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Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) (“Canada One” or the “Firm”) is happy to offer an exploration evaluate of the Mixture Creek Zone at its 100% owned Copper Dome Venture, (“Copper Dome”, “Venture” or “Property”), Princeton B.C.
COMBINATION CREEK ZONE HIGHLIGHTS
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Location: ~3.5 km south of the Copper Mountain Mine deposits
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Historic Drilling: 5,732m of diamond drilling in 22 holes2
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Dill Gap PT-12-26: 20.00m of 0.64% Cu, together with 14.00m of 0.86%, beginning at 141.00m and 145.00m, respectively.
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Drill Gap PT-11-18: 102.25m of 0.11% Cu, together with 6.00m of 0.25%, beginning at 3.28m and 74.00m, respectively.
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Drill Gap PT-10-06: 19.50m of 0.34% Cu, together with 4.50m of 0.36% Cu%, beginning at 106.50m and 121.50m, respectively.
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Drill Gap PT-11-21: 69.00m of 0.21% Cu, together with 12.00m of 0.49% Cu, beginning at 18.00m and 99.00m, respectively.
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Historic Seize Samples: returning as much as 1.97% Cu and 10.7 g/t Ag1
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Historic Chip Samples: averaging 0.563% Cu and three.6 g/t Ag over 5 m1
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Glorious Camp Setting: Intrusive-volcanic contacts beside an working mine
Peter Berdusco, President and CEO of the Firm commented: “The Mixture Creek zone supplies compelling proof of a mineralizing system extending south from Copper Mountain. Historic work has confirmed robust copper grades throughout a number of drill holes. The dimensions of veining, constant copper mineralization, and proximity to the Copper Mountain mine all recommend we could also be exploring inside the broader halo of a porphyry centre. As we advance our exploration mannequin, we see clear potential to stipulate a porphyry-style goal subsequent to an working mill.”
Mixture Creek Evaluate
The Mixture Creek Zone situated within the northeast nook of the Copper Dome Venture (See Determine 1: Location Map of the Copper Dome Venture) reveals stockwork veining related to altered volcanic and sedimentary rocks adjoining to the Copper Mountain inventory. Two historic mineral occurrences have been recognized on this space – The Marquis of Lorne and the Skagit 1 Fraction Zone, each of which exhibit robust structural controls on mineralization and sulphide improvement. Historic mapping and descriptions point out intense alteration characterised by assemblages of epidote-chlorite-Fe oxide ± albite, with pyrite-chalcopyrite and related malachite oxidation. The presence of albite and chalcopyrite inside the historically propylitic chlorite-epidote-pyrite alteration entrance means that this zone could symbolize a transition towards a higher-temperature potassic area of a porphyry system.
The very best mineralization within the Mixture Creek zone drilled up to now is present in a 70 to 100m broad part of Nicola volcanics extending at the least 250m east west, bounded to the north by the Copper Mountain Inventory and to the south by a rough pink feldspar porphyry syenite dyke.
Selective Historic Drill Outcomes
Drilling by the Firm in 2010, 2011 and 2012 within the Mixture Creek Zone returned the next highlighted intercepts (See Determine 2: Map of Mixture Creek Zone with Chosen Historic Drill Gap Areas and Outcomes (Cu):
- DDH PT-10-01: 20.00m of 0.28% Cu, together with 5m of 0.59% Cu, beginning at 27.50m.
- DDH PT-10-02: 47.50m of 0.19% Cu, together with 22.50m of 0.26% Cu, beginning at 37.00m
- DDH PT-10-06: 19.50m of 0.34% Cu beginning at 106.50m and 3.00m of 0.93% Cu beginning at 247m.
- DDH PT-11-16: 10.00m of 0.65% Cu beginning at 231m and 25.31m of 0.21% Cu beginning at 3.69m.
- DDH PT-11-18: 68.25m of 0.14% Cu beginning at 3.28m, together with 6.00m of 0.25% Cu beginning at 74m, and 6.00m of 0.29% Cu beginning at 313m.
- DDH PT-11-21: 69.00m of 0.21% Cu beginning at 18.00m, together with 12.00m of 0.50% Cu beginning at 99.00m.
- DDH PT-12-26: 20.00m of 0.64% Cu beginning at 141.00m, together with 14.00m of 0.86% Cu beginning at 145.00m.
Mineral Occurrences of the Mixture Creek Zone
Marquis of Lorne
The Marquis of Lorne prospect is underlain by the japanese facies of the Higher Triassic Nicola Group, composed primarily of mafic augite and hornblende porphyritic pyroclastics and flows. These are intruded by Early Jurassic Copper Mountain and Misplaced Horse intrusions-diorite, monzonite, and domestically pyroxenite and gabbro. Mineralization happens in shear zones inside andesitic and cherty tuffs, near the Copper Mountain inventory, usually inside 50m of its margin.
The very best-defined shear zone, situated 40m south of the inventory, hosts robust limonite, jarosite, and malachite alteration, with historic seize samples returning as much as 1.97% Cu and 10.7 g/t Ag, and chip samples averaging 0.563% Cu and three.6 g/t Ag over 5 m. A parallel shear zone 60m southwest returned 1.53% Cu and 17.1 g/t Ag in seize samples. Extra slim shears 200 m west-southwest present traces of chalcopyrite and malachite with albite alteration.
Skagit 1 Fraction
The Skagit No. 1 prospect shares related geology with Marquis of Lorne, being hosted within the Higher Triassic Nicola Group volcanic rocks intruded by the Copper Mountain and Misplaced Horse intrusions. The prevalence consists of a number of sulphide-rich shear zones and fractures in andesitic tuff and minor volcanic sediments, situated inside 60m of the Copper Mountain inventory. Mineralization consists of bornite, chalcopyrite, and malachite, with historic floor chip samples averaging 0.36% Cu and a couple of.3 g/t Ag over 10 m, and trench samples grading 0.28% Cu and a couple of.9 g/t Ag over 30 m.1
The property was mapped and sampled by Newmont (1970-71), Kidd Creek Mines (1983), and later Targa Sources (1986). After restricted exercise for 20 years, the Firm carried out a serious exploration program in 2010, together with 26.4 km of induced polarization and magnetometer surveys plus 5,732 metres of diamond drilling in 22 holes. Drilling intersected 0.21% Cu over 69 metres (DDH PT11-21), and geophysical information revealed a powerful (>35 ms) chargeability anomaly within the Nicola volcanics south of the Copper Mountain inventory, suggesting potential for porphyry-style copper-gold mineralization.1
Determine 1: Location Map of the Copper Dome Venture
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https://pictures.newsfilecorp.com/recordsdata/10074/271468_7db7363c94780a0e_002full.jpg
Determine 2: Map of Mixture Creek Zone with Chosen Historic Drill Gap Areas and Outcomes (Cu)
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https://pictures.newsfilecorp.com/recordsdata/10074/271468_7db7363c94780a0e_003full.jpg
About The Copper Dome Venture
Copper Dome is situated within the decrease Quesnel Trough porphyry belt, considered one of British Columbia’s most prolific mining districts. The Venture immediately adjoins Hudbay Minerals Inc.’s (TSX: HBM) producing Copper Mountain Mine to the north which hosts Confirmed and Possible Reserves of 702 million tonnes grading 0.24% Cu, 0.09 g/t Au, and 0.72 g/t Ag (hudbayminerals.com). A number of mineralized zones have been recognized throughout the Property, with historic drilling confirming high-grade copper related to northeast-trending constructions just like these internet hosting mineralization at Copper Mountain.
The Venture advantages from glorious infrastructure, enabling year-round entry, cost-efficient exploration, and a steady, low-risk jurisdiction.
Historic Work Accomplished
- Geophysics: 51 km of induced polarization (IP); airborne magnetic and electromagnetic (EM) protection over ~50% of the Property
- Sampling: 2,253 soils and 378 rocks collected
- Drilling: 8,900+ m of diamond drilling
- Trenching: Over 1 km excavated
With a five-year drill allow in place, the Firm is concentrated on advancing the Venture towards drill-ready goal definition.
About Canada One
Canada One Mining Corp. is a Canadian junior exploration firm centered on copper-the important metallic powering the worldwide power transition. The Firm advances tasks from discovery via useful resource definition with disciplined, data-driven exploration and accountable practices. Its flagship Copper Dome Venture, close to Princeton, British Columbia, targets a porphyry copper-gold system in a Tier-1 jurisdiction. Canada One goals to ship sustainable development and long-term worth for shareholders and native communities.
Acknowledgement
Canada One acknowledges that the Copper Dome Venture is situated inside the conventional, ancestral and unceded territory of the Smelqmix Individuals. We acknowledge and respect their cultural heritage and relationship to the land, honoring their previous, current and future.
Certified Particular person
The technical data contained on this information launch has been reviewed and permitted by David Mark, P.Geo., an impartial Certified Particular person for the needs of Nationwide Instrument 43-101.
Historic Sampling
The sampling was accomplished to the requirements of the time and is taken into account “historic” in nature and isn’t NI43-101 compliant and can’t be relied upon. The outcomes are listed right here to indicate why the Firm is on this space. Future work and drilling could not repeat related outcomes.
Notice 1: Mark, (2024), Exploration Report on MMI Soil Sampling, Rock Sampling and Backpack Drilling on the Copper Dome Property Copper Mountain Mine Space Similkameen Mining Division, British Columbia, AR 41492, pages 14-15.
Notice 2: St. Clair Dunn, (2011), Report on 2010-2011 Drilling and Geophysical Packages on the Princeton Property, AR 33070, pages 12-19
Ahead-Wanting Statements
This press launch consists of sure “forward-looking data” and “forward-looking statements” (collectively “forward-looking statements”) inside the which means of relevant Canadian securities laws. All statements, apart from statements of historic reality, included herein, with out limitation, statements referring to the longer term working or monetary efficiency of the Firm, are ahead wanting statements. Ahead-looking statements are steadily, however not all the time, recognized by phrases equivalent to “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “doable”, and related expressions, or statements that occasions, situations, or outcomes “will”, “could”, “may”, or “ought to” happen or be achieved. Ahead-looking statements on this press launch relate to, amongst different issues: statements referring to the anticipated timing thereof and the supposed use of proceeds. Precise future outcomes could differ materially. There may be no assurance that such statements will show to be correct, and precise outcomes and future occasions may differ materially from these anticipated in such statements. Ahead wanting statements replicate the beliefs, opinions and projections on the date the statements are made and are primarily based upon plenty of assumptions and estimates that, whereas thought-about affordable by the respective events, are inherently topic to important enterprise, technical, financial, and aggressive uncertainties and contingencies. Many components, each identified and unknown, may trigger precise outcomes, efficiency or achievements to be materially totally different from the outcomes, efficiency or achievements which are or could also be expressed or implied by such forward-looking statements and the events have made assumptions and estimates primarily based on or associated to many of those components. Such components embody, with out limitation: the timing, completion and supply of the referenced assessments and evaluation. Readers mustn’t place undue reliance on the forward-looking statements and data contained on this information launch regarding these occasions. Besides as required by legislation, the Firm doesn’t assume any obligation to replace the forward-looking statements of beliefs, opinions, projections, or different components, ought to they alter, besides as required by legislation.
TSX Enterprise Change Disclaimer
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
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