news-releases - Doré Copper Mining Corp - Page 8

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.

Doré Copper Announces Up to C$3 Million Private Placement of Flow-Through Shares

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TORONTO, Aug. 7, 2020 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., on behalf of itself and a syndicate of agents including Red Cloud Securities Inc. (together, the “Agents“), in connection with a “best efforts” private placement (the “Offering“) of up to approximately C$3 million of common shares of the Corporation (“Common Shares“) that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Federal Flow-Through Shares“), and, in relation to the Common Shares issued to residents of Québec, section 359.1 of the Taxation Act (Québec) (the “Québec Flow-Through Shares” and together with the Federal Flow-Through Shares, the “Flow-Through Shares“). The Federal Flow-Through Shares will be issued to residents outside of Québec at an issue price of C$1.12 per Federal Flow-Through Share and the Québec Flow-Through Shares will be issued to residents of Québec at an issue price of C$1.20 per Québec Flow-Through Share.

The Corporation has also granted the Agents an option, exercisable in whole or in part at any time up to 48 hours prior to closing of the Offering, which will allow the Agents to sell up to an additional $450,000 of Federal Flow-Through Shares and/or Québec Flow-Through Shares on the same terms.

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 to renounce all the Qualifying Expenditures in favour of the subscribers of the Flow-Through Shares effective December 31, 2020. In addition, with respect to Québec resident subscribers 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 is expected to close on or about August 25, 2020 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional acceptance of the TSX Venture Exchange. The Offering is being made by way of private placement in Canada. The securities issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering.

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 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

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 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 intersects 14.2% Copper, 1.16 g/t Gold and 28.0 g/t Silver over 1.5 meters at Cedar Bay and intersects High-grade vein in crown pillar at Copper Cliff

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Toronto, Ontario August 5, 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. These results show the extension of the Cedar Bay Central Vein and has identified new targets in Zone 21 and the Crown Pillar of the adjacent Copper Cliff mine. The Cedar Bay program is focused on testing the lateral extension of the 10-20 and Central veins and the vertical extension of the Main vein. Ongoing drilling is testing the down-dip extension of historical intercepts on the 10-20A and 10-20B veins and the Main vein below the lowest historic mine workings. 

Drilling Highlights (refer to Table 1):

  • CDR-20-04CB – Central Vein: 1.5 meters of 14.2% copper (Cu), 1.16 g/t gold (Au) and 28.0 g/t silver (Ag) (TW approx. 1.2 meters) approximately 160 meters down dip and along strike from hole CB-27-9 that intercepted 2.0 meters (TW) of 15. g/t Au and 4.8% Cu.
  • CDR-20-07 – Zone 21_1: 2.25 meters of 4.9% Cu, 0.46 g/t Au and 8.6 g/t Ag (TW of approx. 1.3 meters). 
  • Four intercepts in the crown pillar of the adjacent Copper Cliff Mine, including CDR-20-04B intersecting 2.3 meters (TW) of 7.3% Cu, 13.6 g/t Au and 38.4 g/t Ag, with the four intercepts averaging 5.0 meters of 3.65% Cu, 5.31 g/t Au and 20.5 g/t Ag (TW of approx. 2.2 meters) between two intercept areas.

Ernest Mast, President and CEO of Doré Copper Mining Corp. stated, “The latest intercepts at Cedar Bay support the expansion of mineralization in the Central zone with the highest-grade copper intercept received to date. The identification of a potential expansion of Zone 21 and the presence of high-grade veins in the Crown Pillar of the Copper Cliff mine further highlight the upside of this deposit. The results continue to support the 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

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 3,900,000 tonnes grading 1.63% Cu and 3.21 g/t Au. The deposit comprises 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 5 identified parallel zones – Main 1&2, Central, 10_20 A&B (from SW to NE) as well as several other smaller lenses in between.

A plan view is shown in Figure 1 below.

Figure 1. 2018 drilling as well as hole CDR-20-08A was done from the west and the 2020 directional program as well as the follow up hole beneath Zone 21 was done from the East/North side of the deposit.

Cedar Bay has 130,000 tonnes of estimated indicated resources grading 9.44 g/t Au and 1.55% Cu and 230,000 tonnes of inferred resources grading 8.32 g/t Au and 2.13% Cu, all located in the 10-20A, 10-20B and Central structures (In the 2019 43-101 technical report all resources are reported on a minimum 2 m vein width). In addition, at the time of mine closure there are historical resources of 250,000 tonnes grading 5.5 g/t Au and 0.97% Cu in the main vein and 10-20 structures immediately below the deepest mining level of 670 meters (the mine shaft extends to 1036 meters).

Central, Main and 10-20A and 10-20B veins

Holes CDR 20-04 and 20-05 were drilled from the Copper Cliff property to intersect the parallel mineralized structures at Cedar Bay employing directional drilling technology. The holes were drilled to test the strike extensions of the resources defined in 2019. Both holes were initiated with a dip of -60 degrees and then were corrected using Aziwell directional drilling to -19 degrees, -35 degrees (for the two cut-offs on hole 4C) and -38 degrees on hole 5. A third cut was prepared on hole CDR-20-04C and will be drilled once contractor travel can be arranged in the very near future. The holes are targeting mineralization in the Main veins, Central vein and 10-20 veins that are adjacent to the existing shaft (see figure 2 below).


Figure 2. Section view showing the drill traces of the directional holes drilled from Copper Cliff (NE). Yellow trace depicts the pilot hole and cut-offs for hole 4C, blue depicts the trace for hole 5. In bright red are the 10_20A&B veins and the Central vein within which the 2018 resources are contained. The pale red consists of the projected Main zone veins.

The program initiated in early March and was stopped on March 24th due to the COVID-19 measures announced by the Québec government. The program was reinitiated on May 14th and the Company and its contractors implemented protocols to ensure best health practices and communicating these to local stakeholders. After completing the preparation of the third cut on hole CDR-20-04C, the directional drilling crew finished their shift and a replacement group of technicians was not available therefore the down-dip follow-up of hole CDR-20-04CB will be tested at a later date. Drilling is currently testing the down dip from holes CDR-18-02W2 that intercepted 2.4 meters grading 4.54% Cu and 15.4 g/t Au and CDR-18-03 that intercepted 2.4 meters of 1.67% Cu and 19.5 g/t Au on 10-20 A and 3.3 meters grading 5.1 g/t Au and 1.4% Cu on the Central vein. 

Each hole crossed the host structure of the mineralized veins, however, only two of the intercepts on the Central vein, Main vein and 10-20A and 10-20B hit economic-grade mineralization and are highlighted in Table 1. The high-grade copper intercept on hole CDR-20-04CB, 14.2% Cu and 1.16 g/t Au over 1.5 meters is located approximately 160 meters down dip and along strike from hole CB-27-9 that intercepted over a two meter true width, 4.8% Cu and 15.2 g/t Au. The high-grade Central vein remains open down dip and along strike to the north-west. Hole CDR-18-08A and a wedge currently underway will test the area between the two intercepts on the central vein as well as the down-dip extensions of the 10-20 A and B veins. Typically, ore within the Lac Doré complex exhibits a steep plunge. The current drilling will help better characterize the behaviour and plunge of the ore shoots of the Central, 10-20 A and 10-B structures. The intercept on the Main vein, CDR-20-04CB of 2.0 meters grading 2.87 g/t Au and 0.3% Cu is located 160 meters down dip of historic intercept CB-27-3 that intersected 5.8 meters of 2.0 g/t Au and 0.4% Cu. CDR-20-05 was testing the 10-20, Central and Main veins 100 m along strike towards a fault which terminates the mineralization to the SE. 

Zone 21

Zone 21 occurs as the north-easternmost vein at Cedar Bay or south-westernmost at Copper Cliff and was mined over the historic Copper Cliff and Cedar Bay claims. The zone mined had a strike of 150-200 meters and a vertical extent of 400 m (490 m from surface). The western half of the mineralized zone is on Doré Copper land. Hole CDR-20-07 targeted the down-dip extension of the ore body on its west side approximately 40 meters beneath the lowest mining level and intersected 2.25 meters grading 4.9% Cu, 0.46 g/t Au and 8.6 g/t Ag.Twenty-two meters downhole was the intercept of a secondary parallel vein of 2.1 meters grading 2.4% Cu, 0.34 g/t Au, and 8.4 g/t Ag. The deposit remains open down dip and along strike at this level. Hole CDR-20-06 tested Zone 21 approximately 100 meters along strike to the NW of previous mining areas at a depth of 300 meters and did not intersect mineralization.

Copper Cliff Crown Pillar

The Copper Cliff crown pillar is 85 m in height down dip according to historic sections and plans with the first development level being that depth below the surface. In the course of our 2020 program at Cedar Bay, the drill holes were collared at Copper Cliff and drilled SW. Near surface the crown pillar was intersected by 3 of the holes with high-grade Cu and Au mineralization in hole CDR-20-04 (C & CB) and a lower-grade intercept in hole CDR-20-05. Historic drilling crossed more than 4 zones near surface. Further drill testing needs to be completed along strike and from the surface to 85 m as they may provide near-surface potential resources.

Table 1 – Selected drill intercepts from drilling at Cedar Bay as part of the 2020 drill program

Hole
Structure
From
(m)
To
(m)
Depth (vertical m)
True width
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t)
CDR-20-04C
Central
1430.65
1435.05
1077
4.0
0.5
1.0
1.5
CDR 20- 04CB
Central
1554.9
1556.4
1241
1.2
14.2
1.16
28
CDR 20-04CB
Main
1593.7
1597.0
1267
2.0
0.3
2.87
4.2
CDR 20-07
Zone 21_1
600
602.25
530
1.3
4.9
0.46
8.6
CDR 20-07
Zone 21_2
633.85
636
560
1.2
2.4
0.34
8.9
CDR-20-04B
Copper Cliff Crown Pillar
32.7
38
34
2.3
7.3
13.6
38
CDR-20-04C
Copper Cliff Crown Pillar
34.5
39.5
35
2.2
5.8
7.7
36
CDR-20-04
Copper Cliff Crown Pillar
36
40.8
36
2.1
4.9
7.3
25
CDR-20-05
Copper Cliff Crown Pillar
31
36
34
2.2
1.3
1.1
7.8

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 Dore 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 3sd 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.

The historical drilling results disclosed in this news release about Corner Bay and Cedar Bay was 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 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 to commence drilling on High-grade Gold Joe Mann property in Québec

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First drilling program to target high-grade extensions

Toronto, Ontario July 30, 2020 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC) is pleased to announce that it has received the permit associated with the drilling of the Joe Mann property in Québec, Canada. The Joe Mann property is part of the option agreement announced by the Company on January 2, 2020. The Company has also advised local stakeholders of its drilling plans at Joe Mann. Drilling will commence in approximately two weeks once the current drilling program at Doré Copper’s Cedar Bay property is completed. 

“We are excited to focus on our high priority exploration targets at this high-grade gold underground asset that remains open at depth and along strike, given market fundamentals that have strengthened gold prices to record-setting highs,” commented Ernest Mast, President and CEO of Doré Copper.

The two drill rigs will follow up on holes EE-188 and EE-189B that were drilled in 2008 after the mine had ceased operations. Hole EE-188 intersected 3.02 meters grading 30.3 grams per tonne (g/t) gold (Au) and 1.30% copper (Cu). Hole EE-189B intersected 1.88 meters grading 26.66 g/t Au and 0.40% Cu. The intersections are 150 meters apart and approximately 170 meters beneath the lowest mining level in the mine. No prior drilling has occurred to follow up on the high-grade extensions. A long section view of the area that will be drilled is shown below. 

The Joe Mann Gold Mine was one of the highest-grade gold mines in Canada and produced 1.17 million ounces of gold grading 8.26 g/t between 1956 and 2007. The mine is located approximately 60 kilometers from the Company’s Copper Rand mill, where ore from Joe Mann was processed from 2004 until its closure in 2007, and is accessible by all season roads.

Highlights of the Joe Mann Gold Mine:

  • Production of 1.173 million ounces of gold at a grade of 8.26 g/t Au, 607,000 ounces of silver at 5 g/t Ag and 28.7 million pounds of copper at 0.25% Cu (Source: Technical Report on the Joe Mann Mining Property dated January 11, 2016, prepared by Geologica Inc.).
  • Mineralization remains strong and persistent at depth with hole EE-189B intersecting 26.66 g/t Au over 1.8 meters and hole EE-188 intersecting 30.3 g/t Au and 1.3% Cu over 3.02 meters, extending the Main Zone 170 meters down dip.
  • The more recently discovered West Zone, a potential structural off-set remains open and is a high priority future exploration target with historical intercepts including 2.44 meters at 24.62 g/t Au, 3.93 meters at 31.54 g/t Au, 2.62 meters at 24.28 g/t Au and 3.2 meters at 16.1 g/t Au.
  • Exploration potential remains excellent including new parallel zones identified by recent surface prospecting work that lie just several hundred meters to the south of the main mine.
  • Well-developed infrastructure in place including year-round road access, administration office, power and a shaft down to the 1,145-meter level.

The Company plans to drill two holes in close proximity to the historical holes, with a minimum of one wedge per hole. The drill collars will be located on the adjacent property, also named Joe Mann, a joint venture between Jessie Resources (65%) (optioned by Doré Copper) and SOQUEM (35%). The holes will cross an untested area of the Rohault Zone which is part of the 65/35 joint venture. The closest intersection to those planned on Rohault comes from hole H-156 which intersected 0.67 meters at 11.0 g/t Au. SOQUEM will contribute 35% of the field costs of the joint venture. A plan view of Joe Mann’s planned drill holes and infrastructure is presented below.

Andrey Rinta, P.Geo., the Exploration Manager of the Company 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 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 Resumes Drilling at the Cedar Bay Property

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Toronto, Ontario May 14, 2020 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC) announces that it has resumed drilling at its Cedar Bay property. The Québec Government announced that effective May 11th, 2020 exploration may resume in Québec. Guidelines given by the provincial Department of Public Health and Province’s Committee on Standards, Equity, and Occupational Safety (CNESST) will be followed by the Company and its contractors. The Company has also advised local stakeholders of its restart plans.

The two drill holes that were in progress when drilling stopped on March 24th, have resumed without incident and no changes to the Cedar Bay drill program announced on January 6th, 2020 are anticipated. The program will test the 10-20 zone at the shaft level. The 10-20 zone consists of three parallel veins where previous drilling returned numerous high-grade gold and copper intercepts including 2.4 m grading 19.5 g/t Au and 1.67% Cu in hole CDR-18-02, and 2.4 m grading 15.4 g/t Au and 4.54% Cu in hole CDR-18-03. The drill program will also test the main Cedar Bay vein at depth.

Ernest Mast, President and CEO of Doré Copper stated, “We are glad to resume our drilling program. The Cedar Bay property has the potential to be one of the highest grade, gold-copper deposits in the world and is located only five kilometers by road from the Company’s Copper Rand mill.” 

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. 

The historical drilling results disclosed in this news release about Cedar Bay was 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 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-tpd Copper Rand 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 Corporation will become 100% owner of the 1,990-hectare Joe Mann property.

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:

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

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 Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation 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 Corporation with securities regulators. Although the Corporation 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 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 Q4 and Fiscal Year 2019 Financial Statements and MD&A on Sedar and grants Stock Options

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Toronto, Ontario April 30, 2020 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC) has posted its fourth quarter and fiscal year 2019 financial statements and MD&A on SEDAR. The Company has also granted 783,000 stock options to management, directors and consultants. The stock options have an exercise price of $0.66 per share and a term of five years and have been granted in accordance with the Company’s Stock Option plan.

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-tpd Copper Rand 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 Corporation will become 100% owner of the 1,990-hectare Joe Mann property.

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:

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

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 Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation 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 Corporation with securities regulators. Although the Corporation 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 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 Stepout Drilling Extends Corner Bay Mineralization by 200 meters Intersecting 7.25 meters at 2.46% copper, 0.59 g/t gold and 5.0 g/t silver (tw approx. 4.26 meters)

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Toronto, Ontario April 22, 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. These results complete the assays for drill holes announced on March 3rd, 2020. The two holes extend the deposit approximately 200 meters downdip with the deposit remaining open along strike and down plunge.

Highlights:

  • CB-20-16:  7.25 meters of 2.46% Cu, 0.59 g/t Au and 5.0 g/t Ag (TW approx. 4.26 meters).
  • CB-20-16W1: 2.3 meters of 2.67% Cu, 0.17 g/t Au and 6.2 g/t Ag (TW approx. 1.5 meters). This was part of a large mineralized shear zone of 33.1 m (TW 21.85 m) assaying 0.56% Cu. 

The Company’s drilling program was stopped on March 24th when the Québec government announced the stoppage of all non-essential businesses due to the COVID-19 pandemic. Once the government declares mineral exploration an essential business, drilling is expected to resume shortly thereafter at the Cedar Bay deposit where previous drilling returned numerous high-grade intercepts including 2.4 m grading 19.5 g/t Au and 1.67% Cu in hole CDR-18-02, and 2.4 m grading 15.4 g/t Au and 4.54% Cu in hole CDR-18-03. 

Ernest Mast, President and CEO of Doré Copper Mining Corp. stated, “The latest two intercepts at Corner Bay support the continuity of mineralization and demonstrate the potential to continue to grow the deposit towards the south along strike and down plunge. This supports the eventual hub-and-spoke restart of the camp using our existing 2,700 tpd mill. CB-20-16W1 is particularly interesting as the intercept was part of a 33.1 m shear zone that assayed 0.56% Cu. This is one of the thickest mineralized shear zones drilled at Corner Bay indicating potential for higher grade very thick mineralized zones.” 

Corner Bay Drill Program

The CB-20-16 and CB-20-16W1 intercepts extend the main deposit beneath the diorite dyke downdip by approximately 200 meters. These holes follow up the 2020 results announced on March 3rd that include CB-20-17 that intersected 7.0 meters of 9.08% Cu and 0.41 g/t Au.

Table 1 – Drill intercepts from drilling at Corner Bay completing initial 2020 drill program

HoleFrom (m)To (m)Width* (m)Cu (%)Au (g/t)Ag (g/t)
CB-20-161187.951195.27.252.460.595.0
CB-20-16W11156.01158.32.32.670.176.2
*True widths are estimated to be 60% for CB-20-16 and 65% for CB-20-16W1.

Hole CB-20-16 was drilled with an azimuth of 89 degrees and dip of 69.5 degrees. Hole CB-20-16W1 was drilled with an azimuth of 89 degrees and dip after wedge of 66 degrees.

An isometric view of the intercepts is shown below in a long section of the southern area of the deposit below the dyke. 

Figure 1 – Long section view of the southern area of the Corner Bay Main Zone below the dyke including the two most recent intercepts. See Figure 2 for the view of the entire deposit.
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.

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 (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 Property

The Company currently has two drill rigs at Cedar Bay. The drills stopped on March 24th, due to the stoppage of non-essential businesses declared by the Québec government as a response to the COVID-19 pandemic. Once exploration activities will be classified as essential, the Company expects to resume its drilling operations while implementing hygiene and personal distancing measures to stop the spread of the virus.  

The ongoing drill program at Cedar Bay will test the 10-20 zone that consists of three (currently defined) parallel veins where previous drilling returned numerous high-grade copper and gold intercepts including 2.4 m grading 19.5 g/t Au and 1.67% Cu in hole CDR-18-02, and 2.4 m grading 15.4 g/t Au and 4.54% Cu in hole CDR-18-03. The drill program will also test the main Cedar Bay vein at depth.

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 3sd 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.

The historical drilling results disclosed in this news release about Corner Bay and Cedar Bay was 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 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-tpd Copper Rand 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 Corporation will become 100% owner of the 1,990-hectare Joe Mann property.

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:

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

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 Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation 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 Corporation with securities regulators. Although the Corporation 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 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 suspends current Drilling Program consistent with Quebec Government temporary stoppage of non-essential businesses

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Toronto, OntarioMarch 24, 2020 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC) announces that it has suspended its current drilling program. The Quebec Government announced the stoppage of all non-essential businesses effective March 24th at midnight until at least April 13th.  At the time of the suspension two drills were operating at the Cedar Bay property near Chibougamau, Québec. The Corporation anticipates that when non-essential businesses can resume operations, the two drill holes currently underway will be able to resume promptly.

The Corporation will maintain security personnel at the Copper Rand site. Company personnel will follow protocols consistent with minimizing the spread of the Covid-19 virus. 

The drilling at Cedar Bay was part of the drill program announced on January 6th, 2020 (see press release) and will test the 10-20 zone at the shaft level. The 10-20 zone consists of three parallel veins where previous drilling returned numerous high-grade gold and copper intercepts including 2.4 m grading 19.5 g/t Au and 1.67% Cu in hole CDR-18-02, and 2.4 grading 15.4 g/t Au and 4.54% Cu in hole CDR-18-03. The drill program will also test the main Cedar Bay vein at depth.

The Corporation 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. 

The historical drilling results disclosed in this news release about Cedar Bay was 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 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-tpd Copper Rand 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 Corporation will become 100% owner of the 1,990-hectare Joe Mann property.

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:

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

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 Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation 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, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation 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 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.