Near-Surface Gold Mineralization Expanded At Taurus Southwest

CALGARY - Cassiar Gold Corp. reported on an additional eight diamond drill holes from the 2022 exploration program completed at and near the Taurus deposit, located on the Cassiar Gold Property. Recent drill results support the approach of further exploration drilling at the Taurus Southwest area where significant gold mineralization continues to be encountered. Drill hole 22TA-172 intersected 139.4 m of 0.61 g/t Au, from 28.0 m downhole, extending near-surface mineralization 60 m beyond the extent of the Taurus resource block model. Drill hole 22TA-175A returned 50.1 m of 0.61 g/t Au extending mineralization at depth along the Taurus West Fault, 40 m beyond the extent of the resource block model and pit shell model. Mineralization remains open in this and other parts of the Taurus deposit.

"We are very pleased with these latest results from Taurus Southwest which confirm the high potential for expansion of mineralization associated with the Taurus deposit," stated Marco Roque, CEO. “We look forward to continuing to advance our exploration efforts at the Cassiar Gold property in the coming months."

During the 2022 program, Cassiar Gold conducted over 23,000 meters of diamond drilling from 70 drill holes from June to October. The exploration efforts were concentrated on strategic areas of the Taurus Deposit, key vein prospects at Cassiar South, and other brownfields opportunities on the property. Results from 29 drill holes which cumulatively total 10,225 meters of drilling from the 2022 program are yet to be disclosed as the company continues to await the return of additional assay results.

Geologically, the holes were designed to evaluate the different styles of mineralization which characterize the Taurus Deposit. These include bulk-tonnage style mineralization that consists of east-west trending sheeted vein sets and minor shear zones with coalescing pyrite envelopes, as well as north-northwest trending, east-dipping disseminated pyrite mineralization along the Taurus West Fault corridor.