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Cassiar Gold
Crux Investor Index
6
–
Market Cap (USD)
40697814
Symbol
TSXV:GLDC
Stage of development
Exploration
Primary COMMODITY
Gold
Additional commodities
No items found.
Cassiar Gold Corp. is a Canadian exploration and development company advancing a district-scale orogenic gold system in northern British Columbia. The company’s flagship Cassiar Gold Project hosts a substantial mineral resource anchored by the Taurus Deposit, which contains 410,000 ounces of gold in the Indicated category at 1.43 g/t Au and 1.90 million ounces in the Inferred category at 0.95 g/t Au. Cassiar controls a 59,000-hectare land package across two historically productive gold districts - Cassiar North, a bulk-tonnage gold system, and Cassiar South, a high-grade vein camp with historical production exceeding 314,000 ounces at grades generally ranging from 10–20 g/t Au.
With two existing mine permits, a fully owned and permitted 300-tpd mill, road access via Highway 37, grid power, water, a 48-person camp, and an on-site airstrip, the Cassiar project benefits from extensive infrastructure rarely available to companies at this stage. Cassiar has drilled more than 69,000 metres since 2020 and continues to advance both deposit expansion and district-scale discovery potential. The company’s experienced technical and operational team—including globally recognized orogenic gold specialists - provides strong leadership as Cassiar moves toward significant resource growth and long-term development opportunities.
Cassiar Gold is listed on the TSX Venture Exchange (GLDC), OTCQX (CGLCF), and Frankfurt Stock Exchange (756). Backed by institutional investors, seasoned operators, and a strong geological team, the company is strategically positioned within a Tier-1 mining jurisdiction with a long history of gold production.
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No analyst notes
Opportunity
Cassiar Gold presents a compelling opportunity centered on a growing district-scale gold system with multi-million-ounce potential. The Taurus Deposit offers a near-surface, pit-constrained resource with 91% of ounces lying within 150 metres of surface, supporting the potential for a future low-strip, open-pit mining operation. Extensive recent drilling at Taurus, combined with broad mineralized intercepts at satellite targets - such as Newcoast, Wings Canyon, and Auroch - highlights the opportunity to expand the resource laterally and at depth. Historical high-grade veins at Cassiar South provide additional upside, with multiple unmined extensions and the potential for new parallel and stacked vein discoveries.
The project’s significant infrastructure advantages - including the fully permitted 300-tpd mill, mine permits, and road and power access - provide substantial potential savings in both capital requirements and development timelines. With gold prices strengthening globally and central banks increasing reserves, Cassiar offers strong leverage to the gold market while providing exposure to both bulk-tonnage and high-grade exploration success. The company’s focus on ESG priorities, community partnerships, and responsible development further enhances its profile as an attractive, well-positioned exploration and development story in a proven jurisdiction.
Summary
Management Team
Cassiar Gold is led by a strong, multidisciplinary management team with deep experience across exploration, operations, and corporate finance. President and CEO Marco Roque brings more than 20 years of international finance, venture capital, and mining investment experience, previously co-founding several successful resource companies. Chairman Stephen Letwin, former CEO of IAMGOLD, adds significant operational and development leadership from decades overseeing multi-billion-dollar mining operations.
Technical oversight is driven by Chief Technical Advisor Dave Rhys, one of the world’s leading orogenic gold experts whose work has contributed to the understanding of more than 600 million ounces of global gold resources. Jill Maxwell, VP Exploration, and James Maxwell, Director, both experienced geologists, lead the company’s exploration strategy across Cassiar’s district-scale land package. CFO Michael Wood, an experienced mining executive and co-founder of multiple exploration companies, oversees corporate development and financial management. Together, this leadership team positions Cassiar for disciplined growth, technical excellence, and effective project advancement.
Growth Strategy
Cassiar Gold’s growth plan is centered on continued resource expansion, discovery-driven exploration, and the strategic advancement of its permitted infrastructure. The company is executing an aggressive multi-year exploration program targeting expansion of the Taurus Deposit and evaluation of multiple regional prospects across Cassiar North. Recent drilling has confirmed broad mineralization beyond the current resource shell and identified new gold-bearing zones, reinforcing the potential for multiple bulk-tonnage deposits across the property. Concurrently, Cassiar is advancing high-grade targets at Cassiar South, where historical mines produced gold at grades of 10–20 g/t Au and several open extensions remain underexplored.
Cassiar’s long-term vision includes leveraging its fully owned and permitted mill, extensive road network, and existing mine permits to support future development optionality. The company continues to strengthen community relationships, expand ESG initiatives, and maintain transparent engagement with the Kaska Dena First Nations. With strong technical leadership, robust land position, and a focus on responsible advancement, Cassiar is building the foundation for a future mining operation while preserving significant exploration upside and potential for a strategic transaction.
Charts
Details
Financial Overview
Cassiar Gold maintains a solid financial position supported by its infrastructure portfolio and ongoing capital market access. As of late 2025, the company reported a market capitalization of approximately C$42 million and held C$8.7 million in cash and deposits. Since 2020, Cassiar has raised over C$50 million to advance exploration and development activities, enabling more than 69,000 metres of drilling alongside comprehensive geophysical surveys, surface sampling, and technical studies. The project’s existing 300-tpd mill, mine permits, and road and power infrastructure represent significant embedded value and the potential to materially reduce future development capital.
While the company has not yet published a preliminary economic assessment, the near-surface, pit-constrained geometry of the Taurus Deposit and the region’s historical production demonstrate favorable conditions for potential future development. Cassiar continues to pursue strategic financing avenues to support exploration while minimizing dilution, and the company benefits from strong institutional ownership and analyst coverage. This financial discipline, combined with a low enterprise value per ounce relative to peers, positions Cassiar as an undervalued growth story with substantial leverage to continued exploration success.
Risk Factors and Mitigation
Cassiar Gold faces several risks common to mineral exploration and development. The company’s success depends on gold price trends; however, its focus on near-surface bulk-tonnage targets and historically high-grade veins provides strong upside potential in both rising and moderate price environments. Permitting and regulatory processes remain significant considerations, but Cassiar’s existing mine permits, long-standing regional infrastructure, and positive community relationships help mitigate development timelines. Ongoing engagement with the Kaska Dena First Nations, including training initiatives and site tours, supports a collaborative and transparent approach.
Financing exploration and potential development is an ongoing requirement. Cassiar addresses this through disciplined capital allocation, active participation in equity markets, and maintaining strong relationships with institutional investors. Technical and geological uncertainties associated with exploration are mitigated by the company’s experienced leadership team, targeted drilling programs, and incorporation of modern geophysical and geochemical tools. Through this risk-aware strategy, Cassiar remains well positioned to advance its district-scale gold project responsibly and effectively.
Conclusion
Cassiar Gold Corp. is emerging as a significant exploration and development company with a district-scale gold opportunity in one of Canada’s most stable mining jurisdictions. With a growing resource base anchored by the Taurus Deposit, strong exploration results across multiple regional targets, and a suite of existing infrastructure uncommon for an exploration-stage company, Cassiar presents a compelling value proposition. The company’s experienced leadership team, technical expertise, and disciplined development strategy contribute to its ability to unlock the full potential of its 59,000-hectare land package.
As Cassiar progresses through ongoing drilling, geophysical surveys, and regional exploration, the project continues to demonstrate potential for meaningful resource expansion and discovery. Coupled with the company’s commitment to ESG principles and strong partnerships with local First Nations, Cassiar is well positioned to create long-term value. For investors seeking exposure to a de-risked, infrastructure-advantaged, multi-million-ounce gold district with significant upside, Cassiar Gold Corp. offers a compelling opportunity for future growth.
















