Business
Cassiar Gold Expands Mineralization at the Taurus Deposit Near-Surface and at Depth Intersecting 98.0m of 1.28 g/t Au and 70.7m of 0.76 g/t Au
Calgary, Alberta--(Newsfile Corp. - January 17, 2023) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: ...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Cassiar Gold Expands Mineralization at the Taurus Deposit Near-Surface and at Depth Intersecting 98.0m of 1.28 g/t Au and 70.7m of 0.76 g/t AuCalgary, Alberta--(Newsfile Corp. - January 17, 2023) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the \"Company\") is pleased to announce assay results from an additional seven diamond drill holes from 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 23,000 m of diamond drilling that began in June and ended in October 2022. The exploration objective focused on high-priority areas of the Taurus Deposit, important vein prospects at Cassiar South and other brownfields opportunities on the property. Cassiar Gold continues to concentrate its efforts on advancing exploration of the project through the expansion and definition of known areas of mineralization as well as the evaluation for the potential of new discoveries on its large land position which contains numerous gold prospects that have had limited historical testing. The results reported here further outline additional areas of mineralization that expand the deposit footprint beyond the limits of the 2022 Inferred resource estimate1 and further define mineralization continuity in the west and northwest areas of the Taurus Deposit. The deposit remains open in all lateral directions as well as at depth.Highlights from the Taurus West and Taurus Northwest areas:Taurus West drill hole 22TA-176 intersected 98.00 m of 1.28 g/t Au from 10.7 m downhole, including 4.10 m grading 12.02 g/t Au, and expanding mineralization within a large under-explored area between resource blocks within the 2022 inferred mineral resource open pit shell.Drill hole 22TA-178 in the Taurus West area returned multiple intervals of gold mineralization, extending mineralization between resource blocks. Intercepts include:52.0 m of 0.60 g/t Au from 51.4 m downhole, and 70.7 m of 0.76 g/t Au from 116.0 m downhole, including 7.6 m of 2.02 g/t AuAll four drill holes completed at Taurus Northwest area (holes 22TA-154, 22TA-151, 22TA-156 and 22TA-157) encountered multi-metre intercepts above the resource cut-off grade. These include:11.4 m grading 2.64 g/t Au, which extends the di...