TORONTO, ONTARIO–(Marketwired – Nov. 14, 2016) – Copper One Inc. (“Copper One” or the “Company”) (TSX VENTURE:CUO) is pleased to announced the details of its first drilling program to be conducted on its 100%-owned copper-rich Rivière Doré property, located 150 kilometres southeast of the prolific mining district of Val d’Or, Quebec. The Company has designed an initial 2,000 metre drilling program, which it expects to commence in the coming weeks. The Company submitted its applications for the requisite permits to the appropriate Government of Quebec ministries on October 10th, 2016. A contract has been awarded to Orbit Garant Drilling Inc. (“Orbit Garant”), based in Val d’Or, who will mobilize its equipment and team as soon as the permits have been granted to the Company. The Company expects to receive the requisite permits shortly.
The initial 2,000 metre drill program will utilize two diamond drill rigs to target two primary areas, the Hopkins and Bruges showing areas which include nine high priority targets (see Figure 1). Forty-two priority targets have been identified via geophysical anomalies in combination with known mineralization at surface. The Company intends to design a follow up exploration program for 2017 to pursue all the identified targets as well as step out drilling on the initial drilling should results dictate.
Scott Moore, Chairman, President and CEO of Copper One, commented, “We are very excited to begin exploration drilling on our Rivière Doré property. We have been working extensively on preparation for initial drilling since our claim suspension was lifted in July of this year. Previous surface exploration in combination with geophysics over our 600km2 claim package demonstrate the prospectivity of the area and we are pleased to begin drilling to unlock the potential of this property.”
To view Figure 1 – Drilling Program Targets, Hopkins and Bruges Lake, please visit: http://media3.marketwire.com/docs/1076289f1.JPG
Qualified Person
Mr. Kevin Wells, B.Sc., P. Geo., is Manager of Exploration for Copper One, and a “qualified person” as such term is defined in National Instrument 43-101. Mr. Wells has reviewed the technical information and data included in this press release and approved of its contents.
About Copper One Inc.
Copper One is a Canadian-based mineral exploration company focused on its 100%-owned Rivière Doré Project, a copper and nickel rich property located south-east of Val-d’Or, Quebec, a region ranked as one of the top mining jurisdictions in the world. The 60,000-hectare property covers the base of an 80 kilometre-long anorthosite complex, known to provide host rock for copper, nickel and platinum group of elements.
Copper One trades on the TSX Venture Exchange under the symbol “CUO”.
For further information, please visit www.copperone.com.
About Orbit Garant Drilling Inc.
Orbit Garant Drilling Inc. is one of Canada’s largest mineral drilling companies, providing services to major, intermediate and junior mining companies through all stages of exploration, development and production. Regardless of the location, terrain, climate, geology or soil, our team meets our client’s specific requirements by providing them with the samples they need.
Forward-looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Company’s exploration program, the ability of the Company to obtain the necessary permits, the results of the Company’s exploration program, the impact of the engagement of Orbit Garant, the potential of the Rivière Doré property and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Copper One, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Copper One has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Copper One does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
