The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Drilling shows resource expansion potential at Taurus West North of 60 Mining News – January 20, 2023
Cassiar Gold completed more than 23,000 meters of drilling in 70 holes during 2022 on its namesake project in Northern BC.
Visible gold observed in core from drilling through a quartz vein at a depth of 172 meters in 22TA-156, a resource expansion hole drilled at Taurus West.
Cassiar Gold Corp. Jan. 17 announced that drilling has encountered strong gold mineralization in resource expansion areas of the 1.4-million-ounce Taurus gold deposit on the company's Cassiar project in Northern British Columbia.
Situated about 55 miles (90 kilometers) southwest of Watson Lake, Yukon, the 145,800-acre (59,000 hectares) Cassiar gold property is divided into two areas – Cassiar North, which hosts the bulk tonnage Taurus gold deposit, and Cassiar South, which hosts multiple high-grade gold targets.
At the onset of the roughly 23,000-meter 2022 drill program, which got underway in June, the Taurus deposit hosted 37.9 million metric tons of inferred resource averaging 1.14 grams per metric ton (1.39 million oz) gold.
This deposit lies west of the historical Taurus Mine, which produced 35,000 oz of gold from ore averaging 3.5 g/t gold during operation in the 1980s.
The latest batch of assay results is from seven holes drilled in the Taurus West and Taurus Northwest areas of the deposit. Highlights include:
• 11.35 meters averaging 2.64 g/t gold from a depth of 201.3 meters in hole 22TA-154 (Taurus Northwest).
• 2.61 meters averaging 12.86 g/t gold from a depth of 201.3 meters in hole 22TA-156 (Taurus Northwest).
• 98 meters averaging 1.28 g/t gold from a depth of 10.7 meters in hole 22TA-176 (Taurus West).
• 52 meters averaging 0.6 g/t gold from a depth of 51.4 meters, and 70.7 meters of 0.76 g/t gold from 116 meters in hole 22TA-178 (Taurus West).
Cassiar said these holes outline additional areas of mineralization that expand the deposit footprint beyond the limits of the 2022 inferred resource estimate and further define mineralization continuity in the west and northwest areas of the Taurus deposit.
"Drilling at the Taurus Deposit continues to yield very encouraging results, with Taurus West emerging as a more continuous trend of near-surface mineralization than previously modeled. We are seeing substantial thicknesses and grades well above the cut-off of the 2022 Taurus Deposit resource estimate," said Cassiar Gold CEO Marco Roque. "We believe that Taurus West has the potential to be a major contributor to Cassiar Gold Corp's growth and success in the coming years."
So far, the company has received assay results from 20 of the 70 holes drilled during the 2022 season at Cassiar.
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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