Cassiar GOLD Corp. Intercepts 1.78 G/T Au over 32.79 M and 3.71 G/T Au over 11.35 M at Taurus Bulk-Tonnage GOLD Deposit IN British Columbia
NEWS RELEASE
CASSIAR GOLD CORP. INTERCEPTS 1.78 G/T AU OVER 32.79 M and 3.71 G/T AU OVER 11.35 M
AT TAURUS BULK-TONNAGE GOLD DEPOSIT IN BRITISH COLUMBIA
HONG KONG and CALGARY, ALBERTA – (December 1, 2020)
Cassiar Gold Corp. (TSX VENTURE: GLDC, OTCQB: CGLCF ) (“Cassiar” or the “Company”) is pleased to
announce assay results for seven more diamond drillholes from the recently completed 2020 drill program
on the company’s 100%-owned Cassiar Gold Property in northern British Columbia, Canada. The primary
goal of this drill program 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 (see Company news release,
September 11, 2019). The initial seven drillholes were previously reported (see Company new release,
November 10, 2020). The remaining 10 drillholes from the program will be reported pending receipt and
confirmation of results.
Highlights
• 2.37 g/t Au over 25.07 m in drillhole 20TA-110 including two occurrences of visible gold
in quartz veins, from the hangingwall of the Taurus West fault;
• 1.78 g/t Au over 32.79 m in drillhole 20TA-119, also from the hangingwall of the Taurus
West Fault;
• Exploration drilling at Wings Canyon yield ed 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 mineralized and it is very exciting to hit visible gold. 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 Marco Roque, CEO
of Cassiar Gold Corp.
“We are also encouraged by the results from Wings Canyon,” said Kaesy Gladwin, VP Exploration for
Cassiar Gold Corp. “Broad gold-mineralized 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.”
Taurus Deposit Drilling Summary
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 . Results are
reported in Table 1.
Five drillholes targeted the sparsely drilled western extent of the 2019 resource in the hangingwall of the
Taurus West Fault (Figure 1), 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 un certain 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.
Figure 1. 2020 drilling at Taurus and Wings Canyon. Resource gold shells projected to surface for
reference. Inset map shows location of detailed area in blue box within Cassiar Gold Property.
Drillholes 20TA-109 and 20TA-110 targeted a 150 m-wide undrilled area in the hangingwall east of the
fault and west of historical drilling. 20TA-110 yielded several zones including 2.37 g/t Au over 25.07 m,
locally with visible gold (Figure 2). 20TA-109 intersected a broad zone of 0.99 g/t Au over 21.49 m. 20TA-
111 targeted the same hangingwall setting, 200 m to the south, and intersected 0.97 g/t Au over 29.65
g/t Au.
Figure 2. Visible gold at 30.5 m down-hole depth in drillhole 20TA-110.
Drillholes 20TA-118 and 20TA-119 were both drilled from one site, testing an under-drilled space in the
resource grade shell from ~50 -100 m vertical depth, as well as a potential southern extension of the
resource. 20TA-118 intersected 1.45 g/t Au over 15.25 m in the upper portion of the drillhole, as well as
numerous mineralized intervals through the resource grade shell gap (Table 1). Drillhole 20TA-119
intersected less robust mineralization through the gap, as well as 1.78 g/t Au over 32.79 m and 1.96 g/t
Au over 7.86 m proximal to a historical drillhole at depth.
Results from the 2020 drilling program suggest that there is potential for strategic infill drilling to add to
the Taurus resource. The drilling results further establish continuity in the Taurus West fault corridor,
which include 1.43 g/t Au over 87.6 m in drillhole TA09-41, 10 m to the east of 20TA-119 at depth, and
1.22 g/t Au over 95.4 m in drillhole T95-13, 70 m to the northwest (Figure 3). Drilling in the Taurus West
fault corridor defines a broad zone of disseminated pyritic and veinlet mineralization within and above
the fault.
Figure 3. Vertical s ection through 20TA-118 and 20TA-119 looking west. 100 m section width. Resource
grade shell (0.5 g/t Au) shown in pink shading. 20TA-119 terminated at Taurus West fault, shown in red.
Wings Canyon Exploration
Wings Canyon is an exploration prospect 600 m southeast of the Taurus deposit (Figure 1) with extensive
outcrop of altered mineralized basalt and abundant quartz vein development in a potential source area
of historical placer gold production. Two drillholes were designed to test across a coincident chargeability
high and resistivity anomaly within a low magnetic response, north and west of minimal historical drilling.
Both drillholes intersected quartz veining in pyrite and iron-carbonate altered basalt characteristic of Au-
bearing rocks at the North Cassiar property, and returned multi -meter intercepts at greater than 1.0 g/t
Au (Table 2).
Drill hole 20TA-105 intersected two narrow high-grade vein intercepts of 0.4 m at 12.0 g/t Au and 0.5 m
at 19.5 g/t Au within a broader interval of 1.8 g/t Au over 10.0 m. Drillhole 20TA-106 intersected 8.70 m
of 1.45 g/t Au, with a long interval above this of low grade mineralization between 7 and 42 m. These
results confirm that significant mineralization is present at Wings Canyon, as well as supporting the
viability of induced polarization (IP) geophysical methods to identify mineralized trends at Taurus.
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. Drillholes not included in this table are
pending receipt and validation of results.
Target Hole ID From To Length Au
Taurus West Fault
hangingwall
20TA-109 24.02 26.11 2.09 m 0.78 g/t Au
39.30 40.50 1.20 m 4.19 g/t Au
70.35 74.60 4.25 m 0.91 g/t Au
89.13 110.62 21.49 m 0.99 g/t Au
including 89.13 102.82 13.69 m 1.29 g/t Au
153.20 161.32 8.12 m 0.59 g/t Au
Taurus West Fault
hangingwall
20TA-110 14.93 40.00 25.07 m 2.37 g/t Au
including 28.65 40.00 11.35 m 3.71 g/t Au
including 30.42 32.17 1.75 m 8.55 g/t Au
and 35.36 37.90 2.54 m 7.12 g/t Au
50.80 54.40 3.60 m 1.38 g/t Au
60.20 70.37 10.17 m 0.64 g/t Au
88.65 94.40 5.75 m 0.68 g/t Au
118.03 119.53 1.50 m 1.80 g/t Au
140.03 142.04 2.01 m 1.90 g/t Au
146.65 156.43 9.78 m 1.32 g/t Au
176.00 179.90 3.90 m 0.92 g/t Au
Taurus West Fault
hangingwall
20TA-111 11.66 16.30 4.64 m 0.70 g/t Au
30.55 33.50 2.95 m 0.64 g/t Au
37.80 67.45 29.65 m 0.97 g/t Au
71.80 78.60 6.80 m 1.06 g/t Au
84.55 100.30 15.75 m 0.71 g/t Au
104.70 108.30 3.60 m 1.44 g/t Au
133.50 135.40 1.90 m 0.74 g/t Au
Taurus West Fault
hangingwall
20TA-118 20.83 22.50 1.67 m 1.66 g/t Au
30.25 35.40 5.15 m 0.65 g/t Au
41.80 57.05 15.25 m 1.45 g/t Au
including 46.20 46.50 0.30 m 13.20 g/t Au
and 47.30 47.93 0.63 m 9.57 g/t Au
77.47 78.44 0.97 m 3.81 g/t Au
82.75 89.80 7.05 m 1.99 g/t Au
including 88.50 89.23 0.73 m 9.50 g/t Au
98.48 102.58 4.10 m 0.69 g/t Au
107.05 108.30 1.25 m 1.13 g/t Au
111.51 113.70 2.19 m 0.53 g/t Au
122.70 152.00 29.30 m 0.60 g/t Au
155.38 158.30 2.92 m 1.20 g/t Au
162.80 163.90 1.10 m 1.67 g/t Au
175.21 176.45 1.24 m 1.80 g/t Au
180.00 182.15 2.15 m 0.87 g/t Au
186.45 189.90 3.45 m 0.62 g/t Au
201.60 203.32 1.72 m 0.69 g/t Au
243.02 244.75 1.73 m 1.74 g/t Au
260.85 268.81 7.96 m 0.62 g/t Au
274.50 278.27 3.77 m 0.57 g/t Au
281.38 283.77 2.39 m 0.71 g/t Au
292.50 295.64 3.14 m 1.00 g/t Au
Taurus West Fault
hangingwall
20TA-119 24.60 37.20 12.60 m 0.63 g/t Au
62.00 64.60 2.60 m 0.51 g/t Au
68.60 69.40 0.80 m 5.14 g/t Au
91.25 94.00 2.75 m 0.67 g/t Au
114.24 118.20 3.96 m 0.82 g/t Au
218.20 250.99 32.79 m 1.78 g/t Au
270.23 278.09 7.86 m 1.96 g/t Au
Table 2. Selected mineralized intercepts from 2020 drilling at the Wings Canyon prospect.
Target Hole ID From To Length Au
Wings Canyon 20TA-105 6.70 13.00 6.30 m 0.50 g/t Au
15.95 21.10 5.15 m 0.83 g/t Au
32.40 33.90 1.50 m 0.53 g/t Au
137.50 147.50 10.0 m 1.80 g/t Au
including 140.65 141.05 0.40 m 12.00 g/t Au
including 145.00 145.50 0.50 m 19.50 g/t Au
160.00 162.05 2.05 m 3.27 g/t Au
Wings Canyon 20TA-106 7.14 20.40 13.26 m 0.61 g/t Au
25.45 42.29 16.84 m 0.64 g/t Au
48.15 51.41 3.26 m 1.26 g/t Au
53.80 58.30 4.50 m 0.59 g/t Au
103.00 111.70 8.70 m 1.45 g/t Au
123.56 125.57 2.01 m 0.90 g/t Au