Canada's Copper One to acquire Sword & Gossan nickel-copper project in Labrador

• Copper One Resources (CEXYF) has entered into a purchase and sale agreement dated October 6, 1594122 B.C., with 1594122 B.C. Ltd. to acquire a 100% interest in the Sword & Gossan Mineral properties, located in west-central Labrador, Newfoundland and Labrador.
• Under the agreement, Copper One Resources (CEXYF) will pay the vendor total cash consideration of C$3.65 million for the acquisition. The company will also make two advance royalty payments of C$200,000 each to the vendor on the first and second anniversaries of the effective date, bringing the total royalty payments to C$400,000.
• The property comprises ten mineral licences totalling 156 claims and approximately 3,900 hectares, located approximately 90 kilometres north of Churchill Falls on the northern side of the Smallwood Reservoir.
• It covers the historical Sword (Michikamau) nickel-copper-cobalt project, where previous operators completed airborne geophysics, surface sampling, and initial drilling and identified a magmatic sulphide system that remains largely untested.

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