5 | 229.8 | 2.3 | 10.36 | ||
| incl. | 238.9 | 239.6 | 0.7 | 12.55 | ||
| and | 242.1 | 242.6 | 0.5 | 9.84 | ||
| and | 277.9 | 278.5 | 0.6 | 3.14 | ||
| 309.2 | 311.3 | 2.1 | 1.16 | |||
| 321.0 | 351.5 | 30.5 | 0.51 | |||
| incl. | 338.1 | 338.8 | 0.7 | 3.15 | ||
| 357.0 | 363.3 | 6.3 | 0.78 | |||
| incl. | 362.1 | 362.8 | 0.7 | 3.68 | ||
| 24NC-009 | 139.0 | 166.0 | 27.0 | 0.77 | ||
| incl. | 139.0 | 139.4 | 0.4 | 16.80 | ||
| 179.4 | 189.3 | 9.9 | 0.68 | |||
| 226.2 | 290.3 | 64.1 | 0.53 | |||
| 304.0 | 304.9 | 0.9 | 3.42 | |||
| 329.7 | 333.4 | 3.7 | 0.66 | |||
| 347.3 | 349.9 | 2.6 | 0.70 | |||
| * Drill core lengths are reported here. True widths for these intervals have not been established | ||||||
Qualified Person
The technical information in this news release has been reviewed and approved by Jill Maxwell, P.Geo., Cassiar Gold Corp.'s VP Exploration, who is a Qualified Person as defined by National Instrument 43-101.
Quality Assurance (QA) and Quality Control (QC)
The 2024 Cassiar drilling program comprises HQ diamond drill core. Drill core samples are selected and logged by geologists prior to being cut in half using a diamond cutting saw at a secure facility located in Jade City, British Columbia. Certified gold reference standards and blanks are routinely inserted into the sample stream as part of the Company's QA/QC program. All samples are delivered to the ALS Global preparation facility in Whitehorse, Yukon, then shipped to ALS Global preparation and analytical facilities in Vancouver, British Columbia. Samples are analyzed for gold by 50-gram fire assay with finish by atomic absorption or gravimetric methods. Screen metallic analysis is performed on selected samples. ALS Global quality systems and technical aspects conform to requirements of ISO/IEC Standard 17025 guidelines.
About Cassiar Gold Corp.
Cassiar Gold Corp. is a Canadian gold exploration company holding a
The Company also holds a
Cassiar Gold Corp. acknowledges, respects, and supports the rights of Traditional First Nations in the lands and communities where we operate.
CONTACT INFORMATION
Jason Shepherd
VP Investor Relations
Cassiar Gold Corp.
E-mail: jasons@cassiargold.com
Phone: 250-212-2122
Forward-Looking Statements
This press release may contain forward looking statements including those describing Cassiar Gold's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Cassiar Gold and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the Company's exploration plans and work commitments.
Although Cassiar Gold believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, general economic, market or business conditions, risks associated with the exploration and development industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, the COVID-19 pandemic, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.
Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
[1] See April 28, 2022, NI43-101 Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property" by Zelligan, P.Geo, Moors, P.Geo, Jolette, P.Geo.
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FAQ
What are the latest drilling results from CGLCF's Newcoast Prospect in January 2024?
How large is CGLCF's 2024 exploration program at the Cassiar Gold project?
What is the current gold resource at CGLCF's Taurus deposit?
How far is the Newcoast Prospect from CGLCF's Taurus deposit?
