Cassiar Gold hits jewelry box gold grades at Taurus - Richard Mills

Core Insights - Cassiar Gold has reported promising results from its 2025 exploration program at the Taurus deposit, indicating potential for mineralization expansion beyond the current resource model [3][6][27] Group 1: Drill Program Details - The 2025 drill program consisted of 7,308 meters across 20 drill holes, concluding in early October, with results pending for an additional 5,243 meters from 11 drill holes at the Newcoast prospect [5] - The reported results include nine drill holes totaling 2,066 meters, which tested the outer margins of the Taurus deposit, with step-outs ranging from 30 to 110 meters [6][9] - The program targeted recently identified quartz veins with higher-grade gold mineralization, successfully intersecting several higher-grade sample intervals [7][28] Group 2: Significant Drill Results - The highlight intercept from drill hole 25TA-245 included multiple quartz veins with visible gold, returning 13.4 meters of 13.4 g/t Au, with notable intervals of 56.10 g/t Au over 0.3 meters and 210.71 g/t Au over 0.8 meters [10][15] - The intercepts are located close to the surface, making them open-pittable, which is advantageous for future mining operations [17][21] - The current mineral resource estimate shows that 91% of the ounces occur within 150 meters of the surface, indicating a favorable mining scenario [20][21] Group 3: Resource Estimates and Potential - The updated mineral resource estimate for the Taurus deposit shows a significant increase from the previous estimate, with an indicated resource of 8.8 million tonnes at 1.43 g/t Au for 410,000 ounces and an inferred resource of 63.2 million tonnes at 0.95 g/t Au for 1.93 million ounces [23][25] - The mineralization at the Taurus deposit primarily consists of basalt-hosted low-sulfide gold-bearing veins, with various vein types contributing to the overall resource [26] - The Taurus deposit remains open in most directions, suggesting substantial potential for further resource expansion and additional discoveries through ongoing exploration [27][29] Group 4: Future Outlook - More results from the Taurus deposit are expected in the current quarter, along with metallurgy, and a preliminary economic assessment (PEA) is scheduled for release in Q2 [31] - The company is fully financed for its commitments, indicating readiness for continued exploration and development [31]