Tous Actualités
Suivre
Abonner ICS Copper Systems Ltd

ICS Copper Systems Ltd

Mokambo Project Sulphide Drill Confirmation Program - 70% Complete

Abbotsford, Canada (ots/PRNewswire)

ICS Copper Systems
Ltd. (ICX:TSX.V) is pleased to announce that 70% of  the confirmation
drilling of the historical Mokambo sulphide copper deposit  has been
completed towards its objective of preparing a NI 43-101 Resource
Report.
Sulphide Confirmation Drill Program
The Company is in the process of drilling five diamond drill
holes  that twin historical diamond drill holes. Two of the five
holes have been  completed. Assay results from the initial hole
M-08-S-01 have confirmed the  mineralization assayed from Drill Hole
3 (DH3), which was completed in 1930 . The results are as follows:
     <<
     Hole No.                From        To       True Width    Total Copper
                             (m)         (m)      Interval (m)      (%)
     M-08-S-01              69.10       84.43       11.74          0.822
               including    74.10       74.75        0.50          1.760
               including    75.75       76.95        0.92          1.220
               including    78.65       80.50        1.04          1.484
               including    81.99       82.91        0.70          1.300
                            85.65       92.90        5.55          0.353
     >>
Although the assays are lower in the new hole than the historic
hole,  the mineralization is spread over a larger interval of the
hole. The drill  is currently on the third twinned hole which should
be finished within a  week, leaving 2 holes remaining to be drilled.
Re-sampling and Re-assaying of Historic Sulphide Drill Holes
Program
Four of the historical sulphide diamond drill holes that are
presently  being drilled as twin holes, have been re-sampled at
Kalulushi, using the  same historical sampling intervals for
comparison purposes. DH3 was not  stored at the Chamber of Mines
facility.
Samples were sent to Alfred Knight Laboratories in Kitwe for
analysis  of total copper and acid soluble copper for comparison with
the original  assay results. The Company has received those assays
and is pleased to  report that they have successfully corroborated
not only the exact  historical assay results themselves but the
anomalous intervals as well.  The results are as follows:
     <<
     Hole No.                From        To       True Width   Total Copper
                             (m)         (m)      Interval (m)      (%)
     KN-20                  166.6      177.2         8.12          0.98
               including    173.1      174.2         0.84          3.57
                            203.6      228.3        18.92          1.82
               including    204.8      210.9         4.67          2.84
               including    214.9      223.4         6.51          2.67
                            241.3      243.2         1.38          1.69
     KN-21                  255.7      317.3        47.19          0.93
               including    256.3      256.4         0.08         44.90
               including    257.9      272.2        10.95          0.98
               including    289.9      302.4         9.58          2.05
               including    313.3      314.6         1.00          1.76
     KN-22                  323.1      379.2        42.97          0.84
               including    328.3      336.2         6.05          1.99
               including    346.3      354.0         5.90          1.53
               including    373.1      374.6         1.15          1.20
     KN-33                  325.7      391.7        52.09          0.45
               including    325.7      327.1         1.07          1.86
               including    346.7      347.7         0.77          1.24
     The following table illustrates the close correlation between the
     re-sampled assays and the historical assays for each hole.
     Hole No.     Average     Maximum     Minimum     Standard      Median(%)
                    (%)      Value (%)   Value (%)   Deviation
     KN-20          0.12        0.94       -0.35       0.2913         0.05
     KN-21          0.09        3.80       -0.52       0.7508        -0.01
     KN-22         -0.02        0.25       -0.69       0.2004         0.00
     KN-33         -0.09        0.09       -0.99       0.2058        -0.05
     >>
The assay statistics for these holes illustrate that the
original  assays were done professionally and accurately. It also
reflects that the  subsequent historical estimate grade is an
accurate reflection of the  mineral potential of the Mokambo
property.
The Company advises that an independent, qualified person is not
presently classifying the historical sulphide copper estimates as
current  mineral resources and ICS is not treating the historical
estimates as  current mineral resources, and that the historical
estimates should not be  relied upon (NI 43-101, Sec 1, 4.2 (2b)).
However, the Company will shortly generate an updated 43-101
technical  report which will verify historical data and move the
historic sulphide  estimate into current NI 43-101 compliant mineral
resource categories and  will announce new current NI 43-101
compliant mineral resource categories  of the oxide copper and
cobalt, based on the work that has been undertaken  by the Company,
thus far.
Oxide Drill Program
The Company's shallow (120 meter) drill program, testing the
near  surface, oxidized copper mineralization of the Mokambo property
has 9 more  holes to be completed but is on hold until the deeper
sulphide twinning  drill program is completed. Meanwhile, the assays
from the oxide drilling  are continuing to be received. Transition
zone material is being shipped to  Johannesburg for metallurgical
testing which will include bottle roll tests  and small diameter
column test. If the results indicate good recovery of the transition
zone mineralization, this material could be added to the oxide
mineralization to increase the near surface mineral potential of the
Mokambo property.
President and CEO of ICS Graham Chisholm comments: "These assay
results are exactly what we have been waiting for and successfully
corroborate the historical assay results mentioned".
David Makepeace, P.Eng. M.Eng, a director of the Company and its
acting Chief Operating Officer, a qualified person as defined by
National  Instrument 43-101, supervised the preparation of the
technical information  in this news release.
Stock Options Granted to Richard Molyneux, Director
Under the Company's 2006 Incentive Stock Option Plan, there are
2,696,387 Options available to purchase Common Share of the Company.
The  Company has previously issued 2,050,000 Options to Directors and
Officers.  On April 11, 2008, the Company issued 200,000 options to
Richard Molyneux  at an exercise price of CAD$ 0.59 per share. These
options will expire on  April 11, 2013. The Company has 446,387
shares remaining for issuance under  the plan.
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: Graham Chisholm,  graham@icscopper.com,
Office:  +1-(604)-859-3007, Cell: +1-(604)-302-0746; For Investor
Relations: Brett  Whitelaw,  brett_whitelaw@telus.net, Tel:
+1-(604)-662-8633, Web Page:  http://www.icscopper.com/

Contact:

For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-(604)-859-3007, Cell: +1-(604)-302-0746; For Investor
Relations: Brett Whitelaw, brett_whitelaw@telus.net, Tel:
+1-(604)-662-8633, Web Page: http://www.icscopper.com/

Plus de actualités: ICS Copper Systems Ltd
Plus de actualités: ICS Copper Systems Ltd
  • 16.04.2008 – 20:00

    Richard Molyneux, Ex President and CEO of De Beers Canada, Joins ICS Board of Directors

    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 ...

  • 04.04.2008 – 14:05

    ICS Clarifies its Press Release 08-02

    Vancouver, Canada (ots/PRNewswire) - ICS Copper Systems Limited (TSXV: ICX) announces that, as a result of a review by the British Columbia Securities Commission, it is issuing the following news release to clarify its disclosure. Sebembere Property The Company announced, in a news release dated January 30, 2008, that it had entered into an agreement giving the Company the exclusive right to conduct due ...

  • 02.04.2008 – 19:18

    ICS Copper Systems Ltd. - Joint Venture With TransAfrican Minerals Limited

    Abbortsford, Canada (ots/PRNewswire) - ICS Copper Systems Ltd (The Company or ICS) (ICX:TSX.V) is pleased to announce that it has signed a binding Letter of Intent (LOI) with TransAfrican Minerals Limited (TransAfrican) in connection with 6 licences in the Democratic Republic of Congo (DRC), whereby TransAfrican has the option of earning up to a 70% interest in the ...