August 20, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — ICS Copper Systems, Ltd. (TSX Venture: ICX) said that it has signed a lease agreement with Timberwolf Minerals, Ltd., to acquire the lease rights over 100% of the Excelsior Springs Gold property in Esmeralda County, Nevada.

The Excelsior Springs Gold Prospect, including the Buster Mine, is located in west-central Esmeralda County, around 50 miles WSW of Goldfield, Nevada.

According to ICS, the prospect is located within a belt of Pre-Cambrian to Cambrian meta-sediments sandwiched between the Sylvania and Palmetto lobes of a suspected composite pluton.

The pluton and intruded meta-sediments are said by the company to host many small gold mines, placers, prospects and anomalous gold in rock that define a regional gold-rich belt of at least 700 sq. miles.

Excelsior Springs is centrally located within this gold belt. The Buster Mine, the main past producing mine on the patented claims, was discovered in 1872. Past production has been estimated by ICS’ sources at 18,000 tons at 1.2 opt gold.

Previous drilling in the 1980's suggested a shallow area of mineralization centrally located on the two patented claims.

ICS president and CEO Graham Chisholm said, "The Excelsior Springs gold prospect presents an interesting opportunity for ICS because of its past production of gold, the possibility of quickly defining an inferred resource from updating past drilling, and the potential it has for a significant gold discovery along strike and down dip.”

He said there is also “significant” blue sky potential as ICS tests the central Wyman domes for a potential porphyry gold deposit at depth.

Canada-based ICS Copper Systems engages in the acquisition, exploration, and development of mineral properties in Africa. It holds interests in various copper and gold exploration properties in Zambia and the Democratic Republic of Congo located in the Central African Copper Belt.

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