1. Introduction
After exploring and evaluating their Kootenay Arc-based zinc and gold projects in 2017 and 2018, results were disappointing for?Cassiar Gold Corp.\-\-s (GLDC:TSX.V; CGLCF:OTCQB)?predecessor Margaux Resources, and didn\-\-t justify the spending of much more precious cash in a lackluster market. As zinc prices dropped off, Margaux seemed to have missed out on the zinc spike every zinc junior was chasing, and management decided to focus on gold, although the yellow metal dropped off as well at the time. This lasted until the summer of 2019.
With gold recovering, it looked like management placed their gold bets correctly. After raising CA$1.1M in cash in December 2018, the company went after gold assets that were more de-risked compared to, for example, the fully owned early-stage exploration Sheep Creek and Bayonne projects, and dropped the base metal projects.