Business
Mokambo Project Sulphide Drill Program has commenced
ABBOTSFORD, BC, March 10 /CNW/ - ICS Copper Systems Ltd. (ICX:TSX.V) Sulphide Drill Program -----...
About this update from Carlton Precious Inc
[{"type":"text","content":"\n\n\n\nABBOTSFORD, BC, March 10 /CNW/ - ICS Copper Systems Ltd. (ICX:TSX.V)\n\n\nSulphide Drill Program\n\n\n----------------------\n\n\nThe company is pleased to announce that the first hole testing sulphide\nmineralization at Mokambo Copper Property in Zambia's Copper Belt has been\ncompleted in the area of the sulphide historic estimate. A NI 43-101 Technical\nReport on the Mokambo Property, prepared in part by David Makepeace, M.Eng.,\nP.Eng., a director of the Company and its acting Chief Operating Officer, who\nis a qualified person as defined by NI 43-101, states that the work by prior\noperators had generated a Sulphide Historical Indicated Estimate of 12 million\ntonnes grading 1.72 % total copper and a Sulphide Historical Inferred Estimate\nof 12 millions tonnes grading 1.47 % total copper (Geomin, 1976). No cobalt\nassaying was recorded in the historical drill logs the Company has acquired\nand hence were not part of the generated historic estimate. The Company\nadvises that a qualified person has not done sufficient work to classify the\nhistorical estimates as current mineral resources and ICS is not treating the\nhistorical estimates as current mineral resources, and that the historical\nestimates should not be relied upon (NI 43-101, Sec 1, 4.2 (2b)).\n\n\nOxide Drill Program\n\n\n-------------------\n\n\nThe Company's shallow (120 meter) drill program, testing the near\nsurface, oxidized portion of the Mokambo mineralization is nearing completion.\nThe Company plans to compile all the drill and geological data in order to\nproduce a NI 43-101 Technical Report on this portion of the program.\n\n\nThis news release includes a map identifying the shallow holes that have\nbeen drilled over the property which is overlaid by contours illustrating\ntotal copper mineralization identified by assays to-date. While it is not yet\npossible to determine the total potential of the shallow mineralization, it\ncan be noted however that a thicker than expected "transition zone" has been\nlocated below the oxide zone. To view map please access following link:\nhttp://www.icscopper.com/_resources/ODDP_Map.pdf\n\n\nThe transition zone is composed of chalcocite and bornite with malachite\non fractures and a minor amount of chalcopyrite. ICS plans to determine if a\ncontinuous vat leach process can be used to process the ox...