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Cassiar Gold Expands Mineralization at Taurus East Intersecting 6.6 m of 22.44 g/t Au from Surface and Reports Multi-Metre Intervals of Gold Mineralization from Wings Canyon
Calgary, Alberta--(Newsfile Corp. - March 3, 2023) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGL...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Cassiar Gold Expands Mineralization at Taurus East Intersecting 6.6 m of 22.44 g/t Au from Surface and Reports Multi-Metre Intervals of Gold Mineralization from Wings CanyonCalgary, Alberta--(Newsfile Corp. - March 3, 2023) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the \"Company\") is pleased to announce assay results from an additional eight diamond drill holes from the 2022 exploration program completed on exploration targets near the eastern portions of the Taurus deposit, located on Company's flagship Cassiar Gold Property. The Taurus Deposit hosts a substantial near-surface, bulk-tonnage, and pit-constrained inferred gold resource of 1.4 million ounces grading 1.14 g/t Au1. Drill holes reported here are from targets that lie 700 m east of the resource in the Taurus East area as well as at the Wing Canyon area, 500 m southeast of the Taurus resource (Figure 1; Table 1). This drilling was designed to test for extensions of mineralization at the eastern extent of the Taurus deposit and expand known mineralization at the sparsely drill tested Wings Canyon area, where broad areas of alteration and mineralization have previously been identified. The reported drill holes form part of Cassiar Gold's 2022 exploration program, which included 70 drill holes and over 23,000 m of diamond drilling that was completed between June and October 2022. Exploration was focused on strategic areas of the Taurus Deposit, key vein prospects in the Cassiar South area and other brownfields opportunities on the property (Figure 1). Results from 37 drill holes which cumulatively total 12,867 metres of drilling from the 2022 program are yet to be disclosed as the company continues to await the return of additional assay results. Highlights from the Taurus East and Wings Canyon areas:Taurus East drill hole 22TA-167 intersected 13.7 m of 2.24 g/t Au, including 2.7 m of 7.21 g/t Au, extending mineralization 40 m below previously reported 2022 drilling. Drill hole 22TA-169 in the Taurus East area returned 6.6 m of 22.44 g/t Au from surface, including 0.8 m of 174.50 g/t Au, extending mineralization eastward from the historical Taurus mine. All drill holes at the Wings Canyon area (22WC-200 to 22WC-204) encountered multi-metre intervals of gold mineralization, extending known mineralization beyond the extent of the previous drilling near surface and ...