Stonegate Capital Partners has initiated research coverage on Cassiar Gold Corp. (TSXV: GLDC), bringing institutional attention to the company's technical advancements at its Cassiar Gold Property. The coverage follows Cassiar's June 2025 NI 43-101 technical report and updated mineral resource estimate, which represents a material advancement in the company's technical foundation.
The updated mineral resource estimate outlines pit-constrained resources at the Taurus deposit with Indicated Mineral Resources of 8.8 million tonnes at 1.43 grams per tonne gold (410,000 ounces) plus Inferred Mineral Resources of 63.2 million tonnes at 0.95 grams per tonne gold (1.93 million ounces) using a 0.4 grams per tonne gold cut-off. A significant aspect of this resource is that 91% of the ounces occur within 150 meters of surface, with mineralization starting at surface, which could potentially reduce mining costs and improve project economics.
In parallel with the technical report completion, Cassiar has maintained an active exploration program to expand mineralization and improve continuity. During the 2024 drill program, the company drilled a total of 7,168 meters over 30 holes. This was followed by the 2025 drill program comprising 7,308 meters over 20 drill holes, with positive early results reported. The consistent drilling activity demonstrates the company's commitment to advancing the project through systematic exploration.
The initiation of research coverage by Stonegate Capital Partners provides institutional validation of Cassiar Gold's progress and could increase visibility among investment communities. Research coverage typically provides detailed analysis of company fundamentals, project economics, and growth potential, which can be particularly valuable for junior mining companies seeking to attract capital for further development.
For investors and industry observers, the coverage highlights several key aspects of the Cassiar Gold Property, including existing infrastructure already in place, updated technical reports compliant with NI 43-101 standards, and the project's status as a 100% owned gold property with historic production. These factors collectively suggest a reduced development timeline compared to greenfield projects and potentially lower capital requirements.
The timing of this coverage coincides with Cassiar's transition from exploration to potential development planning, as evidenced by the completion of a comprehensive technical report. The surface-nature of the mineralization, with 91% of ounces within 150 meters of surface, suggests the potential for lower-cost open-pit mining methods, which could enhance project economics in various gold price environments.
For the broader mining industry, successful advancement of projects like Cassiar Gold Property contributes to maintaining and expanding global gold supply. As existing mines face depletion and new discoveries become increasingly rare, well-defined projects with near-surface mineralization represent important future production sources. The detailed technical information available through resources like the full announcement provides transparency that supports informed investment decisions in the mining sector.
