Mosquito Consolidated Gold Mines Limited
TSX VENTURE : MSQ

Mosquito Consolidated Gold Mines Limited

July 07, 2008 09:00 ET

Mosquito Reports Surface Sample Results on Trikay, Australia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2008) - Mosquito Consolidated Gold Mines Limited (Mosquito) (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:



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Zone Cu (%) Au (g/t) Width (m) No. of Samples
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West Breccia #1 0.40 0.15 55.0 16
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West Breccia #2 0.30 0.07 22.3 4
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Rebound #1 0.33 0.04 15.0 3
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Rebound #2 1.69 0.32 5.0 2
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Rebound #3 1.29 0.22 4.0 1
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Rebound #4 0.40 0.15 8.0 2
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Quartz Breccia #1 0.36 0.16 8.0 2
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Copper Weed 2.12 0.31 1.6 10
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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.

Contact Information

  • Mosquito Consolidated Gold Mines Limited
    Brian McClay
    President
    (604) 689-7902
    (604) 689-7816 (FAX)
    Website: www.mosquitogold.com