Gold Company Reports Best Drill Results to Date at Taurus Deposit

Cassiar Gold's Taurus deposit returns intercepts such as 83.42 meters of 1.2 g/t gold at its Cassiar asset.

Cassiar Gold Corp. (GLDC:TSX.V; CGLCF:OTCQB) announced in a news release the drill results, including the best to date, of the final 10 holes of its 2020 program targeting the Taurus deposit of its Cassiar gold project in British Columbia. This batch of diamond drill results is from the deposit's Taurus and Sable zones.

"The primary goal of the program was to confirm and expand the 43-101 inferred near-surface resource of 1 million ounces at 1.43 g/t Au estimated at Taurus in 2019," the company stated.

"The remarkable intercept lengths with attractive grades within and around the Taurus resource enhance our confidence in the deposit and its potential for expansion," CEO Marco Roque said in the release. "As we turn our attention towards our high-grade targets at South Cassiar, I couldn't be happier with the Taurus campaign and the results this team has put together."

Regarding Taurus, assay highlights are from the holes drilled in the central part of the Taurus deposit, one of two main areas at the Cassiar asset. Intercepts include 83.42 meters (83.42m) of 1.2 grams per tonne gold (1.2 g/t Au) in hole 20TA-114. Hole 20TA-120 encountered 9.59m of 2.51 g/t Au, which was consistent with assay results from adjacent historical drill holes.

As for Sable, in the southeast portion and one of the highest-grade zones of the Taurus deposit, drilling showed multiple broad areas of mineralization in hole 20TA-116. They included 18.22m of 5.43 g/t Au, 0.75m of 22.4 g/t Au and 13.55m of 2.77 g/t Au. Also, hole 20TA-121 demonstrated 15.9m of 1.34 g/t Au, 0.46m of 53.5 g/t Au and 0.4m of 32.2 g/t Au.

The 2020 drill program at Cassiar, completed in October 2020, comprised 24 holes drilled over 4,718 meters. The company previously reported the results of the other 14 holes.

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