2023年12月15日金曜日

SCC Alert: Canadian Jr Says Drilling Confirmed "High-Grade Copper"

 
 
Currently at just 0.05, this company raised funds at 0.10 with warrants set at 0.15, suggesting management may think the current 0.05 is significantly "undervalued" and looking at the numbers it is easy to see why:
 
  • TSX.V: CONE's Copper Dome Project sits adjacent to multi-Bln Dlr HudBay Minerals- Canada One's market cap is 2.73 Mln Dlrs while HudBay's market cap is currently 2.28 Bln Dlrs
  • Favorable government initiatives could assist TSX.V: CONE in advancing critical minerals projects
  • World class leadership has raised over 500 Mln Dlrs in the public markets for Canadian public ventures, has over 200 Years combined experience in junior markets, exploration and mining and over 30 Public Companies have been represented by the corporate and technical teams
 
And again – the climb from today's close of 0.05 to 0.10 and 0.15 would represent 100% and 200% gains!
 
This morning TSX.V: CONE released BREAKING NEWS:
Canada One Acquires Property Package and Increases Prospective Ground at the Copper Dome Project, Princeton, British Columbia
 
In today's press release CONE announced the company entered into an agreement to acquire two claim groups totalling 632 hectares from an arm's length vendor- the claims are located contiguous to the company's flagship Copper Dome Project, Princeton, British Columbia.
 
Mr. Peter Berdusco, President and CEO of Canada One commented:
 
"We feel very fortunate in adding additional ground at Copper Dome, specifically at the Friday Creek Zone which has historically proven to yield, not only gold and copper mineralization, but also platinum and palladium. The technical team are therefore anxious to perform reconnaissance field work in 2024 on this newly added area in hopes of uncovering its exploration potential."
 
In early October we brought to your attention Canada One Mining Corp. (TSX.V: CONE), a battery metals explorer operating in a well-established mining district area of Canada alongside a multi-Bln Dlr company – later that same week we watched TSX.V: CONE rise a respectable 19%.
 
Since that high we have seen TSX.V: CONE slide, dipping as low as 0.0375- but for those of you who saw our last report, we emphasized the potential of the company, pointing to the developments of their battery metals mining efforts alongside HudBay Mineral's Copper Mountain Mine, a currently producing project that has Proven/Probable – 702 MT @ 0.24% Cu, 0.09 g/t Au and 0.72 g/t Ag.
 
More specifically, we were focusing on TSX.V: CONE because of their long-term outlook (and recent news, which we will highlight in just a bit, suggest the company is progressing nicely)- 
 
Why do we bring this up?
 
The answer is simple, after hitting that low referenced earlier, we have seen TSX.V: CONE inch their way back, and the company hit a high of 0.065 on Tuesday.
 
Now, back in September TSX.V: CONE announced they had completed a fund raising "at a price of $0.10 per Unit" with a warrant "exercise price of $0.15"!
 
Clearly TSX.V: CONE management believes the company is undervalued at its current level, and this has the potential to work out well for our members.
 
  • At 0.05, CONE is trading 50% BELOW the company's private placement raise at 0.10
  • At 0.05, CONE is trading 67% BELOW the company's warrant exercise price of 0.15
 
If TSX.V: CONE were to hit 0.10, the gain would be 100% and hitting would be a staggering 200% gain!
 
You know us, we aren't going to predict TSX.V: CONE is going to rocket to those figures overnight, and anyone that does should be met with skepticism. That said, TSX.V: CONE is actively advancing multiple battery metals mining projects, and there are other influences that support the belief that CONE could be in a favorable position for growth.
 
Keep in mind, the demand for battery metals is only strengthening and CONE's focus on these metals could potentially serve them well considering Canada's Critical Minerals Strategy, a strategy backed by 3.8 Bln Dlrs in federal support as announced in the National Budget of 2022.
 
In this Canadian Critical Minerals Strategy report it was stated:
 
"Critical minerals present a generational opportunity for Canada in many areas: exploration, extraction, processing, downstream product manufacturing and recycling. This federal government is committed to seizing this opportunity in a way that benefits every region across the country.
 
"Critical minerals are the building blocks for the green and digital economy. There is no energy transition without critical minerals: no batteries, no electric cars, no wind turbines and no solar panels. The sun provides raw energy, but electricity flows through copper. Wind turbines need manganese, platinum and rare earth magnets. Nuclear power requires uranium. Electric vehicles require batteries made with lithium, cobalt and nickel and magnets. Indium and tellurium are integral to solar panel manufacturing."
 
Again, this could certainly work in favor of TSX.V: CONE and the continued advancement of their projects.
 
Before we get to these projects undervalued let's first take a quick step back and introduce you to today's featured company, you'll want to keep Canada One Mining Corp. (TSX.V: CONE) at the top of your screen this week.
 
 
Today's Major New Battery Metals Alert:
 
Canada One Mining Corp. (TSX.V: CONE)
 
QUOTE:
TSX.V: CONE Quote
 
WEBSITE:
Canada One Mining Website
 
CORPORATE PRESENTATION
Canada One Presentation
 
 
In their own words: "Canada One is a premier resource exploration company operating in Canada. From exploration to discovery to resource development, we are focused on creating growth and generating value for our investors and communities as we meet the growing global demand for critical metals."
 
Let's see why TSX.V: CONE is a premier resource exploration company:
 
We mentioned HudBay Mineral's Copper Mountain Mine earlier- contiguous to this project is TSX.V: CONE's Copper Dome Project where:
 
"Previous drilling has confirmed the presence of high-grade copper associated with northeast running geological structures similar to those seen at the Copper Mountain Mine, as well as palladium (Pd), platinum (Pt) and gold (Au) mineralization.  Multiple zones of mineralization have been discovered on the Property to date.  Excellent infrastructure provides year-round access with low-cost exploration and low jurisdictional risk."
 
In early November TSX.V: CONE announced they had "completed an orientation field program on the CM1 Copper Property, a 1,054 Ha land package that was recently added to Canada One's Flagship Copper Dome Project (now totaling over 5800 Ha). CM1 is contiguous with the Copper Dome Project, located immediately south of Hudbay Mineral's active Copper Mountain Mine near Princeton, British Columbia."
 
Mr. Peter Berdusco, President and CEO of Canada One, commented: "Positive indications for copper potential on CM1 include a large alteration footprint with intensely quartz-sericite-pyrite altered intrusions which together represent a new and distinct magmatic hydrothermal center adjacent to the Copper Mountain Mine. CM1 is highly prospective for porphyry copper-gold mineralization and we look forward to executing a systematic exploration program."
 
More recently, TSX.V: CONE announced they "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."
 
The 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), the Kidd Creek Volcanic Massive Sulphide (VMS) deposit (2.5 Mt Zn, Cu, Ag Proven and Probable), and the Alexo-Dundonald nickel deposit (1,254 kt Ni, Cu, Co Indicated).
 
Among the highlights of the Abitibi East Project:
 
  • Poly-metallic critical mineral Property with additional base and precious metal potential
  • (Cu-Zn-Ag, Ni-Pt-Pd and Au)
  • Centrally located to the Timmins Gold Camp (Au), Alexo-DunDonald (Ni-Cu-Co) operating Nickel Mine (20kms), and the Kidd Creek (Cu-Zn-Pb-Ag) operating Copper mine (50kms)
  • Abitibi East Project covers 8050 Ha on the western end of the world-class Abitibi greenstone belt
  • No modern exploration - since 1995
  • Historical sampling and assaying are incomplete or absent - modern multi-element techniques are required for Project geochemistry
 
For a complete look at all TSX.V: CONE's projects please visit:
Canada One Mining Copper Dome Project
 
One thing to remember, it's easy for some of these junior mining opportunities to get lost in the shuffle or overshadowed by the big names, but when the larger markets eventually take notice companies like TSX.V: CONE they can quickly see a climb- we are focusing on Canada One in large part because there are a number of indicators that suggest the company could be undervalued- and this is a situation that may not be the case for long. 
 
As important as anything to TSX.V: CONE's success is their leadership and there is little doubt that Canada One has established a quality team:
 
Here are just a few highlights:
 
Over 500 Mln Dlrs has been historically raised in the public markets by the entire Canada One team for Canadian public ventures:
 
Greenfield/Brownfield Exploration financing
Mining debt project financing
Mining equity financing
Flow-through financing
Project acquisition financing
 
Over 200 Years combined experience in junior markets, exploration and mining
 
Public company management/directorship
Project Development
Exploration of base and precious metals
Project financing
International exploration (Africa, South America, North America)
Dual listing on foreign exchanges
 
Over 30 Public Companies have been represented by the corporate and technical teams:
 
Intl Tower Hill Mining Ltd.
Cardero Resources Corp.
Nexus Gold Corp.
Rogue Resources Inc.
Wealth Minerals Ltd
Trevali Mining Corp.
Corvus Gold Corp.
Riverside Resources Inc
New Pacific Metals Corp.
Inca One Gold Corp.
 
Take a look at what TSX.V: CONE's management themselves feel sets them apart from other junior battery metal explorers:
 
 
 


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