Abbotsford, Canada (ots/PRNewswire) - ICS Copper Systems
Ltd (The company or ICS), (ICX:TSX.V) is pleased to announce that Mr.
Richard Molyneux, BSc(Hons) Geo, PrNatSc(RSA), joined the Board of
Directors of ICS Copper Systems Ltd effective April 11 2008. Mr.
Molyneux's valuable experience in various types of heavy mineral and
geochemical sampling, photo-geological interpretation, exploratory
drilling, geophysical surveys, various sample treatment
methodologies, as well as supervisory experience running exploration
projects in an African environment will be of great assistance to
ICS. As ICS progresses towards development of its sulphide deposits,
Mr. Molyneux's knowledge of underground mine design and non-explosive
rock breaking will be most welcome.
Mr. Molyneux is currently consulting in the diamond industry and
serving on various boards of Directors.
Highlights of Mr. Molyneux's career include the following:
- Secured a scholarship from Anglo American Corporation to study
at the University of Cape Town where he attained a BSc (Hons) degree
- Joined De Beers Consolidated Mines in 1971. He subsequently
worked in the Anglo American head office from 1973 to 1974 and
conducted exploration in the field in Swaziland and the Northern
Transvaal where he carried out the field work leading to the
discovery of the Venetia Diamond Mine.
- Appointed Resident Geologist at Premier Diamond Mine in 1976
and worked there until 1983 where he was actively involved in the
planning and execution of a new mining operation below the major
gabbro sill intersecting the Premier pipe.
- Appointed Chief Geologist of Namaqualand Mines being
responsible for the exploration and ore reserve management activities
in marine and alluvial deposits over several hundred kilometres of
- Appointed General Manager in March 1995 of Namaqualand Mines.
This position included overall responsibility for the mining carried
out in four plant complexes treating over 6.0 million tons of ore
annually, with a work force of approximately 2,000. As the mining
operations were in a remote area, De Beers maintained two towns
providing educational, medical, shopping, transport and recreational
facilities all of which were covered by the duties of Richard as
- Transferred to Kimberley in October 1997 as General Manager of
Central Mines with overall responsibility for the Finsch,
Koffiefontein and Kimberley operations. These were all underground
operations with five operating shafts employing over 2000 people and
utilizing a wide variety of mining methods. Kimberley is the
historical Head Office of De Beers Consolidated Mines Ltd and the
General Manager position required interaction with political, labour
and community leaders.
- Appointed as President and CEO of De Beers Canada Corporation
in January 2000. In this position his main mandate was to create a
fully integrated company to support future production operations, and
to take the company's advanced exploration projects through the
required engineering studies and regulatory processes, with the
objective of establishing a significant new diamond production base
for De Beers in Canada. During the six years he was in this position
approval was obtained for the construction of the Snap Lake and
Victor Mines, both of which were under construction when he retired
in May 2006.
President and CEO of ICS Graham Chisholm comments: "We are indeed
honoured to have men of this calibre join our company."
ICS COPPER SYSTEMS LTD.
Signed "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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For Investor Relations:
Web Page: http://www.icscopper.com
ots Originaltext: ICS Copper Systems Ltd
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Office: +1-604-859-3007, Cell: +1-604-302-0746; For Investor
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