Summary
Cassiar Gold Corp. is focused on the 100% owned, district-scale Cassiar Gold Property located in northern BC, Canada. Spanning 590 km2, the property consists of two main project areas: (1) Cassiar North, which hosts a substantial bulk-tonnage orogenic gold resource with significant expansion potential over a 6 km strike length; and (2) Cassiar South, which hosts numerous high-grade epizonal quartz gold vein systems, 25 km of historical underground workings, and rich exploration prospects over 9 km of strike.
The Property is highly accessible by Highway 37 and has a permitted 300 tpd mill, 160 km of property access roads, permanent camp, and established mine permits.
Stock Chart
Share Structure
| As of March 19, 2024 | |
| Shares Issued | 104,294,555 |
| Warrants | 21,818,977 |
| Options | 9,683,668 |
| Fully Diluted | 135,797,200 |
Investment Highlights
INFRASTRUCTURE & PERMITS IN SAFE JURISDICTION
- 2 Mines Act permits, bisected by provincial highway 37, 160 km of access roads, fully owned & permitted 300 tpd mill, 17 portals, 25 km underground workings, power & water access, permanent camp already in place
- 100% owned, 59,000-hectare district-scale property package in British Columbia, Canada
EXISTING RESOURCE & UNDEREXPLORED, HIGHLY PROSPECTIVE CAMP
- NI43-101 Inferred Taurus Resource of 1.4 Moz @ 1.14 g/t Au open in most directions laterally & at depth
- Potential for multiple bulk-tonnage/Taurus style deposits across the land package
- Several high-grade vein targets grading 10-20 g/t Au, successfully extended and still open along strike, with additional potential for multiple parallel as well as stacked shear vein systems
WORLD-CLASS LEADERSHIP TEAM
- Well rounded & extremely successful group of geologists, engineers, operators, marketing and capital markets professionals with 250+ collective years in discovering, building, operating, and selling multi-billion dollar mining projects all over the world
COMMITTED TO RESPONSIBLE DEVELOPMENT
- Socially responsible and collaborative relationship with Community and Kaska Dena First Nations, supporting the training, hiring and development of local workforce and contractors
- Committed to advancing the projects under the highest ESG practices and continuous reporting
ATTRACTIVELY VALUED WITH TREMENDOUS GROWTH POTENTIAL
- Attractive entry point with high leverage to the gold price
- Focused on growing the project targeting M&A Exit strategy, in safe and friendly mining jurisdiction
- Strategic optionality to “bootstrap” to production leveraging existing infrastructure and mine permits
(Source: Zelligan, Moors, Jolette, April 28, 2022. NI43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp.)
Projects
Cassiar Gold Corp. is a Canadian exploration company focused on the exploration of its two gold projects in British Columbia — the Cassiar Gold and the Sheep Creek Gold projects. Both are orogenic gold projects, similar to the Barkerville District of central British Columbia.
Cassiar Gold Project
The Cassiar Gold project is a large orogenic gold property located in the Cassiar Mining District of northern British Columbia. The project has upside potential for both bulk-tonnage resources in the Cassiar North area and high-grade gold targets in the Cassiar South area. At Cassiar North, there is an NI43-101-compliant resource estimate of 1.4 Moz gold at 1.14 g/t gold1 at the Taurus bulk-tonnage gold deposit. The Cassiar South project area hosts several past-producing high-grade gold mines that targeted high-grade quartz vein mineralization grading between 10-20 g/t gold1. Past production from the property is estimated to be >350,000 oz gold1, with most of it extracted from the high-grade quartz veins.
The Sheep Creek Gold Project
The Sheep Creek Gold Project is an underexplored, orogenic gold project located in southern British Columbia within the Sheep Creek Mining District, which is third largest past-producing orogenic gold districts in BC. Historical gold production (1900-1951) in the area was estimated at 742,000 oz gold at an average grade of 14.7 g/t gold2.
Sources for page:
1 Zelligan, Moors, Jolette, April 28, 2022. NI43-101 Technical Report on the Cassiar Gold Property, prepared for Cassiar Gold Corp.
2 August 17, 2017, NI43-101 Technical Report on the Sheep Creek Project authored by Robert A. Lane, MSc, PGeo
Management Profiles
MARCO ROQUE President, CEO & Director
Mr. Roque started his career in private banking with Millennium BCP, a large Portuguese bank and joined Barclays Capital in 2007, where for several years he spearheaded the Portuguese derivatives and structured products team with a focus on commodities. He is a co-founder of Reyna Silver, a silver exploration company with a portfolio of Mexican silver assets, built around two assets that formed part of MAG Silver’s original IPO. Mr. Roque is also a co-founder and director of Arabian Shield Resources, a private mining company engaged in the acquisition, exploration, and development of mining assets in the Arabian-Nubian Shield and surrounding regions of the Middle-East. Marco is a CFA charter holder, earned an MBA from Hong Kong University of Science and Technology and London Business School, a Masters in Finance from Nova School of Business and Economics in Lisbon as well as an undergraduate Management degree from the same school.
KEVIN CHEN CFO
Mr. Chen has over 20 years of experience in senior financial roles with Canadian mining companies at various stages of development. From 2012 and 2021, he was the CFO of Selwyn Chihong Mining Ltd., which owned a significant zinc and lead project in the Yukon. Prior to Selwyn, Mr. Chen was the Manager, Finance for Eldorado Gold Corporation from 2005 to 2012 during which Eldorado had four operating gold mines and two projects under construction. Before Eldorado Gold, he worked as the Corporate Controller for Afcan Mining Corp. which was acquired by Eldorado in 2005. Mr. Chen began his career as an auditor with KPMG LLP and is a CPA, CMA in British Columbia with an MBA degree from Western University.
JILL MAXWELL, P.Geo. VP Exploration
Jill Maxwell, P.Geo is an exploration geologist with 13+ years focused in the precious metals sector. She brings a wide range of experience in mineral exploration from greenfields programs through to feasibility level studies for orogenic gold and Ni-Cu-PGEs, including at Sabina Gold & Silver Corp.’s Back River Project (now owned by B2Gold) and North American Palladium Ltd.’s Lac des Iles Mine through and following its acquisition by Impala Platinum. Jill has a demonstrated track record for exploration success in various leadership roles on discovery teams at greenfields and advanced staged projects, and most recently as Exploration Manager for Cassiar Gold Corp.
TYLER RICE Senior Advisor Corporate Affairs
Mr. Rice is a Chartered Professional Accountant with an entrepreneurial spirit and a community focus. Building relationships and bringing creative solutions to complex problems has supported multiple successful projects spanning multiple sectors and industries. Mr. Rice is a Founding Director for the Columbia Institute for Renewable Energy, Director with the Chamber of Mines of Eastern BC, West Kootenay Boundary Community Investment Co-op, Community Futures Central Kootenays and involved in advancing numerous other non-profit and community impact organizations. An active community member, Tyler was recently honoured as the 2020 Volunteer of the Year by Community Futures of Central Kootenays for his contributions to the area, including coaching hockey and basketball teams, serving on volunteer boards and mentoring local businesses.