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Mining Exploration at Mosquito’s CuMo Project has Started;
Mining Exploration at Mosquito’s CuMo Project has Started;.
About this update from Multi-metal Dev Ltd.
[{"type":"text","content":"Mining Exploration at Mosquito’s CuMo Project has Started; U.S. Forest Service has approved work program and Signed Plan of Operations.Clarification This is a clarification to the news release issued August 30, 2011 as the statement \"the potential for six billion tons of metals..\" is not acceptable to the exchange, this statement has been changed.Vancouver, Canada, August 31, 2011. – Mosquito Consolidated Gold Mines (TSX.V: MSQ; US OTCQX: MQCMF - “Mosquito” or the “Company”) today announced that the U.S. Forest Service, Intermountain Region, has officially signed the Plan of Operation, the final authorization for Mosquito to begin its exploratory drilling program on National Forest land about 14 miles northwest of Idaho City, Idaho .“We are pleased to be able to move forward with the exploration,” said Shaun Dykes, CuMo project manager. “It will provide valuable information about the nature of the mineral deposit and also create at least 50 jobs in the Boise County area throughout the summer. The Forest Service’s environmental specialists and their consultants have done a very thorough job on the Environmental Assessment. This analysis has reaffirmed that the proposed activities would have no significant impact on the environment, including water resources in the region.”According to Mr. Dykes, “The exploration will be carried out to comply with all of the Forest Service’s protective requirements. If exploration someday leads to mine development, we intend to carry out substantial restoration work on lands that were already heavily mined in past years by other companies.” Mosquito has previously announced that the Company’s preliminary site exploration has determined a NI43-101 resource of 2.03 billion tons indicated and 3.95 billion tons inferred containing molybdenum, copper, silver and tungsten (see press release April 27,2011). Table 1 below lists the results from the NI43-101 compliant calculation completed at the $2.50 cutoff (originally published in April 27 release). TABLE 1IndicatedInferredMetal2.142.34billion pounds of molybdenum oxide(MoO3), 3.275.55billion pounds of copper (Cu), 140.7242.5million ounces of silver (Ag) and 158.290.9million pounds of tungsten(W) 2.033.95billion tons C...