Cassiar Gold’s Field Campaign Confirms Extension of Gold Showings and Defines Multiple New Exploration Targets
NEWS RELEASE
Cassiar Gold’s Field Campaign Confirms Extension of Gold Showings and Defines
Multiple New Exploration Targets
CALGARY, ALBERTA – (April 16, 2025) – Cassiar Gold Corp. (TSX-V: GLDC, OTCQX: CGLCF) (“Cassiar Gold” or the
“Company”) is pleased to report the results of surface exploration conducted across the Cassiar North project
area of the Cassiar Gold Property in northern British Columbia during the 2024 exploration program.
The 2024 field campaign was designed to provide the geological, geochemical, and geophysical base for
exploration beyond established drill targets. Results from this field program, conducted concurrent to the
Company’s 2024 diamond drill program, identified new mineralization with grades up to 25.60 grams per tonne
(g/t) gold (Au) in grab samples and highlight several priority exploration targets. Results from newly acquired 3D
DC-resistivity and induced polarization (DCIP), magnetics, and very low frequenc y electromagnetic (VLF-EM)
survey data remain pending.
Highlights:
Cassiar Gold’s field crews have identified new mineralization trends at Cassiar North regional prospects through
the combined interpretation of geological mapping, surface rock sampling, and soil sampling (Figures 1,2,3).
• Mapping/surface rock sample results:
o Yielded surface samples up to 25.60 g/t Au and expanded the Newcoast prospect, tracing
the mineralized corridor over 4 kilometres (km) in strike-length and 700 m width.
o Expanded surface mineralization at the Auroch showing where grab samples returned 7.92
g/t Au and 4.68 g/t Au.
o Identified new parallel gold -bearing veins and expanded the footprint of mineralization at
the Hopeful prospect up to 200 m along-strike & 240 m south of the known gold occurrences.
• Multiple gold-in-soil anomalies were identified in soil sample results, at Cassiar North and remain
open beyond the extent of the survey grid.
“Our recent field work has delivered very encouraging results.” said Jill Maxwell, VP Exploration for Cassiar Gold
Corp. “ Detailed mapping, grab sampling, and soils sampling has delineated multiple structurally controlled
exploration targets with potential to host significant gold mineralization, supporting our exploration model and
highlighting the potential for a larger min eralized footprint than previously defined. We’re excited to advance
our current phase of work, focussing on refining drill targets within these high-priority zones.”
Figure 1. Cassiar North 2024 field campaign plan view of detailed map areas (yellow stars), grab sample locations, soil
sample locations, relative to geophysical survey grids for which results/interpretations remain pending.
Mapping and Sampling Program
The Cassiar Gold Property hosts several targets with potential to host Taurus deposit- style mineralization in
outlying areas to the Cassiar North project area where the Taurus bulk -tonnage Inferred gold resource resides
with an estimated 1.4 million ounces grading 1.14 grams per tonne (g/t) gold (Au) [1]. This potential is in addition
to the high-grade shear vein deposit style, typical of the past-producing mines at the Cassiar South project area,
which holds potential to host new parallel veins associated with high-grade mineralization, and extensions and
fault offsets of the past-producing systems.
Between June and October 2024, Cassiar’s field crew conducted geological mapping across an 11 km² area
immediately south of the Taurus inferred mineral resource. This program followed up on anomalous gold-
in-soil results and higher-grade surface samples identified in the 2023 field season. Mapping assessed
volcanic-sedimentary contacts and investigated structural controls at priority prospects, refining target
interpretations. Over 1,500 outcrops were mapped and selectively sampled, focusing on expanding
previously identified alteration and mineralization zones.
Of the 161 rock samples collected across the project area, 34 samples returned gold assay values >0.50 g/t
Au (cutoff grade of the 2022 Taurus Inferred resource [1]) and 20 samples exceed 1.00 g/t Au.
The newly identified mineralized showings exhibit similar physical characteristics to that of the Taurus
deposit – with sporadically outcropping and near surface narrow sheeted quartz veining, disseminated
pyrite, arsenopyrite, and gold-bearing alteration halo in mafic volcanic host rocks. The prospects in the
broader map area are separated by relatively flat ground with thin cover, limited outcrop exposure, and
very little exploration.
Detailed Map Areas
The 2024 detailed map areas focused on three highly prospective areas peripheral to the Taurus deposit:
the Newcoast Prospect, the Bos Trend-Auroch Showing, and the Hopeful Prospect. Key highlights from
surface rock sample results are included in Table 1, Figure 2.
Findings identify new areas for follow-up and expand the mineralized footprint at all 3 map areas,
highlighting the ongoing potential for continued growth and advancement at Hopeful and Auroch, while
newly identified extensions of gold mineralization at Newcoast suggest potential for an extensive, more
continuous mineralized system with room for further expansion.
Newcoast Prospect:
This northeast-trending target is host to numerous gold-bearing quartz veins and mineralized showings
over 4 km in east-west lateral extent and is located immediately north of paved provincial Highway 37.
An 800 m stretch with limited outcrop exposure separates mineralization at the eastern and western
extents of the Newcoast trend. Outcomes of the 2024 program:
• Identified new vein segments, including
o Quartz vein grab sample A0668688 returned 25.60 g/t Au, 45 m northeast of known
showings.
• New showings returned 3.01 g/t Au and 2.53 g/t Au, extending surface mineralization 135 m west.
• Expanded the width of the Newcoast mineralized trend by 80 m, establishing up to 720 m-wide
target corridor.
Bos Trend-Auroch Showing
Located (1.6 km) east of Taurus mine and 1.2 km northeast of the Cassiar Road, this target area was
identified during the 2023 field program. The Bos Trend follows a 900 m northwest-trending structure
with anomalous gold-in-soil results extending beyond a major shear zone. The Auroch showing, also
discovered during the 2023 season, hosted grab and float samples that returned 9.82 g/t Au and 20.30
g/t Au respectively, with soil samples up to 5.50 ppm Au (see NEWS RELEASE, March 1, 2024).
• Sulphide-mineralized mafic volcanic grab samples returned:
o 7.92 g/t Au (sample A0668554), extending mineralization 30 m northeast along strike
from a 9.82 g/t Au sample collected in 2023, and
o 4.68 g/t Au (sample A0668556), further confirming the continuity of mineralization at
this showing, which remains open.
Hopeful Prospect:
Situated 600 m south and 250 m southeast of the 2022 Taurus Resource pit shell boundary, previous
mapping identified a series of parallel east-west trending quartz veins with altered and gold-mineralized
wall rock. Results from the 2024 field campaign expand the mineralized footprint at the Hopeful
prospect to a 475 m x 330 m area.
• The 2024 field program identified new parallel veins and vein segments which:
o increase the extent of the mineralized trend along-strike by up to 200 m (ex 3.41 g/t Au
in sample A0668608 and 2.01 g/t Au in A0668607), and
o extend the width of the mineralized footprint 240 m south of known mineralization.
Figure 2. 2024 geological map with grab sample results (g/t Au), relative to the Taurus Inferred Mineral Resource . Areas
for follow up identified during 2023 field campaign were subject to detailed mapping in 2024 and are highlighted by
yellow rectangles.
Table 1. Significant 2024 surface rock sample results from the Cassiar North project area based on a >1.0 g/t Au
cutoff. Samples reported in the table are grab samples. Note: grab samples are selective by nature and are not
necessarily indicative of similar mineralization on the property.
Sample ID UTM Easting UTM Northing Lithology Au (g/t)
A0668554 462093 6570167 quartz vein 7.92
A0668556 462093 6570167 mafic volcanic 4.68
A0668607 459967 6569728 mafic volcanic 2.01
A0668608 460020 6569673 quartz vein 3.41
A0668616 459838 6569613 mafic volcanic 1.15
A0668642 459909 6569472 mafic volcanic 1.51
A0668648 460463 6569318 mafic volcanic 1.06
A0668649 460416 6569311 mafic volcanic 2.17
A0668665 461593 6568146 mafic volcanic 1.76
A0668666 461480 6568114 mafic volcanic 1.17
A0668667 461475 6568107 mafic volcanic 3.01
A0668670 461856 6568038 mafic volcanic 1.62
A0668674 461884 6568077 mafic volcanic 2.53
A0668675 462005 6567960 mafic volcanic 1.15
A0668677 462299 6568028 mafic volcanic 1.18
A0668678 462247 6567949 mafic volcanic 1.42
A0668688 462171 6568180 quartz vein 25.60
A0668719 463743 6569270 mafic volcanic 1.10
A0668721 463743 6569270 mafic volcanic 1.02
A0668724 459882 6569735 quartz vein 1.88
Soil Sampling
A total of 569 soil samples were collected by Cassiar Gold personnel over two grids covering a 2.5 km² area.
The soil sampling program aimed to expand the coverage of property soil grids in areas with sparse outcrop
exposure and limited historical data. The grids aimed to evaluate continuity and potential for expansion of
known mineralization, and to delineate new target areas to the north and south of the Taurus resource.
Multiple gold-in-soil anomalies were identified (Figure 3).
Elan Grid: A 1 km² grid immediately north of the 2022 resource pit shell boundary, centered 150 m
south of the 3 km-long, gold -bearing Elan vein. Two discrete anomalies (E1, E2) were identified,
occurring parallel to the general trend of the Elan vein and narrow sheeted extensional vein sets
associated with Taurus deposit mineralization.
• Anomaly E1: a 640 m east-northeast trend of elevated gold-in-soils, including 0.87 parts per
million (ppm) Au in sample A0669249, immediately south and parallel to the mapped trend of
the Elan Vein.
• Anomaly E2: a second parallel east-northeast trend extending over 820 m, located 450 m south
of the Elan vein and 125 m north of the Taurus resource open pit shell model boundary. E2
comprises a narrow trend of anomalous gold-in-soils, including 0.30 ppm in sample A0669401.
Hopeful Grid: A 1.5 km² grid bounded by the 2022 resource pit shell boundary to the north and Wings
Canyon to the east, extending southward from the Taurus deposit and centred around the Hopeful
prospect. Two east-northeast trending anomalies (H1, H2), both subparallel to the orientation of
outcropping extensional veins at The Taurus deposit and Hopeful prospect, were identified in the survey
area.
• Anomaly H1: borders the southern extent of the Taurus resource open pit shell model boundary
forming a narrow east-northeast trend extending 850 m, parallel to sheeted extensional vein
sets at the Taurus deposit. Results included samples A0668878 and A0668967 which returned
0.76 ppm Au and 1.02 ppm Au respectively.
• Anomaly H2: spans 850 m x 300 m and coincides with areas of thin cover proximal to the
Hopeful prospect. This anomaly returned the highest assays of the program, including 3.38 ppm,
2.83 ppm, 2.53 ppm and 2.30 ppm in samples A0668977, A0668984, A0668983, and A0669112,
respectively with the highest grades occurring proximal to the area of the Wings Canyon
brownfields target.
Figure 3. Soil sample grid with gold assays, relative to the Taurus Inferred Mineral Resource. Anomalies of interest are
indicated by black dashed outlines and commonly remain open or extend beyond the extent of the survey grid in
historical datasets.
Summary
Through integrated field methods, Cassiar Gold has identified several new exploration targets, refined geologic
context at areas slated for follow up field investigations , and reinforced the prospectivity of the district .
Geophysical survey results from the 2024 field campaign are being interpreted and integrated into the property
exploration model at his time. A summary of geophysical results will be announced upon completion.
Exploration targeting and program planning is ongoing in advance of the field se ason which will commence in
the second quarter of 2025 following the completion of a n update to the mineral resource estimate for the
Cassiar Gold Property, which is currently in progress.
Stock Options
On April 16, 202 5, the Company will grant 1,125,000 stock options (the "Options") to certain directors and
officers of the Company pursuant to its 10% rolling share option plan ("Stock Option Plan"). The Options will
vest with 2/3 of the Options vesting in 12 months from the date of grant, and the remaining 1/3 of the Options
vesting in 24 months from the date of grant. The exercise price of the Options will be $0.23.
RSUs and DSUs
On April 16, 2025, the Company has awarded 1,057, 400 restricted share units ("RSUs") and 45 0,000 deferred
share units ("DSUs") to certain directors and officers of the Company pursuant to its fixed RSU/DSU plan
("RSU/DSU Plan"). The RSUs and DSUs will vest with 2/3 of the RSUs and DSUs vesting in 12 months from the
date of the grant, and the remaining 1/3 of the RSUs and DSUs vesting in 24 months from the date of grant. Each
vested RSU or DSU will be satisfied for one full paid and non-assessable Common Share issued from treasury at
a price based on the cl osing price of the Common Shares on April 16, 2025. The Stock Option Plan and the
RSU/DSU Plan provides for awards of no more than 12,721,000 Common Shares.
Qualified Person
The technical information in this news release has been reviewed and approved by Jill Maxwell, P.Geo., Cassiar
Gold Corp.’s VP Exploration, who is a Qualified Person as defined by National Instrument 43-101.
Methodology, Quality Assurance (QA) and Quality Control (QC)
The 2024 Cassiar grab samples were selected and described by Company Geologists prior to bagging in the
field. Certified gold reference standards and blanks were routinely inserted into the sample stream as part of
the Company’s QA/QC program. All samples were delivered to the ALS Global preparation facility in
Whitehorse, Yukon, where they were shipped to the ALS Global analytical facility in Vancouver, British
Columbia for processing and analyses. Samples were analyzed for gold by 50-gram fire assay with finish by
atomic absorption or gravimetric methods, as well as 34 multielement analysis via 4 acid digest with ICP-AES
finish.
The 2024 Cassiar soil samples were predominantly comprised of B and C horizon material, dependent on the
nature of terrain and soil development at a sample station. Samples were bagged, transported and submitted
for preparation at ALS prep facility in Whitehorse, YT with analyses at ALS Global in Vancouver, BC. The soil
samples were reconnaissance in nature and the Company has relied on the internal QA/QC practices of ALS for
this series of sampling. Samples were dried then sieved up to -180 micron (80 mesh), analyzed for gold by 30-
gram fire assay and 51 multielement analysis aqua regia digestion with ICP-MS finish.
ALS Global quality systems and technical aspects conform to requirements of ISO/IEC Standard 17025
guidelines.
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