Founded in 1966, the company discovered, developed, placed into production, and generated profits from a gold mine. Its 100% owned gold mine, located in the Cassiar Gold Camp in north central British Columbia, has produced 400,000 ounces of gold. The mine ceased producing when gold prices dropped dramatically in 1997.
Cusac’s Table Mountain property has a fully operational 300 ton per day mill and mining complex that is debt-free and ready to process new ore reserves that are proven-up. Cusac requires significant additional financing to place the Table Mountain Gold Mine into commercial production. No assurance can be given that such financing will be obtained. Due to the inherent risks involved in the mining business, no assurance can be given that commercial production, if achieved, will be profitable.
The Company was incorporated on November 19, 1965 and was listed on the Toronto Stock Exchange on March 10, 1988.
Effective April 15, 2008, the Company has merged with Hawthorne Gold Corp., and was delisted from the Toronto Stock Exchange on April 18, 2008.
Cusac Gold Mines Limited, with headquarters located in Vancouver, is a publicly traded company engaged in the exploration and production of gold properties in British Columbia, Canada. The company owns the Cassiar Gold Property, which hosts three gold assets: The Taurus deposit, Table Mountain gold mine and the Taurus II project. Cusac was incorporated in 1965 and trades on the Toronto Stock Exchange under the symbol CQC.
The company’s Taurus project is an advanced large-scale gold deposit that hosts a 1.04 million ounce inferred gold resource. Cusac’s majority owned Table Mountain gold mine has a fully operational 300 ton per day mill and debt-free mining complex. The Taurus II project is designed to explore its 100% ownership claims to the south of the Taurus deposit, where the geology and previous exploration indicates the possibility of a large-tonnage, disseminated gold deposit.
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Suite 1600 V6C 1T2, VANCOUVER, BC, CANADA
+1 604 682 2421
+1 604 682 7576