Cusac Gold Mines Ltd. -
http://www.b-tv.com/i/videos/cusac.wmv
The East Bain and Rory Veins total 44,000 tons of Probable
Mineral Reserves grading 0.49 ounces per ton containing
21,360 ounces of gold.
Please note that the Pre-Feasibility Study is based on cut
grades only (meaning all drill core assays used in reserve
calculations over 2 ounces per ton were cut back to 2 ounces)
and does not include previously announced Rory and East Bain
Inferred Mineral Resources of 3,369 tons grading
0.96 ounces per ton (cut).
Exploration -
During its tenure at Table Mountain , Cusac has taken great care
to preserve and compile the vast database of exploration
and production information that has built up over the years.
The majority of the historic data has been captured in software
specially designed for the mining industry that allows advanced
analysis and modeling of the geological structures on
the property.
Cusac's geological staff, headed by VP of Exploration Lesley
Hunt, B.Sc, has through experience aided by technology,
has developed an enhanced understanding of the geology of
Table Mountain that will help the company be successful in
its continuing exploration of this historic producer....
with its own Queen -
Lesley Hunt reviewing Drill Core
The Table Mountain Gold Mine -
The Table Mountain Gold Mine is located in the prolific
Cassiar Gold Camp located in North central British Columbia.
Over the last 40 years, Cusac has amalgamated the largest
claim holdings within the Cassiar Gold Camp.
The Table Mountain Gold Property comprises a number of
past-producing, high-grade underground gold mines and
placer workings in the Cassiar District of British Columbia.
Total gold production to date from the Cassiar District is
about 423,500 oz (13,172 kg) of gold.
The mine ceased producing when gold prices dropped dramatically
in 1997.
Gold production began in December 2006....
dd....
Recent CQC Stock Analysis: You can see the stock was
preparing to run strongly in late October in anticipation of
production commencing in Nov 06... however, when the Nov.
production date was delayed, the stock sold-off and has been
consolidating since... and is now nearing the tail-end of that
consolidation...
http://www.investorshub.com/boards/read_msg.asp?message_id=16501127
I strongly advise watching the new corporate video from Cusac...
http://www.b-tv.com/i/videos/cusac.wmv
Guil, is it time to hike back UP? -
Guilford Brett, Cusac's
Chairman, prospecting in
the Cassiar, 1957.
Cusac founder and Chairman Guilford H. Brett -
was honored with the Industry Perseverance Award at the 2007 -
Cambridge House Gala Awards Dinner and Art Auction held -
January 20th at the Grand Ballroom Vancouver Convention -
and Exhibition Centre.
The award was bestowed on Cusac in part for being the only
metal and mining company in the province of British Columbia
to commence production in 2006 and overcoming significant
obstacles to achieve this goal -
http://www.marketwire.com/mw/release_html_b1?release_id=206999
http://www.cusac.com/comphis.shtml
The Table Mountain Gold Mine -
Gold Production During -
Cusac Operation -
1994 - 15,722 oz
1995 - 13,202 oz
1996 - 21,729 oz
1997 - 8,331 oz
1998 - 1000 oz
Total - 287,000 oz from 687,000
SDT since 1979
Gold was first discovered in the Cassiar District in 1874,
the beginning of a major placer "Gold rush" that saw Gold -
produced from McDame and other creeks until 1895.
BC's largest Gold nugget was found on McDame Creek, which
traverses Cusac's Table Mountain property.
From McDame Creek in 1877 a 72-ounce solid Gold nugget was
recovered - the largest recorded to date in British Columbia -
Gold bullions - supply and demand -
"The cabals & Gold manipulations made hardship -
for many Gold producers - were devasted from $275 Gold -
very few emerged without being heavily encumbered
in debt"
In hindsight....
Cusac did stopping production and putting -
The Table Mountain Gold Mine -
into care and maintenance mode in 1997/98 -
was the right decision -
as opposed to trying to eek out a living on $275 - $300 Gold -
which likely would have ended up having very negative LT -
long-term financial implications for the company.
Cusac to Gain 100% Control of 1.04 Million Ounce Taurus Project -
http://www.cusac.com/cgi-bin/Clients/news.pl?rm=ShowNews&news_id=56
* Wholly owned property in the Cassiar gold camp in Northern
British Columbia.
* Recently (early 2006) announced 725,000 ounce Gold resource.
* Metallurgic studies and in-fill drilling are the next phase
of project development.
* The property is on a paved highway with road access to the
mineralized area.
Business Description:
Engaged in the acquisition, exploration, development
and mining of precious metal resource properties.
Focuses on the production of Gold from operations at -
The Table Mountain Gold Mine -
Properties in Northern British Columbia.
Address:
1600 - 409 Granville Street,
Vancouver, BC, CN V6C 1t2
Telephone:
(604) 682-2421
Website:
http://www.cusac.com
Facsimile:
(604) 682-7576
Email:
info@cusac.com
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