Business
Cassiar Gold Corp. Intercepts 2.84 g/t Au over 12.3 m, 1.79 g/t Au over 23.75 m, and 29.1 g/t Au over 0.45 m at Taurus Bulk-Tonnage Gold Deposit
Hong Kong, Hong Kong and Calgary, Alberta--(Newsfile Corp. - November 10, 2020) - Cassiar Gold...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Cassiar Gold Corp. Intercepts 2.84 g/t Au over 12.3 m, 1.79 g/t Au over 23.75 m, and 29.1 g/t Au over 0.45 m at Taurus Bulk-Tonnage Gold DepositHong Kong, Hong Kong and Calgary, Alberta--(Newsfile Corp. - November 10, 2020) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQB: CGLCF) (\"Cassiar\" or the \"Company\") is pleased to announce assay results for seven diamond drillholes from its recently completed 2020 drill program on its 100%-owned Cassiar Gold Property in northern British Columbia, Canada. The primary goal of this drill program was to continue to confirm and expand the 43-101 inferred near-surface resource of 1 million ounces at 1.43 g/t Au estimated at Taurus in 2019 (see Company news release, September 11, 2019). The remaining 17 drillholes from the program will be reported pending receipt and confirmation of results.Highlights23.75 m at 1.79 g/t Au and 4.80 m at 3.90 g/t Au returned from undrilled near-surface gap in bulk-tonnage resourceInfill drilling provides additional geological confidence and confirms historical drill results for the Taurus gold deposit, including 14.85 m at 2.27 g/t Au at surface \"This first set of results are extremely positive and significant to us. They all contained gold mineralization, confirmed and added confidence to historical results, and have the potential to add near surface ounces to our already significant resource. I am very excited to see the next batches of results which will be received over the following weeks. Our strategy is to continue exploring and expanding the Taurus Deposit while we shift our focus toward the high-grade targets at South Cassiar, a few kilometers south of Taurus and a former high-grade gold producer hosting a high-grade historic resource. With the addition of David Rhys and Doug Kirwin to our Technical Advisory Board and the closing of our private placement of CAD 6,65M our company has the direction and funding needed to continue drilling at both Taurus and our high grade targets at South Cassiar, as we look to establish Cassiar Gold as a multimillion ounce district scale gold project,\" commented Marco Roque, CEO of Cassiar Gold.Taurus Deposit Drilling SummaryThe drillholes were planned to confirm historical diamond drilling and reverse circulation (RC) drilling results, or to infill gaps within the 2019 Taurus bulk-tonnage resource model. Results are report...