Welcome to our dedicated page for Cassiar Gold news (Ticker: CGLCF), a resource for investors and traders seeking the latest updates and insights on Cassiar Gold stock.
Cassiar Gold Corp. (OTCQX: CGLCF; TSXV: GLDC) generates frequent exploration-focused news as it advances its gold projects in British Columbia, Canada. Company news releases highlight drilling, fieldwork, and technical reporting related to its 100%-owned Cassiar Gold Property, which is divided into the Cassiar North and Cassiar South project areas, as well as its interests in the historical Sheep Creek gold camp near Salmo, British Columbia.
Much of the recent news flow centres on the Taurus deposit at Cassiar North, where Cassiar Gold has reported a pit-constrained NI 43-101 Mineral Resource Estimate and continues to publish results from multi-hole diamond drill campaigns. Updates commonly describe long intervals of near-surface bulk-tonnage mineralization, higher-grade gold intercepts, and visible-gold-bearing quartz veins, along with interpretations of key structures such as the Taurus West Fault and sheeted extensional vein sets.
Additional news items cover regional exploration at prospects including Newcoast, Bos Trend–Auroch, and Hopeful. These releases discuss surface mapping, rock and soil sampling, geophysical surveys, and follow-up drilling designed to evaluate Taurus-style mineralization in outlying areas. The company also issues announcements when it files new NI 43-101 technical reports, updates its Mineral Resource Estimate, or participates in mining and investor conferences.
Investors and followers of CGLCF can use this news page to review Cassiar Gold’s exploration results, property-wide targeting updates, and technical milestones across the Cassiar district and Sheep Creek properties. For those tracking junior gold explorers, the news stream provides ongoing context on how the company is advancing its flagship Taurus deposit and related regional prospects.
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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