A few weeks ago, Cassiar Gold (GLDC.V) released the assay results from the initial six diamond drill holes that were completed as part of the 2024 exploration program on its flagship and namesake Cassiar Gold project in British Columbia. The company completed almost 6,000 meters of drilling in 27 drill holes.
All holes drilled at Taurus West encountered relatively thick intervals with gold-bearing mineralization at a grade that is exceeding the 0.5 g/t gold cutoff grade used in the 2022 resource calculation. The bullet points below show the highlights of the drill program.
According to the company, the new intersections are expanding the near surface mineralization and offer a better insight in the continuity of the mineralization along a key structure, and the encountered mineralization will help to expand the currently known resource on the Taurus Deposit. That resource currently contains 1.4 million ounces of gold at an average grade of 1.14 g/t gold, and remains open.
Disclosure: The author has a small long position in Cassiar Gold. Please read the disclaimer.
