Cassiar Gold Provides 2025 Exploration Campaign Update & Files New NI43-101 Technical Report on the Cassiar Gold Property
Cassiar Gold (OTCQX:CGLCF) has announced significant updates for its Cassiar Gold Property in British Columbia, including a new NI43-101 technical report and 2025 exploration progress. The updated mineral resource estimate shows Indicated Resources of 410,000 ounces (8.8 Mt at 1.43 g/t Au) and Inferred Resources of 1.93 million ounces (63.2 Mt at 0.95 g/t Au) at a 0.4 g/t Au cutoff.
The company's 2025 drill campaign has been expanded from 5,000m to 7,000m, with 5,211m already completed across the Cassiar North project area. Notable progress includes 2,080m at the Taurus Deposit and 3,131m at the Newcoast target, where the company's deepest hole (720m) showed encouraging hydrothermal alteration signs.
Cassiar Gold (OTCQX:CGLCF) ha reso noti importanti aggiornamenti relativi alla sua proprietà Cassiar Gold nella British Columbia, tra cui un nuovo rapporto tecnico NI43-101 e i progressi esplorativi per il 2025. La stima aggiornata delle risorse minerali riporta Risorse Indicate pari a 410.000 once (8,8 Mt a 1,43 g/t Au) e Risorse Inferred pari a 1,93 milioni di once (63,2 Mt a 0,95 g/t Au) con un cutoff di 0,4 g/t Au.
La campagna di perforazione 2025 è stata estesa da 5.000 m a 7.000 m, di cui 5.211 m già completati nell’area del progetto Cassiar North. Tra i risultati rilevanti figurano 2.080 m al deposito Taurus e 3.131 m all’obiettivo Newcoast, dove il sondaggio più profondo dell’azienda (720 m) ha evidenziato promettenti segnali di alterazione idrotermale.
Cassiar Gold (OTCQX:CGLCF) ha anunciado actualizaciones relevantes sobre su propiedad Cassiar Gold en Columbia Británica, incluyendo un nuevo informe técnico NI43-101 y avances de exploración para 2025. La estimación de recursos minerales actualizada muestra Recursos Indicados de 410.000 onzas (8,8 Mt a 1,43 g/t Au) y Recursos Inferidos de 1,93 millones de onzas (63,2 Mt a 0,95 g/t Au) con un umbral de 0,4 g/t Au.
La campaña de perforación 2025 se amplió de 5.000 m a 7.000 m, habiéndose completado ya 5.211 m en el área del proyecto Cassiar North. Entre los avances destacados están 2.080 m en el depósito Taurus y 3.131 m en el objetivo Newcoast, donde el pozo más profundo de la compañía (720 m) mostró alentadores signos de alteración hidrotermal.
Cassiar Gold (OTCQX:CGLCF)는 브리티시컬럼비아의 Cassiar Gold 광산 지역에 대한 중대한 업데이트를 발표했습니다. 여기에는 새로운 NI43-101 기술 보고서와 2025년 탐사 진행 상황이 포함됩니다. 업데이트된 광물자원 추정치는 0.4 g/t Au 컷오프에서 지정 리소스(Indicated) 41만 온스(8.8 Mt, 1.43 g/t Au)와 추정 리소스(Inferred) 193만 온스(63.2 Mt, 0.95 g/t Au)를 보여줍니다.
회사의 2025년 시추 캠페인은 5,000m에서 7,000m로 확대되었으며, Cassiar North 프로젝트 구역에서 이미 5,211m를 완료했습니다. 주요 성과로는 Taurus 광구에서 2,080m, Newcoast 타깃에서 3,131m가 수행되었고, 회사의 최심부 시추공(720m)은 유망한 열수 변화 흔적을 보였습니다.
Cassiar Gold (OTCQX:CGLCF) a annoncé des mises à jour importantes concernant sa propriété Cassiar Gold en Colombie-Britannique, incluant un nouveau rapport technique NI43-101 et l’avancement des explorations pour 2025. L’estimation des ressources minérales mise à jour indique, à un seuil de 0,4 g/t Au, Ressources Indiquées de 410 000 onces (8,8 Mt à 1,43 g/t Au) et Ressources Inférées de 1,93 million d’onces (63,2 Mt à 0,95 g/t Au).
La campagne de forage 2025 a été élargie de 5 000 m à 7 000 m, dont 5 211 m déjà réalisés dans la zone du projet Cassiar North. Parmi les progrès notables figurent 2 080 m au gisement Taurus et 3 131 m sur la cible Newcoast, où le forage le plus profond de la société (720 m) a révélé des signes encourageants d’altération hydrothermale.
Cassiar Gold (OTCQX:CGLCF) hat wesentliche Neuigkeiten zu seinem Cassiar Gold-Gelände in British Columbia veröffentlicht, darunter einen neuen NI43-101-Technikbericht und Fortschritte bei den Untersuchungen für 2025. Die aktualisierte Mineralressourcenschätzung weist bei einem Cut-off von 0,4 g/t Au Indizierte Ressourcen von 410.000 Unzen (8,8 Mt bei 1,43 g/t Au) und Indizierte (Inferred) Ressourcen von 1,93 Millionen Unzen (63,2 Mt bei 0,95 g/t Au) aus.
Die Bohrkampagne 2025 wurde von 5.000 m auf 7.000 m ausgeweitet; im Projektbereich Cassiar North sind bereits 5.211 m abgeschlossen. Bemerkenswerte Fortschritte umfassen 2.080 m am Taurus-Lager und 3.131 m am Newcoast-Ziel, wo das tiefste Loch des Unternehmens (720 m) vielversprechende hydrothermale Alterationen zeigte.
- Updated NI43-101 resource estimate shows substantial gold resources of 2.34M total ounces
- 91% of the resource occurs within 150m of surface, indicating potential for open-pit mining
- Drill program expanded from 5,000m to 7,000m, with 5,211m already completed
- Promising mineralization and alteration observed in Newcoast target's deepest hole to date
- Resource grade decreased to 0.95 g/t Au for Inferred Resources, indicating lower-grade mineralization
- Maximum pit depth limited to 307m, potentially constraining resource expansion at depth
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2025) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the "Company") is pleased to announce the filing of its independent National Instrument 43-101 technical report ("NI43-101 Report") on its
The NI43-101 Report, with an effective date of June 8, 2025, is titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property," can be viewed on Cassiar Gold's website and has been filed under the Company's profile on SEDAR+. The NI43-101 Report was authored by Scott Zelligan, P.Geo. and Chantal Jolette, P.Geo., both whom are independent qualified persons in accordance with National Instrument 43-101 and the companion Policy 43-101CP.
The 2025 season's 7,000 m drill campaign is in progress; expanded beyond its initial 5,000 m scope.
- 5,211 m of drilling has been completed at the Cassiar North project area to-date, including:
- 2,080 m completed at the Taurus Deposit;
- 3,131 m completed at the Newcoast target; drilling remains in progress
- At the Newcoast target we have drilled our deepest hole to-date (720 m) with encouraging visual observations including evidence of widespread hydrothermal alteration.
NI 43-101 report filing:
- The NI43-101 Report contains updated resources at a 0.4 g/t Au cutoff and USD
$2,400 /oz gold price comprise:- Indicated Mineral Resource: 8.8 Mt at 1.43 g/t Au for 410,000 ounces; with an additional
- Inferred Mineral Resource: 63.2 Mt at 0.95 g/t Au for 1.93 million ounces
- The updated mineral resource estimate extends from surface to a maximum pit depth of 307 m, with
91% of the resource occurring within 150 m of surface. This resource holds strong potential for expansion in most directions with several areas of mineralization identified beyond the extent of the current pit shell model and sparse drill data between mineralized areas.
"I am grateful for the tremendous efforts made by our technical team in completing this new pit-constrained NI43-101-compliant technical report at the Taurus deposit," stated Marco Roque, President and Chief Executive Officer of Cassiar Gold. "The new MRE outlines an expanded, robust, near-surface, pit-constrained asset with great access. We are now excited to complete our 7,000 m drill program across the Cassiar Gold Property that will include drilling at the Taurus Deposit and Newcoast which we believe to have a similar potential to Taurus."
2025 Drill Program Overview
The Company's 2025 drill campaign commenced on June 20th and remains ongoing with drilling at the Newcoast target in the Cassiar North project area. The program is progressing ahead of schedule with an expanded scope and is projected to conclude in the fall. The program scope will consist of approximately 7,000 m over roughly 20 drill holes at the Cassiar North project area at both deposit-based and regional targets within the 59,000-hectare land package. To-date during the 2025 season, 5,211 m have been completed over fifteen drill holes (Figure 1).
Figure 1. Cassiar North 2025 drill campaign drill hole location plan map.
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Cassiar North project area - Taurus Deposit
To-date a total of 9 drill holes totaling 2,080 metres have been completed at the Taurus Deposit in 2025. Drilling at Taurus consists of a series of step-out holes designed to expand the deposit laterally beyond the known mineralized footprint.
Cassiar North project area - Newcoast Target
A total of 3,131 m over six drill holes has been completed in 2025 at the Newcoast target, which is located south of the Taurus Deposit near the Stewart-Cassiar Highway (Figure 1). The Newcoast prospect is host to numerous gold-bearing quartz veins and mineralized showings over 4 km in east-west lateral extent which has been explored previously by limited field work and sparse, widely spaced drilling, including nine holes completed during Phase 1 and Phase 2 drill programs in 2023 and 2024, respectively (Figure 2). The target area is situated along a 15 km northwest trend of past-producing gold deposits which include the Taurus Deposit, prospects, and past-producing high-grade veins across the property. The trend is associated with the development of gently dipping stacked shear zones between basal units that are host to mineralization.
Figure 2. Drill hole location map for 2025 drill campaign, relative to grab sample results from 2023 and 2024 field programs.
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Drilling conducted at Newcoast in 2023 and 2024 encountered a broad series of sheeted quartz veins with extensive alteration and disseminated sulphide mineralization similar to the Taurus deposit in multiple drill holes, returning 141.4 m of 0.89 grams per tonne (g/t) gold (Au) from 143.1 m downhole (see NEWS RELEASE, January 22, 2025). This season's drilling is designed to test continuity and expansion potential of mineralization encountered during the 2023 and 2024 drill campaigns and field programs (see NEWS RELEASE, April 16, 2025), as well as evaluate prospective chargeability anomalies identified in 2024 induced polarization survey results.
Preliminary highlights from this season's Newcoast drilling completed to-date includes an extensive network of alteration, quartz veining, and sulphide mineralization encountered in infill drill hole 25NC-010 designed to test the continuity of mineralization within a 250 m wide gap in drill data from recent exploration campaigns (Figure 3).
Figure 3. Drill core photos from drill hole 25NC-010 showing a broad intercept of high density narrow sheeted veining hosted in sulphide-mineralized and altered mafic volcanic host rock. Assay results remain pending.
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Another notable intercept - encountered in drill hole 25NC-013 - comprises a broad intercept of intermittent quartz veining and pyrite mineralization hosted in altered mafic volcanic rocks at greater depths than encountered in any previous drill hole at Newcoast (Figure 4), immediately overlying an argillite unit at depth. Style is similar to parts of the Taurus deposit. This interval of sulphide-mineralized quartz veining in basalt host, overlying deep water sediments, provides support for a regional interpretation of stratigraphic repetition attributable to thrust stacking across the Cassiar Gold Property.
Elsewhere on the district-scale property, at higher elevations (e.g. the past-producing Main Mine at the Cassiar South project area), direct evidence of stacking of mafic volcanic panels known to host mineralized quartz veins, occurring between stacked shear zones localized along sedimentary and ultramafic units demonstrates the potential for gold-bearing quartz veins to occur at multiple levels within a broader package of mafic volcanic flows. Initial observations from Newcoast drill hole 25NC-013 highlight the potential for additional Taurus-style mineralization to occur within such extensive untested areas at different levels in the Cassiar North project area.
Figure 4. Drill core photos from drill hole 25NC-013 showing a broad intercept of high-density sheeted quartz veining hosted in variably sulphide-mineralized and altered mafic volcanic host rock. Assay results remain pending.
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Upcoming Conference Calendar
Cassiar Gold is pleased to announce its updated 2025-2026 conference calendar:
September 2025
Precious Metals Summit | Beaver Creek, Colorado | September 9-12
Marco Roque, CEO
Jill Maxwell, VP of Exploration
October 2025
Munich Mining Conference | Munich, Germany | October 3-4
Marco Roque, CEO
November 2025
New Orleans Investment Conference | New Orleans, Louisiana | November 2-5
Marco Roque, CEO
Jason Shepherd, VP Investor Relations
January 2026
Vancouver Resource Investment Conference | Vancouver, BC, Canada | January 25-26
Marco Roque, CEO
Jill Maxwell, VP of Exploration
AME Roundup |Vancouver, BC, Canada | January 26-29
Jill Maxwell, VP of Exploration
Members of the Technical Team
March 2026
PDAC - Prospectors and Developers Association of Canada | Toronto, On, Canada | March 1-4
Marco Roque, CEO
Jill Maxwell, VP of Exploration
Jason Shepherd, VP Investor Relations
Effective today September 9, 2025, the Company has awarded 350,000 restricted share units ("RSUs") to certain advisors of the Company pursuant to its fixed RSU/DSU plan ("RSU/DSU Plan"). The RSUs will vest with 2/3 of the RSUs vesting in 12 months from the date of the grant, and the remaining 1/3 of the RSUs and DSUs vesting in 24 months from the date of grant. Each vested RSU will be satisfied for one full paid and non-assessable Common Share issued from treasury at a price based on the closing price of the Common Shares on September 8, 2025. The Stock Option Plan and the RSU/DSU Plan provides for awards of no more than 14,665,930 Common Shares.
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 verified and approved the technical information in this press release.
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
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: risks inherent with estimates of mineral resource estimates, the potential of eventual economic extraction of minerals from the project; the identification of future mineral resources at the project; the Company's ability to convert existing mineral resources into categories of mineral resources or mineral reserves of increased geological confidence; life of mine estimates; future exploration potential; timing and scope of future exploration; the future success of the project; the potential for expanding the mineral resources and the potential for identifying additional mineralization in areas of intercepts, conceptual areas for extension and expansion, size of the 2025 drill campaign, results from drilling and the risks and assumptions set out in the NI43-101 Report.
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, a pandemic, changes in legislation impacting 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.
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FAQ
What is the new resource estimate for Cassiar Gold's (CGLCF) Taurus deposit?
How much drilling has Cassiar Gold completed in its 2025 exploration program?
What is the depth of mineralization at Cassiar Gold's Taurus deposit?
What were the results from Cassiar Gold's previous drilling at Newcoast?
How large is Cassiar Gold's property in British Columbia?
