Copper One Intersects 1 Meter of 2,460 g/t Silver and 1.54% Tungsten at Queylus Project, Quebec, Canada
26.02.2013 | Marketwire
MONTREAL, Feb. 26, 2013 - Copper One Inc. (TSX VENTURE:CUO) (the "Company" or "Copper One") is pleased to announce the results for the Fall of 2012 diamond drilling program for its 100% owned Queylus Property, just outside of the town of Chibougamau, Quebec, Canada. The goal of the Fall 2012 drilling program was to test several coincident induced polarization ("IP") and magnetic anomalies that were previously outlined during the Summer and Fall 2012, for copper and precious metals. A total of 4,002 m of diamond drilling from 17 NQ size holes was performed by a local contractor, Forages Chibougamau of Chibougamau, Quebec.The results show multiple disseminated copper intersections that warrant more detailed exploration. As well, one of the drill holes, QU-12-2, has intersected 1 meter of 2,460 g/t native silver and 1.54% tungsten within a tonalitic breccia. The QU-12-02 drill hole is approximately 200 metres east of hole QU-12-01 and 400 metres west of hole QU-12-13 in a new structure also requiring further exploration.
The best intersections from the 2012 diamond drilling campaign on the Queylus Property are as follows:
TABLE 1 2012 DIAMOND DRILLING PROGRAM QUEYLUS PROJECT, CHIBOUGAMAU AREA
COMPOSITE ASSAY RESULTS WITH INTERVAL VALUE GREATER THAN 0.25% Cu
TECHNICAL PARAMETERS COMPOSITE ASSAY RESULTS WITH INTERVAL VALUE GREATER THAN 0.25% Cu
Length From To Length Cu Au Ag W
Drill Hole (m) (m) (m) (m) (%) (g/t) (g/t) (%)
QU-12-01 249 60.24 70.94 10.70 1.08 0.10 1.6 0
Including 61.34 62.34 1.00 1.82 0.17 2.0 0
Including 62.34 63.34 1.00 0.74 0.08 1.0 0
Including 66.34 67.34 1.00 1.51 0.10 2.0 0
Including 67.34 68.14 0.80 0.57 0.03 1.0 0
Including 68.14 68.94 0.80 6.84 0.66 13.0 0
And 117.38 120.13 2.75 0.26 0.07 0.6 0
And 165.64 166.14 0.50 0.29 0.26 0.0 0
QU-12-02 228 67.75 69.00 1.25 0.49 0.06 0.0 0
And 144.35 144.85 0.50 0.52 0.08 1.0 0
And 155.00 156.00 1.00 0.43 0.03 2280.0 1.17
And 158.00 159.00 1.00 0.30 0.11 0.0 0
And 161.00 164.00 3.00 0.33 0.18 1.0 0
Including 162.00 163.00 1.00 0.63 0.16 1.0 0
QU-12-03 249 68.00 69.00 1.00 1.12 0.02 1.0 0
And 156.25 157.25 1.00 0.42 0.15 0.0 0
And 158.25 160.25 2.00 0.42 0.06 0.0 0
Including 158.25 159.25 1.00 0.54 0.04 0.0 0
And 167.75 169.75 2.00 0.61 0.06 0.5 0
Including 167.75 168.75 1.00 0.97 0.10 1.0 0
And 189.75 193.25 3.50 1.17 1.03 1.1 0
Including 190.75 192.00 1.25 1.87 1.77 2.0 0
Including 192.00 193.25 1.25 1.06 1.05 1.0 0
And 226.33 226.73 0.40 2.32 0.57 3.0 0
And 236.60 237.31 0.71 1.21 0.20 2.0 0
QU-12-04 201 30.00 32.30 2.30 0.25 0.01 0.0 0
And 41.50 42.62 1.12 0.29 0.01 0.0 0
And 60.45 63.10 2.65 2.62 0.10 3.2 0
Including 62.05 63.10 1.05 6.41 0.24 8.0 0
And 72.60 73.10 0.50 1.16 0.10 1.0 0
And 80.05 81.55 1.50 0.34 0.08 0.0 0
Including 81.05 81.55 0.50 0.74 0.06 0.0 0
And 94.75 96.25 1.50 0.28 0.06 0.0 0
And 130.00 135.00 5.00 0.42 0.09 0.2 0
Including 130.00 131.00 1.00 0.62 0.09 0.0 0
Including 133.00 134.00 1.00 0.99 0.22 1.0 0
And 149.23 149.73 0.50 0.26 0.03 1.0 0
And 159.65 160.15 0.50 0.32 0.08 0.0 0
QU-12-05 249 168.96 169.46 0.50 0.86 0.16 1.0 0
QU-12-06 339 35.70 36.30 0.60 0.31 0.07 0.0 170
QU-12-07 354 353.25 354.00 0.75 0.00 0.36 0.0 0
QU-12-08 219 39.60 40.20 0.60 0.56 0.05 0.0 0
And 49.20 50.20 1.00 0.27 0.05 1.0 0
And 126.20 129.20 3.00 0.26 0.27 0.7 0
Including 126.20 127.20 1.00 0.14 0.53 2.0 0
Including 128.20 129.20 1.00 0.53 0.12 0.0 0
And 140.80 141.80 1.00 0.08 1.07 0.0 0
And 197.30 198.00 0.70 0.41 0.03 0.0 0
QU-12-09 216 25.20 26.20 1.00 0.30 0.03 0.0 0
And 53.00 54.00 1.00 0.35 0.03 0.0 0
And 56.00 60.05 4.05 0.38 0.04 0.2 0
Including 56.80 57.60 0.80 1.20 0.11 1.0 0
And 129.00 130.00 1.00 0.48 0.05 0.0 0
And 173.60 174.30 0.70 0.53 0.09 1.0 0
QU-12-10 192 34.77 36.77 2.00 0.28 0.01 0.0 0
And 90.00 92.00 2.00 0.32 0.03 0.0 0
And 112.00 113.00 1.00 0.25 0.07 0.0 0
QU-12-11 249 32.90 36.45 3.55 0.39 0.02 0.3 0
Including 32.90 33.45 0.55 1.25 0.09 2.0 0
Including 35.45 36.45 1.00 0.53 0.02 0.0 0
And 43.40 43.95 0.55 0.96 0.07 1.0 0
And 46.00 50.00 4.00 0.28 0.04 0.1 0
Including 47.75 48.25 0.50 0.74 0.13 1.0 0
And 54.40 55.40 1.00 0.29 0.10 1.0 0
And 56.40 62.35 5.95 0.26 0.02 0.2 0
Including 56.40 57.35 0.95 0.94 0.07 1.0 0
And 65.25 65.75 0.50 0.41 0.05 1.0 0
And 74.75 78.40 3.65 0.31 0.02 0.5 0
Including 76.40 77.40 1.00 0.58 0.02 1.0 0
And 95.50 100.00 4.50 0.36 0.05 0.6 0
Including 95.50 96.00 0.50 0.63 0.23 3.0 0
Including 98.00 99.00 1.00 0.77 0.06 1.0 0
And 140.25 146.45 6.20 0.57 0.02 2.6 0
Including 140.25 141.25 1.00 0.59 0.02 2.0 0
Including 141.25 142.25 1.00 1.60 0.05 9.0 0
Including 145.45 146.45 1.00 0.83 0.05 1.0 0
And 148.45 154.51 6.06 0.40 0.04 0.1 0
Including 151.91 152.41 0.50 0.74 0.04 0.0 0
Including 153.26 153.86 0.60 0.58 0.06 1.0 0
Including 153.86 154.51 0.65 0.92 0.07 0.0 0
And 174.75 176.75 2.00 0.31 0.01 0.5 0
And 224.23 224.63 0.40 0.40 0.03 0.0 0
QU-12-12 204 56.00 57.00 1.00 0.32 0.02 0.0 0
And 98.50 99.00 0.50 0.34 0.02 0.0 0
And 106.00 108.00 2.00 0.29 0.01 0.5 0
And 120.00 121.00 1.00 0.38 0.02 0.0 0
And 128.00 132.00 4.00 0.27 0.01 0.0 0
And 136.00 137.00 1.00 0.26 0.01 0.0 0
And 152.90 153.40 0.50 0.43 0.03 0.0 0
QU-12-13 195 129.18 130.18 1.00 0.28 0.24 1.0 0
QU-12-14 219 54.00 55.00 1.00 0.00 0.00 18.0 0
And 118.00 120.85 2.85 0.27 0.03 1.1 0
And 122.00 123.00 1.00 0.32 0.04 1.0 0
And 128.25 129.25 1.00 0.26 0.07 0.0 0
And 152.25 152.75 0.50 0.84 0.42 1.0 0
And 184.84 185.34 0.50 0.16 0.51 0.0 0
QU-12-15 225 82.04 82.44 0.40 0.25 0.01 0.0 0
And 84.79 85.19 0.40 0.30 0.02 0.0 0
QU-12-16 186 70.06 70.46 0.40 0.86 0.30 0.0 0
And 105.90 107.00 1.10 0.79 0.74 0.0 0
QU-12-17 228 173.00 173.80 0.80 0.45 1.06 0.0 0
And 215.15 215.55 0.40 0.96 0.36 1.0 0
True widths of the reported core intersections are not known, but are estimated to be 70% of these intervals.
Benoit Moreau, President and Chief Executive Officer of Copper One, stated: "In addition to the information gathered about the copper mineralizations, the drill program identified a new silver and tungsten intersection at Queylus. Interpreted data from detailed magnetic and deep penetration IP surveys will be available soon and help to track the orientation and the continuity of this silver and tungsten horizon that may be related to copper mineralizations. Beyond the Queylus Property, Copper One continues its efforts to advance its 100% owned flagship Rivière Doré Property, south of Val-d'Or, Québec."
Quality Assurance/Quality Control
The Queylus exploration program has been conducted under the supervision of Mr. Roger Moar, project geologist for Copper One and a qualified person as defined by National Instrument 43-101. Copper One has implemented and adheres to a strict Quality Assurance/Quality Control program which includes mineralized standards and blanks for each batch of samples (averaging 1 for every 25). A total of 1,063 samples of length varying from 0.30 to 1.70 meters were sent for assays from drill core sawed in half with one half sent to la Table Jamésienne de Concertation Minière, an independent preparation facility in Chibougamau, Quebec certified for preparation and the other half retained for future reference. Pulps were sent to ALS Chemex, an independent laboratory, of Val-d'Or, Quebec certified for assay.
Samples were assayed for gold by fire assay with atomic absorption spectroscopy finish and all other elements used induced coupled plasma atomic emission spectroscopy (ICP-AES). High grade silver assays were checked using fire assay with gravimetric finish. Quality control procedures consisted of 3 standards and 1 blank samples inserted every 100 samples.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Benoit Moreau, Copper One's President and CEO, a professional engineer and a qualified person as defined by National Instrument 43-101.
About Copper One Inc.
Copper One is focused on developing high-value copper deposits in leading mining jurisdictions. The Company is led by a diverse team of explorers, developers and operators with major company experience and a clear understanding of the business of mining. The Copper One portfolio includes the Rivière Doré copper-nickel project, located near Val D'Or, Quebec, the Queylus copper-gold project, located in the Chibougamau mining district in Quebec and six other properties located in the Arizona and New Mexico copper mining districts.
For more information about Copper One Inc., please visit: www.copperone.com.
On behalf of the board of directors of Copper One Inc.,
Benoit Moreau
President & Chief Executive Officer
FORWARD-LOOKING INFORMATION:
This document includes forward-looking information as well as historical information. Forward-looking information includes, but is not limited to, statements with respect to the Company's planned drilling program for 2013, the continued advancement of the Company's general business and the Company's development of mineral exploration projects. When used, in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking information. Although Copper One, Inc. believes that their expectations reflected in this forward-looking information are reasonable and are based on the information currently available to the Company, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with such forward-looking information. Important factors that could cause actual results to differ from this forward-looking information includes the potential for fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the inability to obtain financing and other risks disclosed in the Company's public filings made with Canadian Securities Regulators and available under the Company's profile at www.sedar.com. This forward-looking information contained in this press release is made as of the date hereof and the Company does not undertake to update such information, except as required by securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact
Copper One Inc.
Benoit Moreau, President & Chief Executive Officer
(514) 281-9434
bmoreau@copperone.com
www.copperone.com
Louis Baribeau, Public relations
(514) 667-2304
lb@decorporateconsultants.ca