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The Table Mountain Gold Property comprises a number of past-producing, high-grade underground gold mines and placer workings in the Cassiar District of British Columbia. Total gold production to date from the Cassiar District is about 423,500 oz (13,172 kg) of gold. The mine ceased producing when gold prices dropped dramatically in 1997. Gold production is now slated for the fourth quarter of 2006.
Table Mountain processing and support facilities consist of a 300 ton-per-day gravity floatation mill, power plant, service facilities, offices, core library, cookhouse, and bunkhouses. A permitted tailings pond, with an approximate capacity of 50,000 tonnes, is next to these facilities, which are centrally located in the camp adjacent to McDame Lake and Highway 37. Additional service facilities are located at the Cusac mine in the southern portion of the camp.
Personel and equipment are now mobilized to the mine and gold production is expected to start in the fourth quarter of 2006.
Gold Reserves:
The East Bain and Rory Veins total 44,000 tons of Probable Mineral Reserves grading 0.49 ounces per ton containing 21,360 ounces of gold. Please note that the Pre-Feasibility Study is based on cut grades only (meaning all drill core assays used in reserve calculations over 2 ounces per ton were cut back to 2 ounces) and does not include previously announced Rory and East Bain Inferred Mineral Resources of 3,369 tons grading 0.96 ounces per ton (cut).
Exploration
During its tenure at Table Mountain , Cusac has taken great care to preserve and compile the vast database of exploration and production information that has built up over the years. The majority of the historic data has been captured in software specially designed for the mining industry that allows advanced analysis and modeling of the geological structures on the property. Cusac's geological staff, headed by VP of Exploration Lesley Hunt, B.Sc, has through experience aided by technology, has developed an enhanced understanding of the geology of Table Mountain that will help the company be successful in its continuing exploration of this historic producer.
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