ICS Copper Drills 40.9 Meters of 1.10% Cu and 16.0 Meters of 1.56% Cu at the Mokambo Property
Geschrieben am 23-07-2008 |
Abbotsford, British Columbia (ots/PRNewswire) - 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 Intersection Assay T Cu (%) Assay AS Cu (%) No. ----------------------------------------------------------------- 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 resampling 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 lithologie 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 Oxide Cobalt (m) (m) True Width (m) Copper (%) Copper (%) (%) -------------------------------------------------------------- 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 Oxide Cobalt (m) (m) True Width (m) Copper (%) Copper (%) (%) -------------------------------------------------------------- 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 Oxide Cobalt (m) (m) True Width (m) Copper (%) Copper (%) (%) --------------------------------------------------------------- 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 Oxide Cobalt (m) (m) True Width (m) Copper (%) Copper (%) (%) --------------------------------------------------------------- 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 Oxide Cobalt (m) (m) True Width (m) Copper (%) Copper (%) (%) --------------------------------------------------------------- 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
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
ots Originaltext: ICS Copper Systems Ltd Im Internet recherchierbar: http://www.presseportal.de
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
Kontaktinformationen:
Leider liegen uns zu diesem Artikel keine separaten Kontaktinformationen gespeichert vor.
Am Ende der Pressemitteilung finden Sie meist die Kontaktdaten des Verfassers.
Neu! Bewerten Sie unsere Artikel in der rechten Navigationsleiste und finden
Sie außerdem den meist aufgerufenen Artikel in dieser Rubrik.
Sie suche nach weiteren Pressenachrichten?
Mehr zu diesem Thema finden Sie auf folgender Übersichtsseite. Desweiteren finden Sie dort auch Nachrichten aus anderen Genres.
http://www.bankkaufmann.com/topics.html
Weitere Informationen erhalten Sie per E-Mail unter der Adresse: info@bankkaufmann.com.
@-symbol Internet Media UG (haftungsbeschränkt)
Schulstr. 18
D-91245 Simmelsdorf
E-Mail: media(at)at-symbol.de
149679
weitere Artikel:
- Nokia and Qualcomm Enter Into a New Agreement Espoo and San Diego (ots/PRNewswire) - - Companies Agree to Settle All Litigation - Nokia (NYSE: NOK) and Qualcomm (Nasdaq: QCOM) today announced that they have entered into a new agreement covering various standards including GSM, EDGE, CDMA, WCDMA, HSDPA, OFDM, WiMAX, LTE and other technologies. The agreement will result in settlement of all litigation between the companies, including the withdrawal by Nokia of its complaint to the European Commission. Under the terms of the new 15-year agreement, Nokia has been granted a license mehr...
- ONO erhöht Marktführerschaft im Breitband-Bereich mit Nominum Redwood City, Kalifornien (ots/PRNewswire) - - Schnellst wachsender spanischer Breitbandanbieter stärkt DNS-Bereich und stellt die Weichen für künftiges Wachstum und neue Dienstleistungen Nominum, führend in der Technologie zur Netzwerknamen und- adressauflösung, gab heute bekannt, dass ONO, ein spanischer Breitband-Anbieter, das Carrier-Grade-DNS von Nominum als Grundlage für seine Breitband-Dienste für den Internetzugang gewählt hat. (Logo: http://www.newscom.com/cgi-bin/prnh/20000511/SFTH101LOGO) Da ONO mit seinen über 1,2 mehr...
- 11% weniger Unfalltote im Straßenverkehr im Mai 2008 Wiesbaden (ots) - Nach vorläufigen Ergebnissen des Statistischen Bundesamtes (Destatis) ging die Zahl der Verkehrstoten im Mai 2008 gegenüber dem Vorjahr deutlich zurück. In diesem Monat kamen bei Straßenverkehrsunfällen bundesweit 432 Menschen ums Leben. Das waren 11% oder 54 Personen weniger als im Mai 2007. Auch die Zahl der Verletzten ist um 3,0% auf 39 700 gegenüber dem Vorjahresmonat gesunken. Im Mai 2008 hat die Polizei in Deutschland rund 196 600 Straßenverkehrsunfälle aufgenommen, 4,8% weniger als im Mai 2007. Dabei ist die mehr...
- Dienstleistungsbereich bleibt weiter Jobmotor Wiesbaden (ots) - Wie das Statistische Bundesamt (Destatis) mitteilt, beschäftigten im Jahr 2006 rund 715 300 Unternehmen und Einrichtungen in ausgewählten Dienstleistungsbereichen insgesamt mehr als 6,4 Millionen Beschäftigte; die Zahl der Arbeitsplätze stieg gegenüber 2005 um knapp 400 000 (+ 6,6%). Die aktuellen Ergebnisse der vierteljährlich durchgeführten Konjunkturstatistischen Erhebung in bestimmten Dienstleistungsbereichen belegen, dass der Jobmotor Dienstleistungsbereich auch in den vier Quartalen des Jahres 2007 sowie im ersten mehr...
- DeviceMine v3.0 - Datenbank für Mobilfunkgeräte vermindert Fragmentierungsprobleme für die Gemeinschaft mobiler Inhalte und Entwickler Poole, England (ots/PRNewswire) - WDSGlobal hat es mit der Einführung einer Serie spezialisierter "Content-Packs" für die Entwickler mobiler Inhalte jetzt noch leichter und günstiger gemacht, auf seine marktführende Datenbank mit Funktionen von Mobilfunkgeräten zuzugreifen. Das heute eingeführte DeviceMine v3.0 verfolgt in seiner Datenbank bis zu 530 unterschiedliche Eigenschaften mobiler Endgeräte, darunter physische Eigenschaften, Browserinformationen, Medienunterstützung und native Anwendungsumgebungen. Mit diesen Informationen gerüstet mehr...
|
|
|
Mehr zu dem Thema Aktuelle Wirtschaftsnews
Der meistgelesene Artikel zu dem Thema:
DBV löst Berechtigungsscheine von knapp 344 Mio. EUR ein
durchschnittliche Punktzahl: 0 Stimmen: 0
|