Canada One Identifies 2.5 X 2.5 Km Alteration Footprint ON the CM1 Copper Property, Princeton, British Columbia
#250 – 750 West Pender St.
Vancouver, British Columbia, V6C 2T7
CANADA ONE IDENTIFIES 2.5 X 2.5 KM ALTERATION FOOTPRINT ON THE CM1
COPPER PROPERTY, PRINCETON, BRITISH COLUMBIA
Vancouver, B.C., November 09, 2023 - Canada One Mining Corp. (“Canada One” or
the “Company”) (TSXV: CONE) (OTC: COMCF) (FSE: AU31) completed an orientation
field program on the CM1 Copper Property (“ CM1” or the “ Property”), a 1,054 Ha land
package that was recently added to Canada One’s Flagship Copper Dome Project (now
totaling over 5800 Ha). CM1 is contiguous with the Copper Dome Project, located
immediately south of Hudbay Mineral’s active Copper Mountain Mine near Princeton,
British Columbia.
Mr. Peter Berdusco, President and CEO of Canada One, commented: “Positive
indications for copper potential on CM1 include a large alteration footprint with intensely
quartz-sericite-pyrite altered intrusions which together represent a new and distinct
magmatic hydrothermal center adjacent to the Copper Mountain Mine. CM1 is highly
prospective for porphyry copper-gold mineralization and we look forward to executing a
systematic exploration program.”
CM1 Highlights
CM1 contains geological features consistent with the distal coppery porphyry setting and
has confirmed the potential for bulk copper-gold mineralization:
Alteration footprint measuring at least 2.5 by 2.5 kilometers
Favorable host rocks including Nicola Group mafic volcanic rocks
Quartz-sericite-pyrite altered quartz-feldspar porphyry intrusions
Property contains the Ox Copper Showing (disseminated chalcopyrite-magnetite)
Located 4 km south of the Hudbay Mineral’s producing Copper Mountain Mine
(1,132 Mt @ 0.22% Cu; 0.09 g/t Au; 0.64 g/t Ag; Total Measured and Indicated1,2)
Figure 1. Location of the newly optioned CM1, the Copper Dome Project and Copper
Mountain
Field Evaluation of CM1
An orientation field evaluation campaign was conducted on CM1 to examine alteration
and mineralization associated with the Nicola Group volcanic rocks and younger
intrusions. A total of 26 mapping station outcrops were reviewed and together outline an
alteration footprint measuring at least 2.5 x 2.5 kilometers defined by chlorite-epidote-
carbonate +/- pyrite with internal zones of quartz-sericite-pyrite alteration and zones of
calc-silicate skarn development (Figures 2 and 3).
Economic Geology of CM1
CM1 is underlain by Triassic-Jurassic Nicola group basalt-andesite composition volcanic
rocks which are intruded by hornblende-feldspar porphyry dikes that are interpreted to
belong to the Early Jurassic Copper Mountain stock of the Copper Mountain Intrusions to
the north. Recent field work has identified a large alteration footprint consisting of chlorite-
epidote-carbonate-pyrite altered Nicola Group mafic fragmental volcanic rocks. Locally,
carbonate-rich sedimentary rocks internal to the Nicola Group are altered to calc-silicate
skarn (garnet-pyroxene-epidote) (Figure 3). The Property is cut by quartz feldspar
porphyry dykes (diorite) which are overprinted by intense (texturally destructive) quartz-
sericite-pyrite alteration and are limonitic in exposed outcrops.
The Nicola Group is considered highly prospective and is host to porphyry copper-gold
deposits and mines in southern British Columbia including:
1- Copper Mountain Mine (Hudbay Minerals 3) immediately north of CM1
2- MPD Exploration/Development project north of Princeton (Kodiak Copper 4)
3- New Afton active block cave mine near Kamloops (Newgold 5) *
Figure 2. Geology and mineral occurrences of the Copper Mountain Mine (Hudbay
Minerals) and adjoining Copper Dome Project area including CM1 (Canada One Mining).
Figure 3. Examples of intense quartz-sericite-pyrite (and limonite) alteration (3A-3C) and
quartz vein stockwork development in Nicola Group Volcanic rocks (3D) from CM1.
References
1 Klue, R., Redmond, P., Alberto, L.C., Simonian, B., Humala, A., Weston, S., 2022.
COPPER MOUNTAIN MINE LIFE-OF-MINE PLAN AND 65 KT/D EXPANSION STUDY
UPDATE NI 43-101 TECHNICAL REPORT BRITISH COLUMBIA, CANADA. Report
Date: September 30, 2022. Effective Date: August 1, 2022.
2 The Copper Mountain Mine Mineral Resource Estimate includes a measured
resource 597 Mt @ 0.23% Copper, 0.10 g/t Gold, 0.71 g/t Silver, an Indicated resource
of 535 Mt @ 0.20% Copper, 0.09 g/t Gold, 0.57 g/t Silver and an inferred resource of 446
Mt @ 0.19% Copper, 0.09 g/t Gold, 0.54 g/t Silver
3 https://hudbayminerals.com/canada/default.aspx
4 https://kodiakcoppercorp.com/projects/mpd/
5 https://newgold.com/assets/#new-afton-mine
* The Company cautions that mineral deposits may not be present on CM1.
Qualified Person
All scientific and technical information in this news release has been prepared by, or
approved by Daniel MacNeil, PGeo. Mr. MacNeil is a qualified person for the purposes of
National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Contact Us
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
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