Cusac confirms mineralized vein

At the Table Mountain gold property in northern British Columbia, preliminary work has begun on the western extension of a new structure identified as the Big Vein.

The work coincides with advancement of the decline towards the Michelle High Grade zone, reports owner Cusac Industries (TSE).

Lying roughly parallel to the decline, three crosscuts, driven 50 ft. apart, intersected the vein. Chip sampling across the mineralized width from two of the workings returned the following values: 7.2 ft. of 21.6 oz. gold per ton; 3.3 ft of 0.7 oz.; 3.3 ft. of 0.26 oz.; 2.3 ft. of 15.14 oz.; 6.5 ft. of 0.86 oz.; 2 ft. of 3.07 oz.; and 3.3 ft of 14.74 oz.

The average width of the mineralized zone is 3.8 ft, and previous drilling by former owner Energold (combined with the new underground work) indicates a strike length of 393 ft. Assays are pending for the third crosscut. The company believes the Big Vein is possibly an extension of the Eileen vein, from which, historically, 55,000 oz. gold were extracted from 77,000 tons of ore.

Additional crosscuts and a raise are planned in order to test the structure, and underground drilling will determine the downdip extension. The decline to the Michelle zone will be driven 650 ft. and is expected to be completed in January. The Michelle High Grade vein, within the zone, hosts an estimated 24,000 tons averaging 0.82 oz.

Milling at Table Mountain is expected to resume in March, 1995, at which point ore from the West Bain vein will begin to be processed. The vein contains an estimated 12,500 tons grading 0.26 oz.

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