Mosquito Consolidated Gold Mines (MSQ.V) is “One to Watch”

By @ibtimes on

Mosquito Consolidated Gold Mines Limited is a Canadian natural resource exploration and development company. Trading on the TSX Venture Exchange, the Company has a diverse portfolio of precious and base metals projects in high return, low political risk environments in North America and Australia. The Company has their corporate headquarters in Vancouver, British Columbia.

After assuming control of Mosquito Creek Gold Mining Limited in 1987, Mosquito Consolidated management explored surrounding properties. They immediately secured rights to two additional claim groups. These were Island Mountain and Cariboo Gold Quartz. The three properties comprise the Cariboo Gold Project currently, and remain reliable assets in the Company’s portfolio. In 1994, Mosquito Gold optioned 50 percent interest in the Cariboo Gold Quartz claim group to International Wayside Gold Mines Limited.

Over the next decade, Mosquito Consolidated purchased or optioned high-potential properties in low political risk environments in North America and Australia. Mosquito Consolidated Gold Mines today has a well-researched, diverse portfolio of high-potential gold, molybdenum, copper, and aggregate projects. Valuable rhenium, indium and gallium by-products underscore these.

Mosquito Consolidated Gold Mines’ focus is the development of their Idaho-based CUMO deposit. This deposit has recognition as one of the largest molybdenum-copper-silver porphyry deposits in the world. Mosquito owns 100 percent interest with only 23 percent of the deposit drilled to date. The Company’s focus is also on their Nevada-based Pine Tree porphyry copper-molybdenum-silver project. In addition to Mosquito’s molybdenum projects which have multi-element features (copper, silver and gold), the Company also has significant gold projects in historically prolific regions in British Columbia, Ontario, and Nevada.

Last November, Mosquito reported receipt of the completed National Instrument 43-101 technical report on their Idaho-based CUMO molybdenum-copper project and their filing with SEDAR (www.sedar.com). Because of detailed examination of the 43-101 report, Mosquito has decided to proceed to feasibility targeting an initial production rate of 125,000 short tons per day with an additional 50,000 short tons per day added at or after year seven. CUMO is currently the largest, unmined, open-pit molybdenum deposit in the world.

The design of all future drilling, engineering, and environmental studies will be to outline the data and information required to produce a bankable feasibility study. Mosquito is currently negotiating with several major parties interested in funding the future development of the CUMO project.

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