Tous Actualités
Suivre
Abonner ICS Copper Systems Ltd

ICS Copper Systems Ltd

ICS Acquires 49% of Luapula Minerals Ltd

Abbotsford, Canada (ots/PRNewswire)

ICS Copper Systems
Ltd. (ICX:TSX.V) is pleased to advise that it has acquired a 49%
equity position in Luapula Mineral Ltd, a Zambian registered company
which has legal title to 1,000 hectare Prospecting Permit (10 sq kms)
within the Luapula area.
President and CEO of ICS, Graham Chisholm comments: "This
acquisition flows from a MOU between ATJ Natural Resources Ag, of
Belize and ICS which was announced in our previous Press Release
09-02. This area is a green field project with encouraging surface
visualization of Malachite (Copper oxide ore) in the Luapula area
which has known copper deposits."
The Luapula Beds, which are Kundelungu in age, comprise
conglomerates, shales, sandstone interbedded with conglomerates and
conglomerates intercalated with sandstones. These constitute the
youngest rocks in the area and they unconformably overlie the Plateau
Series. Conspicuous economic copper mineralization in the Luapula
valley comprises predominantly malachite, chalcopyrite with minor
azurite. Primary minerals, in the form of bornite and chalcopyrite ,
also occur in the underlying volcanic rocks comprising pyroclastics
and rhyolitic lavas.
Kalulushi Site
Pursuant to Press Release 09-02 negotiations regarding an
Agreement re the renovation of the Kalulushi site are on going and
shareholders will be advised when these negotiations are finalized.
Stock Options Granted to Directors & Officers
Under the Company's 2006 Incentive Stock Option Plan, there are
2,971,387 options available to purchase common share of the Company.
The Company has previously issued 1,250,000 options to various
directors and officers of the Company. On May 21st, 2009 the Company
issued a further 1,150,000 options at an exercise price of $0.10 per
share. 175,000 stock options were issued to each of the following
directors and officers; Mr. Graham Chisholm, Mr. David Fynn, Mrs.
Jeannette Durand, Mr. Richard Molyneux, Mr. Robert Stewart and Mr.
Stephen Gregory and 100,000 stock options was issued to Mr. James
Mbambi. These options will expire on May 21st, 2014. The Company has
571,387 shares remaining for issuance under the plan.
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.
ICS COPPER SYSTEMS LTD.
    Signed "Graham Chisholm"
    Graham Chisholm, President & CEO
For further information: Graham Chisholm,  graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746

Contact:

For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746

Plus de actualités: ICS Copper Systems Ltd
Plus de actualités: ICS Copper Systems Ltd
  • 21.04.2009 – 22:37

    ICS Update on Zambian Operations

    Abbotsford, Canada (ots/PRNewswire) - ICS Copper Systems Ltd. (ICX:TSX.V) wishes to provide shareholders with the following update on recent activities: Under the current extremely difficult market conditions which have impacted severely on the exploration and mining sector, ICS management has applied an overall strategy of reducing expenditures to a minimum, creating cash flow through the sale of some assets as well as continuing to proactively seek for new ...

  • 07.01.2009 – 19:12

    ICS Abandons Mokambo Property

    Abbotsford, Canada (ots/PRNewswire) - ICS Copper Systems Ltd. (ICX:TSX.V) Following an evaluation of the NI 43- 101 Report prepared by Coffey Mining on the sulphide mineral resource, and a verbal report from Coffey Mining on the oxide drilling program, the Board is of the opinion that the grade and the tonnage of the sulphide resource and oxide deposit will not support a mining operation and that further drilling will not significantly increase tonnage and grade. Results ...

  • 25.11.2008 – 00:38

    ICS Nears Production of Third Party Ore

    Abbotsford, Canada, November 24 (ots/PRNewswire) - ICS Copper Systems Ltd. (ICX:TSX.V) is continuing to advance the Mokambo project EMEW plant toward production of third party ore. To this end the Company is negotiating with ZESCO, Zambia's largest power utility to install a 4.2 kilometre 11 kV three phase powerline to ICS's EMEW plant and compound. This will provide the necessary and cost effective power to operate ...