Interview with Marco Roque, President & CEO of Cassiar Gold Corp. 

Our previous interview: https://www.cruxinvestor.com/companies/cassiar-gold 

Recording date: 14th December 2023

Cassiar Gold is focused exclusively on the advancement of its flagship Cassiar Gold Project, located in northern British Columbia, Canada. The project encompasses a massive land package spanning 59,000 hectares over a gold district hosting historic underground production exceeding 680,000 ounces at an average grade of over 15 g/t gold. Significant infrastructure is already in place, including a permitted 300 tonne per day mill and tailings facility. The project also features road access as well as availability to hydroelectric power and other essential resources.

An intensive drilling campaign is underway focused on the Taurus Deposit, currently the flagship deposit at Cassiar. Over 55,000 meters have been drilled since 2020, demonstrating consistent resource expansion and open-ended potential. The current indicated and inferred resource estimate stands at 1.4 million ounces grading 1.14 g/t gold. The existing resource extends over a known area of 1 square kilometer, representing just a small fraction of the immense regional opportunity. Management believes the property could ultimately host a multi-million ounce district scale opportunity.

In addition to expanding the open pit Taurus deposit, exploration efforts have focused underground on several known high-grade gold vein systems. Historic high-grade gold production from Cassiar exceeded 680,000 ounces at an average grade over 15 g/t gold. The company has already demonstrated the ability to extend high-grade mineralization along strike and at depth outside of historic underground workings. Exposure to high-grade optionality provides flexibility around prioritizing capital allocation.

One point of differentiation for Cassiar is existing infrastructure offering a clear pathway to near-term production potential. The permitted mill and tailings storage combined with extensive existing underground development provides a unique opportunity to fast-track high-grade production. While not currently the base case plan, targeted underground production focused exclusively on high-grade stopes could fund ongoing resource expansion. Revenues realized could also further expand exploration reach across the vast 59,000 hectare land package.

Despite challenging equity financing conditions across the gold exploration sector, Cassiar recently secured a $2 million funding round without significant dilution. Funds will support continued systematic resource expansion drilling as well as early-stage regional exploration across multiple untested targets. The company benefits from stable Canadian jurisdictional exposure, limiting geo-political and social license risks relative to peers. British Columbia is considered a top global mining jurisdiction alongside the United States and Australia. 

The primary objective remains developing the multi-million ounce resource potential at Cassiar and ultimately monetizing the asset through a takeover bid from a major gold producer. As intermediate and major gold miners struggle with declining production profiles, quality gold projects in Tier I jurisdictions with infrastructure in place will become increasingly harder to overlook. The leadership team brings technical and capital markets expertise with a track record of success across all key facets of the exploration and development cycle. Their geological approach has led to both open pit and high-grade underground discovery and expansion in a relatively condensed period of exploring this historically prolific Canadian gold district. 

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View Cassiar Gold's company profile: https://www.cruxinvestor.com/companies/cassiar-gold 

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