Cassiar Gold (TSX-V:GLDC) is advancing its Cassiar Gold Project in British Columbia, Canada, with plans for comprehensive metallurgical work to inform a preliminary economic assessment. Cassiar Gold is a Canadian mineral exploration company focused on its wholly-owned Cassiar Gold Project. The project comprises two main areas: Cassiar North, known for its bulk-tonnage orogenic gold resource, and Cassiar South, which hosts numerous epizonal quartz gold vein systems.
CEO Marco Roque stated that the company is actively assessing growth opportunities, seeking to de-risk its projects, and attract potential partners. According to Roque, Cassiar Gold believes it is poised for a re-evaluation as it progresses with these initiatives. The company has also commenced a drilling program exceeding 5,000 metres, aimed at expanding existing mineralisation and potentially discovering new deposits.
The Cassiar Gold Project spans 59,000 hectares and is recognised for its significant bulk-tonnage potential. It currently boasts an indicated resource of 400,000 ounces of gold at 1.43 grams per tonne and an inferred resource of 1.93 million ounces of gold at 0.95 grams per tonne. The project also benefits from existing mine permits, access to power and water, a permitted mill, tailings facilities, 17 portals, and 25km of underground workings.
These developments follow a recently completed non-brokered private placement, which raised C$5 million to fund ongoing and future exploration programs at the Cassiar Gold Project. Roque highlighted the support from the local community and indigenous partners, who are keen to see the project move into production.
