Mosquito Starts 43-101 Resource Calculation on Cumo Molybdenum Project
(PressMethod) - Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., Exploration Manager and Director of Mosquito (CDNX:MSQ.V - News) and Mosquito's qualified person under National Instrument 43-101, has informed the board that Giroux Consultants of Vancouver, BC, has been contracted to perform a 43-101 resource calculation for the Cumo Molybdenum project. Giroux Consultants are very experienced in calculating large scale resource calculations having calculated resources for properties such as Davidson, BC (Thompson Creek), Galore Creek (Novagold), Gibraltar (Boliden), and Petaquilla (Adrian Resources).
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Data to be used in the calculation will consist of 4,110 samples (mainly 10 foot samples) in 34 drill holes completed by AMAX and Mosquito, a total of 206 density measurements (average 12.3 cu ft /ton), all check assays including blanks, standards, pulp reruns, resplits and inter laboratory checks, and 3D models for topography, faults and metal zones.
A block model consisting of 50 foot cubes on benches ranging at 50 foot intervals between 3600 foot and 6500 foot elevation has been produced. The model was created by placing a rectangle around the metal zonation model built in early 2007 in and around the area that has been drilled (Figure 1). The resulting rectangle is 6,950 feet in an east-west direction and 5,350 feet in the north south.
For each 50 foot block, on each of the benches; the % below the topographic surface, the % within each of two fault blocks, and the % of each of the three metal zones (Cu-Ag, Cu-Mo and Mo) have been assigned. Two fault blocks have been used that may effect the resource calculation. The vertical offset between fault block 1 and fault block 2 is 500 feet down on the east side.
Figure 1 shows current drill hole locations and 1000 ft radius polygons. This gives an indication of the area currently under investigation.
A geological volume and tonnage for each zone for blocks below topography has been produced using the average density 12.3 cu feet/ton, as summarized below:
Cu_Ag zone 27.32 billion cu ft or 2,688,113,736 tons
Cu_Mo zone 26.40 billion cu ft or 2,598,251,692 tons
Mo zone 19.61 billion cu ft or 1,930,022,827 tons
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TOTAL 73.33 billion cu ft or 7,216,388,255 tons
It should be emphasized that the above tonnages represent a volume of geological material not a resource estimate and should not be misconstrued as such. Tonnage is used only to give an idea of the volumes involved in the calculation and only a portion of the above 7.2 billion tons will be calculated in the current resource estimate. The number of blocks and thus the tonnage actually calculated will depend on the results of the geostatistical analysis produced by Giroux Consultants, which will indicate what parameters are used to calculate the geological resource.
The results of the resource calculation will be used to control the 2008 drill program such that areas of the geological block model, which do not make it into the resource calculation, will be targeted for drilling.
In other news, the metallurgical testing program is well underway. A total of 115 - 1/4 core samples divided into 3 metals zones, (25 samples from Cu-Ag, 41 samples from Cu-Mo and 49 samples from Mo zone) were selected, cut and delivered to SGS Mineral Services, Vancouver just before Christmas break and work started January 7, 2008. Work is estimated to take 12 to 14 weeks to complete.
Drilling is scheduled to resume on the Cumo Molybdenum project around the middle of April 2008 with a minimum of four (4) drill rigs on the property. The drilling will begin under the existing permit while the new 5 year exploration permit is being processed.
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
This news release was prepared by management who takes full responsibility for its contents.
To view Figure 1 please click on the following link: http://www.ccnmatthews.com/docs/msq0204.pdf
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:
Mosquito Consolidated Gold Mines Limited
Brian McClay
President
(604) 689-7902
(604) 689-7816 (FAX)
Website: http://www.mosquitogold.com
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