Mokambo Property Update
Abbotsford, British Columbia (ots/PRNewswire)
ICS Copper Systems Limited (TSX-V:ICX) reports that the development of its Mokambo Copper Project, located in Mufulira, Zambia, is progressing ahead of schedule.
Drilling has been completed on 24 of the proposed 120 shallow diamond drill holes in the current program to delineate the oxide copper and other base metals in the Roan Series Copperbelt lithologies on the property. Visual copper mineralization has been seen in the core. Assays are being done by SGS laboratories in Johannesburg, S.A. and assay results are expected in late September 2007 or early October 2007.
The drill program is currently being supervised by D. Makepeace M.Eng., P.Eng., Technical Director and acting COO for ICS and the Qualified Person under N.I. 43-101.
A 2.72 hectare area has been cleared and leveled on the concession to accommodate the office and processing buildings. A security fence and gate has been erected to protect the 1.25 hectare compound. The administration, geology/engineering, core storage and EMEW plant buildings are being erected. Compound roads have been established to service the mine buildings. The 2,000 meter water line from the 125 meter shaft to the compound has been completed. A water filtration plant has been installed. The Company's EMEW pilot plating and powder cell plants have arrived from the DRC and the 270 EMEW cells from Australia are on schedule to be delivered to the site this fall.
The main road stabilization (10 kilometers) is almost complete and will allow for year round access to all portions of the property. There are 37 Zambian employees working directly for the company and many more indirectly. Several social development programs have been initiated to assist the nearby villages and municipality.
The Environmental Impact Assessment (EIA) process has started and should be completed and approved by the end of the year.
Graham Chisholm, President and CEO of the Company, reports, "We are extremely pleased with the progress made on our flagship property and in particular with the drill program. The ground clearing and on site infrastructural development has been significant and we are on track to achieve commercial production by mid 2009."
ICS Copper Systems Limited
Signed "Graham Chisholm"
Graham Chisholm, President and CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
website: http://www.icscopper.com
Contact:
For further information: Graham Chisholm at +1-604-859-3007, e-mail:
graham@icscopper.com