The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Wide gold interval south of deposit affirms growth potential North of 60 Mining News – January 14, 2022
A rainbow touches down near the historical Taurus mine on the Cassiar Gold project in Northern British Columbia.
Cassiar Gold Corp. Jan. 12 reported that the most recent results from its 2022 drill program provide further evidence of the resource expansion potential of the 1-million-ounce Taurus gold deposit on its namesake property in Northern British Columbia.
The company completed 11,288 meters of drilling in 34 holes at Cassiar this year, including 4,098 meters of drilling in 15 at and around the Taurus deposit in the Cassiar North project area and 7,191 meters in 19 holes targeting high-grade vein systems at Cassiar South.
The Taurus deposit hosts 21.8 million metric tons of inferred resource averaging 1.43 grams per metric ton (1 million oz) gold.
The 2021 drilling at and around Taurus was designed to define and confirm higher-grade mineralized areas where historical drilling was widely spaced, collect additional structural data for use in updated modeling work, and test the potential for expansion of the deposit footprint.
The latest batch of results is from three holes drilled in an expansion area on the southwest side of the Taurus deposit, all of which cut significant gold mineralization. Highlights from this drilling include:
• 21TA-137, drilled on the southern edge of the Taurus resource, cut 119 meters averaging 0.72 g/t gold from a depth of 21.3 meters.
• 21TA-138, drilled 50 meters north of 21TA-137, cut 46.5 meters averaging 1.12 g/t gold from a depth of 12.7 meters.
• 21TA-139, a step-out hole drilled 100 meters south of the resource model, cut 150.7 meters averaging 0.65 g/t gold from a depth of 11 meters.
Cassiar says hole 21TA-139 significantly expands the deposit footprint and further indicates that mineralization is open to the south.
"We are thrilled to hit such an extensive interval of gold mineralization right from surface in a 100-meter step-out hole which opens the resource for further expansion to the south and we are eager to return with a larger drill campaign in 2022," said Cassiar Gold President and CEO Marco Roque.
This confirmation of the southern expansion potential at Taurus adds to the success the 2021 drill program had in several areas of the deposit.
Earlier this month, Cassiar reported results from four holes that confirm the potential resource expansion in the western portion of Taurus.
This includes 21TA-128, the deepest hole drilled to date. Drilled to a depth of 423 meters, this hole cut multiple gold mineralized intervals, including 118.6 meters averaging 1.01 g/t gold from a depth of 11 meters and 45.3 meters averaging 1.29 g/t gold from 349.7 meters.
Hole 21TA-135, also drilled in the western portion of Taurus, cut 34.9 meters averaging 2.56 g/t gold from 194.2 meters.
In November, Cassiar released results from four holes drilled in the northwest and central areas at Taurus.
Highlights from drilling in the northwest area include:
• 41.3 meters averaging 1.05 g/t gold from a depth of 24.7 meters in hole 21TA-131.
• 45.6 meters averaging 1.83 g/t gold from a depth of 180.1 meters in hole 21TA-132.
• 45.5 meters averaging 2.4 g/t gold from a depth of 172.9 meters in hole 21TA-134.
Highlights from drilling in the central area include:
• 52.3 meters averaging 1.16 g/t gold from 9.9 meters, 37.8 meters averaging 1.8 g/t gold from 70.2 meters, and 12.1 meters averaging 3.53 g/t gold from 123.4 meters in hole 21TA-125.
• 3.5 meters averaging 3.38 g/t gold from a depth of 51.5 meters in hole 21TA-126.
With the assays from all 15 holes drilled at Taurus in hand, Cassiar is looking ahead at a more robust resource expansion and upgrade drill program at this deposit during 2022.
"The 2021 Taurus drill program continues to indicate that much of the deposit is open beyond the limits of historical drilling that were previously confined by claim boundaries held by different owners. With the district now consolidated under Cassiar Gold's ownership, these limitations have been removed," said David Rhys, senior technical advisor for Cassiar Gold. "Building upon the success of the 2021 program, the company plans to take a more aggressive approach in exploring the Taurus deposit in 2022. This will include stepping out well beyond the existing resource and defining higher grade corridors within the known areas of the deposit to upgrade the existing resource base, as has been successfully achieved with our 2021 drill results."
Assays remain pending for 13 of the 19 holes that tested high-grade gold mineralization at the Cassiar South.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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