TABLE MOUNTAIN, B.C. CUSAC GOLD MINES has reported that the initial engineering study looks positive for reopening the Table Mountain gold mine. Mining would begin on the East Bain vein where 24,000 tons of 1-oz/ton Au have been outlined. Projected cash costs are US$180/oz.
Table Mountain has complete infrastructure, including a 300-ton/day mill. Production was suspended in 1997 due to low gold prices. A geological report prepared in 1999 outlined a 500,000-oz “potential”, a “proven reserve” of 28,000 oz in tailings, and a “1.6-million-oz open pit” just north of the main mine.
A reopening decision depends on more than one positive report. If readers want to follow Cusac’s next announcements, they can go to www.cusac.com and click on News.