Cassiar Gold (TSX-V:GLDC) is looking to pursue full metallurgical work to inform a first-pass preliminary economic assessment for its namesake project in the Cassiar Mining District in British Columbia, Canada.
Speaking to Mining.com.au, CEO Marco Roque says this work will be carried out as the company continually assesses growth opportunities and seeks to de-risk its projects, as well as attract prospective partners.
“In this context, we believe we are poised for a rerate,” Roque tells this news service.
Roque adds that the company has already begun a more than 5,000m drilling program to continue expanding and potentially discover new mineralisation.
“Despite having five past producing mines which produced over 300,000 ounces of gold with really good grades and recoveries, we are also looking to pursue full metallurgical work,” the CEO says.
This news comes after Cassiar Gold conducted a non-brokered private placement to raise C$5 million ($5.59 million) to fund ongoing and future exploration programs at its namesake project.
The Cassiar Gold Project, covering 59,000 hectares, is considered a large bulk-tonnage opportunity with an existing 400,000 ounce @ 1.43 grams per tonne gold indicated resource and 1.93 million ounces @ 0.95g/t gold inferred resource.
Roque explains that the project benefits from mine permits already in place, as well as a supportive community and indigenous partners that want to see the project in production.
“The project already benefits from access to power and water, a fully owned and permitted mill, tailings facilities with capacity, 17 portals and 25km of underground workings already in place,” he says.
Cassiar Gold is a Canadian mineral explorer focused on its wholly owned namesake property which consists of two main projects, Cassiar North and Cassiar South.
Cassiar North hosts a substantial bulk-tonnage orogenic gold resource with expansion potential over a 6km strike length, while Cassiar South hosts numerous epizonal quartz gold vein systems, 25km of historical underground workings, and exploration prospects over 9km of strike.
Write to Aaliyah Rogan at Mining.com.au
Images: Cassiar Gold
