Cusac Gold Mines Ltd.
OTC Bulletin Board : CUSIF

Cusac Gold Mines Ltd.

September 05, 2007 09:01 ET

Cusac Discovers New Vein Zone on Way to East Bain Vein

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2007) - David H. Brett, President, of Cusac Gold Mines Ltd. (TSX:CQC)(OTCBB:CUSIF)(FRANKFURT:DCB) ("Cusac" or the "Company"), reports that the East Bain decline, a 15% grade, 3 meter by 4.5 meter development decline scheduled to intersect the East Bain vein in 30 days, has encountered an unexpected zone of alteration and quartz veining. Visible gold has been identified in the new structure and assays are pending. The quartz vein zone is trending sub-parallel to the decline and Cusac geologists are carefully mapping the zone to determine its potential. A drill station will be developed in the decline to test the new zone.

"It's too early to tell if this new zone will develop minable tonnage, but it is nevertheless a very exciting development," said Cusac CEO, David Brett. "The nearby West Bain produced 60,000 tons grading 0.40 ounces per tonne, so we would not be surprised if this new zone continues to show good potential."

Cusac is developing the East Bain vein and expects gold production to resume from this structure in October 2007. So far, a probable reserve of 28,000 tons of ore grading 0.5 ounces per tonne gold has been outlined on the East Bain Structure.

"The previously mined 'West Bain' quartz vein contained some of the highest grades of gold known on the property. We are now headed towards mining the 'East Bain' vein, and to see a structure with this much potential in-between the two is exciting for us," said Lesley Hunt, Cusac Vice President Exploration.

George Sanders, M.Sc., P. Geo, is the Qualified Person under National Instrument 43-101 for the technical portion of this News Release.

Cusac Gold Mines Ltd., in existence since 1966, is a gold production and exploration company focused on the Cassiar Gold Property in northern British Columbia. Please visit our website for more information.


David H. Brett, President & CEO

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.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cusac Gold Mines Ltd.
    Investor Relations
    Toll Free: 1-800-670-6570 (Canada) or 1-800-665-5101 (USA)