Ongoing surface diamond drilling at Cusac Gold’s (CQC-V) wholly-owned Table Mountain gold property in north-central British Columbia, has yielded high-grade gold over wider intervals than those previously mined there. Cusac has been anxious to begin operations at the former mine and the new vein is likely to get the ball rolling in that direction.
The new mineralized Rory vein, was unexpectedly discovered in June this year, in the first hole that tested another target. The vein was named in honour of the late Rory Almasi, an investment advisor who helped to raise exploration funds for the current program.The vein has been traced within a gold-bearing structure over a 130 metre strike length which is open in both directions, and a maximum defined dip extent of 45 metres. The structure strikes north-northeast and dips 75 degrees to the west. The vein averages 3 metres in true width, and visible gold has been noted in eight of the drillholes that have intersected it.
The best results to date from the Rory vein came from hole 04MM-22, which intersected a true width of 8.12 metres grading 13 grams gold per tonne at a downhole depth of 131 metres (including 3.48 metres of 29.36 grams gold). This hole intersected additional veining and vein breccias, which yielded a 1.55 metre interval grading over 100 grams gold at a downhole depth of 149.4 metres.
The Table Mountain property is in the Cassiar gold camp about 115 km south of Watson Lake in the Yukon. The property contains numerous occurrences of gold-bearing quartz veins, many of which have been mined underground and less so from surface. The veins are hosted by the Devonian to Triassic assemblage of regionally metamorphosed metavolcanics, metasediments and ultramafics of Lower Cretaceous age. In the mine area the assemblage comprises greenstones, argillite, serpentinite, listwanite and quartz veins.
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