Mosquito Consolidated Gold Mines (MSQ-V) has released a technical report for its CUMO molybdenum-copper project in Idaho, outlining the details of the deposit, which contains 2.1 billion lbs. molybdenum and 1.4 billion lbs copper.
The deposit also contains 149.8 million oz. silver and 185.3 million lbs. tungsten.
Mosquito is sending five drills to the CUMO property to expand and upgrade the deposit, with drilling expected to begin in early May.
The deposit’s inferred mineral resource of 2 billion tons has been split into three mineralized zones; the copper-silver zone, the copper-molybdenum zone and the molybdenum zone.
The inferred resource for the copper-silver zone totals 292.9 million tons grading 0.016% molybdenum oxide, 0.14% copper, 3.5 parts per million silver and 36 ppm tungsten.
The copper-molybdenum zone and the molybdenum zone combined total 1.7 billion tons grading 0.091% molybdenum, 0.08% copper, 2.37 ppm silver and 47.7 ppm tungsten.
Assay results have shown significant amounts of rhenium and gallium, Mosquito reports, but due to lack of information with historical assays, they couldn’t be included in the inferred resource.
The resource was based on nearly 16,000 metres of drilling in 2006 and 2007 plus 22 historical diamond drill holes assays completed by AMAX between 1971 and 1981.
The report concluded that the current CUMO deposit consists of about 20% of a much larger mineralized system.
Because of this, the report recommends the company complete a three-phase exploration program.
The program would include 12,000 metres of infill drilling to expand and upgrade the current resources in the first phase and nearly 10,700 metres during phase two exploring the inferred large porphyry system beyond the area previously drilled at wide spacing. For phase three, another 2,400 metres would be drilled and a large bulk sample would be taken for additional metallurgical testing.
The phases can be conducted concurrently but phase two will require permit approval and construction of 3.2 km of temporary drill roads.
The estimated cost of the program is $14 million.
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