CuMo Project
The CuMo Project is situated in the mountains of south-central Idaho. Good, all-weather highway and logging roads provide year-round access from Idaho City, located approximately 14 miles southwest of the property.
The deposit was discovered by AMAX Exploration Inc. (AMAX) in 1963 and was explored by AMAX and joint venture partners including AMOCO Minerals and Climax Molybdenum who completed multiple stages of exploration beginning in 1968 and continuing through 1982. This exploration included geological mapping, geochemical surveys, geophysical surveys, 36,022 feet of diamond drilling and a computer-generated block model geologic reserve calculation.
In the fall of 2004, Mosquito Consolidated Gold Mines Limited acquired the rights to the CuMo claim group from CuMo Molybdenum Mining Inc.
Since 2004, Mosquito has increased the footage drilled to 99,373.5 feet in 54 holes, and has completed two resource calculations and a metallurgical test program.
In February, 2011, the U.S. Forest Service approved a comprehensive Environmental Assessment of the area proposed for exploration. The project will now proceed with the construction of 10.2 miles of new temporary roads and up to 137 drill sites.
|