Mosquito Engages Three Engineering Firms to Take CUMO to Feasibility
12 8월 2008 - 6:00AM
Marketwired
Mosquito Consolidated Gold Mines Limited (TSX VENTURE: MSQ) is
pleased to announce that it has engaged M3 Engineering of Tucson,
Arizona, SGS Metallurgy of Vancouver, BC, and Forsgren Associates
Inc. of Boise, Idaho to conduct engineering feasibility work on its
Idaho-based CUMO molybdenum/copper project.
M3 Engineering has been engaged to produce scoping,
pre-feasibility and feasibility studies for the CUMO project.
Initial work will consist of a Scoping and Defining Study that will
independently confirm the economic viability of the project and
outline specific locations for the mine, mill, and waste and
tailings sites. M3 will also examine the permitting process and
cultural and transportation requirements for the project. Once the
locations have been selected, feasibility and environmental impact
statement level studies will commence. Estimated time to complete
this stage is two to three months. M3 Engineering will continue to
work with Mosquito's personnel while ongoing drilling and
environmental studies further develop CUMO, with the aim of
delivering a bankable feasibility study for the project. M3
Engineering was selected because of the firm's worldwide reputation
for delivering bankable feasibility studies on time and on budget.
Recent studies include General Moly's Mt. Hope project and Augusta
Resources' Rosemont Copper project.
SGS Metallurgy has been engaged to produce a study entitled "A
Feasibility-level Metallurgical and Environmental Testing Program
on the CUMO project". The aim is to produce sufficient information
addressing the geometallurgical aspects of CUMO that can be used in
a bankable feasibility-level engineering study. Initially, the work
will consist of a pre-feasibility stage design and analysis of a
mill flow sheet including: concentrate and tailings analysis;
grinds sizes; reagent usage; and flotation circuit configuration.
This will then be followed by feasibility-level metallurgical
testing consisting of variability studies and environmental
tailings and waste analysis. A bulk sample of 3500 kilograms and
one hundred individual 20 kilogram samples will be required for the
testing and will be collected from existing and future drill core.
SGS Metallurgy has been involved with numerous metallurgical
studies of deposits throughout the world.
Forsgren Associates Inc. has been hired to perform a preliminary
study of the feasibility of generating low-impact hydroelectricity
in the project area, assist in the development of an Intergrated
Water Management plan, and provide expertise and advice in
coordinating the permitting process, including the creation of an
interagency task force to aid in the permitting process. Forsgren
Associates is highly respected in Idaho and has done substantial
work with the various agencies involved in the permitting process.
Forsgren Engineers completed similar work for the Thompson Creek
Mine located 60 miles east of CUMO.
"The concurrent hiring of three top-level engineering firms,
each with proven track records, combined with our aggressive
drilling program, allows us to significantly accelerate the
processes required for generating a bankable feasibility study and
moving our CUMO project towards production," stated Shaun Dykes,
Exploration Manager and Director of Mosquito.
The 2008 drilling program for CUMO is progressing well with four
diamond drills currently operating, and two more scheduled in the
next month. Hole 35 has been completed to a depth of 2815 feet and
intersected molybdenum bearing mineralization from 100 to 2815
feet. Assays have been received from the initial 2200 feet with the
remaining 600 feet currently at the assay lab. Hole 36 is currently
drilling at 2160 feet with estimated depth of 2500 feet. It
intersected the first molybdenum bearing mineralization at 292
feet. Hole 37 is currently drilling at 2175 feet with a target
depth of 2300 feet. It intersected the first molybdenum bearing
mineralization at 69 feet. Hole 38 is currently drilling at 855
feet. It intersected the first molybdenum bearing mineralization at
164 feet. Assay results for the holes will be released once all
assays for an individual hole have been completed.
Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., Exploration Manager and
Director of Mosquito is the designated qualified person for the
CUMO Project, and prepared the technical information contained in
this news release.
On Behalf of the Board
MOSQUITO CONSOLIDATED GOLD MINES LTD.
Brian McClay, President
About Mosquito Consolidated Gold Mines
Mosquito Consolidated Gold Mines Limited is a mining exploration
and development company with a diverse portfolio of high potential
precious and base metals projects, located in low political risk
environments in North America and Australia. The Company's primary
focus is developing its Idaho-based CUMO project, one of the
world's largest molybdenum deposits, and its Nevada-based Pine Tree
copper-molybdenum-silver project. For more information, please
visit www.mosquitogold.com.
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
This news release includes certain statements that express
management's expectation or estimates of future performance and may
be deemed "forward-looking statements". These forward-looking
statements include plans, estimates, forecasts and statements as to
management's expectations regarding the CUMO Project. These
forward-looking statements involve assumptions, risks and
uncertainties and actual results may vary materially. For these
reasons shareholders should not place undue reliance on such
forward-looking information.
United States residents are cautioned that some of the
information that may be published by Mosquito may not be consistent
with United States Securities and Exchange Commission disclosure
rules and may be materially different from what the Company is
permitted to disclose in the United States and therefore United
States residents should not rely on such information.
The TSX-Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Mosquito Consolidated Gold Mines Limited Brian McClay
President (604) 689-7902 (604) 689-7816 (FAX) Website:
www.mosquitogold.com
American Cumo Mining Corporation (TSXV:MSQ)
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