Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: GLDC; CGLCF

Gold Company Reports Best Drill Results to Date at Taurus Deposit
News Update

Share on Stocktwits

Source:

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.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Cassiar Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Cassiar Gold, a company mentioned in this article.





Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe