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ICS Copper Systems Ltd

Publié le 23 juillet 2008

DRILLS 40.9 METERS OF 1.10% CU & 16.0 METERS OF 1.56% CU AT THE MOKAMBO PROPERTY

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Mots clés associés :   Canada | Copper |

Press Release 08-13

 

 

ICS Copper Drills 40.9 meters of 1.10% Cu and 16.0 meters of 1.56% Cu at the Mokambo Property

July 23rd 2008-Abbotsford, British Columbia, Canada ? ICS Copper Systems Ltd. (ICX:TSX.V) is pleased to announce that the Company has obtained important assays and widths from the sulphide twinning confirmation diamond drill program which is now completed. The latest results show that HOLE M-08-S-04 INTERSECTED 40.9 METERS TRUE THICKNESS OF 1.10% TOTAL COPPER AND HOLE M-08-S-05 INTERSECTED 16.0 METERS TRUE THICKNESS OF 1.56% TOTAL COPPER.

To confirm that the historic mineral estimate was accurate and to bring the estimate into a NI 43-101 compliant mineral resource, ICS re-sampled the same historic sulphide drill holes that were twinned. The re-sampled new assay results show a very good correlation to the historic assay results as illustrated below.

The first table illustrates a few selected mineralized zones in each drill hole, for direct comparison of the historic assays and the re-sampled assays (A H Knight Labs, Kitwe, Zambia, 2008).

Hole No.

Intersection

Assay T Cu (%)

Assay AS Cu (%)

 

From (m)

To (m)

Original

Re-Sampled

Original

Re-Sampled

KN20

173.1

174.2

2.90

3.57

1.73

2.16

 

204.8

206.8

2.56

2.66

0.12

0.18

 

242.0

242.8

1.57

1.44

0.15

0.18

KN21

266.4

269.7

1.88

1.36

0.11

0.10

 

289.9

291.4

1.56

1.27

0.22

0.05

 

313.3

314.6

1.70

1.76

0.64

0.45

KN22

332.5

336.2

1.73

1.97

0.20

0.93

 

346.3

351.1

1.69

1.73

0.01

0.02

 

373.1

374.6

1.28

1.20

0.01

0.01

KN33

325.7

327.1

2.85

1.86

2.78

1.32

 

346.7

347.7

1.38

1.24

0.03

0.03

 

378.9

382.2

0.53

0.50

0.06

0.02

Note:      T Cu ? Total Copper in percent.

                AS Cu ? Acid Soluble Copper in percent.

The second table illustrates the statistical analysis, for all the intersections, for each hole, in the re-sampling program. The low variance and a small standard deviation confirm the good correlation between the current assays and assays that were done over 50 years ago using the same intersections of core.

Hole No.

Copper

Variance ? Historic Assays VS Re-Sampled Assays (% Cu)

 

Type

Average

Maximum

Minimum

Standard Dev.

Median

KN20

T Cu

0.12

0.94

-0.35

0.291

0.05

 

AS Cu

0.05

0.43

-0.13

0.121

0.02

KN21

T Cu

0.09

3.80

-0.52

0.751

-0.01

 

AS Cu

0.02

2.19

-0.19

0.432

-0.06

KN22

T Cu

-0.02

0.25

-0.69

0.200

0.00

 

AS Cu

0.11

0.73

0.00

0.225

0.01

KN33

T Cu

-0.09

0.09

-0.99

0.206

-0.05

 

AS Cu

-0.08

0.09

-1.46

0.296

-0.02

Note:      T Cu ? Total Copper in percent.

                AS Cu ? Acid Soluble Copper in percent.

Sulphide Twin Drill Program

The twinned hole drill sites were chosen not only to confirm the largest defined areas of mineralization but to confirm the other mineralization along strike (+ 3,400 meters) over the property.

The 5 hole sulphide twinning program results are now complete and again the assay results compare well with the historical drill results. Direct assay comparison with respect to lithology or depth within the hole is difficult, due to hole deflections in the historic and twinned holes that subsequently vary the depth and the lithologic thicknesses. Indirect comparison shows however, highly anomalous mineralized zones that are equivalent within those lithologies. In several holes, the mineralized intersections were thicker than the historic sulphide holes due to previous operators not sampling all mineralization in the core.

Highlights of the Program

M-08-S-01 (DH3)

 

From

To

Intersection

Total Copper

Oxide Copper

Cobalt

 

(m)

(m)

True Width (m)

(%)

(%)

(%)

 

69.10

84.43

9.44

0.82

0.42

0.001

including

74.10

74.75

0.40

1.76

0.89

0.001

including

75.75

76.95

0.74

1.22

0.05

0.001

including

78.65

80.50

1.14

1.69

0.97

0.001

including

81.99

82.91

0.57

1.30

1.09

0.001

 

85.65

92.90

4.46

0.35

0.13

0.001

M-08-S-02 (KN33)

 

From

To

Intersection

Total Copper

Oxide Copper

Cobalt

 

(m)

(m)

True Width (m)

(%)

(%)

(%)

 

375.5

391.7

9.3

0.41

0.29

0.01

including

387.1

391.7

2.6

0.87

0.65

0.01

This hole was abandoned due to extremely high hydraulic pressure from an intersected aquifer just as the hole was intersecting the mineralization.

M-08-S-03 (KN22)

 

From

To

Intersection

Total Copper

Oxide Copper

Cobalt

 

(m)

(m)

True Width (m)

(%)

(%)

(%)

 

286.55

323.30

21.08

0.88

0.61

0.005

including

294.00

301.80

4.47

2.29

2.08

0.008

including

310.00

312.60

1.49

1.31

0.29

0.001

 

326.30

369.30

24.66

0.40

0.07

0.002

including

330.30

332.80

1.43

2.25

0.11

0.010

including

338.90

344.10

2.98

1.94

0.23

0.001

including

356.60

358.60

1.15

1.74

0.10

0.020

including

364.70

367.30

1.49

1.12

0.18

0.003

M-08-S-04 (KN21)

 

From

To

Intersection

Total Copper

Oxide Copper

Cobalt

 

(m)

(m)

True Width (m)

(%)

(%)

(%)

 

272.9

344.2

40.9

1.10

0.04

0.006

including

281.1

297.2

9.2

2.09

0.03

0.012

including

299.3

304.5

3.0

2.40

0.03

0.019

including

311.7

315.1

2.0

1.66

0.03

0.010

including

317.1

320.6

2.0

2.22

0.35

0.001

including

335.2

336.6

0.8

2.47

0.08

0.001

M-08-S-05 (KN20)

 

From

To

Intersection

Total Copper

Oxide Copper

Cobalt

 

(m)

(m)

True Width (m)

(%)

(%)

(%)

 

163.05

180.20

10.1

0.60

 

0.001

including

168.00

172.20

2.4

1.33

 

0.001

 

181.20

198.20

9.8

0.62

 

0.010

including

186.20

187.20

0.6

1.08

 

0.001

 

199.20

227.10

16.0

1.56

 

0.010

including

199.20

200.20

0.6

1.02

 

0.010

including

203.60

210.90

4.2

2.64

 

0.010

including

213.90

214.90

0.6

1.33

 

0.010

including

215.60

224.10

4.9

1.74

 

0.001

These results are very encouraging as it confirms the historic sulphide mineralization identified by previous operators not only exists but that it covers a strike length across the entire concession. RSG Global, a subsidiary of Coffey Mining is presently auditing these results as part of their requirements under NI 43-101 as they prepare to undertake a new mineral resource calculation and subsequent Technical Report.

Oxide Copper Drill Program

ICS is also pleased to announce that the shallow (100 meter) grid drill program covering the property is now complete. Assay results are pending but will be fast tracked so that they can be included in RSG Global?s mineral resource estimation and subsequent Technical Report.

It is anticipated that the report will be finalized by mid to late August so that GRD Minproc can economically evaluate the Mokambo Property.

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.

 

President and CEO of ICS, Graham Chisholm comments: ?The sulphide drill program corroborates the historical assays and the results above speak for themselves.  We are pleased with these drilling results and we look forward to receiving the NI 43-101 Technical Report being prepared by Coffey Mining.?

 

ICS COPPER SYSTEMS LTD.

Signed ?Graham Chisholm?

Graham Chisholm, President & CEO

 

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 

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.

 For Further  information contact:

Graham Chisholm, President ? (604) 859-3007 ? Email: graham@icscopper.com

         Brett Whitelaw, Vice-President of Public Relations   ? (778) 836-5891 ? Email: brett_whitelaw@telus.net

www.icscopper.com

Important Information:

We respect your privacy.  If you wish to be removed from ICX email distribution list please reply to this email by typing ?UNSUBSCRIBE? in the subject line and you will be removed from future mailings. 

 

 

 

 

 

 

 

 


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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

ICS Copper Systems Ltd

EN DÉVELOPPEMENT
CODE : ICX.V
CUSIP : 45107L 10 0
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ICS Copper Systemps est une société développant des projet miniers de cuivre basée au Canada.

ICS Copper Systemps détient divers projets d'exploration en Republique Democratique Du Congo.

Son principal projet en développement est MOKAMBO MINE en Zambie et ses principaux projets en exploration sont EXACOM, MUSOSHI TAILINGS et SKANIA en Republique Democratique Du Congo.

ICS Copper Systemps est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,5 millions CA$ (2,5 millions US$, 1,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,37 CA$, et son plus bas niveau récent le 09 avril 2009 à 0,01 CA$.

ICS Copper Systemps possède 35 889 000 actions en circulation.

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Présentations des Compagnies de ICS Copper Systems Ltd
05/09/2007report by Fundamental Research
Dans les médias de ICS Copper Systems Ltd
18/12/2007targeting production for July 2009
Rapports annuels de ICS Copper Systems Ltd
2008 Annual report
Financements de ICS Copper Systems Ltd
27/05/2008Announces $1.1 Million Private Placement
Nominations de ICS Copper Systems Ltd
21/08/2008APPOINTMENT OF CHAIRMAN & NEW DIRECTOR TO THE BOARD OF DIREC...
16/04/2008 APPOINTS RICHARD MOLYNEUX TO THE BOARD
Projets de ICS Copper Systems Ltd
07/01/2009(Mokambo Mine)ICS Abandons Mokambo Property
25/11/2008(Mokambo Mine)NEARS PRODUCTION OF THIRD PARTY ORE
23/07/2008(Mokambo Mine) DRILLS 40.9 METERS OF 1.10% CU & 16.0 METERS OF 1.56% CU AT...
18/04/2008(Mokambo Mine)UPDATES MOKAMBO SULPHIDE DRILL PROGRAM
10/03/2008(Mokambo Mine) MOKAMBO PROJECT SULPHIDE DRILL PROGRAM HAS COMMENCED
Communiqués de Presse de ICS Copper Systems Ltd
04/11/2008PAUSES FOR STRATEGIC REVIEW
07/05/2008INSTALLATION OF EMEW PLANT IN ZAMBIA BY Q4 OF 2008 - ON SCHE...
04/04/2008CLARIFIES ITS PRESS RELEASE 08-02
02/04/2008SIGNS JOINT VENTURE WITH TRANSAFRICAN MINERALS LIMITED
31/03/2008SIGNS JOINT VENTURE ON THE KARUKURUKU CONCESSION (DRC)
28/01/2008 MANAGEMENT CLARIFICATION
30/10/2007CLARIFIES ITS DISCLOSURE
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