The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Latest drill assays affirm Taurus deposit expansion potential North of 60 Mining News - January 23, 2023
The historical Taurus Mine, which lies about 600 meters east of the currently outlined Taurus deposit, produced 35,000 oz of gold from ore averaging 3.5 g/t gold during the 1980s.
Click on image for larger map.
Cassiar Gold Corp. Jan. 23 announced that drilling has encountered near-surface gold mineralization in resource expansion areas at the southwest and southeast edges of the 1.4-million-ounce Taurus gold deposit on the company's Cassiar project in Northern British Columbia.
Located near British Columbia's northern border with the 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.
Going into the 2022 exploration season, which included more than 23,000 meters of drilling in 70 holes, the Taurus deposit hosted 37.9 million metric tons of inferred resource averaging 1.14 grams per metric ton (1.39 million oz) gold.
The majority of Cassiar's 2022 drilling targeted strategic areas of the Taurus deposit, a resource expansion area known as Taurus East, and the Wings Canyon target about 750 meters southeast of the Taurus deposit. Roughly 5,000 meters of drilling was also completed at key Cassiar South vein prospects.
The latest batch of results is from five holes drilled in the Taurus Southwest and Sable areas of the Taurus deposit. Highlights include:
• 30.1 meters averaging 1.41 g/t gold from a depth of 8.7 meters and 33.2 meters of 0.87 g/t gold from a depth of 68.9 meters in hole 22TA-148 (Sable).
• 20 meters averaging 0.52 g/t gold from a depth of 69 meters and 20.4 meters of 0.51 g/t gold from a depth of 214 meters in hole 22TA-160 (Taurus Southwest).
• 171.9 meters averaging 0.66 g/t gold from surface in hole 22TA-161 (Taurus Southwest).
The wide intercept in hole 22TA-161 expands gold mineralization 80 meters south of previous drilling and beyond the resource in the Southwest area of the Taurus deposit.
The higher grade intercept in hole 22TA-148 extends mineralization 40 meters beyond the pit-constrained resource at Sable, which lies on the southeast margins of the currently defined Taurus deposit.
"These results continue to successfully demonstrate our ongoing commitment to expanding and defining known areas of mineralization. We are very encouraged by the persistence of near surface, wide mineralized intercepts at Taurus Southwest, our widest apparent width to date," said Cassiar Gold CEO Marco Roque. "Recognizing the structures critical to controlling mineralization at Taurus has directly contributed to the success of this drill program and these results now open larger areas for further exploration."
Assays are pending from 15,314 meters of drilling completed in 45 holes during the 2022 program 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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