Cusac Gold -- Vollaug Vein Boosts Gold Reserves High Grade Milling Continues.VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 30, 1996--Cusac Gold Mines Ltd. (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) , 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) Guilford H. Brett, President, is pleased to report that recent reevaluation of historic data and follow-up follow-up, n the process of monitoring the progress of a patient after a period of active treatment. follow-up subsequent. follow-up plan diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral on the Vollaug Vein has resulted in the establishment of new proven, probable and possible reserves of 43,394 tons grading .455 ounces per ton gold. This brings Cusac's total reserves at its 100 percent owned and operated Table Mountain Gold Mine near Cassiar in North Central B.C. to 144,535 tons grading .372 oz/ton containing an estimated 53,767 ounces of gold. The company estimates a geologically ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. inferred resource in the Table Mountain area of 370,000 ounces. The Vollaug Vein was the first gold bearing vein discovered on Table Mountain (Cominco, 1937), has a strike length of approximately 7,000 feet, has been developed and mined by Cusac's predecessors through 4 portals, and has produced approximately 44,716 ounces of gold. All of these workings are open and Cusac is now refurbishing the "5700" Portal for immediate development and mining. Milling of this ore is expected to commence October 15, concurrent with ongoing development and mining in the Michelle Highgrade Zone. Significant surface diamond drill intersections on the Vollaug Vein are as follows:
WIDTH IN METERS (feet) GRADE (oz Au/Ton)
2.3 (7.6) 2.663
1.0 (3.3) 0.320
1.6 (5.3) 0.236
3.1 (10.2) 0.239
1.2 (4) 0.348
1.7 (5.6) 0.397
1.1 (3.6) 0.927
2.8 (9.2) 1.735
1.6 (5.3) 0.698
Additional drilling from underground on the Vollaug is now under
way.
Michelle Highgrade Zone Gold Values Better Than Expected In August, 1996, 2,213 tons of ore was milled at an average head grade of 1.222 ounces of gold per ton to produce 2,511.5 ounces of gold, bringing total production for 1996 to Aug. 31 to 15,725 ounces. Recovery for August averaged 95.83 percent. Tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. in Lilly vein is expected to be greater than anticipated as the vein widens to 4 meters (13 feet) in some areas. Recent chip sampling of the Lilly vein has returned extremely high values, including record high assay of 149 ounces of gold per ton over 1.1 meters (3.6 feet). Cusac Gold Mines Ltd. Per/Guilford H. Brett President -0- The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. CONTACT: Cusac Gold Mines Ltd. Guilford H. Brett, 604/682-2421 E-mail: cusac@uniserve.com http://www.cusac.com |
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