Vancouver, B.C., January 27, 2011, Copper One Inc. (TSXV: CUO) (the "Company" or "Copper One") is pleased to report that its partnership with Cartier Resources Inc. has outlined a dynamic exploration program to explore the Riviere Dore Copper Nickel property (the "Property") in Quebec. The Company has an option on the property that covers an entire layered intrusive complex. Copper One and Cartier have recently reported numerous high copper and nickel showings on the property, with platinum group elements, including net textured copper-nickel sulfides in pyroxenite. The team has identified near term drill targets and has developed a parallel program to systematically explore the entire 52,400 hectare property.
Condor Consulting Inc. has been retained to lead the geophysical component of the exploration program. Condor is among the world leaders in airborne electromagnetics interpretation. Condor's clients include many of the world's largest and most sophisticated mining and exploration companies. They have been instrumental in discoveries associated with geological settings similar to that found at Rivière Doré.
Copper One and Cartier have outlined an aggressive exploration plan focused on initiating drilling on the vast, underexplored property during the second quarter of 2011. Preliminary interpretation of the airborne electromagnetic geophysical survey conducted in 2010, has indicated numerous anomalies. Since airborne geophysics is such a key component of this type of copper-nickel exploration, Condor Consulting Inc. has conducted rigorous modeling and interpretation of the geophysical data. A series of detailed targets is expected early in 2011.
In addition to drilling some of the highest priority initial targets, the overall exploration plan defines a systematic approach to exploring the entire property, including: additional reconnaissance mapping and sampling of new areas of the large property, ground geophysical and geochemical surveys, and certain petrographic and mineralogical studies of the mafic complex. Initial field visits have yielded multiple samples in different areas which have assayed greater than 1% copper. Additionally, encouraging levels of nickel, gold, and platinum group metals have been identified. Copper One's plan is to identify multiple, near surface geophysical-geochemical targets that are supported by detailed geological work, and systematically drill test these to work though the large layered mafic intrusion and focus follow-up drilling on the best sulfide targets.
"While a systematic exploration approach for a property of this size is important, we also intend to drill test the high priority targets as aggressively as possible in 2011. We anticipate a lot of future targets as we access the property more completely." commented Alan Edwards, President and CEO of Copper One. "I am also very pleased with the strength of our technical team and the outstanding working relationship developed between Copper One and Cartier at this early stage."
Quality Assurance/Quality Control
The Rivière Doré exploration program has been conducted under the supervision of Mr. Philippe Berthelot, P. Geo., qualified person as defined by National Instrument 43-101. Cartier has implemented and adheres to a strict Quality Assurance/Quality Control program which includes mineralized standards and blanks for each batch of samples. Assay samples are taken from drill core sawed in half with one half sent to a commercial laboratory and the other half retained for future reference. Analyses are either performed by Techni-lab S.G.B. Abitibi inc. in Sainte-Germaine, Quebec, or by ALS-Chemex in Val- d'Or, Quebec, both accredited laboratories.
The technical information in this news release has been reviewed and approved by Thomas R. Kilbey, Copper One's Vice President - Exploration, a certified professional geologist and a qualified person as defined by National Instrument 43-101.
About Copper One
Copper One Inc. also holds a significant portfolio of copper properties in the prolific copper-producing regions, in Arizona and New Mexico. This area hosts some of the world's largest and most profitable copper deposits and as a group, contain over 10% of the world's copper production. Copper One Inc. is focused on the discovery of copper resources which are suitable for leaching. Lone Mountain, the company's feature property, is within sight of the large Tyrone and Chino porphyry copper deposits owned by Freeport-McMoRan.
For more information about Copper One Inc., please visit: www.copperone.com.
On behalf of the board of directors of Copper One Inc.,
Alan Edwards, B.Sc Mn Eng, MBA
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Copper One Inc. www.copperone.com
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the continued advancement of the company's general business development, research development and the company's development of mineral exploration projects. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Copper One Inc. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.