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ICS acquires 100% of Excelsior Springs Gold property (Nevada)
ICS acquires 100% of Excelsior Springs Gold property (Nevada)
About this update from Carlton Precious Inc
[{"type":"text","content":"\n\n\n\n Aug. 19, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nABBOTSFORD, BC, Aug. 19 /CNW/ - ICS Copper Systems Ltd. (ICX:TSX.V) is pleased to announce that it has signed a lease agreement with Timberwolf Minerals Ltd to acquire the lease rights over 100% of the Excelsior Springs Gold property in Esmeralda County, Nevada, USA.\n\n\n >\n\nThe Excelsior Springs Gold Prospect, including the Buster Mine, is located in west-central Esmeralda County, NV, approximately 50 miles WSW of Goldfield, Nevada. The prospect is located within a belt of Pre-Cambrian to Cambrian meta-sediments sandwiched between the Sylvania and Palmetto lobes of a suspected composite pluton. The pluton and intruded meta-sediments host many small gold mines, placers, prospects and anomalous gold in rock that define a regional gold-rich belt of at least 700 sq. miles. Excelsior Springs is centrally located within this gold belt. The Goldfield District, with a past production of +10 million ounces gold, lies approx. 45 miles east-northeast of the property. The Tonopah District, with a past production of 2 million ounces gold and 100 million ounces silver, lies approx. 65 miles northeast.\nThe Buster Mine, the main past producing mine on the patented claims, was discovered in 1872. Past production has been estimated at 18,000 tons at 1.2 opt gold. The Buster Shaft is 235 ft. deep, with workings on the 75 ft., 125 ft., and 175 ft. levels. The mine has 1540 ft. of accessible drift, mostly on the 75 ft. and 125 ft. levels. The Upper Shaft, located 750 ft. east of the Buster, is 155 ft. deep with at least 320 ft. of drift on the 130 ft. and 150 ft. levels.\nA 1986 evaluation estimated the volume of material removed from the underground workings on the Buster to be at least 36,000 tons. A detailed calculation of the Buster dump completed in 1986 indicates some of this tonnage still remains on the dump.\nRecovery from the stamp mill that treated the Buster production was r...