Cassiar Gold Corp. announced assay results from an additional eight diamond drill holes from the 2022 exploration program completed on exploration targets near the eastern portions of the Taurus deposit, located on Company's Cassiar Gold Property. The continued expansion of this mineralized corridor along the Decline Fault highlights the exploration potential along extensions of north-trending structures in the deposit area.

The mineralization associated with the Decline Fault forms a parallel trend with a similar structural control to the broad established mineralized corridor associated with the Taurus West Fault at the western extent of the Taurus resource. This northerly-oriented drill hole was designed to evaluate the potential down dip extension of mineralization encountered in historical drilling at the sparsely tested eastern extent of the target area. Results returned multiple intervals of gold mineralization, which include: 6.6 m at 22.44 g/t Au from surface, including 0.8 m of 174.50 g/t Au, east of the historical Taurus mine, and 1.2 m of 8.69 g/t Au, including 0.6 m of 13.7 g/t Au, 60 m below a narrow, mineralized intercept in historical drilling.

Drill hole 22TA-166 (north-northwest oriented) was designed to test for the potential eastern extension of the historical Taurus mine vein system 75 m beyond previous drilling. Results returned several discrete mineralized intervals. The deposit remains open along this eastward trend toward a placer deposit and mineralized showings of the Snow Creek prospect 1 kilometre to the east with outcropping veining, alteration, and sulphide mineralization similar to that observed at Taurus.

There has been no drilling in this intervening area, which has limited outcrop exposure. These three north-oriented drill holes were designed to evaluate the potential extension of known mineralization and sheeted vein sets present in outcrop and encountered in previous drilling on the west side of Wings Canyon. Results from the current program include: 22WC-202: 41.2 m of 0.61 g/t Au from 18.0 m downhole, extending mineralization 40 m north of historical drilling; 22WC-200: 12.45 m of 0.51 g/t Au from 8.4 m downhole, and 23.1 m of 0.92 g/t Au from 70.0 m downhole, expanding near-surface mineralization 50m from previous drilling.

Mineralization at the west side of Wings Canyon remains open and there has been limited historical drilling between Wings Canyon and the Taurus resource area, approximately 500 m to the northwest. Drill hole 22WC-203 (northwest oriented) and 22WC-204 (north oriented) were designed to evaluate the potential extension of gold mineralization and veining on the sparsely drill tested east side of Wings Canyon in the hanging wall of the Decline Fault. On the east side of Wings Canyon, mineralization remains open to the east, south and northeast.

Between Snow Creek and Wings Canyon, there is minimal historic drilling, but mapping has identified areas of alteration and veining in surface outcrops. This area is a target for future exploration work. Both drill holes on the east side of Wings Canyon encountered multi-metre intercepts at grades comparable to areas within the Taurus deposit including 8.1 m at 0.89 g/t Au from 7.0 m downhole and 8.9 m of 0.62 g/t Au from 173.5 m downhole in 22WC-203.

This drill hole identified the extension of near-surface mineralization 170 m southeast of historical drilling and 50 m southeast of previously intersected mineralization along the Decline Fault at depth.