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Canada One Completes Airborne Magnetic Survey at Abitibi East Critical Minerals Project, Timmins, Ontario; Grants Options; Engages Marketing Services
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2023) - Canada One Mining Corp . ...
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[{"type":"text","content":"Canada One Completes Airborne Magnetic Survey at Abitibi East Critical Minerals Project, Timmins, Ontario; Grants Options; Engages Marketing ServicesVancouver, British Columbia--(Newsfile Corp. - December 7, 2023) - Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (\"Canada One\" or the \"Company\") is pleased to announce it has completed an airborne magnetic survey on the Abitibi East Critical Minerals Project (the \"Project\", \"Property\" or \"Abitibi East\") located 60 kms east of the prolific Timmins mining camp, Ontario, Canada. Abitibi EastThe Property is located on the western end of the world-class Abitibi greenstone belt, central to the Timmins Mining Camp (119 Moz Au and 337 Moz Ag historical production)1, the Kidd Creek Volcanic Massive Sulphide (VMS) deposit (2.5 Mt Zn, Cu, Ag Proven and Probable)2, and the Alexo-Dundonald nickel deposit (1,254 kt Ni, Cu, Co Indicated)3.Mr. Peter Berdusco, President and CEO of Canada One, commented: \"A property wide magnetics survey is one of the best methods for conducting a property evaluation. The survey is excellent for mapping covered bedrock geology. It can also identify areas of alteration and highlight structures that may host mineralization. Ultimately, this survey is instrumental in determining the next steps at Abitibi East and where to focus our efforts.\"Airborne Magnetic SurveyThe survey was conducted by SHA Geophysics (SHA) using their Heli-3G, 3-axis magnetic gradiometer system completing line spacing of 75m and a total of 1266-line kilometers of survey. This type of helicopter survey uses SHA's latest technology and sensors to get clean and consistent data.The magnetic survey identified several areas for follow up exploration. The magnetic high seen in the southern central area of the Property (Figure 1, Target C), when reconnaissance drilled in 1995, identified ultramafic rocks showing nickel mineralization. The magnetic high at the southwestern most portion of the Property (Figure 1, Target A & B), when reconnaissance drilled in 1964, identified a potential VMS target. The NW-SE trending magnetic high in the northeast corner of the Property comprises of a low-lying terrain and has been mapped as mafic volcanics which may contain ultramafic units.Figure 1 below also shows the location of the Mobile Metal Ion (MMI) lines (in black) on the magnet...