Cassiar Gold Encounters 19.7 metres of 6.84 g/t Gold through Expansion Drilling and Extends Mineralization from Surface with 201.8 metres of 0.53 g/t Gold
Cassiar Gold Corp. (CGLCF) has announced results from seven diamond drill holes of its 2024 exploration program at the Cassiar Gold project in northern British Columbia. Key highlights include significant gold intercepts at the Taurus deposit, notably 201.8 metres of 0.53 g/t gold from surface and 19.7 metres of 6.84 g/t gold, including high-grade samples up to 315.00 g/t gold.
The 2024 drill program comprised 7,168 metres over 30 drill holes, with these results representing the final assays from the Taurus deposit. The drilling has successfully extended mineralization from surface at the southwest extent of the deposit, with results expanding the known mineralization beyond the current resource block model. The company plans to update its mineral resource estimate in the first half of 2025.
Cassiar Gold Corp. (CGLCF) ha annunciato i risultati di sette perforazioni diamantate del suo programma di esplorazione 2024 presso il progetto Cassiar Gold nel nord della Columbia Britannica. Tra i principali risultati si segnalano intercettazioni significative di oro nel deposito Taurus, con 201.8 metri di 0.53 g/t di oro dalla superficie e 19.7 metri di 6.84 g/t di oro, che comprendono campioni di alta qualità fino a 315.00 g/t di oro.
Il programma di perforazione del 2024 ha previsto 7.168 metri su 30 perforazioni, con questi risultati che rappresentano le ultime analisi del deposito Taurus. La perforazione ha esteso con successo la mineralizzazione dalla superficie verso l'estremo sud-ovest del deposito, espandendo la mineralizzazione nota oltre il modello attuale del blocco minerario. L'azienda prevede di aggiornare la propria stima delle risorse minerarie nella prima metà del 2025.
Cassiar Gold Corp. (CGLCF) ha anunciado los resultados de siete perforaciones diamantadas de su programa de exploración 2024 en el proyecto Cassiar Gold en el norte de Columbia Británica. Los aspectos más destacados incluyen intercepciones significativas de oro en el depósito Taurus, con 201.8 metros de 0.53 g/t de oro desde la superficie y 19.7 metros de 6.84 g/t de oro, incluyendo muestras de alta ley de hasta 315.00 g/t de oro.
El programa de perforación 2024 comprendió 7,168 metros en 30 perforaciones, y estos resultados representan los últimos ensayos del depósito Taurus. La perforación ha extendido con éxito la mineralización desde la superficie en el extremo suroeste del depósito, ampliando la mineralización conocida más allá del modelo de bloque de recursos actual. La empresa planea actualizar su estimación de recursos minerales en la primera mitad de 2025.
Cassiar Gold Corp. (CGLCF)는 북부 브리티시컬럼비아의 Cassiar Gold 프로젝트에서 2024년 탐사 프로그램의 다이아몬드 드릴 홀 7개에 대한 결과를 발표했습니다. 주요 하이라이트로는 Taurus 광상에서의 중요한 금 확인이 포함되며, 특히 표면에서 0.53 g/t 금의 201.8 미터와 6.84 g/t 금의 19.7 미터, 고급 샘플은 최대 315.00 g/t 금을 포함합니다.
2024년 드릴 프로그램은 30개의 드릴 홀에서 총 7,168 미터로 구성되었으며, 이 결과는 Taurus 광상의 최종 분석을 나타냅니다. 드릴링은 광상의 남서쪽 끝에서 표면의 광물화가 성공적으로 확장되었으며, 결과적으로 현재 자원 블록 모델을 넘어서는 알려진 광물화 영역이 확장되었습니다. 회사는 2025년 상반기 내에 자원 추정치를 업데이트할 계획입니다.
Cassiar Gold Corp. (CGLCF) a annoncé les résultats de sept forages diamantés de son programme d'exploration 2024 au projet Cassiar Gold dans le nord de la Colombie-Britannique. Parmi les points forts, on note des intercepts significatifs d'or dans le gisement de Taurus, à savoir 201,8 mètres à 0,53 g/t d'or à partir de la surface et 19,7 mètres à 6,84 g/t d'or, y compris des échantillons de haute qualité allant jusqu'à 315,00 g/t d'or.
Le programme de forage de 2024 comprenait 7 168 mètres sur 30 forages, et ces résultats représentent les derniers essais du gisement de Taurus. Le forage a réussi à étendre la minéralisation à partir de la surface à l'extrémité sud-ouest du gisement, les résultats élargissant la minéralisation connue au-delà du modèle actuel de bloc de ressources. L'entreprise prévoit de mettre à jour son estimation des ressources minérales au cours du premier semestre 2025.
Cassiar Gold Corp. (CGLCF) hat die Ergebnisse von sieben Diamantbohrungen ihres Erkundungsprogramms 2024 im Cassiar Gold-Projekt im Norden von British Columbia bekannt gegeben. Zu den wichtigsten Highlights gehören bedeutende Goldabschnitte im Taurus-Vorkommen, namentlich 201,8 Meter mit 0,53 g/t Gold von der Oberfläche und 19,7 Meter mit 6,84 g/t Gold, einschließlich hochgradiger Proben von bis zu 315,00 g/t Gold.
Das Bohrprogramm 2024 umfasste 7.168 Meter über 30 Bohrlöcher, wobei diese Ergebnisse die letzten Analysen aus dem Taurus-Vorkommen darstellen. Das Bohren hat die Mineralisierung erfolgreich von der Oberfläche im südwestlichen Bereich des Vorkommens ausgeweitet, wobei die Ergebnisse die bekannte Mineralisierung über das aktuelle Ressourcenblockmodell hinaus erweitern. Das Unternehmen plant, seine Schätzung der Mineralressourcen in der ersten Hälfte von 2025 zu aktualisieren.
- Significant high-grade gold intercepts discovered, including 315.00 g/t Au over 0.4m
- Successful extension of mineralization beyond current resource boundaries
- Large mineralized intervals from surface, including 201.8m of 0.53 g/t Au
- Resource update planned for early 2025 incorporating new discoveries
- None.
Calgary, Alberta--(Newsfile Corp. - January 16, 2025) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") is pleased to announce results from an additional seven diamond drill holes of the 2024 exploration program at the Cassiar Gold project, located in northern British Columbia. Results from these drill holes extend mineralization from surface at the southwest extent of the Taurus deposit with common occurrence of high-grade samples within broader intercepts. The 2024 drill 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 results reported here are the final assay results from the Taurus deposit for 2024. Results are pending for three drill holes from the Newcoast prospect which lies 2.5 kilometres to the south.
Highlights:
Drill holes from the Taurus deposit reported here encountered significant intercepts above the 0.5 g/t Au cutoff of the 2022 Inferred Mineral Resource at Taurus1, with repeated occurrence of high-grade samples hosted within broader mineralized intervals. Results expand mineralization near surface and beyond the extent of the current resource block model.
Drilling intercepts are uncapped unless otherwise stated and represent apparent widths of mineralized zones. Drill hole composite intervals reported as 'capped' have undergone 1.5 m compositing and were subsequently capped at 20.00 g/t Au. A full summary of the latest results can be found in Table 1, and include:
- 201.8 m of 0.53 grams per tonne (g/t) Gold (Au) from surface in drill hole 24TA-229
- 19.7 m of 6.84 g/t Au (1.89 g/t Au capped), including 0.4 m of 315.00 g/t Au, in drill hole 24TA-232
- Multiple intercepts returned in drill hole 24TA-234 include:
- 16.5 m of 3.02 g/t Au from surface, including 0.5 m of 7.97 g/t Au and 5.0 m of 5.00 g/t Au
- 22.3 m of 0.62 g/t Au
- 10.3 m of 0.73 g/t Au, including 0.5 m of 6.56 g/t Au
- Drill hole 24TA-235:
- 4.3 m of 2.24 g/t Au from surface, and
- 6.7 m of 0.95 g/t Au, including 0.4 m of 7.17 g/t Au
- Drill hole 24TA-236:
- 15.5 m of 0.71 g/t Au from surface, and
- 21.9 m of 3.18 g/t Au (1.54 g/t capped), including 0.3 m of 184.50 g/t Au
- Drill hole 24TA-237:
- 34.7 m of 0.91 g/t Au from surface, including 2.7 m of 5.09 g/t Au
- 6.1 m of 2.04 g/t Au including 1.0 m of 9.34 g/t Au
"These latest results expand the physical limits of the mineralized system from surface at the Taurus deposit and highlight the ongoing potential to identify higher-grade trends in the area of the bulk-tonnage resource," stated Jill Maxwell, VP Exploration. "We look forward to assessing the impact of these and previous results from our recent drill campaigns at Taurus to an updated mineral resource estimate in the first half of 2025," added Marco Roque, President and Chief Executive Officer.
Figure 1. Cassiar North 2024 drill campaign drill hole location plan map of infill and expansion drilling at the Taurus deposit, with locations of drill holes reported within this news release contained within the blue outline (shown in detail in Figure 3). Drill hole numbers refer to holes with the prefix "24TA-". Historical production figures from Taurus MINFILE Production Detail Report, file number 104P 012, BC Geological Survey.
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Taurus Deposit
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. Since the most recent resource estimate in early 2022, additional drilling over three field seasons has continued to expand the footprint of mineralization at the deposit, which remained a priority for optimization and expansion during the 2024 exploration campaign. A total of 27 drill holes and 5,923 m were completed at the Taurus deposit this season.
Taurus Southwest Drill Holes
The latest drilling results reported in this news release are from seven holes totalling 1,374 m which were drilled at the southwestern extent of the Taurus deposit to evaluate the expansion potential of mineralization beyond the block model with up to 60m step outs, and in large gaps (up to 165 m) between resource blocks along key controlling structures (Figure 1). Several higher-grade sample intervals were intersected internal to broader mineralized intercepts (Table 1). These extend the distribution of near-surface mineralization south and east of previous drilling along an extensive east-northeast striking corridor of sheeted extensional vein sets within an associated prospective, Au-bearing carbonate-pyrite alteration halo.
Taurus Southwest: drill hole 24TA-229
Drill hole 24TA-229 (northwest-oriented), aimed to extend mineralization from surface through an eastward step out from the current block model in an area interpreted to have high potential to host a continuation of gold mineralization over extensive intervals. The results of this hole compliment those of 24TA-220 to its west (see NEWS RELEASE, November 12, 2024). Multiple intercepts were returned (Table 1; Figures 2,3):
- 201.8 m of 0.53 g/t Au from surface,
- including 0.4 m of 42.00 g/t Au,
- and 0.5 m of 3.46 g/t Au
These results confirm and extend mineralization eastward from surface over significant apparent widths, beyond the extent of the block model in an area with converging trends of the extensive east-northeast trending sheeted vein set and Taurus West Fault corridors.
Figure 2. Vertical section of drill hole 24TA-229 at Taurus Southwest, looking to the southwest. Assay results in red text are reported in this news release. Section width +/- 35 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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Taurus Southwest: Drill holes 24TA-232 through 24TA-237
Drill holes 24TA-232, 24TA-234, 24TA-233 (northwest oriented), 24TA-236, 24TA-237 (north oriented), and 24TA-235 (south-oriented) were designed to evaluate the potential for extensions of near-surface mineralization southward and parallel-to east-northeast trending sheeted vein sets with associated pyritic alteration halos beyond the boundary of the current resource block model.
All drill holes returned gold-mineralized intercepts, including 24TA-232 & 24TA-236 which encountered high grade samples with visible gold hosted within broader intervals. These drill holes expand the footprint of known mineralization near-surface and along strike at moderate depth to the south and southeast beyond the extent of the 2022 block model. Results include (Table 1; Figures 3,4,5):
- 19.7 m of 6.84 g/t Au (1.89 g/t Au capped) from 48.0 m downhole, including 0.4 m of 315.00 g/t Au with multiple specks of visible gold, in hole 24TA-232,
- Multiple intercepts returned in hole 24TA-236:
- 15.5 m of 0.71 g/t Au from surface,
- 8.5 m of 0.96 g/t Au from 95.1 m downhole, including 1.3 m of 4.44 g/t Au with 0.4 m of 6.31 g/t Au,
- 21.9 m of 3.18 g/t Au (1.54 g/t Au capped) from 120.8 m downhole, including 0.3 m of 184.5 g/t Au with multiple specks of visible gold
- Drill hole 24TA-234:
- 16.5 m of 3.02 g/t Au from surface, including 0.5 m of 7.97 g/t Au and 5.0 m of 5.00 g/t Au
- 22.3 m of 0.62 g/t Au from 53.3 m downhole, and
- 10.3 m of 0.73 g/t Au from 110.3 m downhole, including 0.5 m of 6.56 g/t Au
- 34.7 m of 0.91 g/t Au from surface, including 2.7 m of 5.09 g/t Au with 0.6 m of 12.85 g/t Au, and 6.1 m of 2.04 g/t Au from 70.4 m, including 1.0 m of 9.34 g/t Au with 0.5 m of 14.75 g/t Au in hole 24TA-237, and
- Drill hole 24TA-235:
- 4.3 m of 2.24 g/t Au from surface,
- 6.7 m of 0.95 g/t Au from 26.3 m downhole, including 0.4 m of 7.17 g/t Au, and
- 6.5 m of 0.51 g/t Au from 45.4 m downhole
Figure 4. Visible gold in drill holes 24TA-232 and 24TA-236 observed in quartz veins hosted in Fe-carbonate-sericite altered and sulphide-mineralized basalt.
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Figure 5. Vertical section of drill holes 24TA-236 and 24TA-237 at Taurus Southwest, looking to the east. Assay results in red are reported in this news release. Section width +/- 30 m.
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Summary
Drilling at the southwestern extent of the Taurus deposit continues to demonstrate greater continuity of near-surface mineralization along the main east-northeast striking sheeted vein sets and Taurus West Fault corridors than defined by the 2022 mineral resource estimate. Collectively, these drill holes highlight the potential for the ongoing expansion of near-surface mineralization within an expanded open pit shell the footprint.
The drill holes reported here increase the population of high-grade, visible gold-bearing veins within the deposit, such as drill hole 24TA-232 which delivered 0.4 m grading 315.00 g/t Au and 24TA-236 with 184.50 g/t Au over 0.3 m nested in broader intercepts (Table 1). The technical team continues to evaluate the distribution of these higher-grade results within specific higher-grade domains in advance of a resource update in early 2025.
Table 1. Significant 2024 drilling results from Taurus Deposit 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. Drill hole intercepts reported as 'capped' have been composited to 1.5 m and subsequently capped to 20.00 g/t Au where relevant.
| Target Area | Drill Hole | From (m) | To (m) | Length* (m) | Grade - uncapped (g/t Au) | Grade - composited to 1.5 m and capped at 20 g/t (Au) | |
| Taurus Southwest | 24TA-229 | 4.3 | 206.1 | 201.8 | 0.53 | 0.53 | |
| incl. | 81.9 | 82.3 | 0.4 | 42.00 | - | ||
| and | 84.1 | 84.6 | 0.5 | 3.46 | - | ||
| 232.4 | 238.3 | 5.9 | 0.79 | 0.79 | |||
| 298.3 | 315.0 | 16.7 | 0.86 | 0.86 | |||
| incl. | 303.6 | 305.0 | 1.4 | 3.07 | 3.07 | ||
| 332.6 | 334.5 | 1.9 | 1.08 | 1.08 | |||
| 24TA-232 | 48.0 | 67.7 | 19.7 | 6.84 | 1.89 | ||
| incl. | 52.1 | 52.5 | 0.4 | 315.00 | - | ||
| 90.9 | 102.1 | 11.2 | 0.57 | 0.57 | |||
| incl. | 101.1 | 101.6 | 0.5 | 3.54 | - | ||
| 126.0 | 129.5 | 3.5 | 0.73 | 0.73 | |||
| 24TA-233 | 54.9 | 56.3 | 1.4 | 1.09 | - | ||
| 24TA-234 | 14.0 | 30.5 | 16.5 | 3.02 | 3.02 | ||
| incl. | 14.0 | 14.5 | 0.5 | 7.97 | - | ||
| and | 17.0 | 22.0 | 5.0 | 5.00 | - | ||
| with | 17.0 | 17.5 | 0.5 | 10.45 | - | ||
| and | 18.0 | 18.6 | 0.6 | 13.15 | - | ||
| incl. | 28.8 | 29.4 | 0.6 | 6.06 | - | ||
| 42.2 | 46.3 | 4.1 | 0.53 | 0.53 | |||
| 53.3 | 75.6 | 22.3 | 0.62 | 0.62 | |||
| 110.3 | 120.6 | 10.3 | 0.73 | 0.73 | |||
| incl. | 115.0 | 115.5 | 0.5 | 6.56 | - | ||
| 202.6 | 204.0 | 1.4 | 0.91 | 0.91 | |||
| 24TA-235 | 11.4 | 15.7 | 4.3 | 2.24 | 2.24 | ||
| 26.3 | 33.0 | 6.7 | 0.95 | 0.95 | |||
| incl. | 32.6 | 33.0 | 0.4 | 7.17 | - | ||
| 45.4 | 51.9 | 6.5 | 0.51 | 0.51 | |||
| 71.3 | 72.7 | 1.4 | 1.06 | 1.06 | |||
| 24TA-236 | 11.5 | 27.0 | 15.5 | 0.71 | 0.71 | ||
| incl. | 14.6 | 15.4 | 0.8 | 3.42 | - | ||
| and | 25.4 | 26.0 | 0.6 | 3.38 | - | ||
| 38.3 | 38.7 | 0.4 | 2.38 | - | |||
| 95.1 | 103.6 | 8.5 | 0.96 | 0.96 | |||
| incl. | 95.1 | 96.4 | 1.3 | 4.44 | - | ||
| with | 95.6 | 96.0 | 0.4 | 6.31 | - | ||
| 120.8 | 142.7 | 21.9 | 3.18 | 1.54 | |||
| incl. | 137.3 | 137.7 | 0.4 | 3.15 | - | ||
| and | 137.7 | 138.0 | 0.3 | 184.50 | - | ||
| 24TA-237 | 9.3 | 44.0 | 34.7 | 0.91 | 0.91 | ||
| incl. | 9.3 | 12.0 | 2.7 | 5.09 | - | ||
| with | 10.6 | 11.2 | 0.6 | 12.85 | - | ||
| incl. | 20.6 | 21.0 | 0.4 | 3.76 | - | ||
| 70.4 | 76.5 | 6.1 | 2.04 | 2.04 | |||
| incl. | 75.0 | 76.0 | 1.0 | 9.34 | - | ||
| with | 75.0 | 75.5 | 0.5 | 14.75 | - | ||
| 110.6 | 115.4 | 4.8 | 0.51 | 0.51 | |||
| 126.6 | 127.5 | 0.9 | 2.98 | - | |||
| incl. | 126.6 | 127.1 | 0.5 | 4.96 | - | ||
| * 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 Cassiar Gold (CGLCF) at the Taurus deposit?
How many meters were drilled in CGLCF's 2024 exploration program?
When will CGLCF release an updated mineral resource estimate for the Taurus deposit?
What is the current resource size of CGLCF's Taurus Deposit?
