BC Projects Overview
Carube Copper’s BC properties cover in excess of 590 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 (Figure 1), a belt of Tertiary (<65 Ma) and younger intrusive and extrusive rocks, which stretches from Northern California up to the southern end of the Alaska Panhandle.
The Cascade Magmatic Arc formed as a result of the subduction of various Pacific Ocean plates, transform faults and ridges beneath the North American continent over the past 65 million years. This process was identical to the formation of Tertiary-aged porphyry Cu-Au-Mo belts in Chile, Peru, the United States and Indonesia. The majority of the Cu, Au and Mo resources being mined in the world today come from similarly-aged belts of porphyry intrusions (Figure 2).
In the United States, this belt of rocks has produced mineral deposits approaching giant size, such as Quartz Hill (1.6 BT of 0.127% MoS2) in Alaska, and Glacier Peak (1.7 BT @ 0.334% Cu and 0.015% MoS2) and Margaret (597 MT @ 0.465% Cu-Eq.) in Washington State (all historic resources).
What is surprising is that very large or giant deposits have not been found in the Canadian segment of the Cascade Arc although the geology and subduction processes are the same on both sides of the international border. We believe that our property portfolio has excellent potential for discovery and we look forward to unlocking that potential.
The "logging road" discovery of mineralized outcrops at Rogers Creek and the mountainside prospecting discoveries at MacKenzie have provided strong support for the idea that the Cascade Magmatic Arc in Canada is still under-explored and not well documented.
Miocene Metals' properties occur in an area of British Columbia that has excellent road, railroad, power, water and human resources. Only two of the properties, Salal and Mackenzie are located greater than 30 kilometres from paved highway, and single or double track railroad but even these properties are located within 40 kilometres of hydro-electric power dams; All properties are within three to four hours drive from the Port of Vancouver.
All properties are on First Nations' Traditional Territory and all First Nations have been receptive to the ideal of economic development. Carube Copper recognises First Nations' territorial rights and actively engages with First Nations communities for our mutual benefit.
Geography and Climate
Quebec, Canada's largest province, occupies a vast territory (nearly three times the size of France), most of which is very sparsely populated. More than 90 percent of Quebec's area lies within the Canadian Shield, and includes the greater part of the Labrador Peninsula. Quebec's highest mountain is Mont D'Iberville, which is located on the border with Newfoundland and Labrador in the northeastern part of the province in the Torngat Mountains. The addition of parts of the vast and scarcely populated District of Ungava of the Northwest Territories between 1898 and 1912 gave the province its current form.
Quebec has three main climate regions. Southern and western Quebec, including most of the major population centres, have a humid continental climate with warm, humid summers and long, cold winters. The main climatic influences are from western and northern Canada which move eastward and from the southern and central United States that move northward. Due to the influence of both storm systems from the core of North America and the Atlantic Ocean, precipitation is abundant throughout the year, with most areas receiving more than 1,000 mm (40 inches) of precipitation, including over 300 cm (120 inches) of snow in many areas. During the summer, severe weather patterns (such as tornadoes and severe thunderstorms) are far less common than in southern Ontario, although they occasionally occur.
Most of central Quebec has a subarctic climate. Winters are long and among the coldest in eastern Canada, while summers are warm but very short due to the higher latitude and the greater influence of Arctic air masses. Precipitation is also somewhat less than farther south, except at some of the higher elevations.
The northern regions of Quebec have an arctic climate, with very cold winters and short, much cooler summers. The primary influences in this region are the Arctic Ocean currents (such as the Labrador Current) and continental air masses from the High Arctic.
The Lieutenant Governor represents the Queen of Canada and acts as the province's head of state. The head of government is the premier (called premier ministre in French) who leads the largest party in the unicameral National Assembly, or Assemblée Nationale, from which the Executive Council of Quebec is appointed.
The Government of Quebec has several exploration and mining incentives in place that make this province a very competitive place to explore. Flow Though Shares allow Canadians and in particular Quebec residents to enjoy significant tax relief while funding exploration. Companies exploring in Quebec are able to recover a portion of their exploration expenses from the government through a mineral exploration incentive program.
The economy of Quebec, is diversified and post-industrial with an average potential for growth. Manufacturing and the Service sectors dominate the economy. If Quebec were a country, its economy would be ranked the 44th largest in the world just behind Norway. Quebec is also ranked the 21st largest in the Organization for Economic Cooperation and Development. The economy of Quebec represents 19.65% of the total GDP of Canada.
Approximately 30 minerals are mined, with the most important being iron, gold, nickel, titanium, niobium, zinc, copper, silver and stone. In 2010, the province was the largest producer of zinc in Canada and the second largest producer of gold and iron. The province is also the world's second largest producer of niobium and the third of titanium dioxide. The province has 27 mines, around 200 exploration firms, and 12 primary processing plants. In 2010 the value of mineral shipments from the province was about $6.8 billion. The mining industry accounts for 15,000 direct jobs and investment exceeding $2 billion.