ICS Copper Systems Ltd

ICS Announces NI-43-101 Report on Excelsior Springs Gold Property

    Abbotsford, British Columbia (ots/PRNewswire) - ICS Copper Systems Ltd.  is pleased to announce the completion  of a NI 43-101 Technical Report on its recently acquired Excelsior Springs gold property in Esmeralda County, Nevada.

    The report concludes that based on the results of previous drilling  programs, the Excelsior Springs property should be considered an  advanced-stage exploration project having significant potential to host one  or more open-pittable gold deposits.

    In the past, a number of exploration companies have conducted drilling  programs on the property, and the results have begun to define an extensive  zone of gold mineralization. Drilling around the Buster and Upper shafts has  outlined the Buster mineralized zone approximately 1,000 feet-long and 200  feet-wide.

    The report also advises: "There is an Historic, non 43-101 compliant,  resource estimate in the Buster zone of 2 million tons at a grade of 0.05 to 0.09 oz Au/ton (100,000 ounces to 180,000 ounces). Drill holes several  thousand feet away from the Buster zone have intersected zones of anomalous  gold along the east-west extensions of the alteration zone. This mineral  inventory for the property was calculated prior to NI 43-101 reporting  standards and does not meet the criteria for NI 43-101 categories. It is  presented here as an item of historical interest and should not be construed  as being representative of an actual Mineral Resource existing on the property." A qualified person has not done sufficient work to classify the  historical estimate as current mineral resources; the issuer is not treating  the historical estimate as current mineral resources as defined in  sections 1.2 and 1.3 of NI-43-101; and the historical estimate should not  be relied upon.

    Some of the drill hole data in appendix C of the report is as follows:

@@start.t1@@      ------------------------------------------------------
      DH No.         From/ft      To/ft          Thick         gm Au/t
      ------------------------------------------------------
      TA-11          0'              50                50'            1.52
      ------------------------------------------------------
      88-06          0'              90                90'            2.49
      ------------------------------------------------------
      EX-2            230'          340              110'          2.74
      ------------------------------------------------------
      EX-30          235'          395              160'          1.24
      ------------------------------------------------------
      Appendix E of the report provides details of surface samples from the
      past and from Sept 2010 with some higher grades as follows:
      ------------------------------------------------------
      Sample        UTME            UTMN            ppbAu         g/tAu
      ------------------------------------------------------
      1                446409         4147183        13750         13.7
      ------------------------------------------------------
      2                446430         4147163        17650         17.7
      ------------------------------------------------------
      5                446248         4147171        18700         18.7
      ------------------------------------------------------
      6                446276         4147187        20200         20.2
      ------------------------------------------------------
      115            445816         4147151        14300         14.3
      ------------------------------------------------------
      91508         446673         4147068        20664         20.7
      ------------------------------------------------------@@end@@

    The property lies within the Walker Lane, a zone of regional-scale,  northwest-trending, strike-slip faulting. The Walker Lane hosts a significant  number of precious metal deposits including the Comstock Lode at Virginia  City, Borealis, Aurora, Mineral Ridge, Paradise Peak, Rawhide, Tonopah,  Goldfield and the Bullfrog District.

    The Borealis mine is located ten miles west of Hawthorne, Nevada, and  during production from 1981 until 1990 produced over 600,000 ounces of gold  and has a current resource of 1.3 million ounces of gold. The structural  trends and structural control of the mineralization of the Borealis deposit make it a suitable model for the Excelsior Springs property, and successfu l exploration techniques utilized at Borealis can be applied at Excelsior  Springs.

    Recommendations: The report recommends a two-phased exploration program  for the property. Phase One will comprise mapping, sampling, a CSMT and  IP geophysical survey and a 15-hole drilling program to better define the  Buster zone and to test for extensions of the zone. If Phase One is  successful in confirming the continuity of the Buster zone mineralization  or discovering mineralization in the extensions of the zone, a Phase Two  program will be initiated. Phase Two will comprise additional CSMT and IP  surveys and a 30-hole drilling program. If Phase Two is successful, a new  43-101 report will be prepared with a mineral resource for the property  and a recommendation for a multi-rig drilling program to expand the mineralized zones into a measured and indicated resource. The goal will be  to define a deposit amenable to open-pit mining methods and a heap-leach  recovery system.

    The Phase One drilling budget is estimated to be USD 353,460 while Phase  Two is estimated to be USD 643,714.

    President and CEO Graham Chisholm comments: "We intend to complete a  geologic map of the property and do extensive sampling of the altered zones  and old workings this year. Compilation and evaluation of the surface and  assay data will allow us to select fifteen drill sites to test the Buster  zone and its extensions."

    Ken Brook, B.Sc, M.Sc, RPG., a qualified person (QP) as defined by  National Instrument 43-101, supervised the preparation of the technical  information in this news release.

    ICS COPPER SYSTEMS LTD.  

    "Graham Chisholm"  

    Graham Chisholm, President & CEO  

    This release includes certain statements that are "forward-looking  statements". All statements in this release, other than statements of  historical facts that address future exploration, development and production activities, and other circumstances, events and developments  that the Company expects, are forward-looking statements. Although  management believes the expectations expressed in such forward-looking  statements are based on reasonable assumptions, such statements are not  guarantees of future performance, and actual results, events and  developments may differ materially from those in the forward-looking  statements. The occurrence of certain risk factors, the probability of  which is unknown, may also affect actual results, events and  developments expected by the Company.

    Neither the TSX Venture Exchange nor its Regulation Services Provider  (as that term is defined in the policies of the TSX Venture Exchange)  accepts responsibility for the adequacy or accuracy of this release.

    For further information: Graham Chisholm, graham@icscopper.com, Office: +1-604-859-3007, Cell: +1-604-302-0746; Jeannette Durand, jeannette(at)icscopper.com; Web Page: http://www.icscopper.com

ots Originaltext: ICS Copper Systems Ltd
Im Internet recherchierbar: http://www.presseportal.ch

Contact:
CONTACT:  For further information: Graham Chisholm,
graham@icscopper.com, Office: +1-604-859-3007, Cell: +1-604-302-0746;
Jeannette Durand, jeannette(at)icscopper.com; Web Page:
http://www.icscopper.com



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