Cassiar Gold intersects 0.84 g/t gold over 113.0 metres from surface and extends near-surface mineralization at Taurus Deposit, British Columbia
Cassiar Gold Corp. [TSXV: GLDC; OTCQX: CGLCF] reported results from an additional five diamond drill holes of the 2024 exploration program at the Cassiar Gold project, northern British Columbia. Results from these drill holes expand and confirm continuity of near-surface mineralization at the Southwest and Sable areas of the Taurus deposit.
The recently concluded 2024 exploration program comprised 7,168 metres of diamond drilling over 30 drill holes, geophysics, mapping and sampling at the Cassiar Gold Property. Results remain pending for 19 drill holes.
Highlights: All drill holes reported in this release encountered reportable intercepts of mineralization above the 0.5 g/t gold cutoff of the 2022 Inferred Mineral Resource at Taurus, extending near surface mineralization and confirming continuity within the deposit.
The latest results include 113.0 m of 0.84 g/t Au from surface in drill hole 24TA-220. Multiple intercepts returned in drill hole 24TA-216: 18.8 m of 1.29 g/t Au; 46.2 m of 0.58 g/t Au; 39.3 m of 0.94 g/t Au including 0.5 m of 40.70 g/t Au; 32.4 m of 0.51 g/t Au in drill hole 24TA-228 and 39.7 m of 0.57 g/t Au and 17.3 m of 0.52 g/t Au in drill hole 24TA-211.
“We are pleased to share these latest results, which expand mineralization and reinforce the consistent and continuous nature of near surface mineralization we see at the Taurus deposit, lending further support to our interpretation of controls on the distribution of bulk-tonnage mineralization at Taurus.” stated Marco Roque, President and CEO. “With results pending from nineteen drill holes from the 2024 program, we look forward to sharing further insight into the scale of mineralization at the Cassiar Gold Property as we work to advance our property resource base and exploration strategy.”
The Taurus Deposit hosts a substantial near-surface, bulk-tonnage Inferred gold resource of 1.4 million ounces grading 1.14 g/t gold which remains open. Since the early 2022 resource estimate, additional drilling has continued to expand the footprint of mineralization at the deposit, which remained a priority for optimization and expansion during the 2024 exploration campaign. A total of 27 drill holes and 5,923 m were completed at the Taurus deposit in 2024.
Taurus Southwest and Sable Drill Holes: The latest drilling results reported in this news release are from five holes totalling 1,379 metres which were drilled at the Southwest and Sable areas of the Taurus deposit to evaluate the continuity of near-surface mineralization in untested areas between and outside of the current resource blocks along key structural trends.
Collectively, the drilling intercepts lie within and up to 50 m beyond the existing footprint of the inferred mineral resource, further defining the continuity of, and extending, mineralization along established corridors.
Taurus Southwest: Drill holes 24TA-220, 24TA-216, and 24TA-228: Drill holes 24TA-220, 24TA-216, and 24TA-228 (northwest oriented) at Taurus Southwest aimed to extend near-surface mineralization and increase confidence in untested areas in gaps between resource blocks from the 2022 resource model along key structural trends at 50 m drill hole spacing. Multiple intercepts were returned, including 113.0 m of 0.84 g/t Au from surface , including 0.6 m of 15.75 g/t Au , and 9.9 m of 0.84 g/t Au from 129.9 m downhole in hole 24TA-220 , which was designed as follow up to previous recent drilling including drill hole 23TA-204; 46.2 m of 0.58 g/t Au from 200.2 m downhole and 39.3 m of 0.94 g/t Au from 258.3 m downhole, including 0.5 m of 40.70 g/t Au, in 24TA-216 , and 32.4 m of 0.51 g/t Au from 90.3 m downhole in 24TA-228.
These results confirm the distribution of near-surface mineralization and extend mineralization beyond the block model at moderate depth, as well as within areas between resource blocks along both north-northwest and east-west trending mineralization-controlling structural corridors.
Drill holes at Taurus continue to return narrow high-grade intervals encompassed within broad intercepts of bulk-tonnage mineralization in many parts of the deposit as reported here (24TA-216; 24TA-220) and in recently reported drill holes 24TA-212 and 24TA-213.
Sable: Drill holes 24TA-211 and 24TA-217: Drill holes 24TA-211 and 24TA-217 (northeast oriented) at the Sable area of the Taurus deposit were designed to evaluate the potential for extensions of near-surface mineralization, as well as test the continuity of mineralization at moderate depths in gaps between resource blocks thought to be attributed to widely spaced previous drilling.
Drill hole 24TA-211 encountered a near-surface multi-metre intercept of gold mineralization at depths shallower than the current resource blocks and successfully intersected mineralization within the gap between resource blocks, extending mineralization over broad intervals where it was not previously defined. Drill hole 24TA-217 confirmed the continuity of near-surface mineralization. Results included 39.7 m of 0.57 g/t Au from 26.7 m downhole, 17.3 m of 0.52 g/t Au from 94.8 m, and 8.1 m of 1.11 g/t Au from 147.1 m downhole in hole 24TA-211.
Drilling at Sable highlights the potential for the ongoing expansion of near-surface mineralization at the eastern extent of the current mineral resource estimate within the footprint of the 2022 Taurus resource pit shell model.
Cassiar Gold has a 100% interest in its flagship Cassiar Gold Property. The property spans 590 km2 and consists of two main project areas: Cassiar North, which hosts a NI 43-101-compliant inferred resource estimate of 1.4Moz at 1.14 g/t Au (cutoff grade of 0.5 g/t Au) known as the Taurus Deposit and Cassiar South, which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au, underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.