Cassiar Gold (TSXV: GLDC) has increased the resource estimate for their flagship Cassiar Gold project in Northern BC. The revised resource focuses on the pit-constrained Taurus deposit, which previously saw a resource estimate published in 2022.
Highlights from the results include:
- Indicated resources: 8.8 million tonnes at 1.43 g/t gold
- Containing resources of 410,000 ounces of gold
- Inferred resources: 63.2 million tonnes at 0.95 g/t gold
- Containing resources of 1.93 million ounces of gold
The cut-off grade within the revised resource estimate has notably been dropped from the prior 0.5 g/t cut-off to 0.4 g/t gold. The prior estimate consisted of 1.4 million ounces of inferred gold within the inferred category at an average grade of 1.14 g/t.
Had Cassiar maintained cut-off grades, this revised estimate would have resulted in a total of 0.38 million ounces of gold at 1.66 g/t in the indicated category, and a further 1.71 million ounces of gold at 1.11 g/t within the inferred category.
The revised estimate follows an additional 46,389 metres of drilling at the Taurus deposit which have been incorporated into the estimate. Potential for expansion is said to be present in “most” directions, while several areas of mineralization have been identified outside of the current shell.
“Our cumulative programs have advanced a robust gold deposit that hosts mineralization from surface, with continued exploration upside. We look forward to building on this foundational resource and unlocking the potential of the prospective Cassiar land package,” commented CEO Marco Roque on the results.
Cassiar Gold last traded at $0.245 on the TSX Venture.
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