Mokambo Mine Announces Initial Assay Results
Abbotsford, Canada (ots/PRNewswire)
ICS Copper Systems Ltd. (ICX:TSX.V) is pleased to announce the initial assay results from the diamond drill core program at the Mokambo Mine situated in Mufulira, Zambia. The best intersections are as follows:
Road Number 1 is at the extreme west portion of the concession and at the
outer edge of the main oxide copper zone.
Hole Number From To Interval Copper Cobalt
(m) (m) (True Width m) (%) (%)
M-07-01 35.35 41.35 5.44 0.093 0.0215
M-07-02 101.00 103.55 2.85 0.106
M-07-04 36.00 28.00 2.85 0.104
M-07-05 25.80 28.05 1.95 0.062
Road Number 5 is within main oxide copper zone.
Hole Number From To Interval Copper Cobalt
(m) (m) (True Width m) (%) (%)
M-07-025 13.60 16.60 2.72 0.114
and 69.90 74.30 4.26 1.695
including 70.30 71.30 0.91 2.830
including 73.30 74.30 0.91 2.960
and 23.60 24.60 0.91 0.020 0.0135Drill Programme 50% Complete
The drill program is over 50% complete. The single biggest difficulty associated with the drill program progress has been the extremely variable rock condition in all the holes encountered so far. The drill programme is now expected to be completed by February 2008.
Delay in Assay Results From SA Laboratory.
Significant delays in the turn-around time of assays to the company have largely been attributable to a breakdown in the ICP-OES (Inductively Coupled Plasma - Optical Emission Spectrometer) machine used by an internationally accredited laboratory in Johannesburg S.A. The parts for the ICP have been couriered from the United Kingdom and the machine is finally operational. Unfortunately, huge backlogs of samples have resulted, including ICS samples. The laboratory has informed ICS that it is installing a new ICP machine in part to handle the backlog of samples that have resulted from this unfortunate breakdown. This new unit will be operational in the first week of December. The laboratory has also informed ICS that its sample results would be a priority. As such the lab is sending the ICS's backlogged samples to some of its other international affiliated laboratories to accelerate the assay results turn-around. The lab manager assured the Company that the backlog would be totally eliminated within 3 weeks. Graham Chisholm CEO of the company comments "It is pleasing to see the high grades of Copper in Road 5 and to see the presence of Cobalt recorded in these assay results. As further assays come back from the lab, we expect to see additional intersections of Cobalt and Copper."
ICS Copper Systems Ltd.
The company's first year annual report has been filed and distributed.
David Makepeace, P.Eng., the Technical Director of ICS who is directing the Mokambo Project, a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
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.
Web Page: http://www.icscopper.com
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.