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2 minute read
EXPONENTIAL POTENTIAL IN BRITISH COLUMBIA
With the US dollar weakening and speculation around the Chinese Yuan becoming the world’s reserve currency, Marco foresees dramatic change ahead.
“With a shift in the global economy, gold is becoming front and centre for investors. I think the next 12 months could be transformational for our industry as investors find safety in gold,” he explained.
It’s an exciting time, then, to be at the helm of a mining exploration company with two gold projects in British Columbia with exponential potential.
The Flagship Project: Cassiar Gold
Cassiar Gold Corporation’s flagship exploration project, the Cassiar Gold project, is a 59,000 hectare land package, with an existing 1.4 million oz inferred gold resource right at surface, and open
CASSIAR GOLD CORP
PROJECT
DIRECTED BY: GARY SMITH
ARTICLE
WRITTEN BY: LAURA WATLING for expansion in multiple directions both laterally and at depth.
At its current exploration stage, a significant portion of the property has not been fully explored, leaving huge potential for expansion.
“Our 2022 drill programme delivered excellent results, with the most recent intercepts highlighting the potential for further expansion of the resource within higher-grade mineralised corridors,” said Marco “The positive developments from this program reinforce the potential for ongoing growth at the Taurus deposit in 2023. Our next steps for Cassiar Gold is to be bolder and try to find the edges of the mineralised area.”
Of the 70 drill holes in the last campaign, 69 have produced significant mineralised intercepts. The next drill season, which will start in June 2023, aims to continue to follow up on the excellent exploration results thus far, and continue to expand mineralisation outwards with a 20,000 to 25,000 metres drill campaign.
In addition to continuing to expand the Taurus deposit, the Cassiar Gold Project has a vast opportunity which includes several regional scale targets that are yet to be properly explored.
The business will continue efforts to expand and find new high grade underground veins in the Cassiar South area of the project. This area of the land package has historic production of over 315,000 oz gold extracted from highgrade quartz vein mineralisation with grades of 10-20 g per tonne of gold.
“This past-producing vein system lies within a permitted mine area with extensions of known mineralisation occurring near existing underground infrastructure,” explained Marco, “Continued success at this part of the property in future exploration campaigns may contribute to identifying lowcost and near-term development opportunities,” explained Marco
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Further Opportunity
In addition to the flagship Cassiar Gold project, the corporation has also acquired 100% interest in the Bayonne and Sheep Creek properties - known collectively as Sheep Creek Camp.
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Whilst Cassiar Gold is focussed on the Cassiar Gold project, there is plenty of potential for exploration at Sheep Creek. Covering an area of 3,939 hectares, the Sheep Creek Camp is highly prospective for both gold and silver discoveries and ranks as the third largest past-producing orogenic gold district in British Columbia.
“Little work has been done at this site since the early 1950’s, when it produced approximately 742,000 oz gold at an average grade of 14.7 grams per tonne. This area has fantastic potential, and will generate shareholder value in future,” said Marco.