Business
Mokambo NI 43-101 Mineral Resource Technical Report Received
ABBOTSFORD, BC, Oct. 16, 2008 /CNW/ - ICS Copper Systems Ltd. (ICX:TSX.V) is pleased to announce ...
About this update from Carlton Precious Inc
[{"type":"text","content":"\n\n\n\nABBOTSFORD, BC, Oct. 16, 2008 /CNW/ - ICS Copper Systems Ltd. (ICX:TSX.V)\nis pleased to announce that the Company has obtained a NI 43-101 compliant\nindependent Mineral Resource Technical Report on the sulphide mineralization\nat the Mokambo property, Zambia. This resource estimate provides a useful\nbaseline for further exploration and development of the Mokambo property.\n\n\nThe following tabulation is at the "Inferred" level of confidence, based\non CIMM guidelines.\n\n\n --------------------------------------------------------------------\n Zone Cut-off Approx. Dimensions Tonnage Grade\n ---- ------- ------------------ ------- -----\n (% TCu) (m) (MT) (% TCu)\n --------------------------------------------------------------------\n Sulphide 0.75 1000 x 600 x 20 14.9 1.22\n --------------------------------------------------------------------\n\n\nThe resource estimate was completed by Ms. Kathleen Body of Coffey Mining\nLimited, who is an independent qualified person under NI 43-101 regulations.\nThe mineral resource estimate utilized a 3D block modelling program (Datamine\nV3) based on drill data consisting of the historic sulphide holes (1929 to\n1970) and the twinned sulphide holes drilled by ICS in 2008. The modelling\nfocused on defining a contiguous block of mineralization, at a high grade, to\nwarrant additional exploration.\n\n\nThe specific gravity used was the historic value of 2.8. Composite\nsamples averaging two meters in length were calculated with a cut-off grade of\n0.75 % total copper. Although three mineralized zones were identified, only\nthe middle zone was used in the estimate due to its continuous nature with\nrespect to the wide spaced drill holes. The mineral resource envelope was\nbased on contiguous blocks with greater than 0.5 % total copper, with a drill\nhole spacing of less than 200 meters.\n\n\nThe sulphide mineral resource defines a 20 meter wide zone of moderate to\nhigh grade material that extends to at least 600 meters and is at the\n"Inferred" level of confidence, due to the wide spacing of the drill holes.\nThis estimate is less than the historic estimates due to this hole-spacing,\nthe estimation methodology and the selection criteria used.\n\n\nThe Company is confident that with an in-fill and perimeter drilling\nprogram based on a spacing grid of 50 x 50 me...