Cassiar Gold Corp. announced assay results from an additional ten diamond drill holes from the 2023 exploration program. The results reported are from the Taurus Deposit and outlying Wings Canyon target located in the Cassiar North area of the Company's Cassiar Gold Property in northern British Columbia.

The Taurus Deposit hosts a substantial near-surface, bulk-tonnage Inferred gold resource of 1.4 million ounces grading 1.14 grams per tonne (g/t) gold (Au) which remains open in most directions and has been a priority for further expansion during the 2023 exploration campaign. Results from the eastern portion of the Taurus Deposit confirm the potential for expansion of known mineralization well outside the current resource footprint, while results from Wings Canyon highlight additional targeting opportunities along prospective structural corridors in outlying areas. Results remain pending for 29 drill holes totaling 10,788 metres (m) of drilling from the 2023 program.

Highlights: The latest drilling results reported in this news release are from ten holes totaling 2,587 m from the Taurus East and Wings Canyon areas at Cassiar North; Drill hole 23TA-195 intersected 27.7 m of 1.18 g/t Au from 152.1 m down hole, including 5.8 m of 2.61 g/t Au, expanding mineralization 65 m beyond the current mineralization model along the Decline Fault at Taurus East; Drill hole 23TA-192 at Taurus East intersected 0.7 m of 89.60 g/t Au from 45.0 m downhole, representing a 60 m extension of a higher-grade intercept encountered during the 2022 drill program 6.3 m of 1.73 g/t Au from 118.5 m downhole, expanding mineralization along the Decline Fault, 50 m down dip of 2022 drill holes and 430 m south of the Taurus East mineralization model; All drill holes at Wings Canyon intersected gold mineralization above the 0.5 g/t Au cutoff grade of the 2022 Inferred Mineral Resource at Taurus, including drill hole 23WC-207 which returned 29.3 m of 0.52 g/t Au from 5.9 m downhole. 2023 Drilling at the Taurus Deposit and Wings Canyon - Cassiar North Drill Program: The Taurus Deposit hosts a significant near-surface, bulk-tonnage, and pit-constrained inferred gold resource of 1.4 million ounces grading 1.14 g/t Au [2], 90% of the resource occurs within 150 m of surface, and mineralization remains open in most directions. Two mineralization styles comprise the Taurus Deposit collectively forming broad mineralized zones: (i) east-west trending sheeted vein sets and minor shear zones with pyritic alteration halos, and (ii) disseminated pyrite mineralization along the north-northwest trending and east-dipping Taurus West Fault.

The Wings Canyon target area is located 500 m southeast of the Taurus resource within a geologic setting that includes extensive quartz vein development and hydrothermal alteration, with limited drilling. Early stage drill testing at outlying targets such as Wings Canyon supports the ongoing evaluation of potential opportunities to expand the Company's resource base at Cassiar North. Drilling at Taurus East and Wings Canyon encountered geology that demonstrates similar styles of veining, alteration, and sulphide mineralization to the Taurus resource area.

These drill holes continue to reinforce the potential influence of a larger mineralizing system than currently established at Cassiar North and highlight potential along trend and proximal to prospective structural corridors.