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Cassiar Gold Intersects 95.3 m of 0.90 g/t Au at Newcoast Regional Prospect and Identifies New Gold-Bearing Quartz Veins at Lucky
Calgary, Alberta--(Newsfile Corp. - January 18, 2024) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: ...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Cassiar Gold Intersects 95.3 m of 0.90 g/t Au at Newcoast Regional Prospect and Identifies New Gold-Bearing Quartz Veins at LuckyCalgary, Alberta--(Newsfile Corp. - January 18, 2024) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the \"Company\") is pleased to announce results from an additional eight diamond drill holes - totaling 2,812 m - from the 2023 exploration program at the Cassiar Gold Project, located in northern British Columbia. These results from new regional drilling highlight the additional targets on the property outside of the main deposits, and have identified new gold-bearing vein sets. The Cassiar Gold Property hosts several regional prospects with potential to host Taurus-style mineralization in outlying areas to the Taurus bulk-tonnage Inferred gold resource of 1.4 million ounces grading 1.14 grams per tonne (g/t) gold (Au)[1]. Separate to the results reported here, results remain pending for six drill holes totaling 1,666 metres (m) of drilling from the 2023 program at the Taurus West target area.Highlights:Results reported here are from the Newcoast prospect, located 2.5 km southeast of the Taurus deposit, and the Lucky area, located at higher elevation 4 km northwest of the Taurus deposit.All drill holes at the Newcoast prospect encountered multi-metre intercepts of mineralization above 0.5 g/t Au and successfully expanded a broad, sparsely drill-tested mineralized zone at this target. Results include: 136.8 m of 0.71 g/t Au from 222.6 m downhole, including 95.3 m of 0.90 g/t Au, which contains internal intercepts of 6.9 m of 1.22 g/t Au, 16.0 m of 1.39 g/t Au, and 8.4 m of 1.35 g/t Au in drill hole 23NC-00467.8 m of 0.60 g/t Au from 179.4 m downhole, including 1.1 m of 7.86 g/t Au and 0.8 m of 7.07 g/t Au in drill hole 23NC-005 Drilling at the Lucky prospect encountered the continuation of a gold-bearing quartz vein identified at surface during the 2023 field season. \"We are pleased to see that results of our initial regional program reinforce our targeting concepts across the property.\" stated Marco Roque, CEO of Cassiar Gold Corp. \"Our additional early-stage targets and potential for new discovery in the under-explored Cassiar district provides notable upside to our existing resource base.\" Figure 1. Cassiar North 2023 drill campaign drill hole locations plan map of regional drill holes relativ...