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Mr.
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 rocksQuartz-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)
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Figure 1. Location ofthe newly optioned CM1,the
Field Evaluation of CM1
An orientation field evaluation campaign was conducted on CM1 to examine alteration and mineralization associated with the
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
1-
2- MPD Exploration/Development project north of
3- New Afton active block cave mine near
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Figure 2. Geology and mineral occurrences of the
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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.,
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
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 mineraldeposits may not be present on CM1.
Qualified Person
All scientific and technical information in this news release has been prepared by, or approved by
Contact Us
For further information, interested parties are encouraged to visit theCompany’s website atwww.canadaonemining.com, or contact the Company by email atir@strategixir.com,or by phone at 1.877.844.4661.
On behalf of the Board of Directors of
President and Chief Executive Officer
Forward-Looking Statements
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