ICS Copper Systems Ltd Acquires 77% Interest in Three Properties in the Democratic Republic of Congo "DRC"
Abbotsford, British Columbia (ots/PRNewswire)
ICS COPPER SYSTEMS LTD. (ICX:TSX.V) is pleased to announce that it has entered into two agreements with A & Cladava to develop a total of three exploration mining properties in the DRC.
The first agreement, dated 20th May 2007, is a joint venture agreement between ICS and A & Cladava, whereby, for a consideration of USD 23,200.00, ICS has acquired a 77% interest in a property to be called "ICS Tenke". This 24 square kilometre property is located immediately east of the world class Tenke Fungurume property in the Kolwezi region, Katanga Province, of DRC. No previous geological work is known to have been undertaken on the property.
The second agreement, dated the 21st May 2007, is a joint venture agreement between ICS and A & Cladava, whereby ICS, for a consideration of USD 42,000.00, has acquired a 77% interest in two properties, the first of Which is historically known as "CHANGULUBE", a 36 square kilometre property in the area of Sakania, in the District of Haut-Katanga in the Province of Katanga. The second property, historically known as "KASAMWA", is also a 36 Square kilometre property also in the area of Sakania, in the District of Haut-Katanga in the Province of Katanga. Minimal geological work was undertaken in colonial times (approx 1920's) with 33 wells being dug and several trenches dug with reports of gold being present but the historical record is incomplete.
ICS Management views these properties as early stage exploration projects and will undertake preliminary exploration programs to explore for the presence of gold and copper and cobalt.
The company's main focus of attention remains the drill programme at the Mokambo Mine in Zambia.
About ICS Copper Systems Ltd.
The Company aspires to developing into being a major African mining company centered on the copper belt of Democratic Republic of Congo (DRC) and Zambia. It holds an option agreement to acquire up to 80% of the Mokambo Copper mine in Zambia, an option agreement to acquire 76% of the Musoshi Tailings in DRC and an option agreement to acquire 73.5% of a group of four mining concessions in DRC covering 5,366 square kilometres.
ON BEHALF OF THE BOARD OF DIRECTORS
(Signed)
Graham A. Chisholm
President and CEO
No. 202 - 2526 Yale Court Rd., Abbotford, British Columbia
Canada, V2S 8G9
Telephone: +1-604-859-3007, Fax: +1-604-859-3008
Email: graham@icscopper.comThe TSX venture exchange does not accept responsibility for the accuracy or adequacy of this release.
For further information: about the Company can be found on the website (http://www.icscopper.com) and SEDAR (www.sedar.com)
Contact:
Contact: Jeannette Durand at jeannette@icscopper.com; or V.P. of
Public Relations, Mr. Brett Whitelaw, at +1-604-662-8633,
brett_whitelaw@telus.net