Cassiar Gold Corp. reports exploration and project-development updates for its 100% owned Cassiar Gold Property in northern British Columbia. Recurring company news covers diamond drilling, surface exploration, mineralized trends, and deposit work at the Taurus deposit and regional targets such as Newcoast within the Cassiar North project area.
Company updates also include National Instrument 43-101 technical reporting, mineral resource estimates, preliminary economic assessment work, engineering studies, and investor-event participation. The news flow centers on gold exploration results, resource definition, geological interpretation, and the steps used to advance the Cassiar Gold project from exploration toward potential development planning.
Cassiar Gold Corp (TSXV: GLDC) (OTCQX: CGLCF) has announced final results from three diamond drill holes at the Newcoast Prospect of its Cassiar Gold project in northern British Columbia. The 2024 exploration program included 7,168 metres of drilling across 30 holes.
Key highlights from the Newcoast Prospect, located 2.5 km southeast of the Taurus deposit, include:
- Drill hole 24NC-008: 141.4m of 0.89 g/t gold, including 4.6m of 6.52 g/t Au
- Drill hole 24NC-007: Multiple intercepts including 57.6m of 0.50 g/t Au and 64.3m of 0.51 g/t Au
- Drill hole 24NC-009: 27.0m of 0.77 g/t Au and 64.1m of 0.53 g/t Au
These results extend mineralization at Newcoast and confirm potential for additional Taurus-style mineralization in untested areas. The Taurus deposit currently holds an Inferred resource of 1.4 million ounces grading 1.14 g/t gold.
Cassiar Gold Corp. (CGLCF) has announced results from seven diamond drill holes of its 2024 exploration program at the Cassiar Gold project in northern British Columbia. Key highlights include significant gold intercepts at the Taurus deposit, notably 201.8 metres of 0.53 g/t gold from surface and 19.7 metres of 6.84 g/t gold, including high-grade samples up to 315.00 g/t gold.
The 2024 drill program comprised 7,168 metres over 30 drill holes, with these results representing the final assays from the Taurus deposit. The drilling has successfully extended mineralization from surface at the southwest extent of the deposit, with results expanding the known mineralization beyond the current resource block model. The company plans to update its mineral resource estimate in the first half of 2025.
Cassiar Gold Corp. has announced results from nine diamond drill holes of its 2024 exploration program at the Cassiar Gold project in northern British Columbia. Key highlights include significant gold intercepts, notably 156.1 metres of 0.53 g/t gold from surface in drill hole 24TA-230 and 86.6 metres of 0.62 g/t gold in hole 24TA-222.
The 2024 drill program comprised 7,168 metres over 30 drill holes, with results pending for 10 holes. The drilling successfully extended near-surface mineralization at the western and central areas of the Taurus deposit and confirmed continuous south-plunging higher-grade mineralization along the Taurus West Fault. The Taurus Deposit currently hosts an Inferred gold resource of 1.4 million ounces grading 1.14 g/t Au.
Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) has announced results from six initial diamond drill holes of its 2024 exploration program at the Cassiar Gold project in northern British Columbia. The results expand near-surface mineralization at the western extent of the Taurus deposit and demonstrate a continuous trend of south-plunging higher-grade mineralization along the Taurus West Fault.
Key highlights include:
- 18.1 m of 2.28 g/t Au and 40.8 m of 1.68 g/t Au in drill hole 24TA-212
- 31.9 m of 1.82 g/t Au in drill hole 24TA-213
- 67.7 m of 0.54 g/t Au and 58.5 m of 1.10 g/t Au in drill hole 24TA-214
The 2024 drill program comprised 7,168 m over 30 drill holes, with results pending for 21 drill holes. The drilling results strengthen the company's model and enhance the potential to expand the resource base at the Cassiar Gold project.
Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) has announced an update to its private placement offering. The company will be offering charitable flow-through units (CFT Units) at C$0.37 and flow-through units (Units) at C$0.35, aiming to raise aggregate gross proceeds of C$1 million. Each unit includes one common share and one warrant, exercisable at C$0.50 for 24 months.
The funds will be used for Canadian exploration expenses and flow-through critical mineral mining expenditures at the Cassiar Gold Project in northern British Columbia. The company will renounce all Qualifying Expenditures to subscribers by December 31, 2024. British Columbia residents may be eligible for a 20% BC mining flow-through share tax credit. The offering is expected to close by September 30, 2024, subject to regulatory approvals.
Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) has expanded its 2024 drill program at the Cassiar Gold Project in northern British Columbia. Key highlights include:
- 6,520 m of drilling completed to date, surpassing the initial 5,000 m Phase 1 scope
- 5,275 m completed at the Taurus Deposit, with drilling ongoing
- 1,245 m completed at the Newcoast target
- Induced polarization (IP) survey completed in August
- Drone-supported magnetic and VLF surveys scheduled for fall
- Ongoing field mapping and sampling at outlying target areas
The Taurus Deposit hosts a 1.4 million ounce inferred gold resource. The expanded program aims to define mineralization continuity and outline extensions. Geophysical surveys and geological mapping will support future exploration targeting.
Cassiar Gold Corp. has initiated its 2024 Exploration Program at its Cassiar Gold property in northern British Columbia. The program, which started on June 4th, 2024, focuses on the Cassiar North project area and includes an initial 5,000 meters of drilling, potentially expandable. Drilling will target the Taurus Deposit and other key exploration sites. The Taurus Deposit holds an inferred gold resource of 1.4 million ounces at 1.14 g/t Au and has considerable expansion potential. Additionally, the company will conduct surface exploration and geophysical surveys throughout the field season to enhance data coverage. The program aims to refine field targets and expand geological understanding, leveraging recent successful results.
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