Copper One is pleased to announce that drilling equipment and personnel are currently on site to drill up to 5,000 m at the Company's Queylus copper-gold project. It is located less than 10 km South of Chibougamau, QC.
The program will be completed by the end of the year and core sampling results will be announced in January, 2013. Copper One has obtained all necessary permits to proceed with the drilling.
A ground induced polarization survey was conducted in previous weeks on three high-priority grids: the North, East and Main, where several anomalies were outlined. In particular, the East grid encompasses an area never drilled, with targets associated to high magnetic lineaments. Copper One plans also to investigate much further South a shear zone previously identified and located on the Main grid.
The Queylus Property comprises 3,600 hectares (36 km2) in a prolific mining district containing several past-producing mines. The Company has an undivided 100% interest in these claims.
Benoit Moreau, Copper One's President and Chief Executive Officer states, "We are pleased to undertake this drilling program on a property with excellent infrastructure and overlooked potential. CUO is also in a position to quickly follow up on anticipated positive results."
The geophysical survey was completed by Géophysique TMC of Val-D'Or, QC and diamond drilling will be performed by Forages Chibougamau. Both are local contractors having a strong track record.
The scientific and technical information in this news release has been reviewed and approved by Benoit Moreau, Copper One's President and CEO, a professional engineer and a qualified person as defined by National Instrument 43-101.