ICS Copper Drills 40.9 Meters of 1.10% Cu and 16.0 Meters of 1.56% Cu at the Mokambo Property
ABBOTSFORD, BC, July 23 /PRNewswire-FirstCall/ — 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 (%) # —————————————————————– 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 # 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.
ICS Copper Systems Ltd.
CONTACT: Graham Chisholm, graham@icscopper.com, Office: (604) 859-3007,Cell: (604) 302-0746; For Investor Relations: Brett Whitelaw,brett_whitelaw@telus.net, Tel: (604) 662-8633, Web Page: http://www.icscopper.com/