After negotiating for over a year, Cusac Industries (TSE) appears confident it will soon be able to conclude a deal to buy the Table Mountain gold project from Total Erickson Resources.
Cusac owns a 30% net profits interest in the northwestern British Columbia gold project which generated more than $5 million to Cusac to date. Current proven and probable reserves are estimated to be 125,000 oz. gold. Cusac hopes to buy Total Erickson’s interest in the former producer and continue work aimed at resuming production. The company recently retained First Croat to assist in selling forward some of its anticipated gold production.
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