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Cassiar Gold Corp
Symbol GLDC
Shares Issued 54,346,435
Close 2021-06-07 C$ 0.56
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Cassiar starts 15,000 m drill program at Cassiar

2021-06-08 07:28 ET - News Release

Mr. Marco Roque reports

CASSIAR GOLD ANNOUNCES COMMENCEMENT OF DRILLING

Cassiar Gold Corp. has commenced its 15,000-metre drilling program at its flagship Cassiar gold project in British Columbia, Canada. With exploration crews on site the company has begun mobilization of two diamond drills. One drill rig has commenced drilling at the Taurus deposit in the North Cassiar area. All planned 2021 work is now permitted, and work at South Cassiar is expected to commence later this week.

"We are very pleased to begin this year's exploration program," stated Marco Roque, chief executive officer of Cassiar Gold. "Over the last few months our technical team has been busy preparing a geological model at North and South Cassiar to define strategic targets. We are excited to kick off this campaign at our existing Taurus deposit in North Cassiar and to also focus on the South Cassiar targets, which will be the first time the company drills this high-grade target area."

Initial drilling at the Taurus deposit is planned to (a) infill widely spaced areas where significant gold mineralization has been intersected with the aim to upgrade existing resources by defining better continuity of higher-grade mineralized areas, and (b) since the deposit is open laterally in all directions, to test prospective corridors where better grade portions of the resource remain open. Historical results, which will be followed up, include thick intersections in the Taurus West area, where examples of widely spaced or open historical drilling to be followed up 2.4 grams per tonne over 84 metres in historical drill hole T95-29, which is separated from other holes to the south by over 100 m. Other examples include drill holes 20TA-119 (which intersected 1.78 g/t Au over 32.79 m) and historical drill hole T95-13 (which intersected 3.05 g/t Au over 25.45 m) that define the southernmost holes of a significant gently plunging zone of mineralization that is open to the south, extensions of which will also be targeted during the program. Drilling in areas of widely spaced previous drill holes in 2020 successfully extended mineralization between drill holes, for example intersecting 5.43 g/t Au over 18.22 m in drill hole 20TA-116 in the Taurus Sable zone that define mineralization corridors at higher than resource grades.

Once drilling commences at South Cassiar it will target high-grade veins in the historically producing Bain/Cusac and Main mine areas outward from previously mined veins. In addition, new areas are planned to be tested where veins remain open or favourable geology and vein periodicity suggest potential for new high-grade targets.

Qualified person

The technical information in this news release has been reviewed and approved by Kaesy Gladwin, PGeo, Cassiar Gold's vice-president of exploration who is considered to be a qualified person as defined by National Instrument 43-101.

About Cassiar Gold Corp.

Cassiar Gold is a Canadian gold exploration company focused on projects in British Columbia and led by a team of highly successful business and technical executives. The company's key asset, the Cassiar gold project, is a large, advanced-stage, road-accessible gold property with a National Instrument 43-101-compliant inferred resource estimate of one million ounces at 1.43 grams per tonne gold at the Taurus bulk-tonnage gold deposit. The property hosts numerous gold showings, historical workings and exploration prospects over a greater-than-15-kilometre-long and up to 10 km wide trend that extends from high-grade, formerly producing mines at South Cassiar to the Taurus deposit at North Cassiar.

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