Cassiar Gold Appoints Vernon Shein as Vice President of Exploration
Cassiar Gold Appoints Vernon Shein as Vice
President of Exploration
Calgary, Alberta--(Newsfile Corp. - January 31, 2022) -
Cassiar Gold Corp. (TSXV: GLDC) (OTCQX:
CGLCF)
(the "Company") is pleased to announce the appointment of Vernon Shein as its new Vice
President of Exploration, effective February 2, 2022. A mining industry veteran with 39 years of
exploration industry experience, Mr. Shein spent the last 18 years as Exploration Manager for Bema
Gold Corp. and its successor company B2Gold, specializing in advancing exploration programs through
Preliminary Economic Assessment, Feasibility Study and into production. Kaesy Gladwin will be retiring
to pursue opportunities outside of the mining industry and will stay on as senior technical consultant to
ensure a smooth transition and continuity of geological knowledge and insight.
Mr. Shein holds a B.Sc., Specialization Geology, from Concordia University and has conducted
exploration programs on gold and base metals projects located throughout Canada, South America,
Russia and the Asia Pacific. While serving as Exploration Manager at B2Gold, projects that he has
managed from exploration through to production include the Kupol Mine in Russia, the Jabali Mine in
Nicaragua and the Montana open pit at the Masbate Mine in the Philippines. At the Kupol Mine, Mr.
Shein oversaw the drilling and modeling of the deposit through Pre-Economic Assessment in 2004 and
Final Feasibility in 2005. Mr. Shein also developed the Jabali Mine from an untested, previously mined
prospect to a mineable reserve/resource in two years with mining commencing in 2013. In recent years,
Mr. Shein oversaw exploration activities at the Masbate Mine which developed new reserves at the
Montana and Pajo deposits. He also oversaw exploration at the Aurion/B2GOLD joint venture in Central
Lapland, Finland, resulting in the discovery of the western extension of Rupert's Ikkari deposit.
"On behalf of the board and team at Cassiar Gold, I would like to extend our gratitude to Kaesy for his
passion and dedication in carrying out two highly successful exploration programs over the past two
years that have set us on a solid path for growth," stated Marco Roque, President and CEO of Cassiar
Gold. "We are thrilled to welcome Vern to the team as we look to embark on the most aggressive and
ambitious exploration programs ever at our flagship Cassiar Gold property. Over the past 18 years, Vern
has successfully overseen drill programs that have established combined resources/reserves of over 7.6
million ounces of gold, of which 4.8 million ounces are currently in production. His tremendous wealth of
exploration experience and strong leadership style will be instrumental as we look to significantly grow
resources and make new discoveries at both our Cassiar North and Cassiar South project areas."
Mr. Shein stated: "After reviewing the available data and meeting with the Company's technical advisors
and team, I believe that the Cassiar Gold property has all the ingredients to become a world-class gold
mining camp - a large land package with regional-scale structures, classic orogenic gold veins seen in
the world's largest gold producing regions and a variety of mineralization styles. I look forward to joining
the dedicated management team to define the significant discovery and upside potential at the
property."
About Cassiar Gold Corp.
Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship
Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km
2
and consists of two main project areas: Cassiar North, which hosts a NI 43-101-compliant inferred
resource estimate of 1Moz at 1.43 g/t Au (cutoff grade of 0.7 g/t) known as the as the Taurus Deposit
(see National Instrument 43-101 Technical report on the Cassiar Gold property, amended Nov. 12, 2019,
by S. Zelligan, posted to SEDAR); and Cassiar South which hosts numerous gold showings, historical
workings, and exploration prospects over a >15 km long and up to 10 km wide trend. Historical
underground mines in the Cassiar South area have yielded over 300,000 oz of Au at grades of between
10 and 25 g/t Au (BC Minfile), underscoring the high potential for further discovery and expansion of
bonanza-grade orogenic gold veins.
The Cassiar Gold Property is highly accessible by road and has a fully permitted 300 tpd mill and tailings
facility, which could provide the potential for near-term production if new and expanded high-grade
resources are defined in the areas of active mining leases that cover some of the most prospective parts
of the South Cassiar area.
Cassiar Gold acknowledges, respects, and supports the rights of Traditional First Nations in the lands
and communities where we operate.
CONTACT INFORMATION
Cassiar Gold Corp.
Shirley Anthony
VP Investor Relations & Communications
1-778-999-2771
Forward-Looking Statements
This press release may contain forward-looking statements, including those describing Cassiar Gold
Corp.'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 Gold Corp. and its management. In
particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the
following: regulatory conditions and the Company's ability to receive permits and regulatory approvals,
mineral resource estimates and the assumptions underlying such estimates, and economic factors,
business and operations strategies. These forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause actual results, performance or achievements
expressed or implied by such forward-looking statements to be materially different from expectations.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ, there is no assurance that these forward-looking statements will prove accurate,
or that actual results will not vary materially from such statements. These statements speak only as of the
date of this release, and 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 Regulation 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.
Neither the TSX Venture Exchange nor its Regulation 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.
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