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Canada One Announces MMI Survey Results; Anomalous Levels of Nickel, Copper and Silver Encountered at Abitibi East Project, Timmins, Ontario
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2023) - Canada One Mining Corp. ...
About this update from Canada One Mining Corp
[{"type":"text","content":"Canada One Announces MMI Survey Results; Anomalous Levels of Nickel, Copper and Silver Encountered at Abitibi East Project, Timmins, OntarioVancouver, British Columbia--(Newsfile Corp. - December 14, 2023) - Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) (\"Canada One\" or the \"Company\") is pleased to announce it has received results from SGS Labs for its Abitibi East Project (\"Abitibi East\" or the \"Property\") near Timmins Ontario.Highlights109 soil samples taken100m line spacing and 50m sample spacing3 areas of interest identifiedAnomalous ion levels of nickel, copper and silver ions encounteredAnomalous levels of nickel ions were confirmed in an area previously explored for nickelAnomalous levels of copper ions were confirmed in an area previously discovered having copper mineralization These three areas will be the focus of follow-up Mobile Metal Ion (MMI) survey work and electromagnetic surveys to define mineralization and provide drill targets for testing.Mr. Peter Berdusco, President and CEO of Canada One, commented: \"We believe the results of this survey further support our investment in MMI technology as an exploration tool that not only assists in the discovery of mineralization, but does so at depth. Identifying specific areas anomalous in Ni, Cu and Ag ions will guide the technical team's next phase of MMI and geophysics at these locations.\"MMI Survey ResultsA magnetic survey was conducted earlier this year and was immediately followed-up with prospecting and MMI soil sampling in areas of interest. Figure 1 below shows the location of the MMI lines on the magnetic map. The goal of the MMI survey was to determine if the MMI response provided any insight into the magnetic highs in these locations. The reconnaissance MMI surveys appear to be a viable tool for identifying geochemically anomalous areas. 109 soil samples were taken, conducted at 100m line spacing with 50m sample spacing. As a result, three areas anomalous in base metals ions (see Figure 1) were located:Target-A is a volcanogenic massive sulphide (VMS) prospect showing anomalous copper and silver ions, which is favourable for a VMS Target Target-B shows anomalous nickel ions which may be due to hydrothermal reactivation and subsequent concentration of nickel from the ultramafic host rocks Target-C also shows anomalous ni...