Cassiar Gold (TSXV:GLDC) - Defining a 5 Million Ounce Gold District-Scale Opportunity in BC, Canada

Company Interviews

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

Our previous interview: https://www.cruxinvestor.com/posts/cassiar-gold-corp-tsxvgldc-advancing-district-scale-gold-asset-in-a-premier-mining-jurisdiction-4727

Recording date: 11th September 2024

Cassiar Gold Corp. (TSXV:GLDC) is advancing its flagship Cassiar Gold project in northern British Columbia, aiming to uncover a district-scale gold opportunity that could attract major producer interest. Led by CEO Marco Roque since 2020, the company has been methodically expanding its resource base through consistent drilling success.

The Cassiar Gold project spans 59,000 hectares and currently hosts the Taurus deposit with a 1.4 million ounce gold resource. However, management believes this is just the beginning. For 2024 alone, the company has drilled over 7,168 meters, consistently expanding mineralization with an impressive hit rate. Out of 175 drill holes completed since the last resource update, only two failed to intercept significant mineralization above the cut-off grade.

The company's strategy focuses on demonstrating the district-scale potential of the property. Beyond the Taurus deposit, Cassiar Gold sees potential for multiple satellite deposits that could be as large as Taurus or potentially form part of an even larger connected system. The ultimate goal is to define a 5+ million ounce resource that would attract interest from major gold producers seeking to replenish their reserves in stable jurisdictions.

Cassiar Gold plans to release an updated resource estimate in early 2025, incorporating results from their extensive drilling campaigns. This update represents a significant potential catalyst for the stock. The company currently has about $7 million in cash and has consistently raised capital to fund exploration, including creative use of flow-through financing to minimize dilution.

One of Cassiar Gold's key strengths is its experienced management team and board, which includes industry veterans with track records in discovering, developing, and operating major gold mines globally. This expertise could prove valuable in attracting interest from potential acquirers.

The investment thesis for Cassiar Gold centers on its district-scale potential, consistent exploration success, strategic location in a stable jurisdiction, and potential for significant resource growth. The company offers leveraged exposure to gold prices, with success in resource expansion potentially providing outsized returns relative to gold price movements.

Cassiar Gold's story intersects with several favorable macroeconomic themes, including record gold prices, increasing geopolitical instability driving interest in stable jurisdictions, and major producers facing declining reserves. These factors could drive increased M&A activity in the gold sector, potentially benefiting advanced explorers like Cassiar Gold.

As always, thorough due diligence and careful position sizing are essential when considering investments in the junior mining sector. For investors with a high risk tolerance and long-term perspective, Cassiar Gold offers exposure to a potentially large-scale gold discovery in a premier mining jurisdiction. The upcoming resource update and ongoing exploration results provide near-term catalysts, while the company's strategic focus on building a district-scale opportunity sets the stage for potential long-term value creation.

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

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