Cusac reports that drill results show numerous higher grade intercepts in 88 hill zone.VANCOUVER, Bc--(BUSINESS WIRE)--Nov. 16, 1995--CUSAC GOLD MINES (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , VSE See DOS/VSE. VSE - Virtual Storage Extended :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 Brett, president of Cusac Gold Mines Ltd. is pleased to announce further encouraging assay results from the final drill holes of the 1995 exploration season on the Taurus/Cusac Project near Cassiar, B.C. The project is being explored by Cyprus Canada Inc. under agreements with 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) and Cusac Gold Mines Ltd. [CQC.V, CQC.T and CUSIF (NASDAQ)]. The drill results currently being reported, are mainly from the 88 Hill Zone, which with its numerous higher grade intercepts is a promising area for a possible starter pit. Contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent the results of the current metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. testing program, Cyprus Canada expects to commence the next phase of drilling in January 1996, with close spaced drilling to test and confirm a starter pit location. Drill holes 72 through 78, all in the 88 Hill Zone, provided fill-in data between previous drill holes spaced 200 metres (656 ft.) apart and were not intended to extend the size of the 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. zones. All the holes intersected multiple zones of 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. quartz vein 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. , with many of the intercepts averaging from 1.0 to 6.0 g. Au/t. (0.03 to 0.17 oz. Au/ton) over substantial widths. The best results were from hole 75 which assayed 1.59 g. Au/t (0.047 oz. Au/ton) over 80 m. (262 ft.). The remaining drill holes (70 and 71) were twins of holes 29 and 48, respectively, and were drilled to test for geometry and continuity of mineralization. Correlation between the holes was good and the assay results are considered typical of the type of grade expected within the system. The results from the 88 Hill Zone suggest that mineralization appears to be continuous with many high grade intercepts. Cyprus Canada plans to continue close spaced drilling in this area, contingent upon positive results from the detailed metallurgical testing currently underway. Preliminary metallurgical testing conducted earlier this year indicated that one of the two styles of mineralization may be leachable with a possible recovery rate of better than 70 percent. The other style of mineralization appeared to be more amenable to milling. Calculations by an independent consultant hired by Taurus and Cusac indicate that, to date, the 88 Hill Zone (800 m. x 500 m.[2624 ft. x 1640 ft.]) alone contains approximately 1.4 million ounces of gold in 50 million tons with an average grade of 1.05 g. Au/t (0.031 oz. Au/ton). This calculation uses a cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, grade of 0.5 g. Au/t (0.015 oz. Au/ton). The 88 Hill Zone is open to the South, North and East, continued drilling early next year could increase this estimate significantly. The Taurus West Zone has a higher average grade of 1.4 g. Au/t (0.041 oz. Au/ton) and contains approximately 0.9 million ounces in 22 million tons (again using a 0.5 g. Au/t cut-off). International Taurus considers these grades and tons more than adequate for a possible large tonnage open pit mine. Listed below is a summary of the drill holes for which results have recently been received: -0- HOLE COLLAR LENGTH AZIMUTH DIP CLAIM FROM TO ASSAY # LOCATION (m) (deg.) HOLDER (m) (m) g/t Au/m
95-70 11+02W, 174.4 357 -44 Taurus 70.0 146.0 0.53/76.0
7+00N
incl. 70.0 80.0 1.13/10.0
incl. 96.0 112.0 1.23/16.0
incl. 142.0 146.0 1.16/4.0
95-71 6+00W, 188.1 357 -50 Taurus 12.0 140.0 0.75-128.0
2+80N
incl. 12.0 20.0 0.66/8.0
incl. 38.0 46.0 3.14/8.0
incl. 56.0 74.0 1.06/16.0
incl. 130.0 140.0 4.05/10.0
95-72 10+00W 198.4 357 -50 Taurus 8.0 172.0 0.28/164.0
3+00N
incl. 8.0 28.0 0.25/20.0
incl. 82.0 86.0 1.39/4.0
incl. 154.0 172.0 1.55/18.0
95-73 5+00W 192.3 357 -50 Taurus 92.0 98.0 0.34/6.0
1+00N
95-74 7+00W 190.8 357 -50 Taurus 18.0 120.0 0.31/102.0
2+00N
incl. 18.0 22.0 0.71/4.0
incl. 38.0 44.0 1.54/6.0
incl. 70.0 78.0 0.52/8.0
95-75 5+00W, 130.2 357 -50 Taurus 32.0 112.0 1.59/80.0
2+00N
incl. 32.0 38.0 6.20/6.0
incl. 72.0 92.0 3.78/20.0
incl. 102.0 112.0 0.83/10.0
95-76 5+00W, 160.9 357 -50 Taurus 56.0 136.0 0.47/80.0
3+00N
incl. 56.0 66.0 1.15/10.0
incl. 86.0 90.0 0.97/4.0
incl. 118.0 136.0 0.97/18.0
95-77 7+00W 177.1 357 -50 Taurus 110.0 118.0 1.94/8.0
1+00N
156.0 160.0 0.98/4.0
95-78 7+00W 128.3 357 -50 Taurus 12.0 72.0 0.59/60.0
3+00N
incl. 26.0 38.0 1.77/12.0
-0-
On behalf of The Board of Directors, Guilford H. Brett President EDITOR'S NOTE Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). and the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. have not reviewed and do not accept responsibility for the adequacy or accuracy of this news release. CONTACT: Cusac Gold Mines Ltd. Lance Abbott, (604) 682-2421 Web Site: http://www.cusac.com |
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