Intriguing gold drilled at Taurus East
Cassiar Gold expansion target shows resource growth potential North of 60 Mining News – September 16, 2022
Last updated 9/15/2022 at 3:46pm
Cassiar Gold Corp. Sept. 13 reported that its 2022 drill program cut significant gold mineralization at Taurus East, a resource expansion area east of the 1.4-million-ounce 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 20,000-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 first batch of assay results from Cassiar's 2022 drill program is from six holes drilled along the Decline fault, which runs north-south through the past producing mine, and one hole drilled about halfway between the Taurus mine and resource.
Highlights from these six holes drilled along the Decline fault in the Taurus East expansion area include:
• 22.2 meters averaging 1.5 g/t gold from a depth of 129.8 meters in hole 22TA-142.
• 7.45 meters averaging 2.58 g/t gold from a depth of 38 meters in hole 22TA-143.
• 6.95 meters averaging 1.74 g/t gold from a depth of 85 meters in hole 22TA-143.
• 7.5 meters averaging 1.68 g/t gold from a depth of 127.1 meters in hole 22TA-144.
• 8.75 meters averaging 1.33 g/t gold from a depth of 119.8 meters in hole 22TA-145.
• 10.5 meters averaging 4.47 g/t gold from a depth of 12.9 meters in hole 22TA-146.
Hole 22TA-145, drilled from a pad north of the historical mine, represented the northernmost hole to test for Taurus East mineralization along the Decline fault.
Hole 22TA-143, which tested the Decline fault about 900 meters south of 22TA-145, was the southernmost hole to test this structure that is a potential feeder to broader zones of mineralization in the Taurus East area. All five holes with results highlighted above were drilled north (holes 142 and 145) and south (holes 143, 144, and 146) of the Taurus Mine.
Hole 22TA-141, the one hole drilled midway between the Taurus mine and resource, cut 6.75 meters averaging 3.14 g/t gold from a depth of 111.7 meters.
Results from an additional three holes drilled in the Taurus East expansion are pending.
So far this year, Cassiar has completed more than 18,000 meters of drilling in 46 holes across the Cassiar property. Much of this drilling was completed in and around the Taurus resource and nearby targets on the Cassiar South area of the property. The company is also testing priority vein prospects at Cassiar South and regional targets on the property.
Drilling at Cassiar is slated to extend into October, and the company anticipates the program will exceed the 20,000 meters originally planned for 2022.