West Safford, Arizona
Overview
The Safford District in Arizona is one of the most significant copper districts in the state with multiple world-class porphyry copper deposits and dominated by Freeport McMoRan. The US Geological Survey considers the Safford District as the biggest undeveloped copper district in the world. Copper One's West Safford property is well positioned in the district, 11km from the producing Dos Pobres mine.
The West Safford Property consists of approximately 2,860 acres of claims, and a 640 acre Arizona State Mineral Exploration lease. The target at West Safford is a large tonnage "Resolution-type" porphyry copper target, buried beneath younger alluvium, in the Safford Mining District. Exploration has centered around structural extrapolation from known porphyry deposits in the area, and has been further defined by a biogeochemical anomaly, a magnetic target (generated by Bear Creek Exploration), and a large induced polarization (IP) anomaly. Subsequently, Phelps Dodge drilled two holes to the immediate north of the property that encountered a quartz-pyrite zone. Copper One interprets the earlier two drill holes to have intersected the "pyrite shell" within a much larger porphyry copper system, as evidenced by the size of the IP anomaly. The system remains, essentially, untested.
Teague Springs, Arizona
Overview
The Teague Springs Property consists of 1,920 acres of claims located west of Dos Pobres in the Safford Mining District. The target is a large tonnage, buried Laramide porphyry copper-molybdenum-silver-gold system associated with a large, untested IP anomaly and a Mo-Cu-Zn biogeochemical anomaly. The target area is covered by shallow pediment gravels based on past gravity surveys, and has never been drilled. IP, magnetics, gravity, and biogeochemical surveys have all proved successful in discovering world class porphyry copper systems at the nearby Morenci and Safford mining districts.
Targeting and drilling on the West Safford and Teague Springs Properties will commence in 2010.
