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Press Release 08-17
ICS NEARS PRODUCTION OF THIRD PARTY ORE
November 24th, 2008-Abbotsford, British
Columbia, Canada ? 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 its EMEW plant using third
party ore. If ZESCO can install the powerline in a
timely manner and the EMEW plant is completed at the same time, copper
production could start in early 2009. The Company remains confident
that it will be able to produce copper profitably and lessen the effects of
the current world financial crisis.
ICS feels that by cost effectively advancing the EMEW plant and
addressing its power requirements, it will be well positioned to take
advantage of future increases in copper prices.
The Company also wishes to announce that the 2008 annual financial
statements and the MD & A documents are available on SEDAR. Additionally,
the Company also wishes to announce that the NI 43-101 mineral resource
technical report for the sulphide mineralization on the Mokambo
property will be available on SEDAR shortly. Furthermore, Coffey Mining will
release a separate report on the oxide zone mineral resource shortly.
Resignation
of Director
Fred
Sveinson has resigned as a director of the company
stating that he needs to focus more fully on his role as C.E.O of Merit
Mining Company (MEM-TSX.V). The Company wishes to extend its
appreciation to Fred for his contributions to the Board since inception.
ICS COPPER SYSTEMS LTD.
Signed ?Graham Chisholm?
Graham Chisholm, President & CEO
For further information please contact:
Graham Chisholm graham@icscopper.com Office: (604) 859-3007;
Cell: (604) 302-0746
Web Page: www.icscopper.com
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.
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