Mokambo NI 43-101 Mineral Resource Technical Report Received
Abbortsford, Canada (ots/PRNewswire)
ICS Copper Systems Ltd. (ICX:TSX.V) is pleased to announce that the Company has obtained a NI 43-101 compliant independent Mineral Resource Technical Report on the sulphide mineralization at the Mokambo property, Zambia. This resource estimate provides a useful baseline for further exploration and development of the Mokambo property.
The following tabulation is at the "Inferred" level of confidence, based on CIMM guidelines.
Zone Cut-off Approx. Dimensions Tonnage Grade
---- ------- ------------------ ------- -----
(% TCu) (m) (MT) (% TCu)
Sulphide 0.75 1000 x 600 x 20 14.9 1.22The resource estimate was completed by Ms. Kathleen Body of Coffey Mining Limited, who is an independent qualified person under NI 43-101 regulations. The mineral resource estimate utilized a 3D block modelling program (Datamine V3) based on drill data consisting of the historic sulphide holes (1929 to 1970) and the twinned sulphide holes drilled by ICS in 2008. The modelling focused on defining a contiguous block of mineralization, at a high grade, to warrant additional exploration.
The specific gravity used was the historic value of 2.8. Composite samples averaging two meters in length were calculated with a cut-off grade of 0.75 % total copper. Although three mineralized zones were identified, only the middle zone was used in the estimate due to its continuous nature with respect to the wide spaced drill holes. The mineral resource envelope was based on contiguous blocks with greater than 0.5 % total copper, with a drill hole spacing of less than 200 meters.
The sulphide mineral resource defines a 20 meter wide zone of moderate to high grade material that extends to at least 600 meters and is at the "Inferred" level of confidence, due to the wide spacing of the drill holes. This estimate is less than the historic estimates due to this hole-spacing, the estimation methodology and the selection criteria used.
The Company is confident that with an in-fill and perimeter drilling program based on a spacing grid of 50 x 50 meters, down to 350 meters, the tonnage in this area will increase. Having received confirmation of a significant "Inferred" mineral resource, ICS Copper now has the confidence to plan an expanded exploration programme at the Mokambo property.
Coffey Mining will release a separate report on the oxide zone mineral resource shortly. It is currently completing an additional verification analysis of some of the oxide samples by a third party laboratory. When the Company receives this resource, it will send it to GRD Minproc for analysis as to whether the oxide mineralization can be economically mined by open pit method.
The full NI 43-101 Technical Report will shortly be available for viewing online at SEDAR using the following link http://www.sedar.com
Kathleen Body, Pr.Sci.Nat., of Coffey Mining and an independent qualified person under NI 43-101, has approved the information in this news release.
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; "This is definitive confirmation of our sulphide deposit which we have confidence will increase in tonnage with further drilling. The separate oxide report from Coffey mining will be out shortly and will be forwarded to GRD Minproc for their assessment as to the viability of a small open pit mine."
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