Cassiar Gold Corp. (TSXV: GLDC | OTCQX: CGLCF) has announced the signing of an Exploration Agreement with the Dease River First Nation, whose traditional territory encompasses the Cassiar Gold Project in northern British Columbia. The agreement establishes a collaborative framework covering Indigenous rights, employment opportunities, environmental stewardship, and ongoing engagement. As part of the arrangement, Cassiar Gold will issue 500,000 units to the Dease River First Nation, subject to TSX Venture Exchange approval, making this a significant milestone for the company's community relations strategy.

Key Points

  • Cassiar Gold Corp. (TSXV: GLDC | OTCQX: CGLCF) announced a formal Exploration Agreement with the Dease River First Nation
  • The agreement formalises a collaborative framework for responsible mineral exploration across the Cassiar Gold Project in northern British Columbia
  • Cassiar Gold will issue 500,000 units — each comprising one common share and one warrant exercisable at $0.65 per share for 12 months — pending TSX Venture Exchange approval
  • Investors may be watching for TSX Venture Exchange approval of the unit issuance and progress on planned exploration activities

Exploration Agreement Framework Between Cassiar Gold and Dease River First Nation

The agreement formalises the relationship between Cassiar Gold and the Dease River First Nation, establishing regular communication channels and joint committees to review project progress. Key elements include recognition of Indigenous rights and incorporation of traditional knowledge into exploration planning, employment and training commitments for First Nation members and businesses, joint environmental protection measures, and structured monitoring and reclamation activities. The release states the agreement covers the full exploration lifecycle, reflecting what the company describes as a commitment to inclusive and transparent resource development on the First Nation's traditional territory.

Unit Issuance to Dease River First Nation Pending Exchange Approval

Under the terms of the agreement, Cassiar Gold will issue 500,000 units to the Dease River First Nation, subject to TSX Venture Exchange approval. Each unit consists of one common share and one non-transferable common share purchase warrant, with each warrant entitling the holder to acquire one additional common share at $0.65 per share for a period of 12 months from the date of issuance. The unit shares, warrants, and warrant shares are subject to a Canadian hold period of four months and one day from issuance, as well as contractual trading restrictions, the announcement confirms.

Cassiar Gold Project Mineral Resources and Property Scope

The Cassiar Gold Property spans 590 km² in northern British Columbia and comprises two main project areas. Cassiar North hosts the Taurus deposit, which carries an Indicated Mineral Resource of 8.8 million tonnes at 1.43 g/t Au for 410,000 ounces of gold, plus Inferred Mineral Resources of 63.2 million tonnes at 0.95 g/t Au for 1.93 million ounces. Cassiar South hosts numerous historical workings and gold showings, with past underground mines yielding over 315,000 oz of gold at average head grades of between 10 and 20 g/t Au, according to the company's NI 43-101 technical report dated effective June 8, 2025.