Cusac Gold Mines: Noranda Options Zacatecas Property, Drilling Underway.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--April 22, 1998--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, reports that Minerals Noranda S.A. de C.V. of Mexico has entered into an option agreement with Minera Basay S.A. de C.V. of Chihuahua regarding the Dos De Marzo zinc/silver property located in the Chalchihuites area of Zacatecas State, Mexico. Cusac Gold Mines Ltd. has an agreement to acquire 50 percent of Basay (announced March 10, 1998). The Dos De Marzo is one of the assets of Basay, which include five mineral properties and rights to a nearby 200TPD TPD Tons Per Day TPD Therapeutic Products Directorate TPD Total and Permanent Disablement (insurance) TPD Temperature Programmed Desorption TPD Temporary Partial Disability (insurance) mill, all within the Chalchihuites mining district of Zacatecas. The Noranda optioned Dos De Marzo property is the site of historic and more recent mining of zinc/silver 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. in skarn/manto structures through an inclined shaft and other underground workings. A 1992 sampling program established proven and probable reserves in existing workings of 28,540 tonnes grading 25g/T Ag and 8.3 percent Zn. A late 1970's four hole drill program established the presence of larger mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. manto structures within a limestone host. Noranda's drill program is currently underway. Cusac/Basay plan to immediately begin reactivation of the Chalchihuites mines and mill as well as drill existing targets as soon as possible. In particular, the Esmerelda Mine, a significant copper oxide occurrence with grades in excess of 3 percent, has never been drilled and is a priority exploration area. The mineralization occurs in a pipe-like structure that is approximately 70 metres in diameter where observed underground. Cusac Gold Mines Ltd. Guilford H. Brett, President -0- NOTE: Location map available from the Company at the phone number listed below. -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, 800/670-6570 http://www.cusac.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion