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Cassiar Gold Expands Mineralization at the Taurus East Area, with Initial Assays of the 2022 Program Intersecting 1.50 g/t Au over 22.2 m and 4.47 g/t Au over 10.5 m
Calgary, Alberta--(Newsfile Corp. - September 13, 2022) - Cassiar Gold Corp. (TSXV: GLDC) (OT...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Cassiar Gold Expands Mineralization at the Taurus East Area, with Initial Assays of the 2022 Program Intersecting 1.50 g/t Au over 22.2 m and 4.47 g/t Au over 10.5 mCalgary, Alberta--(Newsfile Corp. - September 13, 2022) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the \"Company\") is pleased to announce assay results from seven initial diamond drill holes of the 2022 exploration program. The results reported are from the ongoing drill program at the Taurus Deposit located in the Cassiar North area of the Company's flagship Cassiar Gold Property in northern British Columbia, Canada. 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 and is a priority target for further expansion and definition by the current exploration campaign. These first results from the eastern portion of the Taurus Deposit (Figure 1) confirm the potential for the resource to extend significantly eastward, well outside of the current resource footprint. Highlights:Drillhole 22TA-142 intersected 22.2 m of 1.50 g/t Au from 129.8 m downhole, including 0.75 m of 9.61 g/t Au, extending known mineralization northward in the hangingwall of the Decline Fault.Drillhole 22TA-146 intersected 10.5 m of 4.47 g/t Au from 12.9 m downhole, including 3.3 m of 11.1 g/t Au with 0.5 m of 45.30 g/t Au. All drillholes reported in this release intersected multi-meter intercepts of gold mineralization above the 0.5 g/t Au cutoff grade of the 2022 Inferred Mineral Resource at Taurus, including up to 700 m east and 450 m south of modeled grade shells. \"Initial reports from our 2022 drill program at the Taurus Deposit have delivered strong first results and highlight an important potential for expanding the deposit well beyond the extents of the current resource,\" stated Marco Roque, CEO of Cassiar Gold Corp. \"Our programs to date coupled with these results provide new insight for our targeting and open up sizeable areas for additional exploration. Our 2022 drill program is our largest drilling campaign to date, and we look forward to reporting additional results in the coming weeks.\"2022 Cassiar North Drill Program at Taurus DepositThe ongoing 2022 Cassiar North Drill Program has been largely focused on the Taurus Deposit area where 32 drillholes totaling 10,180 m have been...