Cassiar Gold – Recapping The Last 13 Drill Holes From Cassiar South And Key Takeaways From The 2022 Exploration Program

Marco Roque, President and CEO of Cassiar Gold (TSX.V:GLDC – OTCQX:CGLCF), joins us to review the release of assays from the final 13 holes from last year’s drill program. 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 in British Columbia. 


These 13 drill holes just released to the market on April 20th,  totaled 5,259 meters and further explored for extensions of, and for new parallel veins associated with the high-grade, historically producing mines at Cassiar South. Drill hole# 22MM-001 intersected 15.9 m of 0.98 g/t Au, including 5.9 m of 1.50 g/t Au, 120 m west of historical workings and 260 m northwest of previously mined vein segments at the Main Mine area. Drill hole# 22MM-003 intersected multiple mineralized intercepts returning 50.2 m of 0.66 g/t Au, including 8.6 m of 0.95 g/t Au and 10.3 m of 0.92 g/t Au, 15.6 m of 1.22 g/t Au, and 9.0 m of 1.01 g/t Au.


Marco unpacks what the exploration team learned from these results in context with the key takeaways from the overall 2022 drill program, and some of the areas of focus for the year to come. We wrap up discussing the recently announced financing, where the underwriters have agreed to purchase 12,700,000 flow-through units of the Company to be resold to charitable purchasers at a price of C$0.75 per Charity FT Unit  on a “bought deal” basis for gross proceeds of C$9,525,000.


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