Cassiar Gold is pleased to report the results of surface exploration conducted across extensive parts of the northern Cassiar Gold Property in northern British Columbia during the 2023 exploration program.
The Cassiar Gold Property hosts several regional prospects with potential to host Taurus-style mineralization in outlying areas to the Taurus bulk-tonnage Inferred gold resource of 1.4 million ounces grading 1.14 grams per tonne (g/t) gold (Au) [1]. The surface program was designed to provide a geological, geochemical and geophysical base for exploration beyond established drill targets, and enhanced geological context to support expansion of known deposits and targets. Results from this field program, conducted concurrent to the Company’s 2023 diamond drill program, highlight several priority exploration targets, while newly acquired 3D DC-resistivity and induced polarization (DCIP) survey data covering 12km2 has identified multiple anomalies that will contribute to 2024 program planning.
Highlights:
Field crews have identified new mineralization trends at Cassiar North regional prospects through a combination of geological mapping, surface rock sampling (Figure 2) as well as soil sampling (Figure 3).
• Surface rock samples results:o discovered the new Auroch mineralized showing, including a 9.82 g/t Au grab sample with visible gold and 20.30 g/t Au in float,o expanded significant surface mineralization at multiple regional prospects, including up to 2.5 km to the east along the Newcoast target corridor, and 250 m to the southwest at the Hopeful prospect.• Multiple gold anomalies were identified in soil sample results, coincident with major mapped structural trends and limited surface rock sample data, and remain open beyond the extent of the survey sample grid
• Lineaments observed in recent DCIP survey 3D inversion products suggest the presence of a series of northwest and northeast trending features, concordant to the orientation of mineralization-controlling structures commonly observed at the Cassiar North project area. These features coincide with areas of carbonate-sericite alteration and vein development that have the potential to host or control additional areas of mineralization.
“We are very encouraged by the prospectivity of the Cassiar North project area in supporting our district vision. The geological, geochemical, and geophysical characteristics observed from 2023 field program results support the potential for a more significant mineralizing system in this area than currently identified.” stated Marco Roque, CEO of Cassiar Gold Corp. “These results affirm our commitment to advancing regional exploration on the property and we look forward to returning to the field as 2024 targeting is currently underway.”
Summary
Based on the success of the 2023 field campaign, through use of integrated exploration methods, the Company has identified several new exploration targets and better placed known targets into a more refined geological and geophysical context. Program results demonstrate the robust potential for continued growth in the historic Cassiar Gold District. Exploration targeting and program planning is ongoing in advance of the field season which is slated to commence in the second quarter of 2024.
PR attached, and if you would like to schedule a call please let me know.
Cheers
Marco Roque – President & CEO, Director
[email protected] | +852 6691 6295
