Cassiar Gold Corp. Expands 2024 Drill Program in Northern British Columbia
Calgary, Alberta–(Newsfile Corp. – August 22, 2024) – Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) has announced an expansion of its 2024 drill program at the Cassiar Gold Project in northern British Columbia. The Company has surpassed its initial 5,000 m Phase 1 scope, completing 6,520 m of drilling to date. This expansion reflects the Company’s commitment to further evaluating the potential of the Taurus Deposit and advancing new target areas.
Drilling Progress at Taurus Deposit and Newcoast Target
The Taurus Deposit, hosting a significant inferred gold resource of 1.4 million ounces, has been a focal point of Cassiar Gold’s exploration efforts. With 5,275 m completed at Taurus, the Company aims to define mineralization continuity and outline extensions to expand the deposit footprint. Additionally, 1,245 m has been completed at the Newcoast target, located near the Stewart-Cassiar Highway. This area has shown promising gold-mineralized samples, with plans to test for extensions based on previous drilling results.
Geophysical Surveys and Mapping
Cassiar Gold has completed an induced polarization (IP) survey in August and is planning drone-supported magnetic and VLF surveys for the fall. These surveys will aid in identifying mineralization-controlling faults and shear zones, contributing to future exploration targeting. Ongoing geological mapping and sampling efforts at outlying target areas support the Company’s exploration strategy.
Overview of the 2024 Drill Program
The 2024 drill campaign started on June 4th, with progress exceeding expectations. A total of 30 drill holes are planned at the Cassiar North project area, including both deposit-based and regional targets within the 59,000-hectare land package. The program is on track to conclude by fall, with 26 holes completed thus far. Field activities, including drilling, geological mapping, and geophysical surveys, will lay the groundwork for future exploration and resource delineation.
Stock Options and Qualified Person
Cassiar Gold recently granted 150,000 stock options to its Vice President of Investor Relations, Mr. Jason Shepherd, aligning with the Company’s stock option plan. The technical information in this release has been reviewed and approved by Jill Maxwell, P.Geo., VP Exploration at Cassiar Gold Corp., who serves as a Qualified Person under National Instrument 43-101.
Overall, Cassiar Gold Corp.’s proactive approach to exploration and resource expansion demonstrates its commitment to unlocking the full potential of the Cassiar Gold Project.
