Business
Cassiar Gold Intersects 237.6 m of 0.69 g/t Au, Including 8.3 m of 2.39 g/t Au, at Cassiar South
Calgary, Alberta--(Newsfile Corp. - November 1, 2023) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: ...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Cassiar Gold Intersects 237.6 m of 0.69 g/t Au, Including 8.3 m of 2.39 g/t Au, at Cassiar SouthCalgary, Alberta--(Newsfile Corp. - November 1, 2023) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the \"Company\") is pleased to announce assay results from an additional eight diamond drill holes from its recently completed 2023 exploration program. The results reported here are from the Main Mine and Bain targets located in the Cassiar South area of the Company's flagship Cassiar Gold Property in northern British Columbia. The 2023 Cassiar South drilling program is part of a continuing effort to further explore for a) new parallel veins associated with the high-grade, historically producing mines at Cassiar South, and b) fault offsets of past producing vein systems. Results remain pending for 21 drill holes totaling 7,588 metres (m) of drilling from the 2023 program. Highlights:The latest drilling results reported in this news release are from eight holes totaling 3,200 m from the Cassiar South project area (Figure 1), which were drilled near the historically producing Main Mine and Bain-Cusac areas (see results in Table 1).Drill hole 23MM-004 at the Main Mine area intersected a broad mineralized intercept which supports the interpretation of a more extensive mineralizing system than previously identified by the 2022 drill program, returning long intervals of mineralization including:237.6 m of 0.67 g/t Au from 139.2 m downhole, including 8.3 m of 2.39 g/t Au with 1.4 m of 5.93 g/t Au, extending mineralization to vertical depths 150 m beyond the extent of intercepts identified in 2022 drill holes.Drill hole 23WB-204 near West Bain encountered veining and mineralization 120 m east of historical drilling and coincident with a VLF anomaly that occurs to the north and parallel to the Bain vein system.All holes drilled at Cassiar South intersected gold-bearing quartz veins across target areas reported in this news release.\"Our 2023 program at Cassiar South encountered gold mineralization in all drill holes and we are pleased to have expanded mineralization at the Main and Bain vein systems with these most recent results, which suggest the potential for broader, bulk areas of mineralization than historically encountered at Cassiar South,\" stated Marco Roque, CEO of Cassiar Gold Corp. \"The Cassiar South vein systems lie within an ...