Breaking News
Cusac Gold Mines Ltd., Taurus II Drilling Begins
09:00 EDT Tuesday, September 05, 2006
FSC / Press Release
Cusac Gold Mines Ltd., Taurus II Drilling Begins
Vancouver, British Columbia CANADA, September 05, 2006 /FSC/ - Cusac Gold Mines Ltd. (CQC - TSX, CUSIF - OTCBB),
David H. Brett, President, Cusac Gold Mines Ltd. (the "Company"), reports that the Company has commenced an 8,000 meter diamond drilling program at its 100% owned Taurus II Project located on the Company's Table Mountain Property in Northern BC. The drilling is designed to test the recent soil survey and trenching anomalies for gold mineralization in both highgrade vein and surrounding lower grade carbonate alteration and quartz stringer zones.
Gold mineralization at Taurus II, and throughout the Cassiar Gold Camp is hosted in volcanic rocks. Gold grades have been found to be best when the host volcanic rocks have been "capped" by a layer of shale-like sedimentary rocks known as argillite, and other metamorphic rocks known as listwanite. These rocks acted as barriers that trapped rising gold bearing hydrothermal fluids allowing gold to be deposited in the underlying volcanics.
The Company's 2006 soil geochemical survey and trenching programs targeted a "capped" area that has had limited exploration for gold potential in the past. Results to date indicate the Company has been successful in identifying numerous quartz vein zones in altered volcanics around the edges of the argillite cap. These veins are trending into and under the cap and there is possibility of gold enrichment below it.
"Our programs this season have discovered numerous new zones on surface indicating potential for new gold mineralization," said VP Exploration Lesley Hunt. "Diamond drilling is the next step to test these zones for size and grade at depth. As an explorationist, this is by far the most exciting part of our work."
Garth D. Kirkham, BSc, PGeoph, PGeo, is a Cusac Director and Qualified Person for the technical portion of this News Release under National Instrument 43-101.
Cusac Gold Mines, Ltd. is a gold mining company in existence since 1966. Cusac has a dominant land position in the Cassiar Gold Camp of northern BC, where it has recently re-opened it's 100% owned and operated Table Mountain Gold Mine. Cusac's Cassiar area holdings also include 30% of the 1.04 million ounce, low-grade, bulk tonnage, resource at the Taurus deposit (see the Company's February 03, 2006 news release), and is exploring for more bulk-tonnage, disseminated gold mineralization nearby at its 100% owned Taurus II project. Please visit our website www.cusac.com for more details.
CUSAC GOLD MINES LTD.
PER:
David H. Brett
President & CEO
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
There are forward-looking statements contained herein that are not based on historical fact, including without limitation statements containing the words "believes", "may", "plans", will", "estimate", "continue", "anticipates", "intends", "expects" and similar uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, Cusac's exploration results, lack of revenues, additional capital requirements, risks associated with the exploration activity. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.
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