JUNIOR GOLD STOCK

CEOCFO-Members Login

2010

The Most Powerful Name In Corporate News and Information

Energy  |  Resources  |  Capital Goods |  Healthcare |  Financial  |  Technology  |  Communications |  Business Services

CURRENT ISSUE COVER ARCHIVES  |  INDEX  |  CONTACT  |  FINANCIALS |  SERVICES  | HOME PAGE

ICS Copper Systems Ltd Acquires 100% Of Excelsior Springs Goldmine In Nevada



Jr. Oil & Gas DBRM

Jr. Oil & Gas BEY

Jr. Oil & Gas MGWSF

Jr. Oil & Gas ATI

Jr. Oil & Gas FNR

Jr. Oil & Gas WPP

Jr. Oil & Gas XPL

Jr. Oil & Gas ATH

Oil Sands ATH

Light Sweet Crude XPL

Solar Energy CSKH

Renewable Energy CSKH

Wood Pellet VRD

Biofuels VRD

Wind Energy SENY

Green Technology SWHN

Clean Energy AEHI

Clean Technology SENY

Clean Technology TTEG

Clean Technology SYMX

Hydrogen Generators DYA

Energy Tech DYA

Energy-Tech ECNG

Environmental
Technology TOMZ


Environmental Technology AURT

Uranium ABE

Shale Gas ATI

Utica Shale ATI
 



Jr. Gold AEX

Jr. Gold ICX

Jr. Gold RCZ

Jr. Gold EXA

Jr. Gold FDN

Jr. Gold MAO

Jr. Gold EVG

Jr. Gold RYMM

Jr. Gold LAT

Paraguay Exploration LAT

Zinc SRZ

Precious Metals Extraction RYMM

Rare Earth ORE

Lithium LMR

Precious Metals AEX

Resources AUU

Mining GOZ
 



Capital Goods MNTX
 



Drug Development BPAX

Drug Development CTIX

Drug Development VICL

Drug Development RXII

Drug Development ANX

Drug Development NBS

Drug Development LLTP

Drug Development BPTH

Vaccine
Development VICL


Women's Health BPAX

Health & Wellness BTX

Health & Wellness SMEV

Health & Wellness WELL

Medical Device SFES

Medical Device
CSDT


Cancer Detection CSDT

Cancer Research CTIX

Cancer Research ANX


Regenerative Medicine PROT

Adult Stem Cell Research & Storage NBS

Stem Cell PROT

Stem Cell ISCO

Obesity Surgery SFES

GERD Surgery SFES

Biotechnology PVCT

Pharma URGP

 Autism Research CTIX

Animal Health BISU
 



Insurance MIG

Business Development WELL

Business Banks AMBZ

Commercial Banks CUNB

Commercial Banks CABC

Commercial Banks ECBE

Specialty Finance FSC

Specialty Finance GFIG

Specialty Finance FNR

Brokerage
Services GFIG


REIT TWO

REIT BDN
 



Technology ANDR

Video
Conference COWI


Telepresence COWI

Semiconducto LGL

Real Estate LCN

Infrastructure MRCR

Building Materials IBTGF

Fire Resistant Materials IBTGF
 



Business Services PRGX

Business Services CSPI


Business Services RKN

Business Services PMFI

Business Services AUXO

Business Services VSST

Business Services NSSI

Business Services GMT

Business Services ITEX

Business Services QIS
 



Canadian Resource LAT

Canadian Logistics GMT

Canadian Gold EVG

Canadian Oil ATH


Canadian Oil XPL

Canadian Biofuels VRD

Canadian Health
& Wellness BTX
 


 

Mr. Graham Chisholm, A.C.I.S.
President, Chief Executive Officer & Director

Mr. Chisholm is an Associate of the Chartered Institute of Secretaries and Administrators (Canada, South Africa and Zimbabwe) and has over 35 years experience in executive management, fifteen of which were in financial management including a four year expatriate contract as Group Financial Executive of the Mobil Oil agency in Swaziland. Mr. Chisholm founded Industrial Copper Systems Ltd, one of the largest importers of copper tube into Canada during the period 2000 to 2005.Industrial Copper subsequently installed and produced copper and cobalt at a pilot plant in DRC in 2005. Mr. Chisholm went on to found ICS Copper Systems Ltd, a publicly traded company on the TSX Venture exchange. (ICX: TSX.V).


Resources - Mineral Exploration
About ICS Copper Systems Ltd. (ICX-TSXV)

Suite 202, Yale Court Plaza
2526 Yale Court Road
Abbotsford BC Canada V2S 8G9
Phone: 604-859-3007

ICS Copper Systems Ltd (ICX:TSX.V) . is a Canada-based company with a special focus on gold. The company has a 100% lease over the Nevada based Excelsior Gold Mine as well as gold and copper/cobalt properties in Africa.

 

Interview conducted by: Lynn Fosse, Senior Editor, CEOCFOinterviews.com, Published – October 1, 2010


CEOCFO:
Mr. Chisholm, there have been some changes recently at ICS; would you give us an overview?

Mr. Chisholm: The focus today is our Nevada project, the Excelsior Springs Goldmine. ICS Copper Systems is a small Canadian listed TSX Venture exchange company with 32 million shares outstanding. This is the type of project that we like. 53 holes have been drilled on the property to date , it has great potential with an existing strike length of about 1000ft with potential to expand to about a mile, it was a past producing mine, and the Nevada area of course has had great success in the past, certainly the right country in which we would like to be situated.

 

CEOCFO: What is happening today on the ground?

Mr. Chisholm: I would like to back up a bit and give some history on the property. With over 53 holes being drilled there is a lot of digital data available including a 3D drill hole graphic and we are currently preparing a 43-101 report on the property. Over 36,000 tonnes of material has been removed from the site, grading just over one ounce per tonne. 26,000 tonnes of that was taken down to the Pigeon Springs mill, which was developed and they left behind roughly 10,000 tonnes of material in and around what we call the Buster Shaft and the Upper Shaft. What we want to do on the ground is to go in first of all and check this out, establish the tonnage and grade and also check out the tonnage and  grade of the tailings at the Pigeon Springs mill. Then I think the second step is to have our Technical Committee, led by metallurgist and Director Larry Treadgold, and assisted by geologist Dave Wolf, determine what the best course of action for ICS is. Do we continue with the drill program into the oxide or do we sink a deeper diamond core hole into the gold porphyry deposits, or do we have a look at the viability perhaps of a small heap leach using the material that is in and around the existing mines.

 

CEOCFO: Were you specifically looking for a gold project or was it opportunistic?

Mr. Chisholm: Given the fragile state of the world economy, the fact that American debt both personal and federal is $11 or $12 trillion in excess of America’s current GDP, obviously the concern is the fragility of the world economy. Obviously, the Keysian supply side economic package introduced under the Obama government hasn’t translated into employment and job creation. So we are seeing a slower moving economy that is affecting the rest of the world. We are also seeing increasing instability in that China is doing major deals avoiding the US dollar. So we believe that the US dollar will come under more pressure, and in a global world where uncertainty is the norm, fragility is the norm, and given that we are massively overpopulating the planet; today six billion is predicted to be ten billion by the year 2050, we believe that gold is going to be one of the last havens and refugees for quality money.

 

CEOCFO: Would you give us a sense of the history of management?

Mr. Chisholm: Mark Janser, who is our lead director is ex-UBS (Union Bank of Switzerland) specializes in management, strategic planning,   corporate deals, corporate financing, and corporate structure. Larry Treadgold is a world class metallurgist and has been in and around gold for many years. He was with Nickanor in DRC, which raised 400 million pounds in 2007. He is a gold expert with significant metallurgic expertise and we are very pleased to have people of this quality on the team together with a range of consulting geologists like Dave Wolfe, and the advices of our QP (qualified person) Ken Brook. Dave Wolfe in particular has been directing geological work at the Excelsior mine over the last 5 years so his advices will be valuable.

 

CEOCFO: What is the financial situation for ICS today?

Mr. Chisholm: We have sold $1.5 million worth of assets and the first tranche of USD $200,000 has been banked. Therefore, we are in a pretty good financial state at the moment. So we are happy with cash in the bank, a clean balance sheet and, we think, a very exciting project.

 

CEOCFO: So you are ready to go?

Mr. Chisholm: We are ready to go.

 

CEOCFO: How do you reach out to potential investors?

Mr. Chisholm: Typically, in the past we never have done this job well, reaching out to potential investors. Yes, we have met with brokers, we have different IR friends that approach us, but you never really know which ones are going to give you the best bang for your buck. We have had the experience where we paid good money and received poor feedback. So we actually stay with contacts within the industry and word of mouth. However, we may look at some kind of IR work down the road if we find a suitable partner.

 

CEOCFO: In closing, address potential investors, there are many resource companies to choose from; why does ICS stand out from the crowd?

Mr. Chisholm: ICS Copper Systems should stand out from the crowd because we have hands-on expertise and have a past history of small scale production of copper so we have in house metallurgical expertise. This means that we can possibly go to early cash flow from a small heap leach operation. So yes, small company, the niche that we have is a good fit within the company to create small cash flow within a short term period.


disclaimers

Any reproduction or further distribution of this article without the express written consent of CEOCFOinterviews.com is prohibited.

 


CEO Interviews,
Junior Exploration Stock,
Mining and Exploration Stock, gold and copper/cobalt properties in Africa

More headlines.....



Having Recently Restarted Production On Their Hitura Nickel Mine In Finland, For Very Low Capital Cost, Belvedere Resources Limited Is Well Positioned To Finance And Advance Their Future Gold Projects
(BEL-TSXV)


SOLA Resource Corp. Is In The Process Of Making An Acquisition That Will Change The Face Of The Company And Give Them 50% Interest In A Producing Mine In Rondônia State, Brazil, Where It Is 50% Manganese – A Rarity In That Market
(SL-TSXV)

 

From The Exploration And Production Of Lithium To Partnering For Manufacturing, Lomiko Metals Inc. Is Developing Into A Fully Integrated Battery Company
(LMR-TSXV)


Pan American Lithium Corp. Is Focused On Becoming One Of The First Companies To Bring A Lithium Project Into Production In Chile Atacama Region III
(PL-TSXV, PALTF-Pink Sheets)


Aura Silver Resources Inc. Is Well Positioned For Long Term Value With Good Grades With Large Sized Properties In Both Mexico And Nunavut, Canada
(AUU-TSXV)


In 3 Years, Gold Ore Resources Ltd. Has Taken Their Bjorkdal Gold Mine In Sweden From Processing Low-Grade Waste To A Fully Producing Gold Mine Delivering 40,000 Ounces A Year, With A Plus 4 Year Mine Life
(GOZ-TSXV)


 

KAT Exploration Is Focused On Bringing Their Precious And Base Metals Properties In Newfoundland To A Level Where They Can Do Feasibility Studies And Attract Joint Venture Partners
(KATX-OTCPK)

Become A Member!
JoinNow 

Access thousands of full-text Public Company CEO & CFO Interviews!

You Get - the future plans for your stock investment - Financing, Growth Strategy, Company Contact Information and more!

Stay ahead of the pack!

Become a CEOCFO Member
Now! Only $9.99

*One year subscription!*

 

   

 

 

ceocfointerviews.com does not purchase or make
recommendation on stocks based on the interviews published.