Carube Copper controls 100% of over 535 square kilometres of mineral licences in Jamaica, covering the most prospective ground for copper and gold. Carube Copper has identified seven porphyry systems at the flagship Bellas Gate Project where recent drilling has discovered a new zone with the initial drill hole intersecting 339m of 0.34% CuEq, including 10m of 1.79% CuEq. New mineral exploration and development is welcome and encouraged by the Jamaican Government. The country has a long history of mining, beginning with the Spanish in the 16th Century, continuing with the British in the 19th Century and, today the modern bauxite industry is still thriving. Mineral extraction in Jamaica is a very large contributor to the country’s GDP. British based law, Canadian banking institutions, good infrastructure and ready access to deep water shipping ports all contribute to a beneficial mining environment.
Carube Copper’s BC properties cover 492 square kilometres in south-western British Columbia. The property portfolio comprises three exploration stage properties. The Mackenzie (Cu-Au), and the Rogers Creek (Cu-Au) properties are the current focus of exploration. Both are recent discoveries where significant exposures of altered rock and/or mineralization have been defined, indicative of the presence of large mineralized systems. Carube Copper’s property portfolio is located along a 250 kilometre segment of the Cascade Magmatic Arc, the same belt of rocks that hosts the Glacier Peak copper deposit (1.7 Bt @ 0.334% Cu and 0.015% MoS2) and Margaret copper deposit (597 Mt @ 0.465% Cu-Eq.) in Washington State (all historic resources).
Carube Copper’s Nova Scotia property covers 46 square kilometres in the Eastern part of the province. The Stewart Brook Gold (SBG) property comprises 300 individual claims staked by the company. Historic work from the 1980s indicated high values of gold in glacial till in a geological environment that has proven to host significant gold deposits in the province. Nova Scotia has recently emerged as a highly favourable jurisdiction for gold discovery and production and hosts a mine with one of the lowest gold production costs in the sector.