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ICS Acquires 100% of Excelsior Springs Gold Property (Nevada)

Geschrieben am 19-08-2010

Abbotsford, Canada, August 19, 2010 (ots/PRNewswire) - ICS Copper
Systems Ltd. is pleased to announce that it has signed a lease
agreement with Timberwolf Minerals Ltd to acquire the lease rights
over 100% of the Excelsior Springs Gold property in Esmeralda County,
Nevada, USA.

History
-------

The Excelsior Springs Gold Prospect, including the Buster Mine,
is located in west-central Esmeralda County, NV, approximately 50
miles WSW of Goldfield, Nevada. The prospect is located within a belt
of Pre-Cambrian to Cambrian meta-sediments sandwiched between the
Sylvania and Palmetto lobes of a suspected composite pluton. The
pluton and intruded meta-sediments host many small gold mines,
placers, prospects and anomalous gold in rock that define a regional
gold-rich belt of at least 700 sq. miles. Excelsior Springs is
centrally located within this gold belt. The Goldfield District, with
a past production of +10 million ounces gold, lies approx. 45 miles
east-northeast of the property. The Tonopah District, with a past
production of 2 million ounces gold and 100 million ounces silver,
lies approx. 65 miles northeast.

The Buster Mine, the main past producing mine on the patented
claims, was discovered in 1872. Past production has been estimated at
18,000 tons at 1.2 opt gold. The Buster Shaft is 235 ft. deep, with
workings on the 75 ft., 125 ft., and 175 ft. levels. The mine has
1540 ft. of accessible drift, mostly on the 75 ft. and 125 ft.
levels. The Upper Shaft, located 750 ft. east of the Buster, is 155
ft. deep with at least 320 ft. of drift on the 130 ft. and 150 ft.
levels.

A 1986 evaluation estimated the volume of material removed from
the underground workings on the Buster to be at least 36,000 tons. A
detailed calculation of the Buster dump completed in 1986 indicates
some of this tonnage still remains on the dump.

Recovery from the stamp mill that treated the Buster production
was reportedly in the 80-90% range, leaving unrecovered gold still in
the mill tailings.

Two phases of exploration drilling of 22 holes (9700ft) by Walker
Lane Gold LLC in 2006-2007, identified the near-surface Buster Mine
gold zone, occurring primarily on patented claims, that is approx.
150-200 ft wide and +1,000 ft. long, apparently dipping to the south.
The zone has only been tested to a depth of approx. 200-250 ft.
Evolving Gold acquired the property in 2008 and completed a first
round of drilling in the early summer, 2009. (8 holes - 4320ft).

Including prior unsubstantiated drill results, the zone now has
over a dozen intercepts of 50-200 ft. of .01 to .08 opt Au. The best
intercepts are 110' (at) .07, 90' (at) .08, 175' (at) .03, and 215'
(at) .02 opt Au, and 160' (at) .04 opt. No barren holes have been
drilled within the zone. Silver is generally less than 0.5 opt, but
can run as high as 2-3 opt.


In total, 53 RC drill holes have been completed to date.
Results are as follows:
Total Holes Drilled (equal sign) 53
Mineralized Holes 62% (equal sign) 33 with (greater than or equal to) 10
ft. of .01 opt Au
Higher Grade Holes 32% (equal sign) 17 with 50-215 ft. of .015-.08 opt
Au.


BUSTER ZONE - Total drilling to date suggests a potential mineral
deposit with a potential range of approximately 800,000 to 1,000,000
tons with a potential grade ranging approximately .020 to .03 opt Au,
for a potential estimate deposit ranging between of 16,000 - 30,000
oz Au that is to be the target of further exploration. The estimated
deposit starts at the surface, and is thoroughly shattered and
oxidized. 43-101 disclosure- "The potential quantity and grade is
conceptual in nature, there has been insufficient exploration to
define a mineral resource and that it is uncertain if further
exploration will result in the target being delineated as a mineral
resource".

Future drill programs
---------------------

ICS is considering two additional drilling programs to seek
additional zones of near surface oxidized gold mineralization similar
to the Buster Zone.

The first drill program would be to find near surface material
amenable to a heap leach or agitated leach process that could be
quickly put into production. This would be added to the existing
surface material in and around the Buster and Upper shafts and the
tailings from the Pigeon Springs mill located 5ks off the property. A
preliminary economic analysis will be undertaken to ascertain the
viability of leaching, refining and electrowinning this product.

The second goal would be to drill several deeper vertical holes
to test several domal features for potential gold mineralization at
depth. The main zone of gold identified to date suggests a porphyry
scenario in that at least 60% of all intrusion-related gold deposits
occur in major structural zones.

The company has requested a geological review of the Excelsior
Springs gold prospect, the related project data, and has requested
the preparation of a technical summary of the Excelsior Springs
property. This report would be prepared under the guidelines of
National Instrument 43-101 for submission as a Technical Report to
the TSX Venture Exchange ("TSX") and the BC Securities Commission
("BCSC") in support of the property acquisition and for annual
information filing requirements. This report will be provided in due
course.

Subsequent to the above report a resource estimate would be
conducted.

Geological overview
-------------------

At Excelsior Springs, a structurally uplifted window of lower
Cambrian to Pre-Cambrian metasediments is exposed through overthrusts
of Ordovician Palmetto limestone. The uplift exposed the major E-W
Excelsior Springs structural zone. Superimposed in this structural
zone is a 10,000 - 12,000 ft. E-W zone of alteration, structural
shearing and brecciation, and locally highly anomalous (2-20 g/t)
gold mineralization. The altered zone varies from 1,000 ft. to 1,800
ft. wide.

Previous drilling in the 1980's suggested a shallow area of
mineralization centrally located on the two patented claims. Down-dip
and E-W extensions were, at that time, not tested, drill tested or at
best poorly tested, due to a lack of geologic input into the drilling
programs. The zone of mineralization appears to extend eastward
beneath a shallow thrust sheet of Harkless shale that exhibits
intense alteration and moderate to strong quartz breccia development,
associated base metal mineralization, and limited weak gold
geochemistry. Similarly, to the west of the area of concentrated
prior drilling, a second untested zone of quartz-gold-base metal
mineralization, with 5-15 g/t Au anomalies, from rock chip samples,
has been identified.

The gold mineralization indicated by prior un-substantiated
drilling in the 1980's, occurs within a structural zone approximately
8,000 ft. long E-W, possibly extending under shallow pediment cover
to the west. Selection of drill holes as follows:


-------------------------------------------------------------------------
Hole No. From To True Width Total Gold Total Gold
(ft) (ft) Interval (ft) Opt g/t
-------------------------------------------------------------------------
EX-30 including 235 395 160 .04 1.37
------------------------------------------------------------------
EX-34 including 275 300 25 .023 .80
------------------------------------------------------------------
EX-25 including 70 125 55 .026 .89
------------------------------------------------------------------
EX-2 including 230 340 110 .07 2.40
------------------------------------------------------------------
EX-4 including 120 260 140 .015 .51
------------------------------------------------------------------
EX-12 including 0 55 55 .025 .86
-------------------------------------------------------------------------
EX-13 including 0 50 50 .07 2.40
------------------------------------------------------------------
EX-14 including 10 155 145 .011 .377
------------------------------------------------------------------
EX-15 including 0 215 215 .02 .685
------------------------------------------------------------------
EX-17 including 90 145 55 .02 .685
------------------------------------------------------------------
EX-18 including 90 265 175 .03 1.02
-------------------------------------------------------------------------
TA-1 including 75 175 100 .017 .58
------------------------------------------------------------------
TA-3 including 5 60 55 .043 1.47
------------------------------------------------------------------
TA-4 including 30 70 40 .026 .89
------------------------------------------------------------------
TA-11 including 0 50 50 .049 1.68
-------------------------------------------------------------------------
88-06 including 0 90 90 .08 2.74
------------------------------------------------------------------
88-08 including 0 125 125 .03 1.02
------------------------------------------------------------------
-------------------------------------------------------------------------


President and CEO Graham Chisholm comments: "The Excelsior
Springs gold prospect presents an interesting opportunity for ICS
because of its past production of gold, the possibility of quickly
defining an inferred resource from updating past drilling, and the
potential it has for a significant gold discovery along strike and
down dip. There is also significant blue sky potential as we test the
central Wyman domes for a potential porphyry gold deposit at depth."

Robert Thomas, CPG. a qualified person (QP) as defined by
National Instrument 43-101, supervised the preparation of the
technical information in this news release.

ICS COPPER SYSTEMS LTD.

"Graham Chisholm"

Graham Chisholm, President & CEO

This release includes certain statements that are
"forward-looking statements". All statements in this release, other
than statements of historical facts that address future exploration,
development and production activities, and other circumstances,
events and developments that the Company expects, are forward-looking
statements. Although management believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance, and actual results, events and developments may differ
materially from those in the forward-looking statements. The
occurrence of certain risk factors, the probability of which is
unknown, may also affect actual results, events and developments
expected by the Company.

Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.

For further information: For further information: Graham
Chisholm, graham@icscopper.com, Office: +1(604)859-3007, Cell:
+1(604)302-0746; Jeannette Durand, jeannette@icscopper.com; Web Page:
http://www.icscopper.com

ots Originaltext: ICS Copper Systems Ltd
Im Internet recherchierbar: http://www.presseportal.de

Contact:
CONTACT: For further information: For further information:
GrahamChisholm, graham@icscopper.com, Office: +1(604)859-3007,
Cell:+1(604)302-0746; Jeannette Durand, jeannette@icscopper.com.


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