Cassiar GOLD Corp. Intercepts 2.84 G/T Au over 12.3 M, 1.79 G/T Au over 23.75 M, and 29.1 G/T Au over 0.45 M at Taurus Bulk-Tonnage GOLD Deposit
NEWS RELEASE
CASSIAR GOLD CORP. INTERCEPTS 2.84 G/T AU OVER 12.3 M, 1.79 G/T AU OVER 23.75 M,
AND 29.1 G/T AU OVER 0.45 M AT TAURUS BULK-TONNAGE GOLD DEPOSIT
HONG KONG and CALGARY, ALBERTA – (November 10, 2020)
Cassiar Gold Corp. (TSX VENTURE: GLDC, OTCQB: CGLCF) (“Cassiar” or the “Company”) is pleased to
announce assay results for seven diamond drillholes from its — recently completed 2020 drill program on
its 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 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). The
remaining 17 drillholes from the program will be reported pending receipt and confirmation of results.
Highlights
• 23.75 m at 1.79 g/t Au and 4.80 m at 3.90 g/t Au returned from undrilled near-surface gap in bulk-
tonnage resource
• Infill drilling provides additional geological confidence and confirms historical drill results for the
Taurus gold deposit, including 14.85 m at 2.27 g/t Au at surface
“This first set of results are extremely positive and significant to us. They all contained gold mineralization,
confirmed and added confidence to historical results, and have the potential to add near surface ounces
to our already significant resource. I am very exci ted to see the next batches of results which will be
received over the following weeks. Our strategy is to continue exploring and expanding the Taurus Deposit
while we shift our focus toward the high-grade targets at South Cassiar, a few kilometers south of Taurus
and a former high-grade gold producer hosting a high-grade historic resource. With the addition of David
Rhys and Doug Kirwin to our Technical Advisory Board and the closing of our private placement of CAD
6,65M our company has the direction and funding needed to continue drilling at both Taurus and our high
grade targets at South Cassiar, as we look to establish Cassiar Gold as a multimillion ounce district scale
gold project.” commented Marco Roque, CEO of Cassiar Gold.
Taurus Deposit Drilling Summary
The drill holes were planned to confirm historical diamond drilling and reverse circulation (RC) drilling
results, or to infill gaps within the 2019 Taurus bulk-tonnage resource model. Results are reported in Table
1.
Four drillholes targeted a previously undrilled 150 m x 150 m gap in the 2019 resource ( “GAP” in Error!
Reference source not found.). Of note is drillhole 20TA-108, which intersected 23.75 m at 1.79 g/t Au at
the west end of the gap. Also, within the gap, and 100 m to the east of 20TA -108, drillhole 20TA -112
intersected 4.80 m at 3.90 g/t Au and 6.29 m at 1.36 g/t Au. These intercepts support the potential to
increase the resource base at Taurus through infill drilling of the current resource.
Drillhole 20TA-104 was drilled 14 m to the west and parallel to historic drillhole 96-124. Several significant
intersections were returned, including 14.85 m at 2.27 g/t Au and 9.0 m at 1.33 g/t A u, confirming
historical results and indicating along-strike continuity of mineralization.
Hole 20TA -102 was drilled parallel to and 10 m to the east of historic drillhole T96-96. Significant
intercepts include 9.10 m at 1.73 g/t Au, 12.3 m at 2.84 g/t Au, and 17.6 m at 1.00 g/t Au, consistent with
historical results.
Figure 1. 2020 drilling at Taurus bulk-tonnage gold deposit. Resource gold shells projected to surface for
reference. Blue box in inset map shows Taurus area within Cassiar Gold Property.
“The Taurus resource is an important foundational component of the Cassiar gold project. We are pleased
to be able to refine and develop the geological model with these new drilling results and with structural
data collected through the program that can be leveraged to advance the project,” stated Kaesy Gladwin,
VP Exploration.
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.
Hole ID From To Length Au Comments
20TA-101 22.50 25.10 2.60 m 0.69 g/t Au Test Hole
20TA-102 7.50 9.50 2.00 m 0.64 g/t Au collared in mineralization
25.90 28.00 2.10 m 1.69 g/t Au
31.25 31.95 0.70 m 1.88 g/t Au
41.00 47.80 6.80 m 1.02 g/t Au
including 45.90 46.00 0.10 m 11.90 g/t Au
50.50 68.10 17.60 m 1.00 g/t Au
75.75 84.85 9.10 m 1.73 g/t Au
90.35 102.70 12.30 m 2.84 g/t Au
including 90.35 91.10 3.15 m 4.68 g/t Au
and 95.45 98.00 2.55 m 2.03 g/t Au
and 101.80 102.25 0.45 m 29.10 g/t Au
115.50 117.50 2.00 m 1.35 g/t Au
20TA-104 6.00 20.85 14.85 m 2.27 g/t Au collared in mineralization
including 7.05 12.50 5.45 m 2.87 g/t Au
and 14.00 15.70 1.70 m 6.34 g/t Au
29.20 31.50 2.30 m 1.54 g/t Au
33.60 42.60 9.00 m 1.33 g/t Au
including 33.60 36.20 2.60 m 2.74 g/t Au
48.70 60.00 11.30 m 0.71 g/t Au
including 48.70 55.55 6.85 m 0.95 g/t Au
with 53.35 55.55 2.20 m 1.60 g/t Au
20TA-107 14.88 17.20 2.32 m 1.14 g/t Au
22.00 23.50 1.50 m 0.85 g/t Au
45.00 51.81 6.81 m 2.40 g/t Au
112.87 115.07 2.20 m 1.53 g/t Au
20TA-108 41.20 42.60 1.40 m 0.83 g/t Au
66.09 89.84 23.75 m 1.79 g/t Au
including 73.10 82.53 9.43 m 2.82 g/t Au
with 77.10 82.53 5.43 m 3.57 g/t Au
20TA-112 40.3 46.59 6.29 m 1.36 g/t Au
including 40.3 42.5 2.20 m 2.28 g/t Au
95.5 97 1.50 m 2.30 g/t Au
121.65 126.45 4.80 m 3.90 g/t Au
including 122.2 125.45 3.25 m 4.55 g/t Au
142.6 148.5 5.90 m 0.61 g/t Au
20TA-113 21.70 23.70 2.00 m 1.29 g/t Au
46.80 48.00 1.20 m 0.95 g/t Au
68.40 73.20 4.80 m 1.11 g/t Au
including 68.40 69.55 1.15 m 2.20 g/t Au
76.20 79.00 2.80 m 1.38 g/t Au
81.80 85.40 3.60 m 1.35 g/t Au
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 is drilled with HQ drill core oriented using the
REFLEX ACTIII system. Drill core samples selected a nd analyzed in the 2020 exploration program are
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 are routinely inserted into the sample
stream, as part of Cassiar Gold Corp.’s quality control/quality assurance (QAQC) program. All samples are
delivered to the SGS Canada preparation facility in Whitehorse, Yukon, where they are processed, and
then shipped to the SGS Canada analytical facility in Burnaby, British Columbia. Samples are analyzed for
gold by 50 gram fire assay with finish by atomic absorption or gravimetric methods. Screen metallic
analysis is performed on selected samples. SGS Canada quality systems and technical aspects 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 nec essarily 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 particular , 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 documents 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 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.
CONTACT INFORMATION
Cassiar Gold Corp.
https://www.cassiargold.com
Marco Roque
CEO and a Director
+852 6691 6295