Cassiar Gold Corp. Provides 2026 Exploration Campaign Update & Extends Multi-Year Area-Based Permit for Cassiar Gold Project Through 2031
Cassiar extended its permit to 2031 with drilling 74% complete, delaying the preliminary economic assessment for the project to the second half of 2026.
Cassiar Gold Corp. reports that its 2026 drilling campaign at the Cassiar North project is 74% complete, with 7,400 meters drilled across 31 holes toward the planned 10,000-meter target. Exploration efforts are focused on the Taurus deposit and the Newcoast regional prospect.
The company has secured an amendment to its Multi-Year Area-Based (MYAB) Mines Act Permit, extending exploration authorization through March 31, 2031. The amendment covers up to 200 drill sites, 22.43 km of new trails, 50 helipads, and 395 line-km of geophysical surveys, with seasonal flexibility.
Work on the Preliminary Economic Assessment (PEA) led by Ausenco is ongoing, with the delivery target shifted to H2 2026, previously targeted for Q3 2026 in April.
The NI 43-101 resource for Taurus remains unchanged: * 8.8 Mt Indicated at 1.43 g/t Au (410 koz) * 63.2 Mt Inferred at 0.95 g/t Au (1.93 moz)
91% of ounces are within 150 meters of surface.
Additionally, 500,000 RSUs were awarded to consultants with a 12/24-month vesting schedule.
Cassiar Gold Corp. (GLDC) has maintained steady execution of its exploration plan throughout the first half of 2026. The company launched a 10,000-meter drilling program in June 2026 and had completed 7,400 meters by September. This progress aligns with the company’s schedule, while a permit extension announced in September provides long-term certainty for district-scale exploration.
The Preliminary Economic Assessment (PEA) timeline has shifted from the originally announced Q3 2026 target to the second half of 2026. This adjustment represents a standard delay for a complex economic study and pushes the next major valuation catalyst into the latter half of the year.
Market expectations focused on continued drilling and permitting updates, which the recent release confirmed. The update did not introduce new high-grade intercepts or resource upgrades, serving as a maintenance report that validates management’s execution without providing the surprise element typically required for significant price movement.
The company continues to deploy capital to advance the project, with no new strategic partnerships or joint venture announcements made during this period.
Cassiar Gold Corp. (GLDC) holds the Cassiar Gold Project, a 590 km² district-scale orogenic gold system located in the Liard Mining Division of British Columbia. The company’s assets include the Taurus Deposit, also known as Cassiar North, which is characterized as a near-surface, open-pit constrained resource. The Indicated resource stands at 8.8 Mt @ 1.43 g/t Au for 410 koz, while the Inferred resource totals 63.2 Mt @ 0.95 g/t Au for 1.93 moz. Ninety-one percent of the ounces are located within 150m of the surface.
The project also encompasses Cassiar South, a site with historical high-grade production exceeding 315,000 oz at grades of 10-20 g/t Au. This area includes past-producing mines such as Main, Vollaug, Cusac, and Bain, as well as a fully owned, permitted 300 tpd Erickson Mill. Infrastructure on the property includes paved highway access, 160 km of property roads, a 1.2 km airstrip, a permanent 48-person camp, grid power, and 25 km of historical underground workings. The project is currently in the exploration and early development stage, with no proven reserves or production.