ABBOTSFORD, BC, June 10 /CNW/ - ICS Copper Systems Ltd. (ICX:TSX.V) is
pleased to announce that the Company has obtained approval from the
Environmental Council of Zambia for its Environmental Impact Assessment (EIA).
This is a significant milestone in advancing the Mokambo property.
This approval, along with the NI 43-101 Mineral Resource Technical
Report, that is underway, allows the Company to proceed with the economic
feasibility of mining and processing the near surface oxide copper
mineralization at Mokambo. The EIA approval also allows the Company to proceed
with the construction of their new EMEW plant and associated infrastructure.
This processing plant will be used to process the economic oxide copper
mineralization identified in the feasibility and other oxide copper and cobalt
mineralization that will be purchased from local miners in Zambia and the DRC.
Construction of the plant is on schedule to be completed in the 4th
quarter of 2008. As part of the processing plant, a self-contained 1250 KVA
generator has been purchased from Harrington Generators International in the
UK. It is presently en route to Mokambo and should arrive in the next 5 weeks.
This generator will provide all the necessary power required for the
processing plant and office compound.
Sulphide Confirmation Drill Program
The Company will complete the last twined hole to confirm the historical
sulphide drill hole data. Results will be released for the entire program
after the assay results from this last hole are received. Coffey Mining, the
largest Australian-owned international mining consultancy firm has been
retained to undertake the NI 43-101 Mineral Resource Technical Report for the
oxide and historic sulphide mineralization. Their report should be completed
at the end of July or early August.
The Company also wishes to announce that Mr. Graham Chisholm will be
presenting at the Investment Conference in London England, "Mining in Zambia &
Zimbabwe, The Opportunities, Risk & Rewards" to be held at the offices of
Deloitte & Touche, 2 New Street Square, London @ 2:00 p.m. on June 25th, 2008.
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.
For further information:
For further information: Graham Chisholm, firstname.lastname@example.org, Office:
(604) 859-3007, Cell: (604) 302-0746; For Investor Relations: Brett Whitelaw,
email@example.com, Tel: (604) 662-8633, Web Page: www.icscopper.com