Kazar Golden Company (GLDC-TSXV, CGLCF-OTCQX) It has launched a preliminary economic evaluation (PEA) at its 100% owned Cassiar Gold project in northern British Columbia.
The company targets to complete the PPA in the third quarter of 2026. It will build on the recently upgraded core resource at the bulk tonnage Taurus deposit, which consists of an indicated resource of 8.8 million tonnes at 1.43 g/t gold or 410,000 ounces, with an additional 63.2 million tonnes or 1.93 million ounces at 0.95 g/t in inferred grade. The company said 91% of the ounces occur at a depth of 150 meters from the surface.
The near-surface deposits accessible by roads remain open to expansion, the company said in a press release.
Cassiar Gold shares fell in early trading Thursday, falling 5.4%, or $0.03, to 52 cents. Shares are currently trading in a 52-week range of 73 cents to 18 cents.
Cassiar is an exploration company focused on British Columbia. It owns a 100% stake in its flagship Cassiar gold project, which extends over an area of 590 square kilometers and consists of two main project areas known as Cassiar North and Cassiar South.
The Cassiar North region, which hosts the Taurus deposit, will be the focus of PEA’s interest.
Cassiar South hosts numerous gold shows, historic workings and exploration projects over a length of 15 km and a width of up to 10 km. Historic underground mines in the South Cassiar area have produced more than 315,000 ounces of gold grading between 10 and 25 g/t gold, underscoring the high potential for further discovery of original Bonanza grade gold veins.
The area is accessible via Interstate 37, which bisects the property, connecting to roads throughout the property. The project contains a mill with a capacity of 300 tons per day for future operations and a permanent camp.
The company also owns a 100% interest in the Sheep Creek gold camp in Salmo, British Columbia. The Sheep Creek Gold District is the third-largest gold-producing district in British Columbia, with historical production of 742,000 ounces of gold averaging 14.7 g/t gold from 1900 to 1951. Minimal exploration has been conducted since the 1950s, Cassiard said in a news release.
Meanwhile, in its latest press release, Cassiar said that PEA will evaluate potential development scenarios for the Cassiar project and evaluate the economic potential of the Taurus deposit. In addition, the study will develop business plans to support the company in further developing the project. “The study will be a critical milestone and will guide our next steps towards responsible development,” said Marco Rocchi, President and CEO of Cassiar Gold. “A mineral assessment of the Taurus deposit is currently underway, with results expected in the second quarter of 2026 to support the PEA.”
