Canada One Acquires Goldrop Property WEST of Copper Mountain MINE, Princeton, British Columbia
CANADA ONE MINING CORP.
#250 – 750 West Pender St.
Vancouver, British Columbia, V6C 2T7
CANADA ONE ACQUIRES GOLDROP PROPERTY WEST OF COPPER MOUNTAIN
MINE, PRINCETON, BRITISH COLUMBIA
Vancouver, B.C., December 13, 2024 - Canada One Mining Corp. (“Canada One” or
the “Company”) (TSXV: CONE) (OTC: COMCF) (FSE: AU31) is pleased to announce it
has entered into an agreement (the “Agreement”), dated December 12, 2024, pursuant
to which the Company has agreed to acquire (the “ Acquisition”) the Goldrop claim
(totalling 42 hectares) (the “ Property”) from an arm’s length vendor . The Property is
located 4KM west of Copper Mountain Mine’s Ingerbelle deposit, Princeton, British
Columbia.
The Agreement provides for the Acquisition of the Propert y for a nominal cash only
consideration.
The Acquisition does not involve any Non-Arm’s Length Parties (as defined in the policies
of the Exchange) to the Company. In connection with Acquisition, the Property does not
have any material liabilities and the Company does not expect to assume any material
obligations related to the Property, nor does it expect to devote the majority of its working
capital or resources to the development of the Property.
The primary focus of the Company at this time continues to remain the planned
exploration and drilling work at Copper Dome Central. As a result, the Acquisition does
not constitute a “fundamental acquisition” for the Company within the policies of the
Exchange.
No finders’ fees or commissions are payable in connection with the Acquisition.
The Company also announces it will not be proceeding with the private placement
previously announced on July 09, 2024. The Company will revisit financing options and
evaluate market conditions in the new year.
Copper Dome Project
• The Project lies within the lower portion of the Quesnel Trough porphyry belt, a
well-established mining district. The belt extends north from the Copper Mountain
Mine, through the Elk, Brenda, Craigmont, Highland Valley, and New Afton mines
• Previous drilling has confirmed the presence of high-grade copper associated with
northeast running geological structures similar to those seen at the Copper
Mountain Mine
• Past exploration has identified the presence of palladium (Pd), platinum (Pt) and
gold (Au) mineralization on the Property
• Multiple zones of mineralization have been discovered on the Property to date
• Excellent infrastructure provides year-round access with low-cost exploration and
low jurisdictional risk
• Past exploration includes, airborne magnetics flown over the entire Project, 51km
of induced polarization (IP) surveyed over areas of interest, Airborne Magnetics
and electro-magnetics (EM) surveyed over half of the Project area, 2,253 soil and
378 rock samples collected , over 8900m of diamond drilling and over 1km of
trenching
For further information, interested parties are encouraged to visit the Company’s website
at www.canadaonemining.com, or contact the Company by email at [email protected],
or by phone at 1.877.844.4661.
On behalf of the Board of Directors of
CANADA ONE MINING CORP.
Peter Berdusco
President and Chief Executive Officer
Forward-Looking Statements
This press release includes certain "forward -looking information" and "forward -looking statements" (collectively "forward -looking
statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact,
included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward
looking statements. Forward-looking statements are frequently, but not always, identified by words such as "exp ects", "anticipates",
"believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results
"will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things:
statements relating to the anticipated timing thereof and the intended use of proceeds. Actual future results may differ mate rially.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially
from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions and projections on the da te the
statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective
parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies . Many
factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made
assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion
and delivery of the referenced assessments and analysis. Readers should not place undue reliance on the forward-looking statements
and information contained in this news release c oncerning these times. Except as required by law, the Company does not assume
any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except
as required by law.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release.