Milling has resumed at the Table Mountain gold mine in northern British Columbia.
Owner Cusac Industries (TSE) shut down the 300-ton-per-day mill last fall so that it could focus on outlining additional reserves.
Ore is now being processed from the Big vein area while the West Bain vein is being developed for production. The West Bain contains about 12,500 tons averaging close to 0.3 oz. gold per ton. Further underground drilling is planned for both systems.
The decline to the Michelle High Grade zone has so far progressed 260 ft. from the target area, where a reserve of 24,000 tons averaging 0.82 oz. is outlined. To accelerate the advancement, Cusac is contemplating adding a second mining shift.
Meanwhile, in a claim group within the northern portion of the Table Mountain property, a subsidiary of Cyprus Amax Minerals (NYSE) has completed two preliminary drill holes. Cyprus can earn an initial half interest in these claims, situated in the Quartz Creek area, by spending $2 million on exploration over three years. An additional 20% can be earned by funding the claims to production. Cusac retains a 100% interest in its underground mine operation in the southern portion of the property.
The northern portion surrounds ground held by International Taurus Resources (VSE), where a low-grade, gold-bearing pyritic horizon is identified.
Cusac reports that abundant pyrite, strong alteration and quartz veining exist throughout hole T95-4 to a depth of 602 ft. The hole was drilled west and on strike of Taurus’s 88-1 zone. A second hole, T95-5, which was drilled 500 ft. south of the first hole, encountered similar mineralization to a depth of 500 ft. Assay results are pending.
Cyprus is meanwhile establishing a grid and conducting an expanded induced-polarization survey.
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