Doré Copper Mining Corp. listed on the TSX Venture Exchange (TSX-V) after completing a Qualifying Transaction in December 2019, establishing itself as a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. The Corporation, through its wholly-owned subsidiary CBAY Minerals Inc., has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has produced 1.6 billion pounds of copper and 4.4 million ounces of gold1. The land package includes 13 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 Corporation’s current focus is to implement its hub-and-spoke development strategy by advancing its key high-grade copper-gold brownfield projects towards a restart of operations. Our goal is to achieve an annual production of 60 M lbs of copper equivalent (or 100,000 oz gold equivalent).
Doré Copper plans to deliver a preliminary economic assessment (PEA) of its hub-and-spoke model in late 2021. Currently, the Corporation is completing a 30,000-metre drilling program at its flagship Corner Bay (Cu-Au) project which will lead to an updated mineral resource estimate in early Q3 2021 and working towards a maiden mineral resource estimate for the former producing Joe Mann mine (Au-Cu) by mid-July 2021. In addition, Doré Copper also continues its exploration on other advanced stage properties as well as blue-sky opportunities in the re-emerging Lac Dore/Chibougamau mining camp.
1. Sources for historic production figures: Economic Geology, v. 107, pp. 963–989 – Structural and Stratigraphic Controls on Magmatic, Volcanogenic, and Shear Zone-Hosted Mineralization in the Chapais-Chibougamau Mining Camp, Northeastern Abitibi, Canada by François Leclerc et al. (Lac Dore/Chibougamau mining camp) and NI 43-101 Technical Report on the Joe Mann Property dated January 11, 2016 by Geologica Groupe-Conseil Inc. for Jessie Ressources Inc. (Joe Mann mine).