Mineralization Increased At The Taurus Deposit

CALGARY - Cassiar Gold Corp. reported on the 2022 exploration program completed at the Taurus Deposit, located in the Cassiar North area of the Cassiar Gold Property in Northern British Columbia, Canada. The Company's 2022 program included 70 drill holes and over 23,000m of diamond drilling that commenced in June and recently concluded in October. The exploration focus of the drilling targeted high priority areas at the Taurus Deposit, significant vein prospects at Cassiar South and additional brownfields opportunities on the property. Cassiar Gold continues to focus on advancing exploration of the project through deposit expansion, optimization, and the potential for new discovery.

The Taurus Deposit hosts a substantial near-surface, bulk-tonnage inferred gold resource of 1.4 million ounces grading 1.14 g/t Au1 which remains open in all directions. Results from a total of 19,102 meters of drilling (57 drill holes) from the 2022 program remain pending. The results reported are from drill holes designed to test for the potential extension of known mineralization through step-out drilling, confirm historical results, and infill areas of previous widely spaced drilling in the Taurus Deposit to evaluate the potential for continuity of mineralization between resource blocks.

"Drilling at the Taurus Deposit continues to increase the confidence within the bulk tonnage resource and highlights the internal growth and expansion potential of mineralization by demonstrating similar grades and apparent thickness as drill holes used in the 2022 Taurus Deposit resource estimate," said, Marco Roque, CEO. “With our largest drilling program to date at the flagship project now complete, the Company is well positioned for project updates as results are being returned through year-end and into the new year."

Six drill holes totaling 2,262m are reported and include lateral and down-plunge step-outs, as well as infill holes to test areas of widely spaced drilling in the Taurus Deposit where continuity between resource blocks could not previously be established. Drill holes were designed to test for east-west trending sheeted vein sets and associated bulk-tonnage style mineralization, as well as north-northwest trending, east-dipping disseminated mineralization at depth along the Taurus West Fault. Additionally, the program has continued to advance resource confidence in areas of historical drilling and collect additional structural data to enhance the existing geological model. The deposit remains open in all lateral directions as well as at depth.