Cassiar Gold Corp.(TSXV: GLDC) (OTCQX: CGLCF) has identified wide zones of gold in assay results from an additional four diamond drill holes at the Taurus Deposit located in the Cassiar North area of the company’s flagship Cassiar Gold Property in northern British Columbia, Canada.
The Taurus Deposit hosts a substantial near-surface, bulk-tonnage Inferred gold resource of one million ounces grading 1.43 g/t Au.
CEO, Marco Roque, said the new results from the western portion of the Taurus Deposit confirm the potential for the resource to expand at depth and internally between gaps in the known resource.
Highlights:
- Drillhole 21TA-128, the deepest hole drilled to date with a length of 423 m (320 m vertical depth), intersected multiple intervals of gold mineralisation both at surface and at depth:
- 118.6 m of 1.01 g/t Au from 11.0 m downhole, including 0.8 m of 43.80 g/t Au and 0.6 m of 18.70 g/t Au
- 45.3 m of 1.29 g/t Au from 349.7 m downhole, including 10.0 m of 3.72 g/t Au, extending the depth of known mineralisation at Taurus
- Drillhole 21TA-135 intersected 34.9 m of 2.56 g/t Au from 194.2 m downhole, including 9.0 m of 5.18 g/t Au and 0.6 m of 22.50 g/t Au
“Our 2021 drill programme at the Taurus Deposit has delivered excellent results yet again to highlight an outstanding asset that is demonstrating extensive near-surface continuity of gold mineralisation and the potential to grow at depth,” CEO, Marco Roque, said.
“These results at Taurus, combined with the exceptional results released in November, confirm the robustness of our geological model at Cassiar North, and we look forward to embarking on a more aggressive drill campaign in 2022 to expand the resource. In the meantime, we look forward to reporting results from the final three holes of the programme in the coming weeks.”
2021 Cassiar North Drill Programme at Taurus Deposit
The 2021 Cassiar North Drill Program focused on the Taurus Deposit and consisted of 15 drill holes totalling 4,098 m targeting the 88 Hill, Gap, Northwest, West and Southwest zones of the deposit.
The drill programme, which was completed from early June to mid-August, was designed to define higher-grade mineralised areas where historical drilling from the 1990s is widely spaced (~100 m apart) as well as to confirm historical grades and collect additional structural data for use in updated modelling work. The deposit remains open in most directions and at depth.
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