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Cassiar Gold – Exploration Update From Taurus West And The East Bain Vein Target Areas

Marco Roque, President and CEO of Cassiar Gold (TSX.V:GLDC – OTCQX:CGLCF), joins us to provide a comprehensive exploration update from multiple areas of focus at the Cassiar Gold Project, in BC.  Cassiar Gold’s 2022 exploration program comprised 23,000 meters in 70 diamond drill holes focused on strategic areas of the Taurus Deposit, as well as significant vein prospects in Cassiar South and other brownfields targets.

 

We review some of the recent bulk-tonnage style drill intercepts stepping outside of the existing pit shell at Taurus West, with drill hole# 22TA-180 intersecting 71.6 m of 1.54 g/t Au from 177.5 m down hole, including 23.5 m of 3.68 g/t Au, expanding mineralization beyond the resource block model along the Taurus West Fault. Results reported here contribute to the progressive expansion of mineralization both within and near the footprint of the Taurus Deposit and further demonstrate continuity of a higher-grade corridor of gold mineralization at the western extent of the deposit.

 

Next Marco outlined the seven holes totaling 2,380 meters, announced on April 4th,  from the East Bain Extension and West Bain areas of the past-producing Bain vein system Bain vein target in the Cassiar South project area. Drill hole# 22EBX-103 intersected multiple mineralized intercepts which include:

  • 14.6 m of 2.21 g/t Au, from 159.5 m downhole, including 4.0 m of 5.05 g/t Au, identifying a potential offset continuation of the past-producing Bain vein system 90 m from previous drilling.
  • 2.16 m of 32.95 g/t Au from 361.9 m downhole, including 0.55 m of 123.50 g/t Au proximal to the Bain vein, and potentially representing a new parallel vein.

 

Results from 13 drill holes totaling 5,259 metres of drilling from this program are yet to be disclosed as the Company continues to await the return of additional assay results. Looking forward, the details are still being finalized for the 2023 drill program, but it will likely be of similar size to last year’s program, focused at Cassiar North, Cassiar South, and also testing additional regional targets like Wings Canyon, Lucky, and Snow Creek. 

 

If you have any questions for Marco on Cassiar Gold, then please email me at Shad@kereport.com.

 

 

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Click here for a summary of all the recent news from Cassiar Gold.

Discussion
11 Comments
    Apr 10, 2023 10:35 PM

    (TSXV: GLDC) (OTCQX: CGLCF) Cassiar Gold Extends Gold Mineralization at East Bain Intersecting 14.6 m of 2.21 g/t Au and 2.2 m of 32.95 g/t Au

    4 Apr 2023

    https://cassiargold.com/news/2023/406-assiaroldxtendsoldineralizationatastainnters20230404110301.html

    Apr 10, 2023 10:36 PM

    (TSXV: GLDC) (OTCQX: CGLCF) Cassiar Gold Expands Gold Mineralization at Taurus West Intersecting 71.6 m of 1.54 g/t Au Including 23.5 m of 3.68 g/t Au

    6 Apr 2023

    https://cassiargold.com/news/2023/407-assiaroldxpandsoldineralizationataurusestnte20230406110302.html

    Apr 10, 2023 10:52 PM

    Could we please get an update from Steve Todoruk on where we are in this cycle? Also, has he adjusted any of his underwriting criteria based on difficulties of finding higher grade rock these days? In the past he said at least 100m of 1.5 gpt gold and 1000m of 1.0% copper before he’d invest. Wanted to see if that was still the case. Thanks – y’all are the best!

    Really good day for gold and silver – cartel testing for weakness and none to be had so far – look for another leg up here for PMs.

      Apr 10, 2023 10:22 PM

      Good suggestion and idea Ryan, and yeah it’s been a little while since we’ve talked to Steve Todoruk, and got his take on things.

    Apr 10, 2023 10:20 PM

    David Brady posts a lot of content almost every day over at Steve Penny’s site – SilverChartist.com.

    I’m reposting this technical message from him today, because it is quite informative on how he sees the setup in the PMs based on Elliot Wave analysis, but if you saw a number of his other posts you’d see it is in alignment with how he sees other fundamental, technical, and sentiment data that is stacking up in favor of a real breakout later this year in the PMs.

    ____________________________________________________________________________________________

    >> David Brady Today, April 10, 2023 – Silverchartist:

    “Hi All, just a brief reminder that we’re undergoing a ‘short-term’ pullback. I’m not sure the bottom is in yet. BUT when we do bottom and break above 2050 in Gold, the sky is the limit IMHO.”

    “Ignore the naysayers, we’re in a classic wave 3 and we’re just waiting for wave ii of 3 to complete here before wave iii of 3 kicks in and takes us to new record highs.”

    “Then we get a wave iv ST pullback and another rally in wave v of 3, which typically matches the size of wave iii or bigger. We’re looking for a peak of 2600-3000 in Gold before the next big pullback imho. Silver will be well north of 30 and closer to 50 when this plays out.”

    “Please keep this in mind. Focus on the big picture.”

    – David Brady

      Apr 11, 2023 11:38 PM

      Nothing’s more important right now than ignoring the naysayers. You don’t have to know EW to know this is a bull market.

        Apr 11, 2023 11:06 PM

        +1 Agreed Matthew.

    Apr 10, 2023 10:59 PM

    Who Are Behind The Gold And Silver Buying

    Richard Mills – Ahead Of The Herd – April 9, 2023

    “Precious metals are back in the spotlight in 2023 as signs of economic slowdown continue to surface and cause uneasiness among investors, in turn driving up the appeal of safe havens.”

    This week’s US labour market data shows that the economy has only been getting worse, with job openings plunging to a two-year low for the month of February, while private sector payrolls grew by less than expected.

    A cooling labour market, plus earlier data revealing a decline in factory orders and slowing manufacturing activity, are all signaling that the US economy is closer to a recession than a recovery. Fears of these economic woes escalating have contributed to what could be another major rally in gold and silver, the go-to hedge for when things go south…”

    https://aheadoftheherd.com/who-are-behind-the-gold-and-silver-buying-richard-mills/

    Apr 11, 2023 11:17 AM

    Role Reversal: The Collapse of the Dollar-Enforced Empire

    Patrick Barron – Mises Wire – 04/07/2023

    “The American empire is not enforced by walls with armed guards to prevent its citizens from escaping but, instead, by the almighty dollar. Since the enthronement of the dollar as a reserve currency in 1944 at the Bretton Woods conference and then the establishment of the petrodollar in the early 1970s, almost all international trade has been conducted in dollars. Thusly, dollars are held by every country’s central bank to settle international trade flows. Alasdair Macleod of Goldmoney calculates that foreigners hold around $31.8 trillion in US liabilities, of which $5.8 trillion is held by ‘official’ institutions. ”

    “But the US has abused this ‘special privilege’ by printing dollars out of thin air. It has funded its empire of hundreds of bases worldwide with excess dollars. Furthermore, it has enforced compliance with its expansionist foreign policy by freezing dollar accounts held by foreign central banks, foreign businesses, and foreign individuals whom it dislikes. By cutting them out of the international financial messaging system known as SWIFT, it has created great hardship on nations held to be offensive to the US.”

    “But these nations have discovered America’s Achilles’ heel and are doing something about it. The almighty dollar rests on a base of sand known as fiat money, which is not redeemable in a desirable commodity such as gold or silver. This characteristic has led to inflation of the dollar over the past fifty years at an ever-accelerating rate. Such inflation causes the exchange value of the dollar to shrink.”

    “Since President Richard Nixon took the US off what was left of the gold standard in the fall of 1971, the dollar’s value against gold has shrunk by 98 percent. No one believes that this debasement will end or even slow down. In fact, the US seems determined to accelerate the dollar’s depreciation to pay for its military adventures and expanding welfare programs…”

    https://mises.org/wire/role-reversal-collapse-dollar-enforced-empire

    Apr 11, 2023 11:13 AM

    All in all…. the PMs have continued to hold up better than many expected, with Gold still north of $2000 and Silver still north of $25.

    I’m seeing a lot of green on the screen again today in most of the PMs stocks, and it is quite constructive that there still are not very many excited investors out there on any of the forums or platforms discussing their stocks continuing to truck it higher and higher.

    It’s so strange…. If we took a time machine back just 5-7 years ago and mentioned to investors then that Gold will be at $2000 and Silver will be at $25, and yet, few would care. It would likely be very hard for folks that were so looking forward to these kinds of moves in the sector to get a report back that the sector still barely has a pulse at these levels, and many companies are trading at lower valuations than when gold made it’s run from $1045 – $1375.

    Also, unlike in 2011 when we were at similar metals prices, there is absolutely no mania to be seen…. no endless commercial for investing in gold/silver, no sign shakers on the street offering to buy people’s gold, no mania at mining conferences…. and in general no fanfare at all….

    Meanwhile most of the legit producers and more established developers in the PM spacer have ripped up solidly in double-digit gains over the last 5-6 months. This is one of the more stealth rallies we’ve seen in this sector in a many years, with it flying mostly under the radar of the majority of investors.

    Gotta love it!

    Apr 24, 2023 24:03 AM

    Added to my position today on financing news.