Cusac Gold Mines Ltd.
TSX : CQC
OTC Bulletin Board : CUSIF

Cusac Gold Mines Ltd.

November 22, 2006 09:00 ET

Cusac Gold Mines Ltd.: Oro System Yields 2.25 Meters of 7.32 Grams Gold '0.214 opt'

Deep Drilling Underway on Table Mountain

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 22, 2006) - David H. Brett, President, Cusac Gold Mines Ltd. (TSX:CQC)(OTCBB:CUSIF) (the "Company"), reports that Phase I assay results from the Company's 21 hole Taurus II exploration program include 2.25 meters (all lengths reported are core lengths) grading 7.32 grams gold per tonne (0.227 ounces per ton) on the Oro South Structure, 3.05 meters grading 3.61 grams gold per tonne (0.112 ounces per ton) on the Oro Vein, and 28.35 meters grading 1.04 grams per tonne gold (0.034 ounces per ton) on the Blue Zone. The Company also reports that deep drilling now is underway to test the down-dip potential of previously productive veins on Table Mountain.

As previously reported, a new mineralized quartz vein, the "Oro Vein" has been discovered in the north-east portion of the 2006 Taurus II Project area. To date, an east-west strike length of 225 meters has been delineated on the steeply south dipping vein. The Oro South structure, approximately 15m south of and approximately parallel to the Oro Vein, has been intersected over a strike length of 150m. Significant grades have been intersected in holes 06TII-7 through 06TII-11 over a 100m strike length and the system is open to the west.

The Blue Zone, characterized by quartz stringer zones in intensely altered pyritic volcanics, located approximately 1.3 km to the west of the Oro Vein System, has also yielded interesting results. The Blue Zone is on strike of the Oro Vein System and may be related to it. Significant composite assays from both the Blue Zone and the Oro Vein System are tabulated below.



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Hole ID From (m) To (m) g/T oz/t m Core Structure
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06TII-07 125.40 137.30 0.96 0.03 11.90 ORO
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incl 130.90 137.30 1.43 0.04 6.40 ORO
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06TII-10 145.15 156.30 0.68 0.02 11.15 ORO
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06TII-11 160.10 169.15 1.67 0.05 9.05 ORO
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incl 166.10 169.15 3.61 0.11 3.05 ORO
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06TII-07 111.95 114.00 5.07 0.15 2.05 ORO S
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incl 111.95 113.40 6.96 0.20 1.45 ORO S
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06TII-09 107.50 111.75 4.11 0.12 4.25 ORO S
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incl 107.50 109.75 7.32 0.21 2.25 ORO S
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06TII-16 63.70 92.05 1.04 0.03 28.35 Blue
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incl 81.14 88.60 1.86 0.05 7.46 Blue
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"The Oro Vein System is one of the largest mineralized structures known on the Table Mountain Property, and the assays to date indicate that this is a gold bearing system," said VP of Exploration Lesley Hunt. "We have really just begun to explore this structure as it remains open at depth and along strike, both to the east and west. The mineralogy of the Oro Vein System is very typical of other past producing, high-grade veins in the Cassiar Gold Camp."

"Our 2006 Taurus II exploration program set out to find new discoveries on the Table Mountain property, and I'm pleased that our team has come up with two promising new finds," said Cusac CEO David H. Brett. "The Oro assay results confirm that we have discovered a potentially significant new high-grade gold bearing structure and the Blue Zone assays confirm the presence of yet another low grade system."

Gold Production Update

Development of the Rory Vein is ongoing with a sub-drift currently being driven on the vein. Development ore from this work is being stockpiled for processing expected to start the first week of December.

Garth D. Kirkham, BSc, PGeoph, PGeo, is a Cusac Director and Qualified Person for the technical portion of this News Release under National Instrument 43-101. All assays reported in this news release were prepared by Eco Tech Laboratory Limited of Kamloops, BC.

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 re-starting gold production from high-grade quartz veins on Table Mountain. Cusac also owns over 30% 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.

CUSAC GOLD MINES LTD.

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)
    Email: info@cusac.com
    Website: www.cusac.com