Cassiar Gold Corp. Announces Exploration Agreement with Dease River First Nation
Cassiar Gold enters a formal exploration and benefit-sharing framework with Dease River First Nation, including a 500,000-unit equity and warrant grant.
Rhea-AI Summary
Cassiar Gold Corp. (CGLCF) has signed an Exploration Agreement with the Dease River First Nation covering the Cassiar Gold Project in northern British Columbia.
The Agreement establishes a collaborative framework for responsible exploration, including recognition of Indigenous rights, integration of traditional knowledge, and joint environmental stewardship measures. It also commits to employment, training, and contracting opportunities for Dease River First Nation members and businesses, along with regular engagement through communication channels and joint committees.
As part of the Agreement, Cassiar Gold will issue 500,000 units, each consisting of one common share and one non-transferable warrant exercisable at $0.65 for 12 months, subject to TSX Venture Exchange approval and a four‑month‑plus‑one‑day hold period. The release also outlines existing mineral resource estimates and historical production at the Cassiar North and Cassiar South project areas.
Positive
- 500,000 units to Dease River First Nation align interests via shares and 12‑month $0.65 warrants
- Cassiar North Taurus deposit MRE: 410,000 oz indicated and 1.93 Moz inferred of gold
- Historical Cassiar South mines produced 315,000+ oz Au at 10–20 g/t, indicating high-grade potential
- Formal agreement may improve project certainty through structured Indigenous engagement and environmental oversight
Negative
- Issuance of 500,000 new units introduces some equity dilution for existing shareholders
- Warrants at $0.65 for 12 months could add further dilution if fully exercised
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2026) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") is pleased to announce the signing of an Exploration Agreement (the "Agreement") with the Dease River First Nation, whose traditional territory encompasses the Cassiar Gold Project in northern British Columbia. This Agreement establishes a collaborative framework for responsible mineral exploration and development, ensuring mutual benefits, respect for Indigenous rights, and environmental stewardship.
Exploration Agreement Overview
The Agreement formalizes the relationship between Cassiar Gold and the Dease River First Nation, providing a foundation for ongoing engagement, communication, and cooperation throughout the exploration lifecycle. Key elements of the Agreement include:
- Respect for Indigenous Rights and Traditional Knowledge: The Agreement recognizes the Dease River First Nation's rights and interests in their traditional territory and incorporates traditional knowledge into exploration planning and environmental management.
- Employment, Training, and Business Opportunities: Cassiar Gold commits to providing employment, training, and contracting opportunities for Dease River First Nation members and businesses, supporting local economic development.
- Environmental Stewardship: Both parties will collaborate on environmental protection measures, monitoring, and reclamation activities to ensure responsible exploration practices.
- Ongoing Engagement: The Agreement establishes regular communication channels and joint committees to address concerns, share information, and review project progress.
Strengthening Partnerships for Sustainable Development
The signing of this Agreement marks a significant milestone in Cassiar Gold's commitment to building respectful, long-term partnerships with Indigenous communities. It reflects the Company's dedication to advancing its exploration activities in a manner that is inclusive, transparent, and aligned with the values and aspirations of the Dease River First Nation.
"The signing of this agreement marks an important step toward a mutually respectful partnership with Cassiar Gold," said Chief Myles Manygreyhorses of the Dease River First Nation. "By balancing exploration activity with strong environmental oversight and direct opportunities for our members and local businesses, we are establishing a path forward that aligns with the long-term priorities of Dease River First Nation."
"We are honoured to enter into this Exploration Agreement with the Dease River First Nation," said Marco Roque, President and Chief Executive Officer of Cassiar Gold Corp. "This partnership is a testament to our shared commitment to responsible resource development, environmental stewardship, and the creation of lasting benefits for local communities. We look forward to working closely with the Dease River First Nation as we advance exploration at the Cassiar Gold Project, ensuring that our activities respect Indigenous rights and contribute positively to the region."
The Agreement provides that the Company will issue to the Dease River First Nation, subject to the approval of the TSX Venture Exchange, 500,000 units of Cassiar Gold ("Units") with each Unit being comprised of one common share of Cassiar Gold (each, a "Unit Share") and one non-transferable common share purchase warrant (each, a "Warrant") entitling the Dease River First Nation to purchase one additional common share of Cassiar Gold (each, a "Warrant Share") at a price of
About Cassiar Gold Corp.
Cassiar Gold Corp. is a Canadian gold exploration company holding a
Cassiar North, which hosts an updated Mineral Resource Estimate (MRE) for the Taurus deposit prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in NI 43-101. The pit-constrained MRE contains Indicated Mineral Resources of 8.8 million tonnes (Mt) at 1.43 grams per tonne gold (g/t Au) for 410,000 ounces of gold in addition to Inferred Mineral Resources of 63.2 Mt at 0.95 g/t Au for 1.93 million ounces (Moz) of gold using a 0.4 g/t Au cut-off grade;
91% of ounces occur within 150 m of surface (see NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025); andCassiar 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 (NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025), underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.
The Company also holds a
Qualified Persons
Jill Maxwell, P.Geo., Cassiar Gold Corp.'s VP Exploration, who is a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the technical information in this press release.
Cassiar Gold Corp. acknowledges, respects, and supports the rights of Traditional First Nations in the lands and communities where we operate.
CONTACT INFORMATION
Jason Shepherd
VP Investor Relations Cassiar Gold Corp.
E-mail: jasons@cassiargold.com
Phone: 250-212-2122
Forward-Looking Statements
This press release may contain forward looking statements including those describing Cassiar Gold's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Cassiar Gold and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to: the receipt of TSX Venture Exchange approval; the payment of the financial commitments and the issuance of Units to the Dease River First Nation; the anticipated benefits of the Agreement with the Dease River First Nation; the Company's exploration plans and work commitments; inferred mineral resources, the potential of eventual economic extraction of minerals from the project; the identification of future mineral resources at the project; and the Company's ability to convert existing mineral resources into categories of mineral resources or mineral reserves of increased geological confidence.
Although Cassiar Gold believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, general economic, market or business conditions, risks associated with the exploration and development industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry or tax incentives associated with exploration in the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.
Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315375
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the main commitments outlined in the Exploration Agreement with Dease River First Nation?
The Agreement includes recognition of Dease River First Nation rights and interests, incorporation of traditional knowledge into exploration planning and environmental management, commitments to employment, training, and contracting opportunities for community members and businesses, collaborative environmental protection, monitoring and reclamation, and regular engagement through communication channels and joint committees to address concerns and review project progress.
What are the detailed terms of the units and warrants issued to Dease River First Nation?
Cassiar Gold will issue 500,000 units, each comprising one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.65 for 12 months from the date of issuance. The unit shares, warrants, and warrant shares will be subject to a Canadian hold period of four months and one day from the unit issuance date, plus contractual trading restrictions, and the issuance is subject to TSX Venture Exchange approval.
What mineral resources are currently reported at the Cassiar North Taurus deposit?
The Cassiar North Taurus deposit has a pit-constrained Mineral Resource Estimate with indicated resources of 8.8 million tonnes at 1.43 g/t gold for 410,000 ounces and inferred resources of 63.2 million tonnes at 0.95 g/t gold for 1.93 million ounces, using a 0.4 g/t gold cut-off grade. The company reports that 91% of ounces occur within 150 metres of surface.
What historical production and exploration potential are highlighted for Cassiar South?
Cassiar South hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in this area have produced over 315,000 ounces of gold at average head grades between 10 and 20 g/t gold, which the company states underscores the potential for further discovery and expansion of high-grade orogenic gold veins.
Who is the Qualified Person for the technical information in this announcement?
Jill Maxwell, P.Geo., Cassiar Gold's Vice President of Exploration, is identified as the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical information in the announcement.