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
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
The 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)
ots Originaltext: ICS Copper Systems Ltd
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