Intercepts 1.78 g/t Au Over 32.79M And 3.71 g/t Au over 11.35M
Cassiar Gold Corp. (TSXV:GLDC) has received positive assay results for seven more diamond drillholes from the recently completed 2020 drill programme on the company’s 100%-owned Cassiar Gold Property in northern British Columbia, Canada.
CEO, Marco Roque, said the primary goal of this drill programme was to continue to confirm and expand the 43-101 near-surface resource of 1 million ounces at 1.43 g/t Au estimated at the Taurus Deposit in 2019.
* 2.37 g/t Au over 25.07 m in drillhole 20TA-110 including two occurrences of visible gold in quartz veins, from the hanging-wall of the Taurus West fault;
* 1.78 g/t Au over 32.79 m in drillhole 20TA-119, also from the hanging-wall of the Taurus West Fault;
* Exploration drilling at Wings Canyon yielded encouraging results with 0.64 g/t Au over 16.84 m and 19.50 g/t Au over 0.50 m, supporting near-surface potential beyond Taurus at North Cassiar.
“We are extremely pleased with our second set of assay results from our drill program at the Taurus Deposit. All drillholes came in mineralised and it is very exciting to hit visible gold,” Mr Roque said.
“We also have some really impressive intervals with grades above our resource grade in sparsely drilled parts of our resource. Really looking forward to see how this may impact our resource model.” commented CEO, Marco Roque, CEO of Cassiar Gold Corp.
Kaesy Gladwin, VP Exploration said broad gold-mineralised intervals coincident with geophysical features and similar in style to the nearby Taurus deposit confirm the potential for additional bulk-tonnage prospects beyond the current resource.”
Drillholes were planned to increase confidence in historical diamond drilling results, to test potential for extension at depth, or to infill gaps within the 2019 Taurus bulk-tonnage resource model.
Five drillholes targeted the sparsely drilled western extent of the 2019 resource in the hangingwall of the Taurus West Fault, where some of the most continuous and widest assay intervals occur within the deposit.
The Taurus West Fault is an east-dipping brittle fault of uncertain offset, that may be a reactivation of an earlier ductile structure. The Taurus resource is hosted in hangingwall basalt to the east of the fault, and basalt, chert, and argillite are found in the footwall to the west.