Mosquito Commences 2008 Drilling Program With CUMO Project
Monday June 9, 8:40 am ET
ca.us.biz.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 9, 2008 -- Mosquito Consolidated Gold Mines Limited (Mosquito) (CDNX:MSQ.V - News) 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
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.
Contact:
Contacts:
Mosquito Consolidated Gold Mines
Brian McClay
President
(604) 689-7902
(604) 689-7816 (FAX)
Website: mosquitogold.com
Source: Mosquito Consolidated Gold Mines Limited |
