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ICS Copper Systems Ltd

Publié le 18 avril 2008

UPDATES MOKAMBO SULPHIDE DRILL PROGRAM

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Press Release 08-08

 

MOKAMBO  PROJECT

SULPHIDE  DRILL  CONFIRMATION  PROGRAM -  70% COMPLETE

April 17th, 2008-Abbotsford, British Columbia, Canada � 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 Value (%)

Minimum Value (%)

Standard Deviation

Median (%)

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 $ 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 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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