5/28/02 - Cusac Gold Mines To Drill Mine Property
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CUSAC GOLD MINES LTD ("CQC-T;CUSIF-L")
Guilford H. Brett, Director, President & CEO
... reports that the increase in the price of gold recently
has prompted the Company to undertake a new drill program
at Table Mountain... for new high-grade veins...
The 100% Cusac owned and fully permitted Table Mountain
... has produced over 400,000 oz of gold to date.
... average grade... .45/oz of Au per ton
... capable of... .86/oz of Au per ton
... potential exists for a deep-seated gold deposit
... doctoral thesis defends the model... A 4,000 to 5,000 foot
drill hole is required to test the theory and joint venture
participation is being sought to fund this part of the program.
... Tulameen Joint Venture,
Bright Star Ventures Ltd. 50%
/Cusac 50%
The Tulameen Ultramafic Complex and overlying
Nicola Group volcanic rocks... hosts to gold, platinum, copper,
nickel, chromium, iron and diamond deposits.
... have produced over 20,000 ounces of placer platinum nuggets
as by-products of placer gold...
Bright Star Ventures Ltd. has completed the first phase
of work on the property, with positive results...
Bright Star plans an extensive program in the area
to commence in late May, 2002...
A systematic channel sampling program of known occurrences
of copper-nickel platinum is planned.
A number of strong geochemical platinum-gold anomalies
have also been identified from last years work.
These areas will be trenched or diamond drilled this season.
Bright Star is well funded to carry out the planned program.
cusac.com
Cusac Gold Mines Ltd.
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