cvac01 Seasoned Veteran
Number of posts : 253 Registration date : 2008-03-29
| Subject: Re: Mosquito Consolidated Gold Mines Limited (MSQ.V) Thu Jun 12, 2008 1:18 am | |
| Mosquito Commences 2008 Drilling Program with CUMO Project Vancouver, June 9, 2008 – Mosquito Consolidated Gold Mines Limited (Mosquito – TSX Venture: MSQ) is pleased to report that the CUMO drilling program for 2008 has commenced. Two diamond drills arrived at the property last week and two holes have been collared. Hole 08-35 has already achieved a depth of 800 feet and drilling of Hole 08-36 has started. Mosquito is deploying five drills from its wholly-owned subsidiary, Kirkness Drilling, to the CUMO site, one of the world’s largest molybdenum deposits. In an aggressive strategy designed to obtain both short-term and long-term results, the Company is dedicating three drills to expanding the CUMO resource, which presently consists of just 20% of a much larger mineralized system covered by the property, and two drills to delineate the edges of the mineralized zone.
The 2008 drilling program will also further prove and expand the higher-grade individual metal zone areas of the CUMO resource. These higher-grade multi-element resources were announced in the Company’s April 16, 2008 Press Release and consist of 1.103 Billion tons containing: 2.127 Billion pounds of molybdenum oxide; 1.449 Billion pounds of copper; 68 Million ounces of silver; and 102 Million pounds of tungsten. Significant quantities of the valuable high-tech metals rhenium and gallium -- by-product metals associated with copper and molybdenum mineralization -- have also been identified.
“We are pleased to have commenced our 2008 drilling program on CUMO. By expanding both the total resource and the higher-grade areas, we will significantly increase the value of the CUMO project for our shareholders. We look forward to reporting on drilling results throughout the rest of the year,” commented Shaun Dykes, Exploration Manager of Mosquito.
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 LIMITED
Brian McClay President
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cvac01 Seasoned Veteran
Number of posts : 253 Registration date : 2008-03-29
| Subject: Mosquito Consolidated Gold Mines Limited (MSQ.V) Thu Jun 05, 2008 8:43 am | |
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