(via TheNewswire)
Project Overview
The Property located 18 km south of
The Company is currently compiling past exploration data and has initiated fieldwork in anticipation of a potential fall drill program.
Drill Permitting Details
A comprehensive drill permit has been submitted to the
Permitting has become an important part of exploration planning particularly in regard to environment, social and governance (ESG) efforts which require time and consultation with numerous groups, primarily First Nations. Consultation with First nations have now been initiated. The Company anticipates a first review of the drill permit application by the Ministry to be completed by September of this year with the potential of a granted permit in time for a fall drilling program.
Drill Target Details
The Property shares similar geology, and a similar geophysical and geochemical footprint to the
Following this summer’s fieldwork, Canada One will turn its attention to defining the best drill targets for this first campaign with the intent of validating the work that has been done to date and outlining areas of copper mineralization.
Project Highlights
The Project lieswithin 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 minesPrevious drilling has confirmed the presence of high-grade copper associated withnortheast running geological structures similar to those seen at the
Copper Mountain Mine Potential for palladium (Pd), platinum (Pt) and gold (Au) exists within the western portion of 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, electro-magnetics (EM) surveyed over half of the Project area,2,253 soil and 378 rock samples collected, over 8,900m of diamond drilling and over 1km of trenching
The Company cautions that the discoveries and observations on properties in proximity to the Company’s properties are not necessarily indicative of the presence of similar mineralization or geology on the Company's properties.
Qualified Person
The technical information contained in this news release has been reviewed by
For further information, interested parties are encouraged to visit the Company’s profile on SEDAR (www.sedar.com) or contact the Company atinfo@evolvemgmt.net.
On behalf of the Board of Directors of
President and Chief Executive Officer
1 877 844 4661
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 "expects", "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 successful closing of the Offering and anticipated timing thereof and the intended use of proceeds. Actual future results may differ materially. 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 date 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 concerning 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.
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