Cusac Gold Mines Ltd.: Taurus II Open Pit Target Yields 19 Meters Grading 1.27 g/tonne Gold in Diamond Drilling.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- David H. Brett, President, Cusac Gold Mines Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :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) )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CUSIF) (the "Cusac"), reports continued encouraging disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area. dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. gold assay results from its Taurus II bulk 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. exploration program on its 100% owned Table Mountain Property in northern BC, including 1.27 grams per ton gold over 19 meters in hole 05SV-03. A total of 13 holes comprising 2,444 meters of 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 were completed during the 2nd phase of exploration. Assays from the final three drill holes testing the Somerville System are reported below. The current phase of drilling at Taurus II has returned highly encouraging intercepts of low grade, near surface disseminated gold 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. that confirms the potential for a bulk tonnage, open pit mineable gold deposit. The Taurus II area is located 3 km north of Cusac's existing Table Mountain high-grade underground operation and 3 km southeast of the Taurus Project where Cyprus Canada previously outlined a historic resource of 40.6 million tonnes grading 1.07 grams per tonne(i). A minority portion of this historic resource at the Taurus Project is partly owned by Cusac because it lies on Cusac mineral claims. American Bonanza Bonanza saga of the Cartwright family. [TV: Terrace, I, 111–112] See : Wild West Gold Corporation, the company that owns the majority of the claims over this historic resource, recently announced the commissioning of a major engineering firm to complete a 43-101 compliant resource estimate and preliminary economic scoping study of the Taurus Project. Cusac remains the dominant player in this district and has ownership of most of the mining claims surrounding the Taurus Project. The three holes reported in this news release are from the Somerville System, where a total of 1,122 m in six holes were drilled to test an area where numerous surface rock and soil geochemical anomalies define a zone over half a kilometer square. Drill hole 05SV-03, which tested the same zone on strike to the west of previously reported hole SV-04 (25m of 1.26 g/t Au), encountered 19 m of 1.27 g/t Au. Cusac Director George Sanders, M.Sc, P.Geo, Cusac VP of Exploration, Lesley Hunt, B.Sc., and Dale Sketchley, M.Sc, P.Geo., recently completed a detailed on-site review of the Taurus II project. Mr. Sketchley is preparing an independent 43-101 compliant report on the project, to be released shortly, which will recommend an exploration program for future work. Cusac intends to complete follow up exploration at Taurus II, including diamond drilling, during October 2005. All significant intercepts from the remaining holes so far are presented in the table below. The intercepts reported herein are core-length intercepts; true widths will be estimated when the geological data is interpreted on cross sections. "There is excellent potential to define zones at Taurus II where broad envelopes containing low grade gold in carbonate carbonate (kär`bənāt', –nət), chemical compound containing the carbonate radical or ion, CO3−2. Most familiar carbonates are salts that are formed by reacting an inorganic base (e.g. altered and pyritized volcanic rocks rocks which have been produced from the discharges of volcanic matter, as the various kinds of basalt, trachyte, scoria, obsidian, etc., whether compact, scoriaceous, or vitreous. See also: Volcanic could coalesce co·a·lesce intr.v. co·a·lesced, co·a·lesc·ing, co·a·lesc·es 1. To grow together; fuse. 2. To come together so as to form one whole; unite: to form economic open pit mineable gold mineralization," said Cusac Director George Sanders. "We need to ask ourselves how the low grade, bulk tonnage gold deposits in the Fairbanks and Donlin Creek districts in Alaska looked to the companies at this early stage in their exploration, and apply the lessons learned to the Taurus II and elsewhere on Cusac's extensive claim holdings in the Cassiar Gold Camp to make the same kinds of discoveries."
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Significant Composite Assay Intervals
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Core Length
Hole From (m) To (m) (m) Au (g/tonne)
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05SV-03 63.20 78.20 15.00 0.70
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including 64.20 68.60 4.40 1.27
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05SV-03 182.50 201.50 19.00 1.27
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including 190.40 201.50 11.10 2.06
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05SV-05 114.40 122.00 7.60 0.62
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05SV-05 146.55 158.95 12.40 1.14
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including 156.10 158.95 2.85 2.58
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05SV-06 158.40 161.20 2.80 0.92
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05SV-06 190.10 192.20 2.10 1.32
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05SV-06 218.30 219.30 1.00 1.25
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05SV-06 251.60 252.45 0.85 4.27
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George Sanders, M.Sc, P.Geo and Dale Sketchley, M.Sc, P.Geo are Qualified Persons for the purpose of this News Release under National Instrument 43-101. Mr. Sanders is assuming the ongoing role of Qualified Person from Mr. Sketchley, who will be unavailable to Cusac due to full time employment with another company. Cusac sincerely thanks Mr. Sketchley for his contribution to the exploration and development of the Table Mountain Property. Acme (company, jargon) ACME - /ak'mee/ 1. A Company that Makes Everything. The canonical imaginary business. Possibly also derived from the word "acme" meaning "highest point". 2. A program for MS-DOS. Analytical Laboratories of Vancouver, BC prepared all assays reported above. (i) This data is historical in nature and was compiled before the implementation of National Instrument 43-101 reporting standards. Investors are cautioned that recent independent verification of the data has not been performed and the Company has not completed sufficient exploration to verify the historical resource and reserve estimates. The Company is not treating the historical estimates as National Instrument defined resources or reserves verified by a qualified person and the historical estimate should not be relied upon. CUSAC GOLD MINES LTD. David H. Brett, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Cautionary Note: Some of the statements in this release may be considered forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined by securities legislation. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Annual Reports on Form 20-F filings we make with the Securities and Exchange Commission and our Annual Information Form we file with the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links
The TSX has not reviewed and does not accept responsibility for th e adequacy or accuracy of this release. Cusac Gold Mines Ltd. (TSX:CQC) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :CUSIF) |
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