Strong management team with several decades of copper exploration success between them
Take a look at the board of directors at Carube Copper Corp (CVE:CUC). It’s an impressive bunch. First off there’s Tony Manini as chairman. Tony was instrumental in building one of the biggest success stories in recent Australian mining history, Oxiana. He went onto be a founder of investment vehicle Tigers Realm, which backs all sorts of copper opportunities around the world, and which has had multiple successes.
Then there’s Yale Simpson. He was instrumental in building up Exeter Resource Corporation, a company that was eventually sold to Goldcorp for nearly C$200mln. Sean Harvey was President of TVX Gold before it was sold to Kinross, and Zimi Meka is the founder and chief executive of Ausenco, one of the mining industry’s leading consulting companies.
The previous interim chief executive Anthony Houston spent several years working as a senior executive for OZ Minerals, the part of Oxiana that the Chinese didn’t buy. And the new chief executive Stephen Hughes ran the geology for Asiamet (LON:ARS), which has rapidly been growing its resource base in Indonesia. In total he has led the delineation and discovery of more than two billion tonnes of copper resources in Asia over the past twenty years, and spent a considerable part of that time working for Freeport at Grasberg
Between them, these directors present a formidable array of experience and know-how in the copper exploration and development space.
Broad portfolio of attractive copper assets
Of course, even the strongest management team needs a promising suite of assets that it can work with, and Carube Copper Corp delivers on that front too.
In total Carube has eleven 100%-owned copper and gold exploration permits in Jamaica, covering 535 square kilometres of ground, as well as a C$14mln modern exploration database to guide foreword planning.
Meanwhile, in British Columbia, Carube lso has three porphyry related projects covering 469 square kilometres of ground.
Carube is a first mover in Jamaica and a pioneer in an area of BC’s Cascade Magmatic Arc, now recognized for its mineral potential, confirming the reputations of its board of directors for sniffing out potentially significant new discoveries.
Jamaica is a highly prospective and attractive mining destination
Carube Copper’s Jamaica portfolio covers the most prospective ground for copper and gold in the country. Carube Copper has identified seven porphyry systems at the flagship Bellas Gate project, where recent drilling has discovered a new mineralised zone.
The initial drill hole intersected 339 metres of 0.34% copper equivalent, including 10 metres of 1.79% copper equivalent.
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 economy. British-based law, Canadian banking institutions, good infrastructure and ready access to deep water shipping ports all contribute to a beneficial mining environment.
British Columbia portfolio on highly prospective belt of rocks
Carube Copper’s BC properties cover 492 square kilometres in the south-west of the province. The property portfolio comprises three exploration stage properties. The Mackenzie and the Rogers Creek 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, which rang in at 1.7bn tonnes at 0.334% copper at the last count.