Cusac - Positive Metallurgy results advance Taurus Project Cyprus Canada moves on to next phase of Exploration Program.VANCOUVER, B.C.--(BUSINESS WIRE)--Jan. 23, 1996--CUSAC GOLD MINES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CUSIF)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CQC CQC China Quality Certification Center CQC Caiga Quien Caiga (Argentinean TV show) CQC Close Quarters Combat (gaming league) CQC Close Quarters Combat (hand to hand) ) Guilford H. Brett, President, is pleased to announce that the Company has received an interim metallurgy report showing positive results from the samples tested by Cyprus Canada Inc. during the past two months. The samples were from drill holes on the Taurus Project near Cassiar, B.C. The project is being explored by Cyprus Canada under agreements with Cusac Gold Mines Ltd. (CQC.T and CUSIF- NASDAQ) and International Taurus Resources Inc. (ITU (International Telecommunication Union, Geneva, Switzerland, www.itu.ch) A telecommunications standards body that is under the auspices of the United Nations. Comprising more than 185 member countries, the ITU sets standards for global telecom networks. .V). Cyprus Canada has reported most of the results of metallurgic study performed on the mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. from drill holes on the Taurus Project. The results are very positive and will lead to a continued 1996 exploration program by Cyprus Canada. Bottle roll cyanide leach tests were performed on the two different types of mineralization within the Taurus Project. The 88 Hill quartz vein type of mineralization represents the bulk of the deposit as it is known so far. Samples from the 88 Hill Zone were found to have an average recovery rate of 75 percent. The other style of mineralization is massive disseminated pyritic py·rite n. A brass-colored mineral, FeS2, occurring widely and used as an iron ore and in producing sulfur dioxide for sulfuric acid. Also called fool's gold, iron pyrites. mineralization which is only found in a small geographically distinct area within the North-West corner of the deposit. This pyritic style of mineralization has a low recovery rate of less than 30 percent. The results clearly indicate that a simple traditional cyanide recovery technique will result in a very good gold recovery from most of the Taurus Project mineralization. In addition, the hardest rock on the property was found to have a lower than expected crushing index. This means grinding the rock will require less energy, resulting in lower operating costs operating costs npl → gastos mpl operacionales . Cyprus is currently planning the 1996 exploration program. It is expected that this program will include stripping of an outcrop area on the 88 Hill followed by fill-in diamond drilling, to determine geometry and continuity of better grade zones. This program will likely start this spring once the snowpack snow·pack n. An area of naturally formed, packed snow that usually melts during the warmer months. snowpack 1. has melted. Cyprus anticipates that by completing a strip program first, it will allow for a more cost effective exploration program. Future drill patterns will be based on the results of the stripping. An exploration drill program to fill in some of the large drilling gaps within the main area of mineralization (between 88 Hill, the Taurus Mine and the Western areas of the deposit) and to test the promising Wings Canyon area and its extensions will start at the same time. Cyprus Canada also reported that it has completed a detailed property survey of the Taurus Project. The attached property map shows the new boundaries as reflected by this survey. On Behalf of the Board of Directors, CUSAC GOLD MINES LTD. -0- Guilford H. Brett President -0- NOTE: Location map available from the Company at the phone number listed above. CONTACT: Cusac Gold Mines Ltd. Lance Abbott, 604/682-2421 604/682-7576, Fax Internet Web Site - http://www.cusac.com Email address - cusac@uniserve.com |
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