Mokambo Receives EIA Approval to Mine and Process Oxides
Abbotsford, Canada (ots/PRNewswire)
ICS Copper Systems Ltd. (ICX:TSX.V) is pleased to announce that the Company has obtained approval from the Environmental Council of Zambia for its Environmental Impact Assessment (EIA). This is a significant milestone in advancing the Mokambo property.
This approval, along with the NI 43-101 Mineral Resource Technical Report, that is underway, allows the Company to proceed with the economic feasibility of mining and processing the near surface oxide copper mineralization at Mokambo. The EIA approval also allows the Company to proceed with the construction of their new EMEW plant and associated infrastructure. This processing plant will be used to process the economic oxide copper mineralization identified in the feasibility and other oxide copper and cobalt mineralization that will be purchased from local miners in Zambia and the DRC.
Construction of the plant is on schedule to be completed in the 4th quarter of 2008. As part of the processing plant, a self-contained 1250 KVA generator has been purchased from Harrington Generators International in the UK. It is presently en route to Mokambo and should arrive in the next 5 weeks. This generator will provide all the necessary power required for the processing plant and office compound.
Sulphide Confirmation Drill Program
The Company will complete the last twined hole to confirm the historical sulphide drill hole data. Results will be released for the entire program after the assay results from this last hole are received. Coffey Mining, the largest Australian-owned international mining consultancy firm has been retained to undertake the NI 43-101 Mineral Resource Technical Report for the oxide and historic sulphide mineralization. Their report should be completed at the end of July or early August.
The Company also wishes to announce that Mr. Graham Chisholm will be presenting at the Investment Conference in London England, "Mining in Zambia & Zimbabwe, The Opportunities, Risk & Rewards" to be held at the offices of Deloitte & Touche, 2 New Street Square, London @ 2:00 p.m. on June 25th, 2008.
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
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, Web Page: http://www.icscopper.com