Cassiar Gold Corp. announced assay results from eight initial diamond drill holes of the 2023 exploration program. The results reported are from the ongoing drill program at the Taurus Deposit located in the Cassiar North area of the Company's flagship Cassiar Gold Property in northern British Columbia.

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 most directions and is a priority for further expansion and definition by the current exploration campaign. These first results from the western and Sable areas of the Taurus Deposit (Figure 1) confirm the potential to continue to expand mineralization beyond as well as internal to the current resource footprint. Drill hole 22TA-187 intersected 23.6 m of 4.19 g/t Au from 311.1 m down hole, including 7.8 m of 6.22 g/t Au, expanding mineralization beyond the resource block model along the Taurus West Fault in the western Taurus deposit (Table 1).

Drill hole 22TA-188 in the Sable area of the eastern Taurus deposit intersected 22.0 m of 0.50 g/t Au from 106.8 m downhole, expanding mineralization 150 m beyond the southern extend of the resource block model. Drill hole 23TA-184 also at Sable returned several multi-metre intercepts above resource grade, including: 6.8 m of 4.50 g/t Au from 71.1 m downhole, including 1.8 m of 15.52 g/t Au, with 0.9 m of 24.50 g/t Au, and 4.9 m of 8.10 g/t Au, including 2.6 m of 13.70 g/t Au with 0.5 m of 50.00 g/t Au, infilling and confirming continuity of near-surface mineralization between resource blocks at Sable. The Taurus Deposit hosts a significant near-surface, bulk-tonnage, and pit-constrained inferred gold resource of 1.4 million ounces grading 1.14 g/t Au2, 90% of the resource occurs withing 150 m of surface, and mineralization remains open in most directions.

Two mineralization styles comprise the Taurus Deposit collectively forming broad mineralized zones: (i) east-west trending sheeted vein sets and minor shear zones with coalescing pyrite envelopes, and (ii) disseminated pyrite mineralization along the north-northwest trending and east-dipping Taurus West Fault corridor. The latest drilling results reported in this news release are from eight holes totaling 2,763 m from the Sable and Taurus West areas of the Taurus deposit (Figure 1). The drilling intercepts lie within and beyond the existing footprint of the inferred mineral resource, further defining the continuity of a wide, gently south-plunging high-grade corridor along the Taurus West Fault, and the distribution of mineralization in the Sable area.