Cusac Gold Mines High Grade Gold Discovered East of the Erickson Fault.VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 18, 1998-- Cusac Gold Mines (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, reports that exploration east of the Erickson Fault at the Company's Table Mountain Mine has lead to the discovery of a significant structure tentatively thought to be a continuation of the Bear Vein. The Bear Vein was mined underground west of the fault on the Main Mine Level and produced significant quantities of gold. Initial trenching, recently completed, has exposed 48 metres of the structure. The structure is open to the east and drill holes completed at the end of the 1997 drill program indicate it continues at least another 50 metres to the east and is open beyond. Ninety channel samples have been taken along the exposed 48 metres of the structure. Assays completed to date on the first 22 metres of the structure have returned an uncut grade of 2.83 ounces per ton over a width of 0.64 metres. A sub-parallel hanging wall stringer zone is also auriferous au·rif·er·ous adj. Containing gold; gold-bearing. [From Latin aurifer, gold-bearing : aurum, gold + -fer, -fer. but do to its discontinuous discontinuous /dis·con·tin·u·ous/ (dis?kon-tin´u-us) 1. interrupted; intermittent; marked by breaks. 2. discrete; separate. 3. lacking logical order or coherence. nature is not included in the above assay results but will reduce dilution during mining. The significant surface expression of this zone lends it to low cost, open cast mining. The Company's technical staff is currently reviewing the data and will make a production decision when the remainder of the zone is exposed. The mining method to be employed is similar to that used on the Vollaug Vein which produced significant quantities of gold last season. This discovery opens a large area to exploration which previously has not produced any ore grade Ore grade is a measure that describes the concentration of a valuable natural material (such as metals or minerals) in its surrounding ore. Ore grade is used to assess the economic feasibility of a mining operation: the cost of extracting a natural material from its ore is directly 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. . The area to the east of the Erickson Fault could potentially host a similar amount of ore grade material as the area to the west. In excess of 225,000 oz of gold were produced west of the fault. Exploration is continuing and more results will be forthcoming shortly. Cusac Gold Mines Ltd. Per/ Guilford H. Brett, President
CONTACT: Cusac Gold Mines Ltd.
David Brett, 604/682-2421 or 800/670-6570
cusac@uniserve.com
http://www.cusac.com
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