The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Mining Explorers 2022 - January 19, 2023
A drill tests the Vollaug vein on Table Mountain during the 2022 drill program at the Cassiar gold project in Northern BC.
Following a new resource calculation that defined 1.4 million ounces of gold at Taurus, Cassiar Gold Corp. launched a 20,000-meter drill campaign focused on expanding this deposit and exploring the wider potential of its namesake project in British Columbia's northern reaches.
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 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 about 600 meters 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.
Looking to extend the Taurus deposit into the historically mined area, Cassiar drilled six holes along the Decline fault, which runs north-south through the past producing mine, and one hole about halfway between the Taurus mine and resource.
Highlights from Taurus East expansion drilling include:
• 6.75 meters averaging 3.14 g/t gold from a depth of 111.7 meters in hole 22TA-141.
• 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.
• 10.5 meters averaging 4.47 g/t gold from a depth of 12.9 meters in hole 22TA-146.
"Our programs to date coupled with these results provide new insight for our targeting and open up sizeable areas for additional exploration," said Cassiar Gold CEO Marco Roque.
In addition to Taurus East, Cassiar completed drilling to expand the Taurus deposit and to test gaps within the resource:
The company also tested Wings Canyon, a target about 1,000 meters south of the Taurus Mine, as well as priority high-grade gold vein prospects at Cassiar South.
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.
Reader Comments(0)