Cassiar Gold files tech report, updates drill campaign

Executive Summary

• Cassiar Gold filed a new NI 43‑101 technical report (effective June 8, 2025) that updates the mineral resource estimate for the Taurus deposit to 8.8 Mt indicated at 1.43 g/t Au (410,000 oz) and 63.2 Mt inferred at 0.95 g/t Au (1.93 Moz).
• The 2025 drill program is underway, with 5,211 m completed to date (2,080 m at Taurus, 3,131 m at Newcoast) out of a planned ~7,000 m across ~20 holes; drilling is ahead of schedule and expected to finish in the fall.
• The company awarded 350,000 restricted share units (RSUs) to advisers under its RSU/DSU plan, vesting over 12‑ and 24‑month periods.

Key Details

• NI 43‑101 Report: Titled “National Instrument 43‑101 Technical Report on the Cassiar Gold Property,” filed on SEDAR+; authored by independent qualified persons Scott Zelligan, P.Geo., and Chantal Jolette, P.Geo.
• Updated Mineral Resources (0.4 g/t Au cut‑off, $2,400/oz gold price):
• Indicated: 8.8 Mt @ 1.43 g/t Au = 410,000 oz Au
• Inferred: 63.2 Mt @ 0.95 g/t Au = 1.93 Moz Au
• Resource Geometry: Extends to a maximum pit depth of 307 m; 91 % of ounces lie within 150 m of surface, indicating strong near‑surface potential and scope for lateral expansion.
• 2025 Drill Campaign (started June 20, 2025): Planned ~7,000 m over ~20 holes across the 59,000‑ha Cassiar North land package.
• Completed to date: 5,211 m over 15 holes.
• Taurus deposit: 9 holes, 2,080 m of step‑out drilling aimed at lateral expansion.
• Newcoast target: 6 holes, 3,131 m; deepest hole to date (720 m) with extensive hydrothermal alteration and quartz‑vein mineralization.
• Notable Intercepts (Newcoast):
• Hole 25NC‑010 – extensive network of alteration, quartz veining, and sulfide mineralization within a 250 m data gap.
• Hole 25NC‑013 – broad intercept of quartz veining and pyrite in altered mafic volcanic rocks at greater depth than previously drilled, supporting a regional “Taurus‑style” stratigraphic repetition model.
• RSU Grant (effective Sept 9, 2025): 350,000 restricted share units awarded to advisers; two‑thirds vest in 12 months, remaining one‑third and associated DSUs vest in 24 months. Each vested RSU converts to one common share at the closing price on Sept 8, 2025. Plan limit: ≤14,665,930 common shares.
• Qualified Person: Jill Maxwell, P.Geo., VP Exploration, reviewed and approved all technical information.

Notable Quotes

“I am grateful for the tremendous efforts made by our technical team in completing this new pit‑constrained NI 43‑101‑compliant technical report at the Taurus deposit,” – Marco Roque, President & CEO.
“The new MRE outlines an expanded, robust, near‑surface, pit‑constrained asset with great access… we are now excited to complete our 7,000 m drill program…” – Marco Roque.