Home > Boards > US OTC > Mining/Resources > Cusac Gold Mines Ltd. (CUSIF)

Cusac Drills 1.15 Grams Gold Over 87 Meters

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
NYBob Member Profile
Member Level 
Followed By 832
Posts 72,545
Boards Moderated 73
Alias Born 11/22/03
160x600 placeholder
NYBob Member Level  Monday, 08/13/07 08:25:10 PM
Re: cjstocks post# 48
Post # of 73 
Cusac Drills 1.15 Grams Gold Over 87 Meters and 6.39 Grams Over 15 Meters at Taurus Deposit
Monday August 13, 9:00 am ET

http://ca.us.biz.yahoo.com/iw/070813/0289684.html

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Aug 13, 2007 -- David H. Brett, President, Cusac Gold Mines Ltd. (Toronto:CQC.TO - News)(OTC BB:CUSIF.OB - News)(Frankfurt:DCB.F - News) (hereinafter "Cusac"), reports that assay results from 07TC-03, 04, 06 and 07 at the Taurus Deposit continue to confirm broad zones of near surface low-grade gold mineralization and also reveal higher grade zones within the deposit. Hole 07TC-03 returned 1.15 grams per tonne gold over 87.2 meters, including 2.14 grams over 30.3 meters. Hole 07TC-04 returned 1.81 grams over 66.8 meters, including, 15.2 meters grading 6.39 grams. Hole 07TC-07 assayed 0.93 grams over 116.5 meters, including 30.6 meters grading 2.65 grams. The foregoing grades are not capped. Please see detailed results in the table below for the uncapped and capped grades. The Taurus Deposit hosts a 43-101 compliant inferred resource of 1.04 million ounces of gold and is located near Cassiar in northern British Columbia.

Cusac is completing a 20 hole infill, step-out, and metallurgical diamond drill program designed to increase the overall tonnage and grade of the deposit, improve confidence in the resource calculation, and obtain material for detailed metallurgical testing. Further drill results from the Taurus Deposit are expected in the coming weeks.

All the holes of the 2007 Taurus drilling program have intersected intensely altered volcanics hosting abundant quartz veins and stringers, some containing visible gold. These types of mineralized zones are known as either T4 (greater than 5% quartz) or T4A (less than 5% quartz) and have shown good gold recoveries in previous metallurgical studies. Cusac geologists are also reviewing several kilometers of previously unsampled drill core stored on site to test potential low grade mineralization that was overlooked in past drilling. Any additional low grade material discovered could add resources to the deposit.

"The Taurus Deposit continues to show potential increase in grade and overall size," said Cusac CEO, David Brett. "Our team is doing an excellent job moving this large scale gold resource forward quickly and efficiently."


--------------------------------------------------------------
CAPPED at
Hole No. From (m) To (m) Au g/T 12.42 g/T(i) m Core
--------------------------------------------------------------

--------------------------------------------------------------
07TC-03 14.8 102.0 1.15 0.96 87.2
incl. 14.8 45.1 2.14 1.59 30.3
incl. 14.8 21.5 5.28 2.78 6.7

--------------------------------------------------------------
07TC-04 1.1 67.86 1.81 0.88 66.76
incl. 52.7 67.86 6.39 2.26 15.16

--------------------------------------------------------------
07TC-06 4.2 139.7 0.56 0.56 135.5
incl. 42.3 82.9 1.07 1.07 40.7

--------------------------------------------------------------
07TC-07 55.5 171.9 0.93 0.90 116.5
incl. 111.1 171.9 1.52 1.45 60.9
incl. 141.4 171.9 2.65 2.49 30.6
--------------------------------------------------------------


(i)This column shows average assay results if assays over
12.42 g/t are capped at 12.42, which is a factor derived
from the 2006 Wardrop Engineering 43-101 report on the
deposit.

Cusac Gold Mines Ltd., in existence since 1966, is a gold production and exploration company focused on the 175 square KM Cassiar Gold Property in northern British Columbia. Please visit our website www.cusac.com for more information.

George Sanders, M.Sc., P. Geo, is the Qualified Person under National Instrument 43-101 for the technical portion of this News Release. All assays reported in this news release were prepared by Eco Tech Laboratory Ltd. of Kamloops, B.C.

CUSAC GOLD MINES LTD.

David H. Brett, President & CEO

Forward Looking Statements

There are forward-looking statements contained herein that are not based on historical fact, including without limitation statements containing the words "believes", "may", "plans", will", "estimate", "continue", "anticipates", "intends", "expects" and similar uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, Cusac's exploration results, lack of revenues, additional capital requirements, risks associated with the exploration activity. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.



The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contact:

Contacts:
Cusac Gold Mines Ltd.
Investor Relations
Toll Free: 1-800-670-6570 (Canada) or 1-800-665-5101 (USA)
Email: info@cusac.com
Website: http://www.cusac.com


Source: Cusac Gold Mines Ltd.

http://investorshub.advfn.com/boards/getboards.asp?SearchStr=cusac


Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist