Cassiar GOLD Announces Additional Drilling Results at the Cassiar GOLD Project, BC; Including 18.22 Metres of 5.43 G/T GOLD and 83.42 Metres of 1.20 G/T GOLD
NEWS RELEASE
CASSIAR GOLD ANNOUNCES ADDITIONAL DRILLING RESULTS AT THE CASSIAR GOLD PROJECT,
BC; INCLUDING 18.22 METRES OF 5.43 G/T GOLD AND 83.42 METRES OF 1.20 G/T GOLD
HONG KONG and CALGARY, ALBERTA – (December 8, 2020)
Cassiar Gold Corp. (TSX VENTURE: GLDC, OTCQB: CGLCF ) (“Cassiar” or the “Company”) is pleased to
announce assay results for the remaining ten diamond drillholes from its recently-completed 2020 drill
campaign on its 100%-owned Cassiar Gold Property in northern British Columbia, Canada. The primary
goal of the program was to confirm and expand the 43-101 inferred near-surface resource of 1 million
ounces at 1.43 g/t Au estimated at Taurus in 2019 (see Company news release, September 11, 2019). In
total, 24 drillholes (4,718 m) were drilled at North Cassiar from August to October, 2020. Results from
fourteen drillholes from the 2020 c ampaign have already been reported (see Company new release s,
November 10, 2020 and December 1, 2020).
Highlights and significant results for this release:
• Sable Zone infill and extension drilling:
• Drillhole 20TA-116: 5.43 g/t Au over 18.22 m including 22.40 g/t Au over 0.75 m and 2.77
g/t Au over 13.55 m at the southeast extent of the Taurus Deposit
• Drillhole 20TA-121: 1.34 g/t Au over 15.90 m, as well as 53.50 g/t Au over 0.46 m and
32.20 g/t Au over 0.4 m
• Taurus Zone infill and extension drilling:
• Drillhole 20TA-114: 1.20 g/t Au over 83.42 m
• Drillhole 20TA-120: 2.51 g/t Au over 9.59 m
“These are our best results from Taurus yet. The remarkable intercept lengths with attractive grades
within and around the Taurus resource enhance our confidence in the deposit and its potential for
expansion. As we turn our attention towards our high-grade targets at South Cassiar, I couldn’t be happier
with the Taurus campaign and the results this team has put together.” commented Marco Roque, CEO of
Cassiar Gold.
Taurus Deposit Drilling Summary
The 2020 Taurus drill program was designed to increase confidence in historical assay results, to test
potential for extension laterally and at depth, or to infill gaps within the 2019 Taurus bulk -tonnage
resource model. Results are reported in Table 1.
Four drillholes were planned to target the Sable area, one of th e highest-grade zones of the Taurus
Deposit. The Sable area is comp osed of a series of concordant, west -northwest-striking, gold-bearing
shear vein structures with sinistral offset. Shear veins are continuous over several hundred metres and
are accompanied by subvertical east -west extensional veins which collectively form bulk mineralized
zones. Along the southern margin of the Sable area, historical drilling has been largely confined to the
upper 50 m of basalt, with few drillholes extending to greater depths or expanding southward.
Drillholes 20TA -116, 20TA -121 and 20TA -122 were drilled southward on parallel southwest -trending
vertical sections 50 m apart . These three drillholes were designed to increase confidence in shallow
historical drillhole results, infill modest gaps in the current resource shell, as well as test for a southern
extension of mineralization past the extent of the 2019 resource model. 20TA -116 returned multiple
broad zones including 5.43 g/t Au over 18.22 m (Table 1). 20TA-121 and 20TA -122 targeted the same
south Sable domain , intersecting zones of 1.34 g/t Au over 15.90 m and 1.66 g/t Au over 9.80 m,
respectively. Drilling at south Sable confirmed that mineralization does extend beyond the southern
boundary of the 2019 resource shell. Drillhole 20TA -115 was designed to test a gap in the low er part of
the resource just above the base contact with underlying sediments . Results returned 1.00 g/t Au over
76.28 m and 0.99 g/t Au over 25.40 m within the resource grade shell, as well as 0.91 g/t Au over 14.10 m
below the grade shell.
Four drillholes (20TA-103, 20TA-114, 20TA-117, and 20TA-120) targeted the Central portion of the Taurus
deposit. 20TA-114 was designed to confirm historical assay results in an adjacent reverse circulation (RC)
drillhole, while also adding structural data from oriented core to increase confidence in modelling and
targeting in the area. A notable intercept of 1.20 g/t Au over 83.42 m was returned, with several additional
intercepts above 1.00 g/t Au over >10 m core lengths (Table 1). 20TA-120 was designed to verify historical
results 50 m south of a 150 m x 150 m gap in the 2019 resource described in the Company’s November
10, 2020 news release . An interval of 2.51 g/t Au over 9.59 m was returned from 20TA -120, consistent
with assay results from adjacent historical drillholes. Drillhole 20TA -117, between previously reported
drillholes within the resource gap, returned 1.12 g/t Au over 9.38 m at surface. To the west, drillhole 20TA-
103 returned 1.01 g/t Au over 5.85 m, consistent with grades in adjacent historical drillholes.
The final two drillholes of the program tested North Taurus – an area of low-density drilling proximal to
historical workings. Drilling was intended to test continuity of mineralization to the north and northeast.
Drillhole 20TA-123 tested an 80 m wide gap in the current resource at the northern extent of the area, in
proximity to under-sampled historical drillholes. Results returned several intercepts greater than 1.00 g/t
Au over > 1.00 m, including 4.11 g/t Au over 1.85 m. 20TA-124 was designed to follow up on a n area of
anomalous historical surface grab samples, several of which reported significant results including 4.55 g/t
Au in sample H126576. Drillhole 20TA -124 intersected intermittent narrow faulting and minor quartz
veining in pyrite, iron carbonate and sericite -altered basalt characteristic of Au -bearing rocks at North
Cassiar, and returned multi-meter intercepts at greater than 1.0 g/t Au including 2.71 g/t Au over 3.98 m
(Table 1).
Figure 1. 2020 drilling at Taurus. Resource gold shells projected to surface for reference. Inset map shows location of detailed area in blue box
within Cassiar Gold Property.
Figure 2. Vertical section through 20TA-116, 20TA-121 and 20TA-122 looking west-northwest. 100 m section width. Resource gradeshell shown in
pink shading.
Table 1. Selected mineralized intercepts from 2020 drilling at the Taurus deposit. Drillholes 20TA-101
through 20TA-124 were drilled sequentially in the 2020 program. True widths for intercepts reported in
this news release have not yet been determined. 2020 drillholes not included in this table have been
reported in previous 2020 new releases.
Sable
Target Hole ID From To Length Au
Sable 20TA-115 13.00 15.55 2.55 m 5.39 g/t Au
26.90 103.18 76.28 m 1.00 g/t Au
including 98.70 103.18 4.48 m 2.43 g/t Au
with 99.47 100.14 0.67 m 10.60 g/t Au
128.40 142.50 14.10 m 0.91 g/t Au
Sable 20TA-116 9.30 23.80 14.50 m 1.30 g/t Au
including 9.30 12.60 3.30 m 3.24 g/t Au
with 10.87 11.55 0.68 m 7.27 g/t Au
including 21.43 23.80 2.37 m 3.01 g/t Au
37.05 50.60 13.55 m 2.77 g/t Au
including 40.30 43.06 2.76 m 9.47 g/t Au
101.20 106.60 5.40 m 2.47 g/t Au
including 105.90 106.60 0.70 m 9.90 g/t Au
110.95 112.95 2.00 m 1.70 g/t Au
141.25 159.47 18.22 m 5.43 g/t Au
including 150.75 151.50 0.75 m 22.40 g/t Au
and 154.50 155.65 1.15 m 24.60 g/t Au
Sable 20TA-121 13.80 19.35 5.55 m 3.73 g/t Au
including 14.50 16.82 2.32 m 7.26 g/t Au
27.95 29.20 1.25 m 1.31 g/t Au
33.82 34.28 0.46 m 53.50 g/t Au
43.15 44.96 1.81 m 10.74 g/t Au
including 43.62 44.02 0.40 m 32.20 g/t Au
70.01 73.40 3.39 m 2.02 g/t Au
including 70.01 70.40 0.39 m 14.54 g/t Au
101.50 117.40 15.90 m 1.34 g/t Au
Sable 20TA-122 4.50 11.78 7.28 m 2.58 g/t Au
including 5.45 6.26 0.81 m 10.40 g/t Au
20.91 22.72 1.81 m 2.33 g/t Au
including 21.70 22.22 0.52 m 4.62 g/t Au
28.10 33.80 5.70 m 2.08 g/t Au
67.67 77.47 9.80 m 1.66 g/t Au
97.38 99.60 2.22 m 2.20 g/t Au
146.88 165.00 18.12 m 0.45 g/t Au
Central
Taurus
Target Hole ID From To Length Au
Central
Taurus
20TA-103 4.90 8.50 3.60 m 0.83 g/t Au
18.35 20.00 1.65 m 2.19 g/t Au
23.05 28.90 5.85 m 1.01 g/t Au
35.80 38.60 2.80 m 0.61 g/t Au
108.50 110.00 1.50 m 2.94 g/t Au
190.23 191.45 1.22 m 2.95 g/t Au
209.70 210.80 1.10 m 0.72 g/t Au
221.05 222.05 1.00 m 2.43 g/t Au
Central
Taurus
20TA-114 7.10 90.52 83.42 m 1.20 g/t Au
including 23.20 35.82 12.62 m 2.12 g/t Au
with 23.20 24.00 0.80 m 11.70 g/t Au
including 87.40 90.52 3.12 m 3.59 g/t Au
101.60 120.52 18.92 m 1.15 g/t Au
including 102.60 103.60 1.00 m 5.45 g/t Au
130.20 131.00 0.80 m 13.10 g/t Au
145.20 147.85 2.65 m 2.41 g/t Au
Central
Taurus
20TA-117 15.00 24.38 9.38 m 1.12 g/t Au
120.80 122.88 2.08 m 1.18 g/t Au
126.60 132.29 5.69 m 0.61 g/t Au
Central
Taurus
20TA-120 15.96 20.25 4.29 m 4.47 g/t Au
including 15.96 17.73 1.77 m 7.64 g/t Au
33.41 43.00 9.59 m 2.51 g/t Au
including 37.50 40.15 2.65 m 7.31 g/t Au
including 38.61 38.92 0.31 m 27.70 g/t Au
North
Taurus
Target Hole ID From To Length Au
North
Taurus
20TA-123 10.25 12.10 1.85 m 4.11 g/t Au
29.92 31.55 1.63 m 1.64 g/t Au
39.00 40.08 1.08 m 2.16 g/t Au
North
Taurus
20TA-124 80.85 84.83 3.98 m 2.71 g/t Au
including 83.26 83.90 0.64 m 10.60 g/t Au
88.00 90.20 2.20 m 1.22 g/t Au
Cassiar Next Steps
With funding secured for an aggressive 2021 exploration program, Cassiar Gold Corp. is well-positioned
to continue to advance the Cassiar Gold Project, with a focus on high-grade prospects at South Cassiar.
“The success of the 2020 Taurus drilling campaign confirms that we are on the right track at Cassiar,”
said Kaesy Gladwin, VP Exploration for Cassiar Gold Corp. “The 2020 program added confidence in our
historical data and geological model, and provides new assay and structural data in some key areas that
will allow us to refine our resource model and future targeting.”
Qualified Person
The qualified person for the Cassiar Gold Project as defined by NI 43 -101 is Kaesy Gladwin, P.Geo., VP
Exploration for the Company. The 2020 Taurus program was completed with HQ drill core oriented using
the REFLEX ACTIII system. Drill core samples selected and analyzed in the 2020 exploration program were
logged and then cut in half using a diamond cutting saw, in a secure core storage facility located in Jade
City, British Columbia. Certified gold reference standards and blanks we re routinely inserted into the
sample stream, as part of Cassiar Gold Corp.’s quality control/quality assurance (QAQC) program. All
samples were delivered to the SGS Canada preparation facility in Whitehorse, Yukon, for initial processing,
before being shipped to the SGS Canada analytica l facility in Burnaby, British Columbia. Samples were
analyzed for gold by 50 gram fire assay with finish by atomic absorption or gravimetric methods. Screen
metallic analysis was performed on selected samples. SGS Canada quality systems and technical aspe cts
conform to requirements of ISO/IEC Standard 17025 guidelines.
About Cassiar Gold Corp.
Cassiar Gold Corp. (TSX.V: GLDC, OTCQB: CGLCF) 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 NI 43-101-compliant resource estimate of 1M oz at 1.43 g/t Au at the Taurus bulk-tonnage gold
deposit. The Property hosts numerous gold showings, historical workings, and exploration prospects
over a >15 km long and up to 10 km wide trend that extends from high-grade past-producing mines at
Cassiar South, to the Taurus deposit at Cassiar North.
Forward-looking statements
This press release may contain forward looking statements including those describing Cassiar's future
plans and the expectations of management that a stated result or condition will occur. Any statement
addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results
can differ materially from those anticipated by management at the time of writing due to many factors,
the majority of which are beyond the control of Cassiar and its management. In particu lar, this news
release contains forward-looking statements pertaining, directly or indirectly, to the following: Cassiar's
exploration plans and work commitments, the potential of mineral resources and potential for recover
thereof, the timing of reporting of exploration results, as well as other market conditions and economic
factors, business and operations strategies. Readers are cautioned that the foregoing list of risk factors
should not be construed as exhaustive. These statements speak only as of the date of this release or as of
the date specified in the doc uments accompanying this release, as the case may be. The Company
undertakes no obligation to publicly update or revise any forward-looking statements except as expressly
required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regu lation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Cassiar Gold Corp.
https://www.cassiargold.com
Marco Roque
CEO and a Director
+852 6691 6295