Mosquito Consolidated Gold Mines Limited
100-1616 W. 3rd Ave.
Vancouver B.C.
V6J 1K2
1-800-667-0873 (toll free)
604-689-7902 (office)
604-689-7816 (fax)
info@mosquitogold.com
www.mosquitogold.com
MOSQUITO CONSOLIDATED GOLD MINES LTD.
MSQ-TSX-VENTURE
Tel: 604-689-7902 WWW.MOSQUITOGOLD .COM FAX: 604-689-7816
Mosquito Starts 2010 drilling program
With Hole 10-55, a 560 meter step out hole
Vancouver, August 17 2010 - Mosquito Consolidated Gold Mines Limited (Mosquito - TSX Venture: MSQ) is pleased to report it has started the 2010 diamond drilling program on the CuMo project. Hole 10-55 has been collared on the private land purchased recently (See news release July 19, 2010) and orientated due north dipping -65 degrees. The 563.8 meter (1850 foot) step out hole is designed to intersect both the southwest trending extension of the molybdenum mineralization and the down dip extension of the main east-west trending mineralization. It is the first in a series of geotechnical holes designed to determine the rock characteristics of the southern margin of the deposit.
At the current time, over 114.3 meters (375 feet) has been drilled. Coarse grained molybdenum bearing veins and fractures were first intersected at 58.5 meters (192 feet) in the hole, and these veins continue to be intersected. The intersection of the veins confirm the continuity of the molybdenum bearing surface veins found during surface examination of the old Baby Mine dumps located an additional 457.2 meters (1500 feet) to the southwest of the drill hole. (See attached figure.) Planned hole depth is between 1067 meters (3500 feet) and 1371 meters (4500 feet) depending on fault offsets of the molybdenum zone.
In other news, Mosquito is in the middle of the 30-day public comment period on the Environmental Assessment report produced by United States Forest Services that covers the next stage of exploration on the CuMo deposit. Mosquito?s team has attended all three public meetings to date and has been pleased with the public comments. CuMo appreciates the local support the project has received. Management is sensitive to environmental and local impact concerns, and is committed to conducting its operations in a manner that protects the environment and serves the community. Although the detailed schedule for delivery of the final decision to authorize further exploration on federal lands is still not set, the process is proceeding on track.
Mosquito is also continuing to negotiate with parties interested in partnering with Mosquito on funding the ongoing development of the CuMo project.
Finally, Mosquito is in the process of assembling a team of both local and internationally recognized, engineering, environmental, legal and public relations consultants and experts that will provide the expertise required to move this exciting project forward.
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
MOSQUITO CONSOLIDATED GOLD MINES LTD.
Brian McClay
President
About Mosquito Consolidated Gold Mines
Mosquito Consolidated Gold Mines Limited is a mining exploration and development company with a diverse portfolio of high potential precious and base metals projects. The Company's primary focus is developing its Idaho-based CUMO project, one of the world?s largest molybdenum deposits. For more information, please visit www.mosquitogold.com <http://www.mosquitogold.com> . To comment on the pending Environmental Assessment and for further resources visit www.cumoproject.com.
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX-VENTURE EXCHANGE does not accept responsibility for the adequacy or accuracy of this release.
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.
