Mosquito Reports Surface Sample Results on Trikay, Australia
July 07 2008 - 9:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: MSQ) is pleased to
report excellent results from surface samples collected on its
Trikay Iron-Oxide Copper Gold project, located in the prolific
Mount Isa Inlier of Australia.
A total of 134 rock geochemical samples were collected in early
2008 by Dr. Matt Ball, PhD, P.Geo., Senior Geologist and Director
of Mosquito and delivered to ALS Chemex in Mount Isa for analysis
of a multi-element suite including copper and gold. The samples
were of mineralized zones containing visibly abundant copper oxide
mineralization (malachite). Channel samples were chipped from
mineralized outcrops over lengths ranging from 0.5 to 10.0 meters
to obtain representative average grades of mineralization.
The results show that significant grades are present over large
widths. Individual samples ranged from 0.1% to 10.1% Cu over a 0.5m
width, 0.1 to 1.66 g/t Au over 3.0m width, and 0.1 to 15.7 g/t Ag
over 1.5 meter width. Average grades over multiple sample traverses
are given in the table below:
--------------------------------------------------------------------
Zone Cu (%) Au (g/t) Width (m) No. of Samples
--------------------------------------------------------------------
West Breccia #1 0.40 0.15 55.0 16
--------------------------------------------------------------------
West Breccia #2 0.30 0.07 22.3 4
--------------------------------------------------------------------
Rebound #1 0.33 0.04 15.0 3
--------------------------------------------------------------------
Rebound #2 1.69 0.32 5.0 2
--------------------------------------------------------------------
Rebound #3 1.29 0.22 4.0 1
--------------------------------------------------------------------
Rebound #4 0.40 0.15 8.0 2
--------------------------------------------------------------------
Quartz Breccia #1 0.36 0.16 8.0 2
--------------------------------------------------------------------
Copper Weed 2.12 0.31 1.6 10
--------------------------------------------------------------------
Detailed geological mapping (1:1000 scale) indicates the
copper-gold mineralization is associated with breccia zones and
veins developed in hydrothermally altered schist of the Corella
Formation. The breccia zones are extensive, with the largest
mineralized zone defined to date extending up to 55 meters wide and
180 meters along strike (West Breccia). Located 300 meters east of
this is another broad zone, measuring 65 meter wide and 300 meters
along strike, that envelops numerous outcrops of mineralized
breccia and magnetite-bearing schist, (Rebound). Copper-gold
mineralization is also present in carbonate veins and other
structural zones. The Copper Weed zone is an example of this type,
with a 110m strike length defined by cross trenches.
Overall, these results demonstrate that significant copper-gold
mineralization is present in large mineralized zones on the Trikay
property. Follow-up sampling and/or drilling is the next logical
step to evaluate the extent and continuity of the copper-gold
mineralization.
Dr. Matt Ball, PhD, P.Geo., Senior Geologist and Director of
Mosquito is the designated qualified person for the TRIKAY 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
Founded in 1971 and headquartered in Vancouver, Canada, Mosquito
Consolidated Gold Mines Limited (www.mosquitogold.com) 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 the development of its Idaho-based CUMO
deposit, recognized as one of the largest molybdenum-copper
porphyry deposits in the world, and its Nevada-based Pine Tree
porphyry copper-molybdenum-silver project.
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.
Contacts: Mosquito Consolidated Gold Mines Limited Brian McClay
President (604) 689-7902 (604) 689-7816 (FAX) Website:
www.mosquitogold.com
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