All drill holes at Newcoast encountered broad intercepts of mineralization in 2025 and successfully expanded an extensive, sparsely tested mineralized zone.
Drilling intercepts represent apparent widths of mineralized zones, and include:
• Drill hole 25NC-017 identified an area of new quartz veining with visible gold, returning:
• 15.7 m of 3.80 g/t Au from 249.1 m downhole, including:
176.50 g/t Au over 0.3 m
• Drill hole 25NC-019:
• 22.5 m of 3.52 g/t Au from 420.9 m downhole, including:
42.41 g/t Au over 1.6 m, with
51.68 g/t Au over 1.2 m
• Drill hole 25NC-010:
• 89.2 m of 0.71 g/t Au from 217.3 m downhole, including
43.5 m of 1.12 g/t Au with 0.4 m of 5.59 g/t Au
• Drill hole 25NC-013:
• 167.5 m of 0.42 g/t Au from 499.4 m downhole
“We are pleased with the final results of the 2025 drill program. Intercepts at Newcoast further validate our belief that the Cassiar Gold property continues to offer considerable untapped regional potential,” stated Marco Roque, President and Chief Executive Officer of Cassiar Gold. “From a business perspective, as we continue to advance our priority exploration targets, we are looking forward to broadening our focus in 2026 to highlight our project’s unique advantages amid record gold prices, including established infrastructure and valuable optionality from past-producing high-grade mines.”
Summary
Drilling at the Newcoast prospect continues to demonstrate clear potential for ongoing expansion of broad intervals of mineralization. These have strong similarities to the Taurus deposit and reinforce the prospectivity of the underexplored greater land package at the Cassiar Gold District. As we look forward to the upcoming field season, the technical team is actively integrating 2025 program outcomes into program planning to guide 2026 exploration efforts, including field-based investigations and drill targeting as we concurrently expand our focus to include assessment of additional opportunities inherent to the project.
Corporate Update
Metallurgical work for the Taurus deposit, which hosts the property’s foundational mineral resource estimate, is currently underway and results remain pending. Concurrent to, and in support of, planning 2026 exploration programming the Company is preparing to initiate an assessment of unmined higher-grade mineralization associated with past-producing small-scale vein systems at the Cassiar South project area, which could potentially be processed at the existing on-site permitted milling facility. Historical underground mines in the Cassiar South area have yielded approximately 315,000 ounces of gold at average head grades of between 10 and 20 grams per tonne [1]. In addition, the Company plans to undertake an evaluation of previous testing programs at a historical tailings management facility (TMF) at Cassiar South. The evaluation will support further metallurgical testing to establish gold recovery.
NEWS ALERT📢 Cassiar Gold Intersects New Quartz Veining with Visible Gold, Significantly Extends Mineralized Trend at Newcoast Regional Prospect, and Initiates Evaluation of Mill Refurbishment, Tailings Monetization and High-Grade Strategy.
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