Mosquito Announces Another Excellent Intersection at Pine Tree, Hole 17 Intersects 1140 Feet Grading 0.90% Copper Equivalent/0.0
23 9월 2008 - 10:00PM
Marketwired
Mosquito Consolidated Gold Mines Limited (Mosquito) (TSX VENTURE:
MSQ) is pleased to report excellent results from two holes of the
2008 diamond drilling program for its Nevada-based Pine Tree
copper/molybdenum project.
Hole PT08-17 is an angle hole (-70) drilled to a depth of 673
meters (2208 feet), bearing 094 degrees azimuth from the same site
as hole PT07-12. The hole is designed to test the extension of the
mineralization intersected in Hole PT07-12 (figure 1). Hole PT08-17
intersected two molybdenum bearing zones separated by a north-south
fault. The upper zone is within the same fault block as Hole
PT07-12 was from 349.3m (1044 feet) to 486.5m (1596 feet). The
lower zone is from 499.3m (1638 feet) to 605.3m (1986 feet). Assay
results returned include:
Hole PT08-17 349.3 meters (1140.0 feet) grading 0.90% Cu Eq.
(0.080% MoS2 Eq., 1.43 lbs MoO3 Eq/t)
Including 287.1 meters (942 feet) grading 1.00% Cu Eq.
(0.089% MoS2 Eq., 1.59 lbs MoO3 Eq/t)
Upper zone 168.2 meters (552 feet) grading 1.26% Cu Eq.
(0.112% MoS2 Eq., 2.01 lbs MoO3 Eq/t)
Lower zone 106.1 meters (348 feet) grading 0.66% Cu Eq.
(0.058% MoS2 Eq., 1.05 lbs MoO3 Eq/t)
Hole PT08-15 is an angle hole (-70) drilled to a depth of 404.7
meters (1327 feet), bearing 066 degrees azimuth from the same site
as hole PT06-10. The hole is designed to test the extension of the
mineralization intersected in Hole PT06-10 (figure 1). Hole PT08-15
intersected two molybdenum bearing zones separated by a north-south
fault. The upper zone is within the same fault block as Hole
PT06-10 was from 137.2m (450 feet) to215.2m (706 feet). The lower
zone is from 248.7m (816 feet) to 374.3m (1228 feet). Assay results
returned include:
Hole PT08-15 237.1 meters (778.0 feet) grading 0.61% Cu Eq.
(0.054% MoS2 Eq., 0.97 lbs MoO3 Eq/t)
Upper zone 78 meters (256 feet) grading 0.66% Cu Eq.
(0.058% MoS2 Eq., 1.05 lbs MoO3 Eq/t)
Lower zone 125.6 meters (412 feet) grading 0.68% Cu Eq.
(0.060% MoS2 Eq., 1.08 lbs MoO3 Eq/t)
Geologically, the results are as expected. Both holes crossed
through a north-south orientated axial plane fault, from the
western block into the eastern block. Mosquito has been following
the western block mineralization since Hole PT05-3. This fault has
caused the higher-grade molybdenum mineralization to be shifted
upward and to the north, resulting in lower-grade molybdenum with
higher-grade copper and silver being intersected in the lower zone.
This can be seen in Figures 1 and 2. The faulting also resulted in
the intersections being shorter than previous intersections, as the
holes crossed over the top of mineralization in the western block
and passed through the base of the mineralized zone in the eastern
block. The presence of molybdenum closer to surface, in the eastern
block, has already been confirmed from pre-drilling the
northeastern holes, which intersected molybdenum at 500 feet below
surface. The lateral shift on the fault, which has moved
peripheral-style molybdenum copper alongside higher-grade
molybdenum mineralization, means that Mosquito will now concentrate
on drilling to the northeast to continue following the
mineralization to the north.
Drill core samples were cut in half using a diamond saw. Half
the core was sent for analysis and the other half has been kept and
stored at the core facility located on site. Following cutting, the
samples were picked up directly by ALS Chemex personnel and
delivered to their fully accredited analytical laboratory in Reno,
Nevada. They were first analyzed for 47 elements using a four (4)
acid digestion with analysis by Inductively Coupled Argon Plasma
Optical Mass Spectrometer (ICP-MS). Copper and Molybdenum bearing
samples were then checked by using a larger five gram sample and
analyzed using pressed powder pellet X-Ray Fluorescence
Spectroscopy (XRF). In addition, duplicates, blanks, and standards
were analyzed to ensure analytical accuracy and reproducibility.
All rejects are being kept for further analysis and for use in
metallurgical testing.
Full summary of the analytical results for Holes PT07-15 and
PT08-17 are outlined below in Table 1. Mineralization consists of
copper, molybdenum, silver, rhenium and gallium. As a result of the
multi-element nature of the mineralization, it was decided to
calculate both a copper and molybdenum equivalent for the
intercepts. Both equivalents are required as the deposit is zoned
as described above. Please see notes below table for explanation of
the calculation of copper equivalent (Cu Equiv.), MoS2 equivalent
(MoS2 Equiv.). The presence of the by-product elements silver,
rhenium, and gallium is very significant in terms of the
development of the property.
The table below lists the location and orientation of the
current drill holes. All holes are being surveyed down the hole
using a Reflex survey instrument.
--------------------------------------------------------------------------
Hole Northing Easting Elevation dip azimuth
Number feet feet feet degrees degrees Length feet
--------------------------------------------------------------------------
PT07-15 101317.00 200013.00 7485.00 -70.00 66.00 1279.00 completed
--------------------------------------------------------------------------
PT08-16 101778.00 199232.00 7435.00 -70.00 77.00 796.50 abandoned
--------------------------------------------------------------------------
PT08-17 102223.00 199665.20 7379.00 -70.00 94.00 2249.00 completed
--------------------------------------------------------------------------
PT08-18 101970.00 199120.00 7120.00 -90.00 0.00 687.00 abandoned
--------------------------------------------------------------------------
PT08-19 100929.00 201173.00 7735.00 -90.00 0.00 925.00 completed
--------------------------------------------------------------------------
PT08-20 100929.00 201172.00 7735.00 -65.00 45.00 1159.50 completed
--------------------------------------------------------------------------
PT08-21 100929.00 201175.00 7735.00 -65.00 271.00 998.00 completed
--------------------------------------------------------------------------
Hole PT08-16 and PT08-18 were abandoned due to driller error.
Holes PT08-19 to PT08-21 have been completed on the southern-most
site within the eastern block. These holes intercepted
molybdenum-poor/copper-rich mineralization on the periphery to the
molybdenum system and were drilled to provide a geological control
for the upcoming reverse circulation drilling and to fill in a
large gap in the diamond drilling. Due to the hot desert summer
weather in Nevada, drilling at Pine Tree has slowed down over the
past few months, and the Company has concentrated drilling efforts
on its main priority, the CUMO project, located in Idaho.
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.
To view accompanying Table 1 and Figures 1 and 2, please click
on the following link:
http://media3.marketwire.com/docs/msqq0923.pdf.
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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