Ever hear of this Co... looks huge IMO:
Mosquito appoints Mr. Hongxue Fu of Beijing, China to Chairman of the Board
5:31 PM ET, October 1, 2009
VANCOUVER, Oct 01, 2009 /PRNewswire-FirstCall via COMTEX/ -- Mosquito Consolidated Gold Mines Limited (Mosquito - TSX Venture: MSQ) is pleased to announce the appointment of Mr. Hongxue Fu to Chairman of the Board.
Mr. Fu is an accomplished mining entrepreneur with worldwide experience in mining and business development. Currently he is President of International Energy and Mineral Resources Investment Company Limited (Hong Kong) ("IEMR"). IEMR is involved in international exploration and developments in energy and mining resources.
Mr. Fu is the control person of International Energy and Mineral Resources Investment (Hong Kong) Company Limited and Ivy Mining Inc which collectively own 11,173,333 shares and 2,083,333 warrants in Mosquito Consolidated Gold Mines Limited..
Mr Fu has extensive contacts in the mining industry both in China and throughout the world. As Chairman of the Board, Mr. Fu will provide Mosquito with valuable access to these contacts, as he devotes his time initially to the business development of the corporation with a particular focus on the Company's CUMO molybdenum-copper-silver deposit.
The CUMO mineral deposit currently contains a NI 43-101 compliant, 1.3 Billion tons indicated and 2.25 Billion tons inferred of open-pit accessible multi-element mineralization. This includes in the indicated category: 1.8 Billion pounds of molybdenum oxide ("moly"); 2.1 Billion pounds of copper; 90.8 Million ounces of silver; and 123.5 Million pounds of tungsten. In the inferred category it includes: 2.3 Billion pounds of moly; 3.3 Billion pounds of copper; 143.8 Million ounces of silver; and 158.9 Million pounds of tungsten. It is currently is the world's largest un-mined open pit accessible molybdenum deposit.
The Company also wishes to announce that further to its press release issued on June 1, 2009, the 43-101-compliant independent Preliminary Economic Assessment being conducted by Ausenco, an internationally recognized engineering firm headquartered in Brisbane, Australia, is in the final draft stages and is expected to be completed shortly.
Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., Exploration Manager and Director of Mosquito is the designated qualified person for the CUMO Project, and prepared the technical information contained in this news release.
On Behalf of the Board
