Cassiar Gold Intersects 50.2 m of 0.66 g/t Au, Including 15.6 m of 1.22 g/t Gold Mineralization at Cassiar South
Cassiar Gold Intersects 50.2 m of 0.66 g/t Au,
Including 15.6 m of 1.22 g/t Gold
Mineralization at Cassiar South
Calgary, Alberta--(Newsfile Corp. - April 20, 2023) -
Cassiar Gold Corp. (TSXV: GLDC) (OTCQX:
CGLCF)
(the "Company") is pleased to announce assay results from the remaining 13 previously
unreported drill holes from the Cassiar South project area as part of the 2022 exploration program
completed at the Company's flagship Cassiar Gold Property. The results reported here are part of
continuing efforts to further explore for extensions of, and for new parallel veins associated with the high-
grade, historically producing mines at Cassiar South.
Cassiar Gold's 2022 exploration program comprised 23,000 meters in 70 diamond drill holes focused
on strategic areas of the Taurus Deposit, as well as significant vein prospects in Cassiar South and
other brownfields targets. These 13 drill holes totaling 5,259 metres reported here represent the final
results from the Company's 2022 drill program.
Highlights from the Cassiar South project area:
Drill hole 22MM-001 intersected
15.9 m of 0.98 g/t Au
,
including 5.9 m of 1.50 g/t Au
, 120 m
west of historical workings and 260 m northwest of previously mined vein segments at the Main
Mine area (Figure 1).
Drill hole 22MM-003 intersected multiple mineralized intercepts which support the interpreted
orientation of mineralized veins encountered in 22MM-001, returning:
50.2 m of 0.66 g/t Au
from 126.9 m downhole, including 8.6 m of 0.95 g/t Au and 10.3 m of
0.92 g/t Au,
15.6 m of 1.22 g/t Au
from 197.0 m downhole,
9.0 m of 1.01 g/t Au
from 219.8 m downhole
Multiple intercepts above 4.00 g/t Au were returned from additional vein targets, including:
0.6 m of 4.18 g/t Au
from 255.5 m in drill hole 22MM-002 at the Main Mine area
2.0 m of 4.80 g/t Au
from 28.0 m in drill hole 22VOL-701 and
1.2 m of 5.77 g/t Au
from
28.7 m in drill hole 22VOL-701A at the Vollaug target area
7.20 g/t Au over 0.8 m
from 21.5 m in drill hole 22CU-407 at the Cusac area.
All holes drilled intersected gold-bearing quartz veins containing anomalous to high-grade gold
across target areas reported in this news release.
Mineralization encountered at the Main Mine area occurs within an unmined area with extensive
alteration and vein density suggesting proximity to major shear veins.
"Our drill program at Cassiar South encountered gold mineralization in all drill holes, achieving our
program objectives and supporting our exploration model," stated Marco Roque, CEO of Cassiar Gold
Corp. "We are eager to build upon the successes of our exploration efforts to-date during the 2023
exploration campaign, which is anticipated to start in early June."
Table 1. Significant 2022 drilling results from Cassiar South based on a >0.5 g/t cutoff.
While
true thickness has not been established, drill holes are designed to cross at high to moderate angles
within known corridors of mineralization based on orientations of mineralized areas defined by
previous drilling and structural data from oriented drill core and outcropping veins.
Target Area
Drillhole
From
To
Length*
Grade
Main Mine
22MM-001
115.9
131.8
15.9 m
0.98 g/t Au
incl.
120.6
126.4
5.9 m
1.50 g/t Au
22MM-002
180.1
181.1
0.9 m
1.60 g/t Au
234.7
236.9
2.2 m
0.94 g/t Au
255.5
256.1
0.6 m
4.18 g/t Au
269.0
294.1
25.2 m
0.59 g/t Au
incl.
271.2
272.1
0.9 m
2.36 g/t Au
with
271.7
272.1
0.4 m
4.58 g/t Au
and
279.5
282.0
2.4 m
1.10 g/t Au
and
287.4
290.3
2.9 m
1.13 g/t Au
with
287.4
287.9
0.5 m
3.34 g/t Au
308.6
332.8
24.2 m
0.61 g/t Au
incl.
308.6
309.0
0.4 m
4.58 g/t Au
and
317.3
319.8
2.4 m
1.09 g/t Au
and
324.4
327.4
3.0 m
1.26 g/t Au
with
324.4
325.1
0.6 m
3.34 g/t Au
488.8
490.8
1.9 m
0.88 g/t Au
22MM-003
126.9
177.2
50.2 m
0.66 g/t Au
incl.
126.9
127.8
0.8 m
1.33 g/t Au
and
142.7
143.5
0.8 m
2.19 g/t Au
with
142.7
143.0
0.3 m
3.41 g/t Au
and
152.0
160.6
8.6 m
0.95 g/t Au
and
166.9
177.2
10.3 m
0.92 g/t Au
197.0
212.6
15.6 m
1.22 g/t Au
219.8
228.9
9.0 m
1.01 g/t Au
Vollaug
22VOL-701
28.0
30.0
2.0 m
4.80 g/t Au
incl.
29.0
30.0
1.0 m
7.03 g/t Au
22VOL-701A
28.7
29.9
1.2 m
5.77 g/t Au
22VOL-702
338.6
339.3
0.7 m
1.49 g/t Au
Cusac
22CU-403
55.5
56.6
1.1 m
1.07 g/t Au
120.9
122.0
1.1 m
1.07 g/t Au
236.2
236.8
0.6 m
1.34 g/t Au
251.3
252.1
0.8 m
1.30 g/t Au
277.5
278.5
0.9 m
1.53 g/t Au
384.4
384.9
0.5 m
2.25 g/t Au
22CU-404
184.7
186.3
1.7 m
1.46 g/t Au
22CU-405
328.0
328.7
0.7 m
0.99 g/t Au
22CU-406
78.9
80.0
1.2 m
1.25 g/t Au
88.8
89.8
1.1 m
1.52 g/t Au
208.9
209.8
0.9 m
1.02 g/t Au
22CU-407
21.1
24.5
3.4 m
2.35 g/t Au
incl.
21.5
22.3
0.8 m
7.20 g/t Au
123.0
124.6
1.6 m
0.94 g/t Au
135.8
137.9
2.1 m
1.25 g/t Au
22BCB-601
abandoned
Pooley Pass
22POP-800
304.9
305.4
0.5 m
2.16 g/t Au
*Drill core lengths are reported here. True widths for these intervals have not been established
Target Area
Drillhole
From
To
Length*
Grade
2022 Cassiar South Project Area
The Cassiar South project area of the Cassiar Gold Property hosts numerous shear vein targets and
several past-producing underground mines including the Bain, Cusac, Vollaug and Main Mines, which
have historically produced over 315,000 ounces of gold grading between 10 to 20 g/t Au
[1]
. The past
producing high-grade Vollaug vein is known to have a strike length of up to 3 km.
Veins at Cassiar South are classic, orogenic-style, high-grade gold veins with free gold.
They occur in
mafic volcanic rocks stacked between low-angle listwanite-bearing thrust surfaces and lenses of fine-
grained clastic sediments. Vein sets occur in multiple mafic volcanic units, and there is potential to
define: (1) stacked veins below known veins in mafic volcanic units of underlying thrust panels; (2)
parallel vein sets beneath overlying sedimentary and listwanite units within thrust panels; (3) extensions
of known vein systems.
Figure 1. Cassiar South 2022 drill campaign location plan map, with the location of drill holes
reported within this release contained within the blue squares (shown in detail in Figures 5 and
7).
Drill holes reported in this news release are shown with yellow collars while 2022 drill holes for which
assays have been previously reported are in orange. Dashed purple lines illustrate potential for
periodicity of parallel vein systems in untested areas between historical drilling and blind veins beneath
sedimentary cover.
Notes - Historical production figures from Zelligan, Moors, Jolette, April 28, 2022.
National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar
Gold Corp, and references therein.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2958/163148_30e3b54d84752b5d_002full.jpg
Main Mine Target
The Main Mine vein system historically produced 150,000 ounces of gold at an average grade of 17.14
g/t Au intermittently from 1979 to 2007
[2]
. In 2022, the Company drilled three holes at the Main Mine area
to evaluate the potential for: (1) parallel shear vein sets to occur near the historical mine, and (2) down
dip extensions of past-producing vein segments.
Drill Holes 22MM-001 and 22MM-003
Drill holes 22MM-001 and 22MM-003 (Table 1; Figure 1, 2, 5) were designed to test potential parallel
vein sets north and west of the historical Main Mine infrastructure in an area where shear veins have not
previously been identified. These drill holes encountered broad intercepts of anomalous gold
mineralization associated with extensive strong quartz-carbonate-sericite alteration and high quartz vein
density (Figure 3) which may indicate close proximity to a major shear vein structure in areas distal to
known veins. Similar broad zones of vein development occur proximal to, or along strike from, historically
mined veins, which suggests that these form highly prospective areas for the potential discovery of new
veins.
Drill hole 22MM-001 returned 15.9 m of 0.98 g/t Au from 115.9 m downhole, including 5.9 m of
1.50 g/t Au
, 120 m west of historical workings and 260 m northwest of previously mined vein segments
(Figure 2).
Drill hole 22MM-003 identified the continuation of veining 40-60 m west of 22MM-001.
This hole
supports the interpreted orientation of mineralized veining intersected in 22MM-001, encountered visible
gold in quartz veining (Figure 4), and returned several broad low-grade intercepts, including:
50.2 m of 0.66 g/t Au
from 126.9 m downhole, including 0.8 m of 1.33 g/t Au, and 0.8 m of 2.19 g/t
Au with 0.3 m of 3.41 g/t Au
15.6 m of 1.22 g/t Au
from 197.0 m downhole
9.0 m of 1.01 g/t Au
from 219.8 m downhole
Figure 2. Oblique vertical section showing 22MM-001 and 22MM-003 at the Main Mine target
area, looking to the east
. Assay results in red and higher grade nested intervals in black are reported
in this news release. Section width +/- 50m.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2958/163148_30e3b54d84752b5d_003full.jpg
Figure 3. 22MM-003 drill core photo depicting high density veining encountered within a 50.2 m
intercept of 0.66 g/t Au (drill core length).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2958/163148_30e3b54d84752b5d_004full.jpg
Figure 4. Visible gold encountered in 22MM-003 hosted in a sulphide-mineralized quartz vein at
142.9 m depth
with a 1 mm wide partial rim of visible gold around a grain of pyrite within a quartz vein.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2958/163148_30e3b54d84752b5d_005full.jpg
Drill Hole 22MM-002
Drill hole 22MM-002 was designed to evaluate the potential down dip extensions of past producing vein
segments 50 m below the 1180 m level of the Main Mine underground infrastructure. This drill hole
encountered broad intercepts of anomalous gold mineralization associated with intense quartz-
carbonate-sericite alteration and extensive high density quartz veins. This hole identified the interpreted
down dip extensions of past producing vein segments of the Main Mine.
Results from 22MM-002 returned (Table 1, Figure 5):
25.2 m of 0.59 g/t Au
from 269.0 m downhole, including
0.9 m of 2.36 g/t Au with 0.4 m of 4.58 g/t Au, and
2.4 m of 1.10 g/t Au, and
2.9 m of 1.13 g/t Au with 0.5 m of 3.34 g/t Au
24.2 m of 0.61 g/t Au
from 308.6 m downhole, including
0.4 m of 4.58 g/t Au, and
2.4 m of 1.09 g/t Au, and
3.0 m of 1.26 g/t Au with 0.6 m of 3.34 g/t Au
Figure 5. Plan map of 2022 drill holes reported in this news release, the location of which is
shown in Figure 1. The vertical projection of the mineralized intercepts which are reported here
are included for reference.
Notes - Historical production figures from Zelligan, Moors, Jolette, April
28, 2022. National Instrument 43-101 Technical Report on the Cassiar Gold Property, prepared for
Cassiar Gold Corp, and references therein.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2958/163148_30e3b54d84752b5d_006full.jpg
Vollaug Vein Target
The Vollaug vein system historically produced 50,000 ounces of gold at an average grade of 10.28 g/t
Au from 1980 to 1997
[3]
. The vein is up to 3 m wide and occupies a nearly three-kilometre-long strike of
the thrust fault at the gently dipping argillite/listwanite contact, parts of which are only tested by widely
spaced drill holes and have the potential for identifying additional mineralization, including in parallel or
associated veins.
In 2022, the Company drilled three holes at the Vollaug vein to test the potential for steeply dipping gold-
bearing shear veins propagating away from the thrust contact, similar to other historically mined veins, as
well as potential stacking of shear veins in underlying mafic volcanic panels.
Drill Hole 22VOL-701 and -701A
Drill hole 22VOL-701 was designed to test for the north and westward extension of the thrust-occupying
Vollaug vein as well as potential steeply dipping and stacked shear veins. This drill hole was abandoned
at 72 m depth due to ground conditions and was re-drilled as 22VOL-701A. Both drill holes encountered
visible gold in the Vollaug vein 40 m west and 20 m north of historical drilling. Results included:
2.0 m of 4.80 g/t Au from 28.0 m downhole
in 22VOL-701, including
1.0 m of 7.03 g/t Au
1.2 m of 5.77 g/t Au from 28.7 m
downhole in 22VOL-701A
Figure 6. Visible gold encountered in 22VOL-701 hosted in a sulphide-mineralized stylolitic
quartz vein at 29.1 m depth
with 1 mm x 0.5 mm wide speck of visible gold within a quartz vein.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2958/163148_30e3b54d84752b5d_007full.jpg
Drill Hole 22VOL-702
Drill hole 22VOL-702 was designed to test for potential steeply dipping and stacked shear veins. The
drill hole tested 150 m below historical drilling where it encountered 21.9 m (drill core length) of altered