(www.investorideas.com
Newswire) Cassiar Gold (TSXV:GLDC, OTCQX:CGLCF) recently announced results from nine initial diamond drill holes of the 2025 exploration
program at the Taurus deposit. According to Cassiar, the results
expand mineralization near surface and beyond the extent of the
current resource block model.
The 2025 drill program comprised 7,308 meters over 20 drill holes and
concluded in early October.
Results are pending for 5,243m of drilling over 11 drill holes from
the Newcoast prospect which lies 2 kilometers to the south.
The drill results reported in the Dec. 3 news release are from nine drill holes totaling 2,066m, which tested the
outer margins of the known extents of the Taurus deposit. Drilling was distributed across a 1.3-kilometer corridor of the
deposit footprint to evaluate the expansion potential of
mineralization beyond the block model with step-outs ranging from
30m up to 110m.
The program also followed up recently identified quartz veins hosting
higher-grade gold mineralization along key controlling structural
trends.
Several higher-grade sample intervals were intersected internal to
broader mineralized intercepts.
Locations of Taurus drill holes reported within the Dec. news
release contained within the blue outline.
These extend the distribution of near-surface mineralization south,
east, and west of previous drilling along an extensive east-northeast
striking corridor of sheeted extensional vein sets within an
associated prospective, gold-bearing carbonate-pyrite alteration
halo.
The highlight intercept was from drill hole 25TA-245 at Taurus, which
encountered multiple quartz veins with visible gold, returning 13.4m of 13.4
g/t Au from 28.2m downhole, including 56.10 g/t Au over 0.3m and
210.71 g/t Au over 0.8m, with 0.4m of 369.00 g/t Au.
Visible gold in drill hole 25TA-245 observed in quartz veins hosted
in Fe-carbonate-sericite altered and sulfide-mineralized basalt.
Visible gold in drill hole 25TA-238 observed in quartz veins hosted
in Fe-carbonate-sericite altered and sulfide-mineralized basalt.
Stretching the mining width
High grades over narrow widths must be treated with caution.
It’s been my experience that a comfortable mining width for an
underground operation is 4 meters, which allows machinery to
access the stope.
Let’s take the intercept of 210 grams per tonne over 0.8 meters.
That works out to 1.69 ounces per tonne gold per meter over 4 meters.
At today’s gold prices that is USD$7,500 per tonne, or converted
to Canadian dollars, since the project is in Canada, CAD$10,400 a
meter.
Those are jewelry box grades.
The drilling was outside the pit-constrained resource, so it therefore
has potential to add ounces in the next resource update. There is a
Preliminary Economic Estimate (PEA) due the second quarter of the
year.
More importantly, the intercept is from 28 meters down hole —
very close to surface and open-pittable. And remember, the 210 grams
per tonne over 0.8 meters is the higher-grade portion of the more
continuous 13.4 g/t over 13.4m. That is also a very good grade for an
open pit.
For a visualization, look at Figure 2 below.
Figure 2. Vertical section of drill hole 25TA-245 at Taurus East,
looking to the south. Assay results in red text, along with select
higher grade nested intervals in black, are reported in this news
release.
At Cassiar North, there is an updated (June 2025) pit-constrained
Mineral Resource Estimate (MRE) defined for the Taurus gold deposit,
reported above a 0.4 g/t Au cutoff and USD$2,400/oz gold price
comprising:
-
Indicated Mineral Resource: 8.8 Mt at 1.43 g/t Au for 410,000
ounces; with an additional -
Inferred Mineral Resource: 63.2 Mt at 0.95 g/t Au for 1.93 million
ounces
An astounding 91% of the ounces in the resource occur within 150m of
surface
The 2025 MRE is a substantial increase over the 2022 MRE, which contained an Inferred resource of 1.4
Moz at 1.14 g/t Au, and is currently based on 462 drill holes (~56,500
m) drilled by previous operators but mostly by Cassiar Gold.
The current mineral resource estimate comprises just over a
one-square-kilometer footprint of the 590
km2 property. Mineralization outcrops in places and
extends from surface to a maximum pit depth of 307m, with 48% of the
resource occurring within 50m of surface, 81% occurring within 100m of
surface, and 91% occurring within 150m of surface.
Apart from the high grades, CEO Marco Roque said what is also exciting
is the fact that the new MRE has better-defined, higher-grade domains
than the previous MRE. Cassiar Gold targeted those domains in the
drill program, and they intercepted what they were expecting to find
— higher-grade extensions of the known high-grade corridors.
Cassiar North
The Cassiar North project area hosts the Taurus deposit as well as
multiple similar bulk-tonnage-style regional targets including the
Newcoast, Auroch, Hopeful, Snow Creek, and Lucky prospects, among
others.
As mentioned, Cassiar North hosts an NI 43-101 Inferred resource of
0.4 Moz gold at 1.43 g/t gold Indicated and 1.93 Moz gold at 0.95 g/t
gold Inferred at the Taurus deposit. This is using a 0.40 g/t Au
cut-off.
At the Taurus deposit, mineralization consists primarily of
basalt-hosted low-sulfide gold-bearing veins, which have well-defined
alteration envelopes of quartz-sericite-iron carbonate and pyrite.
Shear veins, extensional veins, thrust-filling veins, as well as vein
arrays and breccia zones all occur, but shear veins are the most
economically significant in terms of gold mineralization.
The Taurus deposit remains open in most directions laterally and at
depth, providing the potential for significant expansion of the
resource and additional discoveries through further exploration.
Conclusion
Drilling at the Taurus deposit continues to demonstrate potential for
ongoing expansion of near-surface mineralization along the main
east-northeast striking sheeted vein sets than defined by the 2025
mineral resource estimate.
The reported drill holes increase the population of high-grade,
visible gold-bearing veins at the deposit, such as drill hole 25TA-245 which delivered 0.3m grading 56.10 g/t Au and
0.4m grading 369 g/t, and hole 25TA-238 with 59.50 g/t over
0.4m, nested in broader intercepts.
From a retail perspective, it’s important to say that Cassiar
has found gold in every single hole it drilled last year. Over the
past five years, the success rate is 99%. Out of almost 300 drill
holes drilled, only a couple missed. Which is an incredible hit ratio
for an early-stage junior and shows the extent of mineralization over
the Cassiar Gold Project.
Note too, there is massive discovery potential. The resource only
occupies one square kilometer out of the 590 square-kilometer land
package.
More results from Taurus are expected this quarter, along with
metallurgy. A preliminary economic assessment (PEA) is due out in Q2.
The company is fully financed for all its commitments.
I’m impressed by Cassiar Gold’s performance at the drill
bit. I’m optimistic 2026 will bring equally good results and
several catalysts that could potentially attract investor attention.
Cassiar Gold Corp.
TSX.V:GLDC,
OTCQX:CGLCF
2026.01.08 Share Price: Cdn$0.40
Shares
Outstanding: 146.6m
Market Cap: Cdn$58.9m
GLDC website
Richard (Rick) Mills
aheadoftheherd.com
Subscribe to AOTH’s free newsletter
Richard does not own shares of Cassiar Gold Corp. (TSX.V:GLDC) GLDC is a paid advertiser on his site aheadoftheherd.com This article is issued on behalf of GLDC
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