Mosquito Announces High Grade Silver Intersection At Pine Tree

VANCOUVER - Mosquito Consolidated Gold Mines Limited reported excellent results from hole PT08-19 at its Nevada-based Pine Tree copper/molybdenum project.
Hole PT08-19 is vertical hole drilled to a depth of 281.9 meters (925 feet). The hole is designed to examine the copper mineralized zone that lies to the south of the molybdenum mineralization area. It is the first of a series of holes that will cover the eastern side of the deposit. Hole PT08-19 intersected the copper-bearing skarn mineralization between 137.2 meters (584 feet) and 215.2 meters (810 feet) before entering the basal Cinnabar thrust. As expected, no molybdenum was intersected. Assay results returned include:
Hole PT08-19
68.9 meters (226 feet) grading 1.90% Cu Eq.
(0.24% Cu, 191.1 gms Ag/tonne (5.57 oz/ton))
Including
10.4 meters (34.0 feet) grading 10.69% Cu Eq
(0.83% Cu, 1252.2 gms Ag/tonne (36.5 oz/ton), 0.33% W)
Previously announced holes were concentrated on the western block of the deposit. Hole PT08-19 is the first hole in the eastern block which, in addition to the regular skarn-style mineralization, intersected copper-silver--tungsten rich mineralization previously not seen on the property. Figure 1 shows the location of the hole, while figure 2 shows the longitudinal section with the future drills holes that are planned.
Drill core samples were cut in half using a diamond saw. Half the core was sent for analysis and the other half has been kept and stored at the core facility located on site. Following cutting, the samples were picked up directly by ALS Chemex personnel and delivered to their fully accredited analytical laboratory in Reno, Nevada. They were first analyzed for 47 elements using a four (4) acid digestion with analysis by Inductively Coupled Argon Plasma Optical Mass Spectrometer (ICP-MS). Copper and Molybdenum bearing samples were then checked by using a larger five gram sample and analyzed using pressed powder pellet X-Ray Fluorescence Spectroscopy (XRF). In addition, duplicates, blanks, and standards were analyzed to ensure analytical accuracy and reproducibility. All rejects are being kept for further analysis and for use in metallurgical testing.
Mineralization consists of copper, silver, tungsten and gallium. Due to the lack of molybdenum, only a copper equivalent has been calculated for the intercepts. In addition, due to the recent drop in commodity prices, prices used in the equivalent calculation have been adjusted. The presence of this new silver-rich style of mineralization is very significant in terms of the development of the Pine Tree property, especially considering the area being drilled was considered low grade.
Currently, no drills are working at Pine Tree in order to concentrate drilling on the Company's CUMO property. Drilling should resume early in the New Year.
The company's address is Suite 100 - 1616 West 3rd Avenue, Vancouver, BC V6J 1K2, (604) 689-7902, fax: (604) 689-7816.