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Canada One Acquires Option to Earn up to 100% Interest in the Abitibi East Critical Minerals Project, Northeast of Timmins, Ontario

(TheNewswire) Vancouver, BC - TheNewswire - October 18, 2023 - ...

articleCanada One Mining CorpOctober 18, 20234/company/canada-one-mining-corp/news/canada-one-acquires-option-to-earn-up-to-100percent-interest-in-the-abitibi-east-critical-minerals-project-northeast-of-timmins-ontario
Canada One Acquires Option to Earn up to 100% Interest in the Abitibi East Critical Minerals Project, Northeast of Timmins, Ontario

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[{"type":"text","content":"Canada One Acquires Option to Earn up to 100% Interest in the Abitibi East Critical Minerals Project, Northeast of Timmins, Ontario\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC -\n \n \n TheNewswire -\n \n \n October 18, 2023 -\n \n \n Canada One Mining Corp.\n \n \n (“Canada One” or the\n“Company”)\n \n \n (TSXV:CONE)\n(OTC:COMCF) (FSE:AU31)\n \n \n is pleased\n \n \n \n \n to announce it has entered\ninto a definitive option agreement (the “\n \n \n Transaction\n \n \n ”),\ndated October 16\n \n \n th\n \n \n , 2023 with Global Genx Resources Ltd. (the\n“\n \n \n Vendor\n \n \n ”) an arm’s length private company, pursuant to which the\nCompany will be granted the right to earn up to a 100% interest in the\nAbitibi East Critical Minerals and Nellie Properties (each a\n“\n \n \n Property\n \n \n ” and collectively, the “\n \n \n Properties\n \n \n ”)\nlocated 60 kilometres northeast of the Timmins Mining Camp,\nOntario\n \n \n .\n \n \n \n \n The Properties are located on the western end of the\nworld-class Abitibi greenstone belt, central to the Timmins Mining\nCamp (119 Moz Au and 337 Moz Ag historical production) (\n \n \n digigeodata.com\n \n \n ), the Kidd Creek\nVolcanic Massive Sulphide (VMS) deposit (2.5 Mt Zn, Cu, Ag Proven and\nProbable) (\n \n \n miningdataonline.com\n \n \n ), and the Alexo-Dundonald nickel deposit (1,254 kt Ni, Cu,\nCo Indicated) (\n \n \n class1nickel.com\n \n \n ).\n \n \n \n \n Mr. Peter Berdusco, President and CEO\nof Canada One commented:\n \n \n “These properties, central to the Timmins Camp, the Alexo-Dundonald\ndeposit and the Kidd Creek Mine, reaffirm our commitment of exploring\ncritical mineral projects in the premier mining belts of Canada.“\n \n \n \n \n Abitibi East Highlights\n \n \n \n \n \n \n \n \n Poly-metallic critical\nmineral property with additional base, precious metal potential (Ni,\nCu, Pt, Pd, Au, Zn, Ag, and V)\n \n \n \n \n \n \n Centrally located to the Timmins Mining (Au) Camp\n(60kms), Alexo-Dundonald (Ni-Cu-Co) deposit (20kms), and the Kidd\nCreek (Cu-Zn-Pb-Ag) operating mine (50kms)\n \n \n \n \n \n \n Abitibi East covers 8050 Ha on the wes...

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