Carube Copper Corp.

Building Gold & Copper Assets in the Americas

This profile is part of a paid investor education campaign.*

Overview

Carube Copper Corp. (TSXV:CUC) is a Canadian copper-gold exploration company focused on the discovery and development of copper and gold in the Americas with a current focus on Jamaica and Canada. Carube’s wholly-owned Jamaican assets include 11 copper-gold licenses covering more than 535 km2 of the most prospective regions of the island’s emerging copper-gold district. The company has successfully drilled a series of porphyry mineralized intersections on multiple locations extending well over 250m and has aggressive plans to drill a variety of high priority targets in 2017.

Carube enjoys first mover status in Jamaica, a historically mining-friendly jurisdiction with excellent infrastructure including deep-water shipping ports, a politically-stable government and a British based constitution and legal system. The country’s geology is similar to that of Chile, Argentina and the Dominican Republic—all very productive mining jurisdictions.

In Canada, Carube holds a 100-percent interest in three porphyry copper-gold-molybdenum properties, totaling 492km2 within the Tertiary-aged Cascade Magmatic Arc in southwestern British Columbia.

It also owns the promising 23 km2 Fiedmont Platinum Palladium Project in Quebec.

Carube is led by a newly elected and highly-experienced team of mining industry professionals with recognized track records of success. The company is committed to corporate social responsibility and actively engages stakeholders in the communities surrounding its projects in both Jamaica and Canada.


Company Highlights

  • New Board of Directors and management in place this year. New board and management combines extensive experience with direct involvement in founding and developing multiple +$100M to +$1B companies including Oxiana, Asiamet, NexGen, Exeter, Extorre,
    and Ausenco:
  • Advancing discovery and development on its properties in Jamaica and Canada with the strategic alternatives of whole ownership or attracting large joint venture partners.
  • Jamaica: 7 large copper-gold projects totaling 536km2in an emerging copper-gold porphyry country play; a mining‐friendly jurisdiction with British mining law and good infrastructure.
  • Canada: 3 copper‐gold‐molybdenum projects in an emerging copper-gold porphyry belt;
  • Promising platinum group metals project in Quebec.
  • 2018: Next exciting phase of exploration currently underway on Jamaican properties, focusing on highly prospective targets.
  • Large portfolio of properties ensures steady news flow.
  • Tight share structure with 13% held by management& directors; 12.7% Wallbridge Mining; 10.1% Tigers Realm Group;

Jamaica: Emerging Copper-Gold Porphyry District

 Carube Copper Corp - Building Gold and Copper Assets in Jamaica and Canada

  

Carube Copper Corp - Building Gold and Copper Assets in Jamaica and Canada

Bellas Gate Project—Numerous high-quality drill-ready targets

The Bellas Gate project is Carube’s core asset. More than $15 million in exploration work has been completed at the copper-gold project, including high-resolution magnetic and radiometric airborne surveys, 46 line kilometers of IP surveys, over 10,000 soil samples, 400 rock chips and over 17,000 meters of core drilling.

This work confirms the existence of at least seven significant Cu/Au porphyry systems.

The porphyry distribution found at Bellas Gate is similar to that found in the Northparkes mining district of New South Wales, Australia. Rio Tinto sold Northparkes to China Molybdenum in 2013 for US$820 million.

Carube’s recent review of exploration data has aided in the creation of a porphyry model for the property and the identification of numerous highly prospective copper-gold targets.

High Priority Targets at Bellas Gate in Jamaica

Carube plans to continue drilling at Bellas Gate in 2018, including the high-priority Provost, Provost SE, Lucky Valley, Charlie and Connor SE targets.

Main Ridge Project—Porphyrytype copper and highgrade gold mineralization identified

Early exploration at the Main Ridge project has identified gold and copper mineralization. Carube is now focused on further defining these zones as well as exploring other areas.

The most important zones include:

  • Former Pennants Gold Mine: Gold deposit just outside of property boundary– 94,000 t at 13.9 gAu/t
  • Main Ridge Anomaly:2-km long untested multiple gold in soil anomalies along strike with the Pennants gold deposit; historic drill intercept of 22.9g gold/t over 2.2 meters
  • Orange Hill:Copper in soil anomaly associated with intense magnetite alteration
  • Trout Hall:Copper oxide with grabs to 0.84-percent copper
  • Ballard’s River:A broad area of anomalous copper in soils along a linear magnetic high

The Bennett Gold Zone at Main Ridge

Hungry Gully Project—Three large copper-gold targets identified

  • Dunrobin/Diggins Ridge: Porphyry target; soils up to 4500 ppm copper.
  • Round Hill: Gold‐epithermal target; soils up to 1500 ppb gold.
  • Home Hill: Large prospective area for copper defined by CIDA; highly anomalous stream sediment, copper to 203 ppm and gold to 44 ppb.

Other new copper-gold licenses

Above Rocks Project: Hosts multiple systems and eight priority copper‐gold target areas, including Sue River/ Glengoffe and Jobs Hill.

Arthurs Seat Project: Located between the Bellas Gate and Main Ridge projects; high gold and copper potential.

Guys Hill Project: Along strike of main structure crossing the Above Rocks area and includes Windsor Castle and Berkshire Hall areas; covers highly anomalous copper in steam sediments.

Shirley Castle Project: Highly prospective ground of historic copper showings in the Cretaceous Blue Mountain Inlier; recent soil sampling and rock sampling over historic copper showings.

British Columbia, Canada: Emerging Copper-Gold Porphyry Belt

Carube owns three properties located in the Cascade Magmatic Arc, an emerging copper-gold porphyry belt in southwest British Columbia. The region has excellent infrastructure including all-weather roads and high tension power lines.

Carube Copper Corp - Building Gold and Copper Assets in Jamaica and Canada

Rogers Creek Project

The Rogers Creek project covers 250 km2 and is located near Pemberton. Recent exploration at the property has led to the identification of a large chargeability anomaly on the northern edge of a known mineralized area. The 2015-2016 exploration programs conducted on the property defined drill targets including a 6km by 2km area of porphyry alteration and mineralization. Grab samples returned values of up to 23.1g gold/t, 0.50 percent copper, and 136 g/t silver, highlighting the presence of porphyry related D-veins.

The Rogers Creek project has been option to Tocvan Ventures Inc.  Tocvan Ventures Corp. of Calgary Alberta will have the right to earn 80% of the project by spending $1.9M on exploration and issuing Carube Copper $25,000 in cash and 1.3M shares over the initial 4 year earn in period.  After successful completion of the earn-in period an 80% -20% joint venture will be formed where Carube will retain both a 20% equity, subject to meeting future pro-rata expenditure commitments, and a 3% NSR. Carube will also receive advance royalty payments of $50,000 per year after Tocvan has earned its 80%.

Carube Copper Corp - Building Gold and Copper Assets in Jamaica and CanadaMackenzie Project

The 216 km2 Mackenzie Project is located 100 kilometers west of Lillooet and 40 kilometers west of Gold Bridge. The property hosts three trends, including the 7.5-kilometer Bornite Trend, indicating widespread copper-gold porphyry over the property. Recent airborne geophysics indicate high copper-porphyry potential. The IKE deposit is located immediately to the north.

Carube Copper Corp - Building Gold and Copper Assets in Jamaica and Canada
Grab samples have returned values of up to 4.34 percent copper, between 0.001 and 0.445 g/t gold, and values between 3.34 and 4,170 g/t silver.

Salal Project

The Salal Project lies just southwest of the Mackenzie project between the towns of Pemberton and Gold Bridge. The project is prospective for low-fluorine type porphyry molybdenum.

Fiedmont Platinum-Palladium Project, Quebec

The Fiedmont Platinum-Palladium Project is located 30 kilometers north of the major mining and service center of Val d’Or, Quebec. Data from past exploration work has identified Platinum Group Element mineralization including at least 5 high priority targets.

Management

Stephen Hughes, President, CEO and Director is an economic geologist with over 20 years technical and management experience covering exploration, development and mine geology. Steve’s experience includes 12 years with PT Freeport Indonesia at the giant Grasberg mine, both in the open pit and as manager of the underground mine geology and exploration groups and 14 years as Exploration Manager – Indonesia for Oxiana Limited and VP – Exploration for Tigers Realm/Asiamet Resources where his roles have focused on managing the acquisition, exploration and development of Company making Cu-Au opportunities.

Jeffrey Ackert, BSc. (Geology) VP Business Development has 30 years in mineral exploration and mine management including Lac Minerals (1990-1994) and Barrick Gold (1994-1996). He served as VP Exploration and VP Technical Services Orezone Resources from 1996 to 2007.

John McNeice, C.A., CPA, Chief Financial Officer has more than 25 years in public companies including in the areas of accounting, auditing and management. He has led numerous financings, totaling over $100 million.

Chris Irwin, B.A., LL.B, Corporate Secretary is a principal of Irwin Lowy LLP, a Toronto based law firm specializing in Corporate and Securities Law. Presently Mr. Irwin is a director and/or officer of several public companies. Mr. Irwin was Corporate Secretary for Kinbauri Gold Corp. from 2004-2009. Mr. Irwin received his Bachelor of Arts from Bishop’s University in Lennoxville, Quebec in 1990 and his Bachelor of Laws from the University of New Brunswick in Fredericton, New Brunswick in 1994. He has been a member of the Law Society of Upper Canada since 1996.

Shannon Baird, MSc Economic Geology, Exploration Manager is a registered professional geoscientist in Ontario and British Columbia with over 13 years of experience in the mining industry. His experience covers a broad range of commodities and exploration techniques, from prospecting to exploration program planning, to mine development, to acquisitions and corporate development. Shannon has held geological positions with VALE, Wallbridge Mining Company Ltd., and from 2010 to 2015 has been Exploration Manager of Miocene Metals Ltd. Shannon has been active and instrumental in fostering outstanding positive relations with First Nations communities throughout Carube’s active exploration areas within British Columbia. He is now building similar relations with the communities surrounding Carube Copper’s projects in Jamaica.  Mr. Baird holds a M.Sc. degree in Economic Geology with a focus on Exploration from Laurentian University.

Tony Manini, Director and Chairman of the Board is a geologist with over 30 years of diverse experience in the resource industry. Tony is a founder and CEO of private incubator company, Tigers Realm Group and a co-founder of resource private equity firm, EMR Capital. Tigers Realm Group has listed three highly successful exploration companies, each of which has made a major discovery and is in studies and/or development stage (Tigers Realm Coal – ASX; Nexgen Energy – TSX and Asiamet Resources – AIM). He is currently Executive Chairman of Asiamet Resources Limited and an Executive Director of EMR Capital.

T. Sean Harvey, Director has over 25 years experience in the mining sector, including 10 years working in senior investment banking roles with Nesbitt Burns (BMO) and Deutsche Bank. In addition to co-founding two TSX Venture Exchange-listed companies, he was president and chief executive officer of TVX Gold at the time of its sale to Kinross Gold in 2003. Mr. Harvey holds an honours BA degree in economics and geography from Carleton University, an MA in economics from Carleton University, an LLB from the University of Western Ontario and an MBA from the University of Toronto. He is also a member of the Law Society of Upper Canada.

Yale Simpson, Director is a professional geologist with a Bachelor of Applied Science (Geological Engineering) from the University of British Columbia. Yale has more than 30 years’ experience as a senior geologist, exploration manager and CEO of companies involved in precious metals projects in Australia, Africa, Eastern Europe and South America. Those companies include Pennzoil Company, Chevron Exploration, Australmin Holdings, Argosy Gold Mines and Black Swan Gold Mines Ltd.

Alar Soever, P Geol., Director is a geologist with over 35 years of experience in the mineral exploration industry both in Canada and overseas. In addition to his management role with Miocene, Mr. Soever has held various senior executive positions with Wallbridge where he has served as President from 2003 to 2011, CEO from 2009 to 2012 and currently serves as Wallbridge’s Executive Chairman (since April 2012).

Zimi Meka, Director is one of the founding directors of Ausenco Limited and was appointed as Chief Executive Officer / Managing Director in 1999. Mr. Meka’s background includes senior roles in engineering and operations companies prior to the formation of Ausenco in 1991. He is the Queensland University of Technology’s 2008 Alumnus of the Year, was awarded the Australian Institute of Mining and Metallurgy’s 2009 Institute Medal and is one of Australia’s top 100 most influential engineers as awarded by Engineers Australia. He is a Fellow of Engineers Australia, a Fellow of the Australian Institute of Mining and Metallurgy and a Member of the Australian Institute of Company Directors.

Trevor McCain, M. Sc. (Natural Resource Management) , Country Manager, Jamaica has broad experience in exploration , mine planning and corporate management having worked for Cominco, Citadel Mines, Caribbean Ecosystems, and Un Rusal Alumina. 


 

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