Cassiar Gold Corp. announced assay results from an additional four diamond drill holes at the Taurus Deposit located in the Cassiar North area of the Company's flagship Cassiar Gold Property in northern British Columbia, Canada. The Taurus Deposit hosts a substantial near-surface, bulk-tonnage Inferred gold resource of one million ounces grading 1.43 g/t Au.

The new results from the western portion of the Taurus Deposit (Figure 1) confirm the potential for the resource to expand at depth and internally between gaps in the known resource. The 2021 Cassiar North Drill Program focused on the Taurus Deposit and consisted of 15 drill holes totaling 4,098 m targeting the 88 Hill, Gap, Northwest, West and Southwest zones of the deposit. The drill program, which was completed from early June to mid-August, was designed to define higher-grade mineralized areas where historical drilling from the 1990s is widely spaced (~100 m apart) as well as to confirm historical grades and collect additional structural data for use in updated modeling work.

The deposit remains open in most directions and at depth. The 2021 drill campaign at the West zone was intended to confirm historic gold grades and mineralization shapes, test gaps and expand areas outside of the resource model, evaluate potential to expand the deposit along the Taurus West Fault and at depth, and to provide oriented structural data for interpretation and modeling work that will be the foundation for the Company's 2022 exploration program. Results are discussed below: 21TA-128 was a south-directed drillhole aimed at further testing mineralization both near surface and at depth to expand mineralization beyond the 2019 resource shape.

It was the deepest hole drilled at Taurus to date with a length of 423 m (320 m vertical depth). The upper portion of the hole intersected 118.6 m of 1.01 g/t Au from 11.0 m downhole, including 0.8 m of 43.80 g/t Au and 0.6 m of 18.70 g/t Au, which is in close agreement with the adjacent resource gradeshell. A deeper portion of the hole which lies outside of the 2019 resource successfully intersected 45.3 m of 1.29 g/t Au from 349.7 m downhole, demonstrating the potential for downward deposit expansion and continuation of the broad, gently southerly plunging mineralized zone associated with the Taurus West Fault.

21TA-135 was a northwest-directed drillhole designed to follow up hole 21TA-132 (see results from November 15, 2021) to test both northerly and westerly mineralized trends located roughly 70 m from historical intercepts in the hangingwall of the Taurus West Fault. Results returned 34.9 m of 2.56 g/t Au from 194.2 m downhole including 9.0 m of 5.18 g/t Au, including 0.6 m of 22.50 g/t Au. This broad mineralized intercept confirms the presence of a higher-than-resource-grade gold mineralization trend that has been encountered at the Northwest Zone of the deposit (see news from November 15, 2021).

The intercept lies above and close to the Taurus West Fault, expanding continuity of mineralization in that area. 21TA-136 was a north-directed drillhole that targeted a >70 m gap between historical drillholes testing a westerly mineralized trend at the West Zone. The drillhole intercepted multiple near-surface mineralized zones, including 5.9 m of 1.9 g/t Au and 10.3 m of 0.87 g/t Au, and confirmed continuity of mineralization in this area In addition to the West Zone, the Company received outstanding results from the final hole drilled at the Northwest Zone, 21TA-133, which was a north-directed drillhole located east of hole 21TA-131 to follow up results reported on November 15, 2021.

The drillhole returned multiple gold intercepts in close agreement with the resource gradeshell, including an intercept of 13.4 m at 0.65 g/t Au from surface. The Company concluded its full 2021 drill campaign covering both the Cassiar North and Cassiar South project areas on November 1, 2021. A total of 34 drill holes over 11,288 m were completed during the program, including 15 drill holes over 4,098 m within or proximal to the Taurus Deposit at Cassiar North and 19 drill holes over 7,000 m targeting high-grade vein systems at Cassiar South.

At Cassiar North, additional assay results for the remaining three unreported drill holes are pending and will be released as they are received and reviewed by the Company. At Cassiar South, results remain pending for 13 drill holes that have been completed at the East Bain, Cusac, Hot, and Vollaug veins.