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Copper Dome Project located 18 km south of Princeton, British Columbia and contiguous to the Copper Mountain Mine, owned and operated by Hudbay Minerals Inc. (TSXV: HBM). The northern boundary of the project lies roughly 1.5 km from the Copper Mountain deposits.
The Project has seen extensive exploration over the years including magnetics and induced polarization geophysical surveys and several rounds of diamond drilling. Canada One has a large land package with several drill ready targets.
The Project lies within the lower portion of the well-established Quesnel trough porphyry belt (also known as, the Nicola Belt) which extends north from Copper Mountain, through Highland Valley, Iron Mask Batholith, New Afton, Woodjam, Gibraltar, Mt. Polley and Mt. Milligan
Prior drilling has confirmed the presence of high-grade Cu
The northeast running geological structures at Copper Dome are similar to those seen at the Copper Mountain Mine
There also exists the potential for palladium (Pd), platinum (Pt) and gold (Au) on the property
Excellent infrastructure provides year-round access with low-cost exploration and low jurisdictional risk
Copper Dome’s northern border lies 1.5 km from the producing Copper Mountain Mine open pits
Copper Mountain has Proven/Probable – 702 MT @ 0.24% Cu, 0.09 g/t Au and 0.72 g/t Ag (www.hudbayminerals.com)
In 2023, Hudbay Minerals Inc. purchased 75% of Copper Mountain Mining Corp for US$439 million
The Company has an ability, and intents to expand the land package
The northeast running geological structures at Copper Dome are similar to those seen at Copper Mountain
Argillic style alteration seen adjacent to the Open Pit at Copper Mountain are also noted at Copper Dome
Best place to look for a mine is next to a mine
The project is located within the larger Copper Mountain area and part of a structurally complex, alkalic porphyry copper-gold system where historical mining operations from 1927 to 2019 have produced approximately 1.7 billion pounds (Blb) of copper, 700,000 ounces (oz) of gold, and 9 million ounces (Moz) of silver. Most of the copper-gold mineralization at the Copper Dome Project and at the Copper Mountain Mine site is in the form of veins, fracture fillings, and disseminations within volcanic rocks of the Nicola group and intrusive rocks of the Lost Horse intrusive complex. (reference source)
The Copper Mountain deposit is classified as an alkalic porphyry copper-gold deposit. Alkalic porphyry deposits typically have low-pyrite and high-carbonate contents, and therefore have a low probability of issues with acid-rock drainage.
The Mine is a conventional open pit, truck and shovel operation with a 45,000 tonnes per day plant that utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits. A new life of mine plan to expand the mill to 65,000 tonnes per day, further increases average annual production to 138 million pounds of copper equivalent and reduces all-in costs to US$1.76 per pound of copper over the first 20 years of a 32-year mine life. The 65,000 tonnes per day mill expansion, including the integration of New Ingerbelle, brings Copper Mountain Mine’s after-tax NPV at an 8% discount to US$1.245 billion (see Life of Mine Plan Expansion Study Technical Report, Copper Mountain Mining Corporation, Sept. 2022).
Further potential exists through the upgrading of Mineral Resources to Mineral Reserves and further exploration to continue to extend the mine life and add value.
Work completed from 1960 to date:
Four drilling campaigns totaling over 11,000m in 66 holes
2,253 soil and 378 rock samples
Geophysical surveys include:
The area on the map colored pink corresponds to High Magnetite content in the Copper Mountain Stock
Mineralization appears to be confined on the contact between the Nicola Volcanics (Interpreted as Low Mag in yellow) and the Copper Mountain Stock (Interpreted as a high mag in pink)
The majority of known mineralization follows this trend In the Copper Mountain Camp
In 2009 High Grade Rock Samples Returned Values of 43% Cu 28.16 g/t Au and 18.19 gt/ Pd. A 3 Meter Chip Sample from this Showing Assayed 15.76% Cu 12.26g/t Au and 10g/t Pd (Minfile 092HSE033)
In 1960 Property Owner Hamelin Sampled 79 Feet of 1.25% Cu and 42 Feet 0.26% Cu as well as 12 Feet of 1.30% Cu on the Copper Dome Project (Minfile 820902)
Limited Access due to Drill Permitting Issues hindered Exploration In the Past and limited exploration drilling
This is a copper-gold anomalous zone that also contains silver and molybdenum anomalies. It strikes north-northeasterly, has an approximate width of 1,000 meters, and has a minimum strike length of 1,750 meters being open to the north-northeast towards one of the Copper Mountain Mine pits,` which is 1,500 meters away. It is also open to the south-southwest. The copper results are especially high with many of the values above 10,000 ppb.
The copper-gold anomalous zone is also somewhat devoid of anomalous values in zinc, lead, and cadmium. Most of the anomalous values in these elements occur outside of the main zone, especially to the east. Certain types of porphyry copper deposits are known to contain zinc mineralization around their peripheries. Another feature is that the potassium values are higher within the anomalous zone. This indicates potassic alteration that is often associated with porphyry copper deposits.
As mentioned above, the niobium, titanium, yttrium, and zirconium values were plotted since these four elements indicate Lost Horse intrusive which on the Copper Mountain mine site, either hosts and/or is adjacent to copper mineralization. In general, these elements are somewhat lower within the anomalous zone, but higher outside, especially to the east. This indicates the possibility that the Lost Horse intrusive may occur to the immediate east of the anomalous zone. (David Mark, 2023)
2023 mobile metal ion (MMI) sampling identifies :
250 X 110m area anomalous in Cu, Au, Mo, and Co
2023 rock sampling returns anomalous levels of Cu, Au, Pd:
The Friday Creek Zone is located at the northwestern portion of the Property and is known as a “high-grade copper, gold, platinum and palladium area”. Fourteen rock samples and 104 mobile metal ion (MMI) geochemical samples (100m line spacing and 50m sample intervals) were taken by the Company in 2023 identifying two multi-element features highly anomalous in copper.
The first multi-element feature, roughly 450m in width and 400m in length (see Diagram 1), is open to the northeast roughly 3km from Copper Mountain’s southernmost deposit, and returned anomalous levels of copper, gold, silver, lead, zinc and cobalt.
A second multi-element feature occurs within the southeast corner of the survey area. This feature is smaller, but significant, measuring 250m in length, 110m in width, possibly open to the south-southeast, and returned anomalous levels of copper, gold, molybdenum, and cobalt (D. Mark, 2024).
is located in the central portion of the property roughly 1km east of the Similkameen River and 1.5km south of Copper Mountain Mine’s southern border. Within this zone five mineral occurrences have been previously identified: Reco Prospect, St. Louis Prospect, Johnston Showing, Enterprise Showing and Elk No.1 Showing.
In 2023, eleven rock samples were taken within 150 metres of the Reco Prospect and are of prime exploration interest. Most of these samples were taken from the adit dump and consisted of massive pyrrhotite, pyrite and chalcopyrite.
The samples contain mainly copper and gold mineralization with values in copper for ten of the samples varying from 0.14% to 1.93%, and with values in gold for seven of the samples varying from 0.14 to 93.3 grams/tonne. Two of the samples also contained molybdenum mineralization with the values being 0.25 and 0.16%, respectively.
The Combination Creek zone located within the northeast corner of the Project shows stockwork veining associated with hornfels within the volcanic and sedimentary rocks adjacent to the Copper Mountain stock. The best mineralization in the Combination Creek zone drilled to date is found in a 70 to 100 m wide section of Nicola volcanics extending at least 250 m east west and bounded to the north by the Copper Mountain Stock and to the south by a coarse pink feldspar porphyry syenite dyke.
In 2009, Quantec Geosciences conducted an 8.2km Titan 24 DC/IP survey. The two-line survey each 4.1kms in length, in a north south direction, delineated two high chargeability anomalies on line 82100E and 83100E.
Line 82100E, shows a high chargeability zone extending 2km in length and over 400m in depth and is open to the south. Line 83100E, located 1km to the east of line 82100E shows a high chargeability zone 1km in length, within a magnetic low signature with a dimension of 400m by 400m wide, within a high chargeability setting extending past 400m in depth.
Lines 82100E and 83100E also show an extensive highly chargeable feature in the southern end of the line, open at depth. This zone covers almost 2 km of line 82100E, and over 1 km of line 83100E.
An Airborne Magnetometer survey conducted in 2020 indicates magnetic signatures associated with northwest southeast trending faults. Several targets were identified with similar geophysical signatures to the east and west in the surrounding claim area.
The most recent exploration work on the property has delineated two soil geochemical anomalies for copper/zinc and elevated precious and platinum group metals.
This recently acquired claim group consisting of 1,728 hectares and termed, Copper Dome East, was staked by the Company and is contiguous to the Copper Dome Project. The area will be explored for porphyry copper and molybdenum mineralization.
The staking covers an area where historical fieldwork identified two significant mobile metal ion (MMI) anomalies.
The first, a copper-silver anomaly approximately 2900 metres long by 1300 to 1900 metres wide, oriented in a northwest-southwest direction.
The second, a molybdenum anomaly approximately 2100 metres long by 400 to 900 metres wide, oriented in a north/northwest to south/southwest direction.
The historical exploration work was performed to the standards at that time and are considered “historical” in nature and cannot be considered 43-101 compliant and cannot be relied upon. The results are listed here to show why the Company is interested in the project. Future work and drilling may not repeat similar results.
The Company cautions, that the discoveries and observations made at Copper Dome (which is in proximity to Copper Mountain), are not necessarily indicative of the presence of similar mineralization or geology as Copper Mountain.
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