Mokambo Central [NWPH ICS] - Zambian Copperbelt (sitios de interés)
Descripción del sitio
RESOURCE BASE - MOKAMBO CENTRAL 2008Inferred 14.9Mt at 1.22% Cu Sulphide
STATUS - DORMANT
Following an evaluation of the NI 43-101 Report prepared by Coffey Mining on the sulphide mineral resource, and a verbal report from Coffey Mining on the oxide drilling program, the Board is of the opinion that the grade and the tonnage of the sulphide resource and oxide deposit will not support a mining operation and that further drilling will not significantly increase tonnage and grade. Results of the evaluation of the sulphide resource and the 43-101 report prepared by Coffey Mining have previously been reported on and Coffey Mining advise that “results of the mineral resource modeling have indicated that there will be insufficient tonnage and metal concentration and recoveries for the
project to be viable.” The Board has therefore decided to abandon the Mokambo project
HISTORY
• The Mokambo Property and adjoining concessions have had substantial exploration programs completed on them, since 1929.
• In 1970, a joint venture was established between the government of Zambia and the Socialist Republic of Romania to explore the area. Geomin (Romanian Foreign Trade Company for Mines, Oil and Geology – Bucharest), Romanian acquired Prospecting Licence (PL 51) and Exploration Licence (EL 3) and took control of the property. A program of 6 diamond drill holes was completed to fill in gaps from previous drill programs. Geological prospecting, hydrological and geotechnical drill surveys and several new trenches and pits were completed as part of this exploration program.
• An exploratory shaft was constructed in 1974 on the Mokambo Property to further test the largest concentration of sulphide copper mineralization found by drilling. It was sunk to 125 meters and was originally designed to have four levels (120, 190, 260 and 330 meters) as well as an ore storage and loading pocket. This would have given the shaft an ultimate depth of 430 meters. During the construction of the 120-meter level, water-laidened faults were encountered which eventually flooded the mine in February 1975. A new preliminary feasibility study was completed by Geomin in 1976 but Mindeco (co-owners of the Mokambo by now) disagreed with the economic data in the study. The flooded shaft-event, along with a continuing low copper price and political unrest between Romania and Zambia eventually shut the operation down and the project was abandoned in 1977 (Mambwe, 1985).
• In 1987, Paragon Mines Limited (a Canadian-based junior mining company) took on the project but before work commenced, all 4 directors were tragically killed in a motor vehicle accident outside of Lusaka, Zambia.
• The state-owned mining company ZCCM in 1992 carried out a feasibility study to try to amalgamate the Mokambo Property with the Mufulira Division of ZCCM but with impending privatization, the project was abandoned.
• Between 1994 and 1997 two Zambian individuals acquired the property in the hope of re-starting the Mokambo Property but had inadequate capital to re-open the operation. They finally scavenged all the equipment on the property, thereby eliminating the value-added assets.
• In 2005, North Western Plant Hire (NWPH) acquired the Mokambo Property by acquiring a Small-Scale Mining Licence (SML 235). Survey beacons (monuments) were installed and four trenches were hand dug in 2005. Only one of them was sampled due to lack of money for the project.
• ICS Copper Systems Ltd. (ICS) signed a Heads of Agreement with NWPH on July 24th 2006, followed by an Option Agreement dated August 10, 2006 to develop the Mokambo Property.
Presentation: PDAC
MINERAL AND SURFACE RIGHTS
PP 142 & ML 235
20% North Western Plant Hire Ltd - NWPH
80% ICS Copper Systems Ltd
August 10, 2006
ICS Copper Systems Ltd (TSX:ICX)
http://www.icscopper.com/
http://www.icscopper.com/