newsreleases2020 - Doré Copper Mining Corp

Doré Copper Announces Closing of Initial Tranche of Non-Brokered Private Placement for Aggregate Gross Proceeds of C$3,944,257

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TORONTO, Dec. 24, 2020 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC, OTCQB: DRCMF) is pleased to announce that it has closed an initial tranche of its previously announced non-brokered private placement (the “Offering“), pursuant to which the Corporation sold an aggregate of 5,800,378 common shares in the capital of the Corporation (“Offered Shares“) at a price of C$0.68 per Offered Share for aggregate gross proceeds of C$3,944,257.04. A second tranche of the Offering is expected to close in January.

Cormark Securities Inc., Paradigm Capital Inc., Haywood Securities Inc. and Red Cloud Securities Inc. acted as finders (each, a “Finder“) in connection with the initial tranche of the Offering. In consideration for acting as a finder in connection with the initial tranche of the Offering, the Corporation paid $223,889.55 in cash finder’s fees to the Finders, representing 6% of the gross proceeds of the Offered Shares that were sold to subscribers introduced by such parties, and issued an aggregate of 329,249 non-transferable warrants (the “Finder’s Warrants“) to purchase common shares in the capital of the Corporation (the “Finder’s Warrant Shares“) to the Finders, representing 6% of the Offered Shares that were sold to subscribers introduced by such parties, with each Finder’s Warrant being exercisable for one Finder’s Warrant Share at a price of C$0.68 per Finder’s Warrant Share until December 23, 2022.

Laurie Gaborit, an officer of the Corporation, subscribed for 15,000 Offered Shares under the initial tranche of the Offering on the same terms as arm’s length investors. The participation of Ms. Gaborit in the Offering constitutes a “related party transaction” for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Corporation is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Offering in reliance on sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the securities issued to Ms. Gaborit nor the fair market value of the consideration for the securities issued to Ms. Gaborit exceeds 25% of the Corporation’s market capitalization as calculated in accordance with MI 61-101. The Corporation did not file a material change report more than 21 days before the expected closing date of the Offering as the aforementioned insider participation had not been confirmed at that time and the Corporation wished to close the Offering as expeditiously as possible.

The Corporation intends to use the net proceeds from the Offering to fund project milestone payments, exploration and development activities and general working capital expenses.

The securities issued in connection with the closing of the initial tranche of the Offering are subject to a hold period under applicable Canadian securities laws which will expire on April 24, 2021. The Offering is subject to the final acceptance of the TSX Venture Exchange.

The securities offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

About Doré Copper

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau mining camp that has historically produced 1.6 B lbs of copper and 3.2 M oz of gold. In addition, the Corporation has optioned the high-grade Joe Mann gold mine (historical production 1.17 M oz at 8.26 g/t Au). The land package includes 12 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Corporation’s 2,700 tpd mill (Copper Rand Mill).

The Corporation’s objective is to create a profitable hub-and-spoke operation with its high-grade copper-gold assets. The Corporation’s current focus is to grow mineral resources and sequentially re-develop the high-grade Corner Bay (Cu-Au), Cedar Bay (Au-Cu), Joe Mann (Au), and Copper Rand (Au-Cu) deposits. The Corporation’s ongoing fully-funded 35,000-metre drilling program for 2020 and early 2021 is expected to lead to an updated mineral resource estimate and a Preliminary Economic Assessment (PEA) in 2021.

For further information regarding Doré Copper, please visit the Corporation’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com.

For further information, please contact:

Laurie Gaborit
VP Investor Relations
Phone: (416) 219-2049
Email: 

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Corporation to close a second tranche of the Offering, the timing and ability of the Corporation to receive necessary regulatory approvals, including the final acceptance of the TSX Venture Exchange, and the plans, operations and prospects of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Doré Copper announces increase to previously announced non-brokered private placement to up to c$5.98 million

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Not for distribution to United States news wire services or for dissemination in the United States

Toronto, OntarioDecember 11, 2020 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC, OTCQB: DRCMF) is pleased to announce that it has increased the size of its previously announced non-brokered private placement to up to 8,800,000 common shares in the capital of the Corporation (the “Offered Shares“) at a price of C$0.68 per Offered Share, for aggregate gross proceeds of up to C$5,984,000 (the “Upsized Offering“). 

The Corporation intends to use the net proceeds from the Upsized Offering to fund project milestone payments, exploration and development activities, and general working capital expenses.

In connection with the Upsized Offering, certain arm’s-length parties may receive a cash finder’s fee payment equal to up to 6% of the gross proceeds of the Offered Shares that are sold to subscribers introduced by such parties, and warrants (the “Finder’s Warrants“) to purchase that number of common shares in the capital of the Corporation (the “Finder’s Warrant Shares“) equal to up to 6% of the Offered Shares that are sold to subscribers introduced by such parties, with each Finder’s Warrant being exercisable for one Finder’s Warrant Share at a price of C$0.68 per Finder’s Warrant Share for a period of two years from the date of the closing of the Upsized Offering. The finder’s fee payment and the Finder’s Warrants are subject to the approval of, and will be issued in accordance with the rules of, the TSX Venture Exchange (the “Exchange“).

The Upsized Offering may be completed in multiple tranches, with the closing of the final tranche expected to occur on or before January 15, 2021. Completion of the Upsized Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the Exchange. The securities issued pursuant to the Upsized Offering will be subject to a four month hold period from the date of issuance in accordance with applicable Canadian securities laws.

The Offered Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

About Doré Copper

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau mining camp that has historically produced 1.6 B lbs of copper and 3.2 M oz of gold. In addition, the Company has optioned the high-grade Joe Mann gold mine (historical production 1.17 M oz at 8.26 g/t Au). The land package includes 12 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand Mill). 

The Company’s objective is to create a profitable hub-and-spoke operation with its high-grade copper-gold assets. The Company’s current focus is to grow mineral resources and sequentially re-develop the high-grade Corner Bay (Cu-Au), Cedar Bay (Au-Cu), Joe Mann (Au), and Copper Rand (Au-Cu) deposits. The Company’s ongoing fully-funded 35,000-metre drilling program for 2020 and early 2021 is expected to lead to an updated mineral resource estimate and a Preliminary Economic Assessment (PEA) in 2021.

For further information regarding Doré Copper, please visit the Company’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com.

For further information, please contact:

Laurie Gaborit
VP Investor Relations
Phone: (416) 219-2049
Email:  

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the terms of the Upsized Offering, the use of proceeds of the Upsized Offering, the timing and ability of the Corporation to close the Upsized Offering, the timing and ability of the Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Doré Copper announces up to c$5 million non-brokered private placement

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Not for distribution to United States news wire services or for dissemination in the United States

Toronto, OntarioDecember 9, 2020 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC, OTCQB: DRCMF) is pleased to announce a non-brokered private placement of up to 7,353,000 common shares in the capital of the Corporation (the “Offered Shares“) at a price of C$0.68 per Offered Share, which is an 8% discount to the 5-day volume weighted average price, for aggregate gross proceeds of up to C$5,000,040 (the “Offering“). 

The Corporation intends to use the net proceeds from the Offering to fund project milestone payments, exploration and development activities, and general working capital expenses.

In connection with the Offering, certain arm’s-length parties may receive a cash finder’s fee payment equal to up to 6% of the gross proceeds of the Offered Shares that are sold to subscribers introduced by such parties, and warrants (the “Finder’s Warrants“) to purchase that number of common shares in the capital of the Corporation (the “Finder’s Warrant Shares“) equal to up to 6% of the Offered Shares that are sold to subscribers introduced by such parties, with each Finder’s Warrant being exercisable for one Finder’s Warrant Share at a price of C$0.68 per Finder’s Warrant Share for a period of two years from the date of the closing of the Offering. The finder’s fee payment and the Finder’s Warrants are subject to the approval of, and will be issued in accordance with the rules of, the TSX Venture Exchange (the “Exchange“).

The Offering may be completed in multiple tranches, with the closing of the final tranche expected to occur on or before January 15, 2021. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the Exchange. The securities issued pursuant to the Offering will be subject to a four month hold period from the date of issuance in accordance with applicable Canadian securities laws.

The Offered Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

About Doré Copper

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau mining camp that has historically produced 1.6 B lbs of copper and 3.2 M oz of gold. In addition, the Company has optioned the high-grade Joe Mann gold mine (historical production 1.17 M oz at 8.26 g/t Au). The land package includes 12 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand Mill). 

The Company’s objective is to create a profitable hub-and-spoke operation with its high-grade copper-gold assets. The Company’s current focus is to grow mineral resources and sequentially re-develop the high-grade Corner Bay (Cu-Au), Cedar Bay (Au-Cu), Joe Mann (Au), and Copper Rand (Au-Cu) deposits. The Company’s ongoing fully-funded 35,000-metre drilling program for 2020 and early 2021 is expected to lead to an updated mineral resource estimate and a Preliminary Economic Assessment (PEA) in 2021.

For further information regarding Doré Copper, please visit the Company’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com.

For further information, please contact:

Laurie Gaborit

VP Investor Relations
Phone: (416) 219-2049
Email:  

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Corporation to close the Offering, the timing and ability of the Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Doré Copper posts third quarter 2020 financial results on Sedar

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Toronto, Ontario December 1, 2020 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC, OTCQB: DRCMF) has posted its third quarter 2020 financial statements and MD&A on SEDAR. 

In addition, the Company announces that it has retained Alpha Bronze, LLC. (“Alpha Bronze”) to provide certain investor relations services in the United States. Under the terms of the agreement, Doré Copper will pay Alpha Bronze a monthly fee of US$5,500 for a period of 12 months. Alpha Bronze will also receive 150,000 stock options (the “Options”) with a term of two years, vesting 25% after three, six, nine and 12 months.  At the time of this press release, neither Alpha Bronze nor its principals had any direct or indirect interest in Doré Copper securities. 

The Company is also issuing an additional 85,000 stock options to a service provider. 

The exercise price of the Options will be set at the Company’s closing share price on December 1,2020.

About Doré Copper

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau mining camp that has produced 1.6 B lbs of copper and 3.2 M oz of gold. In addition, the Company has optioned the high-grade Joe Mann gold mine (production 1.17 M oz at 8.26 g/t Au). The land package includes 12 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand Mill). 

The Company’s objective is to create a profitable hub-and-spoke operation with its high-grade copper-gold assets. The Company’s current focus is to grow mineral resources and sequentially re-develop the high-grade Corner Bay (Cu-Au), Cedar Bay (Au-Cu), Joe Mann (Au), and Copper Rand (Au-Cu) deposits. The Company’s ongoing fully-funded 35,000-metre drilling program for 2020 and early 2021 is expected to lead to an updated mineral resource estimate and a Preliminary Economic Assessment (PEA) in 2021. 

For further information regarding Doré Copper, please visit the Company’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com. 

For further information, please contact:

Laurie Gaborit
Vice President Investor Relations 
Phone: (416) 219-2049
Email:  

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Doré Copper begins trading on OTCQB market under ticker DRCMF

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Toronto, OntarioOctober 21, 2020Doré Copper Mining Corp. (the “Company” or “Doré Copper”) (TSXV: DCMC; OTCQB: DRCMF) is pleased to announce that effective October 21, 2020, it has commenced freely trading on the OTCQB Venture Marketplace (“OTCQB”) under the symbol “DRCMF”.

Ernest Mast, President and CEO stated, With gold prices at all time highs and expected strong market conditions for copper, it is the right time to trade on the OTCQB to make the Company accessible to a much broader range of U.S. investors and assist in our goal of increasing liquidity and visibility in the U.S. We look forward to introducing our high-grade copper and gold assets to new investors in the U.S. Given that we have existing mine infrastructure, including a 2,700 tonne-per-day mill, Doré Copper remains focused on expanding resources through the drill bit with the view to an eventual hub-and-spoke restart.”

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.  

The OTCQB is a marketplace for entrepreneurial and development stage U.S. and international companies that are committed to providing a high-quality trading and information experience for their US investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process.

About Doré Copper

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau mining camp that has produced 1.6 B lbs of copper and 3.2 M oz of gold. In addition, the Company has optioned the high-grade Joe Mann gold mine (production 1.17 M oz at 8.26 g/t Au). The land package includes 12 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand Mill). 

The Company’s objective is to create a profitable hub-and-spoke operation with its high-grade copper-gold assets. The Company’s current focus is to grow mineral resources and sequentially re-develop the high-grade Corner Bay (Cu-Au), Cedar Bay (Au-Cu), Joe Mann (Au), and Copper Rand (Au-Cu) deposits. The Company’s ongoing fully-funded 35,000-metre drilling program for 2020 and early 2021 is expected to lead to an updated mineral resource estimate and a Preliminary Economic Assessment (PEA) in 2021. 

To date, the Company has completed 20,000 metres of drilling at both Corner Bay and Cedar Bay with positive results and has started to drill a number of high-grade gold targets at the former Joe Mann mine.

For further information regarding Doré Copper, please visit the Company’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com. 

Ernest Mast
President and Chief Executive Officer
Phone: (416) 792-2229
Email: 

Laurie Gaborit
Vice President, Investor Relations
Phone: (416) 219-2049
Email: 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Doré Copper To Webcast Live At The Gold Mining Investment Opportunities In The Province Of Quebec Conference On October 6

Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com

TORONTO, Sept. 30, 2020 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC) is pleased to announce that Ernest Mast, President & CEO, will present live at VirtualInvestorConferences.com on Tuesday, October 6 for the Gold Mining Investment Opportunities in the Province of Quebec conference. 

DATE: Tuesday, October 6th  
TIME: 3:30 PM ET
LINK: https://bit.ly/32Nlckl

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.virtualinvestorconferences.com.

Recent Company Highlights

  • Latest intercepts at Cedar Bay extend mineralization by approximately 250 meters downdip on the 10-20A vein: 1.7 m of 7.57 g/t Au, 1.65% Cu and 15.8 g/t Ag, and by 75 meters on the Central Vein: 3.4 m of 6.92% Cu, 3.1 g/t Au and 24.2 g/t Ag (news release dated September 15, 2020)
  • Step out drilling at Corner Bay extends mineralization by 125 meters along strike:  6.45 m at 4.1% copper and 0.38 g/t gold (news release dated September 17, 2020)

About Doré Copper

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau mining camp that has produced 1.6 B lbs of copper and 3.2 M oz of gold. In addition, the Company has optioned the high-grade Joe Mann gold mine (production 1.17 M oz at 8.26 g/t Au). The land package includes 12 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand Mill).

The Company’s objective is to create a profitable hub-and-spoke operation with its high-grade copper-gold assets. The Company’s current focus is to grow mineral resources and sequentially re-develop the high-grade Corner Bay (Cu-Au), Cedar Bay (Au-Cu), Joe Mann (Au), and Copper Rand (Au-Cu) deposits. The Company’s ongoing fully-funded 35,000-metre drilling program for 2020 and early 2021 is expected to lead to an updated mineral resource estimate and a Preliminary Economic Assessment (PEA) in 2021.

To date, the Company has completed 20,000 metres of drilling at both Corner Bay and Cedar Bay with positive results and has just started to drill a number of high-grade gold targets at the former Joe Mann mine (production 1.17 M oz at 8.26 g/t Au).

For further information regarding Doré Copper, please visit the Company’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com.

Ernest Mast
President and Chief Executive Officer
Phone: (416) 792-2229
Email: 

Laurie Gaborit
Vice President, Investor Relations
Phone: (416) 219-2049
Email: 

About Virtual Investor Conferences

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group’s suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Doré Copper stepout drilling extends Corner Bay mineralization by 125 meters intersecting 6.45 meters at 4.1% Copper and 0.38 g/t Gold

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Toronto, OntarioSeptember 17, 2020 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC) is pleased to announce two additional intercepts from its 2020 drill program at the Corner Bay deposit located in the Chibougamau mining camp, approximately 45 kilometers by road from Chibougamau, Québec. Today’s results follow up on the drill holes announced on March 3 and April 22, 2020. The two holes extend the Corner Bay deposit by approximately 125 meters along strike to the south over a downdip length of approximately 300 meters. The deposit remains open along strike and down plunge.

Drilling Highlights

  • CB-20-18: 6.3 meters of 3.03% Cu, 0.11 g/t Au and 6.6 g/t Ag (TW approx. 4.0 meters)
  • CB-20-19: 6.45 meters of 4.10% Cu, 0.38 g/t Au and 13.2 g/t Ag (TW approx. 3.7 meters)

Ernest Mast, President and CEO of Doré Copper stated, “These latest two intercepts at Corner Bay demonstrate the excellent continuity of mineralization and support the potential for additional growth towards the south along strike and down plunge. In addition, the Corner Bay deposit is open in numerous other directions that will be tested over the course of 2020 and early 2021. The plan is to update the current mineral resource estimate by H1/2021 to support an eventual hub-and-spoke restart of the camp using our existing 2,700 tpd mil with Corner Bay as the main feed to the mill.” 

 Corner Bay Drill Program

The intercepts in holes CB-20-18 and CB-20-19 have extended the main deposit on the west side of the diorite dyke by an additional 125 meters to the south and over a downdip length of approximately 300 meters (See Table 1 and Figure 1). These holes follow up the 2020 results announced on March 3 and April 22 that included CB-20-17 that intersected 7.0 meters of 9.08% Cu and 0.41 g/t Au (Refer to Table 2 for prior results).

Table 1. Corner Bay Property Drill Assay Highlights from the 2020 Drill Program

Hole2From(m)To(m)Width1(m)Cu(%)Au(g/t)Ag(g/t)
CB-20-181,021.91,028.26.303.030.116.6
CB-20-191,160.751,167.26.454.100.3813.2
Including1,164.851,167.22.356.100.7415.3
  1. True widths are estimated to be 63% for CB-20-18 and 58% for CB-20-19.

  2. Hole CB-20-18 was drilled with an azimuth 90 degrees and dip of -66 degrees. Hole CB-19 was drilled with an azimuth of 84 degrees and dip of -70 degrees.

Results to date from the 2020 drill program at Corner Bay demonstrate the potential for expansion to the south and down plunge and also below the dyke to the north and up dip (See Figure 2)

Table 2. Prior intercepts from the Current Drill Program

HoleFrom(m)To(m)Width1(m)Cu(%)Au(g/t)Ag(g/t)
CB-19-08899.3902.22.91.520.117.3
CB-20-12850.6852.852.253.210.1118.8
CB-20-13862.5863.10.61.890.104.0
907.4910.12.71.400.057.3
CB-20-14805.7806.71.00.790.146.0
CB-20-151,066.151,073.67.452.380.124.2
Including1,068.951,072.63.653.650.186.2
CB-20-161,187.951,195.27.252.460.595.0
CB-20-16W11,156.01,158.32.32.670.176.2
CB-20-17974.0981.07.09.080.4130.6
Including976.0980.754.7511.070.4836.1
  1. True widths estimated to be 60%-65% of downhole lengths.
Figure 1. Long section View of the Southern Area of the Corner Bay Main Zone Below the Dyke Including the Two Most Recent Intercepts. 
Figure 2. Long section of the Main Vein of the Corner Bay Deposit Indicating Areas Where the Deposit is Open. The diorite dyke is vertical and the Main Vein dips approximately 75 degrees to the west (out of the page). Therefore, the dyke splits the mineralized body with the upper portion to the east of the dyke and the deeper portion to the west. There is mineralization on each side of the dyke at respective levels. 

Corner Bay’s mineral resource consists of an indicated resource of 1.35 million tonnes (Mt) at 3.01% Cu and 0.29 g/t Au (containing 89.8 million pounds (Mlb) of copper and 13,000 ounces of gold) and an inferred resource of 1.66 Mt at 3.84% Cu and 0.27 g/t Au (containing 140.3 Mlb of copper and 15,000 ounces of gold), assuming a cut-off grade of 1.5% Cu and a copper price of US$3.25 per pound (Source: Technical Report on the Corner Bay and Cedar Bay Projects, Northwest Québec, Canada, dated June 15, 2019, prepared by Luke Evans, M.Sc., P.Eng.). 

Cedar Bay and Joe Mann Properties

The Company’s other properties that are being actively explored in the current drill program are the Cedar Bay and the optioned Joe Mann properties. In both cases, the Company is targeting high-grade gold and/or copper extensions of the deposits beneath existing workings, along strike of known mineralization, and at parallel structures to the main mining zones. Drilling has commenced at Joe Mann as described in Company’s July 30, 2020 news release. 

Drilling and Quality Control

The Company is using Miiken Drilling as the drilling contractor. Miiken is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory. 

Sample preparation and assays were done at SGS lab in Val-d’Or, Quebec. Samples were weighed, dried, crushed to 75% passing 2 mm, split 250 g, pulverized to 85% passing 75 microns. Samples were then fire assayed for Au (30 g) and sodium peroxide fusion ICP-MS finish for 34 elements.

QA/QC is done in house by Doré Copper Geologists with oversight from the Exploration Manager, The check samples (blanks and standards – 4% of total samples with another 2% of core duplicates) that were inserted into the sample batches are verified against their certified values and are deemed a pass if they are within 3 standard deviations of the certified value. The duplicates are evaluated against each other to determine mineralization distribution (nugget). If there are large discrepancies in the check samples, then the entire batch is requested to be re-assayed.

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Doré Copper

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau mining camp that has produced 1.6 B lbs of copper and 3.2 M oz of gold. In addition, the Company has optioned the high-grade Joe Mann gold mine (production 1.17 M oz at 8.26 g/t Au). The land package includes 12 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand Mill). 

The Company’s current focus is to grow mineral resources and re-develop the high-grade Corner Bay (Cu-Au), Cedar Bay (Au-Cu), and Joe Mann (Au) deposits. The Company’s ongoing fully-funded 35,000-metre drilling program for 2020 and early 2021 is expected to lead to an updated mineral resource estimate and a Preliminary Economic Assessment (PEA) in 2021. 

For further information regarding Doré Copper, please visit the Company’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com. 

For further information, please contact:

Ernest Mast
President and Chief Executive Officer
Phone: (416) 792-2229
Email: 

Laurie Gaborit
Vice President, Investor Relations
Phone: (416) 219-2049
Email: 

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the timing and ability of the Company to receive necessary regulatory approvals, and the plans, operations and prospects of the Company and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required regulatory approvals, health emergencies, pandemics and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Doré Copper intersects 6.92% Copper, 3.1 g/t Gold and 24.2 g/t Silver over 3.4 meters at Cedar Bay Central Vein

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Toronto, Ontario September 15, 2020 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC) is pleased to announce results from its ongoing 2020 drill program at the Cedar Bay deposit, located in the Lac Doré mining camp near Chibougamau, Québec. Today’s results demonstrate the extensions of the Cedar Bay Central, 10-20 A and B veins.

Drilling Highlights

  • CDR-20-08AW1 – Central vein: 3.4 meters of 6.92% copper (Cu), 3.1 g/t gold (Au), and 24.2 g/t silver (Ag) approximately 75 meters down dip and along strike from hole CB-27-9 that intercepted 2.0 meters (TW) of 15.2 g/t Au and 4.8% Cu and 100 meters up dip and along strike from hole CDR-20-04C that intercepted 1.2 meters (TW) of 14.2% Cu and 1.16 g/t Au.
  • CDR-20-08A – 10-20A vein: 1.7 meters of 7.57 g/t Au, 1.65% Cu and 15.8 g/t Ag. This is located approximately 250 m down plunge of CDR-18-02W2 that intercepted 2.9 meters (TW) of 12.25 g/t Au and 1.2% Cu.

Ernest Mast, President and CEO of Doré Copper stated, “These latest intercepts at Cedar Bay potentially extend the mineralization of the Central, 10-20 A and 10-20 B veins. The higher-grade gold nature of the intercepts supports the thesis of orogenic gold enrichment of the Cedar Bay veins. The intercept on the Central vein follows up on the high-grade intercept CDR-20-04C of 14.2% Cu over 1.5 meters from earlier this year. The large potential downdip extension of the 10-20 A and B veins is extremely promising.   Following the completion of the drilling campaign, the Company is expected to have an updated mineral resource estimate by H1/21 to support an eventual hub-and-spoke restart of the camp along with the Corner Bay and Joe Mann deposits using our existing 2,700 tpd mill as a central processing facility.”

Cedar Bay Drill Program

The two holes crossed the Main, Central and 10-20A and 10-20B veins. Mineralized intercepts are highlighted in Table 1 with hole locations on Figure 1

Hole CDR 20-08A was drilled from the west close to the collar location used in the 2018 drill program when the Company was private. The hole was initiated with an azimuth of 66 degrees and a dip of -63.5 degrees. Hole CDR-20-08AW1 was then wedged at a depth of 700 meters. The Central vein and 10-20 veins that are adjacent to the existing shaft were targeted (Figure 2).

Prior drill results from Cedar Bay were announced on August 4, 2020 for the Central vein, Main Vein, Zone 21 and the Copper Cliff Crown Pillar. Of note, in the August 4, 2020 news release, hole CDR-20-04C intersected 1.2 meters (TW) of 14.2% Cu and 1.16 g/t Au. Hole CDR-20-08AW1 intercepted mineralization between that intercept and a high-grade historic intercept of 2.0 meters (TW) of 15.2 g/t Au and 4.8% Cu from hole CB-27-9.

The vertical extension of the 10-20 A and 10-20 B structures was extended by approximately 250 meters downdip as demonstrated by Hole CDR-20-08AW1. The structure between the CDR-20-08AW1 intercepts and the historical holes on the 10-20 A and B structures will be tested by CDR-20-08AW2.

Table 1. Cedar Bay Property Drill Assay Highlights

HoleStructureFrom(m)To(m)Length1 (m)Cu(%)Au(g/t)Ag(g/t)
CDR-20-08A10-20A1,454.51,456.21.71.657.5717.4
CDR 20- 08A-10-20B1,440.21,442.42.21.671.6720.7
CDR-20-08AW1Main1,090.41,093.02.60.961.888.7
CDR-20-08AW1Central1,315.51,318.93.46.923.1024.2
The true width of the structures intersected is estimated at approximately 50% of the downhole width.
Figure 1. Plan View of the 2020 Drill Program 

Figure 2. Isometric View Showing the Vein Shapes from the 2019 NI 43-101 Technical Report and Drill Traces of 2020 Drill Holes Including CDR-20-08A and CDR-20-08AW1 

Cedar Bay Property 

The Cedar Bay property is located five kilometers by road from the Company’s Copper Rand Mill that operated from 1959 to 1990 producing 3.9 million tonnes grading 1.63% Cu and 3.21 g/t Au. The deposit is comprised of multiple parallel to sub-parallel, NW-SE striking, steeply dipping extensional shears which are mineralized with semi-massive to massive sulfides (Cpy +/- Py +/- Po). All deposits along the Lac Doré complex share the same general attributes. At Cedar Bay, there are currently five identified parallel zones – Main 1 and 2, Central, 10-20 A and B (from SW to NE), as well as several other smaller lenses in between.

Cedar Bay’s mineral resources consist of an indicated resource of 130,000 tonnes grading 9.44 g/t Au and 1.55% Cu and an inferred resource of 230,000 tonnes grading 8.32 g/t Au and 2.13% Cu, all located in the 10-20A, 10-20B and Central structures (2019 NI 43-101 Technical Report – all resources are reported on a minimum 2 meter vein width).

Drilling and Quality Control

The Company is using Miiken Drilling as the drilling contractor. Miiken is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory.

Sample preparation and assays were done at SGS lab in Val-d’Or, Québec. Samples were weighed, dried, crushed to 75% passing 2 mm, split 250 g, pulverized to 85% passing 75 microns. Samples were then fire assayed for Au (30 g) and sodium peroxide fusion ICP-MS finish for 34 elements.

QA/QC is done in house by Doré Copper Geologists with oversight from the Exploration Manager, The check samples (blanks and standards – 4% of total samples with another 2% of core duplicates) that were inserted into the sample batches are verified against their certified values and are deemed a pass if they are within 3 standard deviations of the certified value. The duplicates are evaluated against each other to determine mineralization distribution (nugget). If there are large discrepancies in the check samples, then the entire batch is requested to be re-assayed.

Historical drilling results disclosed in this news release about Corner Bay and Cedar Bay are taken from the technical report entitled “Technical Report on the Corner Bay and Cedar Bay Projects, Northwest Québec, Canada” dated June 15, 2019, prepared by Luke Evans, M.Sc., P.Eng., which is available under Doré Copper’s profile on SEDAR at www.sedar.com. 

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Doré Copper 

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau mining camp that has produced 1.6 B lbs of copper and 3.2 M oz of gold. In addition, the Company has optioned the high-grade Joe Mann gold mine (production 1.17 M oz at 8.26 g/t Au). The land package includes 12 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand Mill). 

The Company’s current focus is to grow mineral resources and re-develop the high-grade Corner Bay (Cu-Au), Cedar Bay (Au-Cu), and Joe Mann (Au) deposits. The Company’s ongoing fully-funded 35,000-metre drilling program for 2020 and early 2021 is expected to lead to an updated mineral resource estimate and a Preliminary Economic Assessment (PEA) in 2021.  

For further information regarding Doré Copper, please visit the Company’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com. 

Ernest Mast
President and Chief Executive Officer
Phone: (416) 792-2229
Email:

Laurie Gaborit
Vice President, Investor Relations
Phone: (416) 219-2049
Email:

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the timing and ability of the Company to receive necessary regulatory approvals, and the plans, operations and prospects of the Company and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required regulatory approvals, health emergencies, pandemics and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Doré Copper announces Laurie Gaborit as VP Investor Relations

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Toronto, Ontario, September 1st, 2020. Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC) is pleased to announce that effective today, it has retained the services of LG IRServices Ltd. of Toronto, Canada to provide investor relations and capital markets advisory services to the Company.

LG IRServices Ltd., led by Mrs. Laurie Gaborit, will represent the Company as its VP Investor Relations. The main functions will be to disseminate and maintain contact with the financial community including shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. Mrs. Gaborit will coordinate the Company’s investor relations initiatives, including its participation in investment conferences and investor events. Her role at Doré Copper will also focus on fostering productive, continuing dialogues with analysts, brokers, financial advisors and other investment professionals.

Laurie has over 20 years of investor relations and corporate communications experience in the mining industry. She is currently a Board member of Monarch Gold Corporation and Gold Terra Resource Corp. She recently held the position of Vice President, Investor Relations, at Detour Gold Corporation. As a key member of Detour Gold’s management team, she participated in the company’s initial public offering in 2007 and its transformation from exploration company to intermediate gold producer within a seven-year period, during which time Detour Gold’s market capitalization increased from $120 million to over $3 billion. Previously, she was Vice President, Investor Relations and Corporate Secretary for High River Gold Mines and Manager, Investor Relations for Rio Narcea Gold Mines. Mrs. Gaborit started her career as a geologist. She holds a Bachelor of Science in Geology (Hons.) and is a member of the Canadian Investor Relations Institute (CIRI) Board. In 2019, she was the recipient of the CIRI Belle Mulligan Award for Leadership in Investor Relations.

Ernest Mast, President and CEO of Doré Copper stated, “We are very pleased to announce that Laurie will be joining our team. She will give our young Company a strong IR presence in the market and amongst investors at a time when we will have strong news flow from our current exploration programs that are targeting high grade copper and gold step-outs at three existing deposits. Her experience and skills will be important as we transition from an exploration company to a development company in the future.”

The agreement has an indefinite term with a monthly fee of $8,000 and the option to acquire 30,000 common shares of Doré Copper at a price of $0.96 per share. The options have a five-year term and will vest over a 24-month period, in accordance with the Company’s stock option plan and Policy 3.4 of the TSXV. This investor relations agreement as well as the professional engagement fees and granting of stock options is subject to TSX Venture Exchange approval.

About Doré Copper Mining Corp.

Doré Copper is engaged in the acquisition, exploration and evaluation of mineral properties. Doré Copper completed a qualifying transaction on December 13, 2019, establishing itself as a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper, through its wholly owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay project and the exploration-stage Cedar Bay project, both located in the vicinity of Chibougamau, Québec, as well as the 2,700-tonne-per-day Copper Rand processing mill. Doré Copper has an option agreement to acquire 100% of the Joe Mann property (see press release dated January 2, 2020), whereby if certain payments and spending requirements are met over a three-year period, the Company will become the 100% owner of the 1,990-hectare property.

For further information regarding Doré Copper, please visit the Company’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com. 

For further information, please contact:

Ernest Mast 
President and Chief Executive Officer
Phone: (416) 792-2229
Email:  

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the timing and ability of the Company to receive necessary regulatory approvals, and the plans, operations and prospects of the Company and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required regulatory approvals, health emergencies, pandemics and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Doré Copper announces closing of c$3.1 million private placement of flow-through shares, including partial exercise of agents’ option

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Not for distribution to United States news wire services or for dissemination in the United States

Toronto, Ontario August 25, 2020 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC) is pleased to announce that it has closed its previously announced “best efforts” brokered private placement (the “Offering“), pursuant to which the Corporation sold an aggregate of 2,662,072 common shares in the capital of the Corporation that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and, in relation to common shares issued to residents in Québec, section 359.1 of the Taxation Act (Québec) (collectively, the “Flow-Through Shares“), for aggregate gross proceeds of C$3,121,476.64, including partial exercise of the agents’ option. The Flow-Through Shares were issued in two tranches with the first tranche consisting of 1,749,450 Flow-Through Shares issued to residents of Québec at a price of C$1.20 per Flow-Through Share for aggregate gross proceeds of C$2,099,340 and the second tranche consisting of 912,622 Flow-Through Shares issued to residents outside of Québec at a price of C$1.12 per Flow-Through Share for aggregate gross proceeds of C$1,022,136.64.

Canaccord Genuity Corp. and Red Cloud Securities Inc. acted as agents (the “Agents“) in connection with the Offering pursuant to the terms of an agency agreement dated August 25, 2020. In consideration for their services in connection with the Offering, the Corporation paid the Agents a cash commission equal to 6% of the aggregate gross proceeds from the sale of Flow-Through Shares, and a reduced cash commission equal to 3% of the aggregate gross proceeds from the sale of Flow-Through Shares to certain purchasers. As additional consideration for their services in connection with the closing of the Offering, the Corporation issued the Agents non-transferable broker warrants of the Corporation (“Broker Warrants“) equal to 6% of the aggregate number of Flow-Through Shares issued. Each Broker Warrant is exercisable to acquire one common share in the capital of the Corporation at an exercise price of C$1.12 per share until August 25, 2022.

In addition, Leede Jones Gable Inc. acted as a finder (the “Finder“) in connection with the Offering. In consideration for acting as a finder in connection with the Offering, the Corporation paid the Finder a cash commission equal to 3% of the aggregate gross proceeds from the sale of Flow-Through Shares arranged by the Finder and issued the Finder Broker Warrants equal to 3% of the aggregate number of Flow-Through Shares issued to purchasers arranged by the Finder on the same terms as the Broker Warrants issued to the Agents. The cash commission payable and the Broker Warrants issuable to the Agents on the sale of Flow-Through Shares arranged by the Finder was reduced accordingly.

The Corporation will use an amount equal to the gross proceeds received by the Corporation from the sale of the Flow-Through Shares, pursuant to the provisions in the Income Tax Act (Canada) and the Taxation Act (Québec), to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures“) on or before December 31, 2021, and will renounce all of the Qualifying Expenditures in favour of the purchasers of the Flow-Through Shares effective December 31, 2020. In addition, with respect to Québec resident purchasers of the Flow-Through Shares who are eligible individuals under the Taxation Act (Québec), the Canadian exploration expenses will also qualify for inclusion in the “exploration base relating to certain Québec exploration expenses” within the meaning of section 726.4.10 of the Taxation Act (Québec) and for inclusion in the “exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses” within the meaning of section 726.4.17.2 of the Taxation Act (Québec).

The Offering was made by way of private placement in Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws. The securities issued in connection with the Offering are subject to a hold period under applicable Canadian securities laws which will expire on December 26, 2020. The Offering is subject to final acceptance of the TSX Venture Exchange.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United States absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Doré Copper Mining Corp.

Doré Copper is engaged in the acquisition, exploration and evaluation of mineral properties.

Doré Copper completed a qualifying transaction on December 13, 2019 establishing itself as a copper-gold explorer and developer in the Chibougamau area of Québec, Canada.

Doré Copper, through its wholly-owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay Project and the exploration-stage Cedar Bay Project, and an option to acquire 100% of the past producing Joe Mann gold mine (see press release dated January 2, 2020), all located in the vicinity of Chibougamau, Québec. The Corner Bay Project has an indicated resource of 1.35 Mt at average grades of 3.01% Cu and 0.29 g/t Au, containing 89.8 Mlb of copper and 13,000 ounces of gold, and an inferred resource of 1.66 Mt at average grades of 3.84% Cu and 0.27 g/t Au, containing 140.3 Mlb of copper and 15,000 ounces of gold, assuming a cut-off grade of 1.5% Cu and a copper price of US$3.25 per pound. The Cedar Bay Project has an indicated resource of 130 kt at average grades of 9.44 g/t Au and 1.55% Cu, containing 39,000 ounces of gold and 4.4 Mlb of copper, and an inferred resource of 230 kt at average grades of 8.32 g/t Au and 2.13% Cu, containing 61,000 ounces of gold and 10.8 Mlb of copper, assuming a cut-off grade of 2.9 g/t Au and a gold price of US$1,400 per ounce. Doré Copper’s 2020 drill program at Corner Bay and Cedar Bay has been successful in intercepting mineralization at both Projects. Both deposits are open in various directions along strike and down dip. Both the Corner Bay Project and the Cedar Bay Project are accessible by road and are approximately 20 km apart. Mineralization from both the Corner Bay Project and the Cedar Bay Project would be treated along with material from the Joe Mann mine at Doré Copper’s Copper Rand concentrator located 8 km southwest of Chibougamau, Québec.

For further information, please see the technical report entitled “Technical Report on the Corner Bay and Cedar Bay Projects, Northwest, Québec, Canada” dated June 15, 2019, prepared by Luke Evans, M.Sc., P.Eng., which is available under Doré Copper’s profile on SEDAR at www.sedar.com.

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

For further information, please contact:

Ernest Mast 

President and Chief Executive Officer
Phone: (416) 792-2229
Email:  

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the use of proceeds of the Offering, the timing and ability of the Corporation to receive final acceptance of the Offering from the TSX Venture Exchange, and the plans, operations and prospects of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.