| | Published : April 30th, 2007 | Secures Key Production Personnel and Equipment, Taurus II Exploration Program Underway |
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| | For Immediate Release / TSX: CQC OTCBB: CUSIFApril 30, 2007 Cusac to Drill Oro Vein Discovery at Taurus II ProjectVancouver, BC, April 30, 2007. David H. Brett, President, Cusac Gold Mines Ltd. (TSX: CQC, OTCBB: CUSIF, the "Company"), reports that the Company will shortly commence a 6 hole, 900 meter Diamond drilling program on the Oro Vein, a large mineralized quartz vein structure discovered in 2006 within the Taurus II project area.
With major work on the 1.04 million ounce Taurus Project looming, we felt that now was an excellent window of opportunity to do some follow-up drilling on the highly prospective Oro Vein System, said Cusac CEO David Brett.. The Oro Vein is a large and strong quartz structure that could have a major impact on our gold resource picture.
The Oro Vein averages 3.9 meters in width and swells up to 10 meters in places over its currently identified strike length of 225 meters. The quartz contains the type of sulfides which are a good indicator of gold potential in the district. Taurus II drilling last season obtained a 3.05 metre intercept of 3.6 grams per tonne gold in the main Oro Vein and 7.3 grams per tonne gold over 2.25 meters in a parallel structure, the Oro South.
The new holes will step out to the west where grades appear to be improving. The Oro Vein is one of the largest mineralized structures discovered to date on the Table Mountain property. It is located directly in line with other large scale quartz zones such as the Reo Vein System and the newly discovered Blue Zone, which returned 28.35 meters of 1.04 grams per tonne gold, as previously reported in 2006.
The Oro Vein is a strong target with potential to host both high-grade vein ore and bulk tonnage disseminated gold ore, said Cusac VP of Exploration Lesley Hunt. It is located within a dominant structural trend hosting by far the largest quartz structures on the property.
George Sanders, M.Sc, P.Geo is a Qualified Person as defined by National Instrument 43-101 and has reviewed the technical content of this News Release.
On behalf of the Board of Directors:
"DAVID H. BRETT" ___________________________________ CEO & Director, Cusac Gold Mines Ltd. |
For Further Information Please Call: 1-800-670-6570 (Canada) or 1-800-665-5101 (USA) 604-682-2421 (Local) Email: info@cusac.com Web: http://www.cusac.com Stock Quotation: CUSIF : OTCBB
CQC : Toronto Stock Exchange
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
About Cusac Gold Mines Ltd.:
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, and is producing gold from high-grade quartz veins on Table Mountain. Cusac controls 100% of the low-grade, bulk tonnage, million-ounce resource at the Taurus deposit, 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.
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, Cusacs 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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Cusac Gold Mines Ltd. Suite 1600, 409 Granville Street Vancouver, B.C. V6C 1T2 Canada
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Cusac Gold Mines is a gold producing company based in Canada. Cusac Gold Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 7.6 millions as of today (US$ 7.5 millions, € 4.8 millions). Its stock quote reached its highest recent level on January 10, 2003 at CA$ 0.78, and its lowest recent point on December 28, 2007 at CA$ 0.07. Cusac Gold Mines has 84 162 191 shares outstanding. |
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