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Cassiar Gold Reports Remaining 2021 Cassiar South Drill Results; Expands Known High-Grade Mineralization at Bain Vein
Calgary, Alberta--(Newsfile Corp. - May 19, 2022) -   Cassiar Gold Corp. (TSXV: GLDC) (OT...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Cassiar Gold Reports Remaining 2021 Cassiar South Drill Results; Expands Known High-Grade Mineralization at Bain VeinCalgary, Alberta--(Newsfile Corp. - May 19, 2022) -  Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the \"Company\" or \"Cassiar Gold\") is pleased to announce assay results for the remaining 13 drillholes completed at the Cassiar South project area as part of its 2021 diamond drill program at the Company's flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar South project area hosts a multitude of shear vein targets and several past-producing underground mines that have historically produced over 315,000 ounces of gold grading between 10 to 20 g/t Au[1]. Summary & Highlights:The Cassiar South drill program targeted lateral and down-dip extensions of known or previously mined veins as well as areas where favourable geology and vein periodicity suggest potential for the discovery of new high-grade veins. Of the 13 holes reported in this press release, 12 intersected gold-bearing quartz veins containing anomalous to high-grade gold at four vein system targets: Bain, Cusac, Bridge and Hot. Drill results from the Bain vein system suggest a mineralized trend of over 470 m in strike length beyond historical workings with intercepts of 2.4 m of 11.89 g/t Au, including 0.6 m of 42.40 g/t, from hole 21EB-303; and 4.6 m of 3.27 g/t Au from Drillhole 21EBX-101.Drilling at the Cusac vein encountered 3.2 m at 4.65 g/t Au, including 1.3 m at 10.71 g/t Au in Drillhole 21CU-401A. This intercept forms part of an unmined vein which lies adjacent to the former Cusac mine workings.All vein systems hold significant potential for higher grade gold discoveries with continued lateral expansion of mineralization as well as extension of mineralization at depth. The Company plans to drill 5,000 m at Cassiar South in 2022 to target new parallel and stacked vein systems. \"The Cassiar South project area hosts multiple unmined veins close to historical workings and the 2021 program successfully confirmed our understanding of the critical structures that control the distribution of gold mineralization with 18 out of 19 drillholes hitting quartz veins containing anomalous to high-grade gold,\" stated Marco Roque, President and CEO of Cassiar Gold. \"We are thrilled to have expanded known gold mineralization a...