Cassiar Gold drills 13.53 g/t gold over 13.4 metres, including 210.71 g/t gold over 0.8 metres; extends higher-grade domains at the Taurus Deposit, British Columbia
Cassiar Gold Corp. [TSXV: GLDC; OTCQX: CGLCF] reported results from nine initial diamond drill holes of the 2025 exploration program at the Taurus Deposit, which is located within the Cassiar Gold Project, in northern British Columbia.
Results from these drill holes demonstrate potential for ongoing expansion of near-surface mineralization along key structural trends and increase the population of high-grade, visible gold-bearing veins at the deposit. The 2025 drill program comprised 7,308 metres over 20 drill holes and concluded in early October. Results are pending for 5,243 metres of drilling over 11 drill holes from the Newcoast regional prospect which lies 2 km to the south.
Highlights: Drill holes from the Taurus deposit reported here encountered significant intercepts above the 0.4 g/t gold cutoff of the 2025 Mineral Resource at Taurus, with repeated occurrence of high-grade samples hosted within broader mineralized intervals. Results expand mineralization near surface and beyond the extent of the current resource block model.
Drilling intercepts are uncapped unless otherwise stated and represent apparent widths of mineralized zones. Results include drill hole 25TA-245 that encountered multiple quartz veins with visible gold, returning 13.4 metres of 13.4 g/t Au (2.05 g/t Au capped) from 28.2 metres downhole in drill hole 25TA-245, including 56.10 g/t Au over 0.3 metres, and 210.71 g/t Au over 0.8 metres, with 0.4 metres of 369.00 g/t Au.
Drill hole 25TA-242 returned 21.9 m of 2.81 g/t Au (2.80 g/t Au capped) from 45.8 m downhole, including 9.41 g/t Au over 1.5 m, 5.41 g/t Au over 2.7 m, and 6.90 g/t Au over 2.3 m, with 0.30 m of 20.30 g/t Au.
Drill hole 25TA-238 returned 21.7 m of 1.30 g/t Au from 13.1 m down hole, including 8.1 m of 2.18 g/t Au and 0.9 m of 5.11 g/t Au, 11.3 m of 1.21 g/t Au, including 0.6 m of 8.33 g/t Au, and 0.8 m of 7.38 g/t Au; 0.9 m of 27.18 g/t Au (9.63 g/t Au capped), including 59.50 g/t Au.
Drill hole 25TA-239 returned 7.56 g/t Au over 2.0 m, including 0.4 m of 19.55 g/t Au and 0.8 m of 9.14 g/t Au.
“Our exploration programs demonstrate the Cassiar Gold Project holds meaningful potential as a gold resource expansion opportunity in an important region in British Columbia,” stated Marco Roque, President and CEO of Cassiar Gold. “Confirming continuity and establishing extensions of near-surface higher-grade mineralization in the Taurus East, Southwest, and Sable areas demonstrates that this well-established foundational resource can continue to grow.”
“Our drilling continues to delineate and extend new higher-grade trends within and adjacent to the Taurus deposit,” stated Jill Maxwell, VP Exploration of Cassiar Gold. “We continue to intersect visible gold in structures across the deposit, with opportunity to identify new trends and advance higher-grade domains along-strike and down-dip in future programs. The results from Taurus East are particularly encouraging as we continue to evaluate the emerging volume potential at recently established satellite zones in the resource area, within the footprint of the existing mine permit.”
The Taurus Deposit hosts a recently updated substantial near-surface, bulk-tonnage gold resource comprising an Indicated Mineral Resource of 8.8 million tonnes at 1.43 g/t Au for 410,000 ounces; with an additional Inferred Mineral Resource of 63.2 million ounces at 0.95 g/t Au for 1.93 million ounces, which remains open for expansion. Mineralization outcrops in places, with 91% of the ounces in the resource occurring within 150 metres of surface. Ongoing expansion of the deposit footprint and follow up to recently identified higher grades trends remained a priority during the 2025 exploration campaign. A total of nine drill holes were completed at the Taurus deposit this season.
Drilling results reported in this news release are from nine drill holes totaling 2,066 metres which tested the outer margins of the known extents of the Taurus deposit. Drilling was distributed across a 1.3-km corridor of the deposit footprint to evaluate the expansion potential of mineralization beyond the block model with step outs ranging from 30 m up to 110 m.
The program also followed up to recently identified quartz veins hosting higher grade gold mineralization along key controlling structural trends. Several higher-grade sample intervals were intersected internal to broader mineralized intercepts. These extend the distribution of near-surface mineralization south, east, and west of previous drilling along an extensive east-northeast striking corridor of sheeted extensional vein sets within an associated prospective, Au-bearing carbonate-pyrite alteration halo.
All drill holes returned gold-mineralized intercepts, including 25TA-245 which encountered high grade samples with visible gold hosted within broader intervals. These drill holes collectively expand the footprint of known mineralization near-surface and along strike to the south, west, and east beyond the extend of the 2025 block model. Results include drill hole 25TA-245 encountered multiple specks of visible gold, returning 13.4 m of 13.53 g/t Au (2.05 g/t Au capped) from 28.2 m downhole, including 0.3 m of 56.10 g/t Au, and 0.8 m of 210.71 g/t Au with 0.4 m of 369.00 g/t Au; 27.3 m of 0.65 g/t Au from 88.4 m downhole, including 1.1 m of 4.42 g/t Au with 0.6 m of 6.01 g/t Au in hole 25TA-244, and 3.6 m of 1.48 g/t Au from 61.2 m downhole, including 0.5 m of 7.08 g/t Au in 25TA-243.
Drill hole 25TA-242 (south-oriented) was designed to test an eastward extension of a higher-grade domain of mineralized quartz veining by evaluating the potential influence of an interpreted discrete northeast target plane previously untested at this locale. Drill hole 25TA-240 (southwest-oriented) aimed to test for down dip extensions of known mineralization at Sable.
Mineralization was encountered at the interpreted extensions of mineralized trends at Sable, beyond the extent of the current resource block model. Results include multiple intercepts in hole 25TA-242 that returned 21.9 m of 2.81 g/t Au (2.80 g/t Au capped) from 45.8 m downhole, including 1.5 m of 9.41 g/t Au, and 2.7 m of 5.41 g/t Au with 0.4 m of 8.01 g/t Au, also including 0.6 m of 7.35 g/t Au, and 2.3 m of 6.90 g/t Au with 0.3 m of 20.30 g/t Au; 16.0 m of 0.84 g/t Au from 123.0 m downhole, including 3.1 m of 2.72 g/t Au with 0.5 m of 6.12 g/t Au and 9.8 m of 1.08 g/t Au from 70.5 m downhole, including 0.5 m of 6.79 g/t Au in hole 25TA-240.
Drill hole 25TA-238 and 25TA-239 (north-oriented) were designed as follow up to expansion holes from the 2024 drill program which encountered intervals of higher-grade mineralization and visible gold within broader intercepts, such as drill hole 24TA-236 with 184.50 g/t Au over 0.3 m nested in a broader intercept of 3.18 g/t Au over 21.9 metres while 25TA-241 was designed to test for parallel vein sets to the south of the 2025 Taurus resource.
All drill holes from the Southwest and Central areas returned gold-mineralized intercepts, including 25TA-238 which encountered high grade mineralization with visible gold hosted within a broader interval. Results include drill hole 25TA-238 that returned 21.7 m of 1.30 g/t Au from 13.1 m downhole, including 8.1 m of 2.18 g/t Au and 0.9 m of 5.11 g/t Au; 11.3 m of 1.21 g/t Au from 101.4 m downhole, including 0.6 m of 8.33 g/t Au and 0.8 m of 7.38 g/t Au; 0.9 m of 27.18 g/t Au (9.63 g/t Au capped) from 148.9 m downhole, including 0.4 m of 59.50 g/t Au with visible gold.
Drilling at the Taurus deposit continues to demonstrate potential for ongoing expansion of near-surface mineralization along the main east-northeast striking sheeted vein sets than defined by the 2025 mineral resource estimate. Drill holes reported here increase the population of high-grade, visible gold-bearing veins at the deposit, such as drill hole 25TA-245 which delivered 0.3 m grading 56.10 g/t Au and 0.4 m grading 369.00 g/t, and hole 25TA-238 with 59.50 g/t over 0.4 m, nested in broader intercepts (Table 1). The technical team continues to evaluate the distribution of these higher-grade results to refine target interpretations to support future programs and regional targeting efforts.
On December 2, 2025, the company granted 2,270,000 stock options to certain directors, officers, employees and consultants of the company under its 10% rolling share option plan. The options will vest with 2/3 of the options vesting in 12 months from the date of grant, and the remaining 1/3 of the options vesting in 24 months from the date of grant, at an exercise price of the options will be $0.29.
Cassiar Gold holds a 100% interest in its flagship Cassiar Gold Property in British Columbia that spans 590 km2 and consists of two main project areas: Cassiar North, which hosts an updated Mineral Resource Estimate (MRE) for the Taurus deposit prepared in accordance with the CIM standards. The pit-constrained MRE contains Indicated Mineral Resources of 8.8 million tonnes (Mt) at 1.43 g/t gold for 410,000 oz gold in addition to Inferred Mineral Resources of 63.2 Mt at 0.95 g/t Au for 1.93 million oz gold using a 0.4 g/t Au cut-off grade; 91% of ounces occur within 150 metres of surface and Cassiar South, which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au, underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.
The company also holds a 100% interest in properties covering most of the Sheep Creek gold camp located near Salmo, B.C. The Sheep Creek gold district ranks as the third largest past-producing orogenic gold district in British Columbia from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.