Rivière Doré, Quebec
Overview
The Rivière Doré Property is Copper One's newest acquisition and is located near the town of Val d'Or, Quebec. It covers an area of 600 square kilometers and spans an 80 kilometer long newly discovered mafic layered intrusive complex. Copper-nickel bearing semi-massive sulfides occur on the property, and copper and nickel mineralization has been discovered in outcrop and glacial boulders in several areas.
The first phase of sampling included a diamond saw channel cut which averaged more than 1% copper over 6 meters.
Copper One have an Option Agreement on the property in place with Cartier Resources Inc. (TSX-V: ECR) which was executed by January 12, 2011. Copper One will earn 51% by funding $5 million of exploration by December 31, 2015, and paying $250,000 in cash and issuing 350,000 shares. Copper One can also earn an additional 24%, for a total of 75%, by completing a definitive feasibility study, or by making further expenditures of $20,000,000, and are also able to accelerate their earn-in by spending quicker.
The property covers a vast area and is underexplored as access restrictions limited previous exploration efforts. In 2010 a detailed AeroTEMEM & Magnetics survey covering 3,800 line km was completed, and subsequent interpretation of the data led to identification of 42 distinct Conductive Target Zones (CTZ). The CTZ range from a few hundred meters to 7,000 meters in length and span the entire property area for a cumulative of 75.8 kilometers of conductive zones. Nine targets are rated as high priority due to their close association with the recent surface discoveries and geochemical (till and bedrock) anomalies. The nine priority CTZ provide a cumulative of 24.8 kilometers of conductors with varying magnetic settings. A detailed interpretative processing of the individual anomalies within the nine priority CTZ has begun in order to prioritize detailed drill targets.
2010 Discovery Geochemistry
2010 Detailed AeroTEMEM & Magnetics Survey
2011 Selected Target Areas
Original Rock Channel Assays from Lake Bruges Discovery