news-releases - Doré Copper Mining Corp

Doré Copper announces closing of $4.676 million non-brokered private placement of common shares and flow-through shares

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

Toronto, Ontario September 26, 2024 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV:DCMC; OTCQB:DRCMF; FRA:DCM) is pleased to announce that it has closed its previously announced non-brokered private placement offering, pursuant to which the Corporation sold an aggregate of: (i) 20,960,955 common shares in the capital of the Corporation (the “Common Shares“) at a price of $0.105 per Common Share for gross proceeds of approximately $2,200,900; (ii) 1,400,000 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 section 359.1 of the Taxation Act (Québec) (the “Traditional Flow-Through Shares“) at a price of $0.125 per Traditional Flow-Through Share for gross proceeds of $175,000; and (iii) 11,500,000 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 section 359.1 of the Taxation Act (Québec) (the “Charitable Flow-Through Shares” and together with the Traditional Flow-Through Shares, the “Flow-Through Shares“) at a price of $0.20 per Charitable Flow-Through Share for gross proceeds of $2,300,000, for aggregate gross proceeds to the Corporation of approximately $4,675,900(collectively, the “Offering“). The Offering was oversubscribed.

Canaccord Genuity Corp. and Red Cloud Securities Inc. acted as finders (each, a “Finder“) in connection with the Offering. In consideration for acting as a Finder in connection with the Offering, the Corporation paid an aggregate of $3,000 in cash finder’s fees to the Finders, representing 6% of the gross proceeds of the Traditional Flow-Through Shares that were sold to subscribers introduced by such parties, and issued an aggregate of 24,000 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 Traditional Flow-Through 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 $0.105 per Finder’s Warrant Share until September 26, 2026.

The net proceeds from the sale of the Common Shares will be used for exploration and development activities, feasibility study work, permitting activities and for working capital and general corporate purposes. 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), to incur, directly or indirectly, on or before December 31, 2025, expenses (“Qualifying Expenditures“) related to the Corporation’s projects in Québec that are eligible “Canadian exploration expenses” (as defined in the Income Tax Act (Canada)), which will qualify as “flow-through critical mineral mining expenditures” (as defined in the Income Tax Act (Canada)), and renounce all the Qualifying Expenditures in favour of the applicable subscribers of the Flow-Through Shares effective December 31, 2024. In addition, with respect to subscribers who are eligible individuals under the Taxation Act (Québec), the Qualifying Expenditures 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 exploration expenses” within the meaning of section 726.4.17.2 of the Taxation Act (Québec).

Ocean Partners UK Limited (“Ocean Partners“), an insider of the Corporation, and funds managed by Equinox Partners Investment Management, LLC (“Equinox Partners“), an insider of the Corporation, subscribed for 7,719,047 Common Shares and 7,719,048 Common Shares, respectively, under the Offering on the same terms as arm’s length investors. Additionally, the Corporation understands that Ocean Partners and funds managed by Equinox Partners were each party to an arrangement with the initial subscribers of the Charitable Flow-Through Shares or donees thereof, pursuant to which Ocean Partners and funds managed by Equinox Partners each purchased 5,750,000 common shares in the capital of the Corporation. The participation of Ocean Partners and Equinox Partners 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 the related parties nor the fair market value of the consideration for the securities issued to the related parties 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 Offering was made by way of private placement in each of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements and, in the case of the Common Shares, in certain other jurisdictions, in each case in accordance with all applicable laws. The Offering of the Common Shares was conducted on a private placement basis to persons in the United States who are “accredited investors”, as such term is defined in Rule 501(a) of Regulation D (“Regulation D“) under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), and in compliance with Rule 506(b) of Regulation D and applicable United States securities laws. The securities issued under the Offering are subject to a four month hold period under applicable Canadian securities laws which will expire on January 27, 2025. The Offering is subject to final acceptance of the TSX Venture Exchange.

The securities offered have not been, nor will they be, registered under the U.S. Securities Act 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 Mining Corp.

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 million pounds of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill1. The Corporation has delivered its PEA in May 2022 and is proceeding with a feasibility study. 

The Corporation has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold2. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometer radius of the Corporation’s Copper Rand Mill.

For further information, please visit the Corporation’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR+ filings at www.sedarplus.ca or contact:

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

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

For more information, please visit: www.dorecopper.com 

Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

  • Technical report titled “Preliminary Economic Assessment for the Chibougamau Hub-and-Spoke Complex, Québec, Canada” dated June 15, 2022, in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The Technical Report was prepared by BBA Inc. with several consulting firms contributing to sections of the study, including SLR Consulting (Canada) Ltd., SRK Consulting (Canada) Inc. and WSP Inc.
  • 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).

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 necessary regulatory approvals, including the final acceptance of the Offering from the TSX Venture Exchange, the renunciation to the purchasers of the Flow-Through Shares and timing thereof, the tax treatment of the Flow-Through Shares, the Corporation’s ability to meet its production target, the commencement, timing and completion of a feasibility study, 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 policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Dore Copper announces up to $4.62 million non-brokered private placement of common shares and flow-through shares

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

Toronto, Ontario September 4, 2024 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV:DCMC; OTCQB:DRCMF; FRA:DCM) is pleased to announce a non-brokered private placement offering of: (i) up to 20,952,381 common shares in the capital of the Corporation (the “Common Shares“) at a price of $0.105 per Common Share for gross proceeds of up to $2,200,000; (ii) up to 960,000 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 section 359.1 of the Taxation Act (Québec) (the “Traditional Flow-Through Shares“) at a price of $0.125 per Traditional Flow-Through Share for gross proceeds of up to $120,000; and (iii) up to 11,500,000 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 section 359.1 of the Taxation Act (Québec) (the “Charitable Flow-Through Shares” and together with the Traditional Flow-Through Shares, the “Flow-Through Shares“) at a price of $0.20 per Charitable Flow-Through Share for gross proceeds of up to $2,300,000, for aggregate gross proceeds to the Corporation of up to $4,620,000 (collectively, the “Offering“).

The net proceeds from the sale of the Common Shares will be used for exploration and development activities, feasibility study work, permitting activities and for working capital and general corporate purposes. 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), to incur, directly or indirectly, on or before December 31, 2025, expenses (“Qualifying Expenditures“) related to the Corporation’s projects in Québec that are eligible “Canadian exploration expenses” (as defined in the Income Tax Act (Canada)), which will qualify as “flow-through critical mineral mining expenditures” (as defined in the Income Tax Act (Canada)), and renounce all the Qualifying Expenditures in favour of the applicable subscribers of the Flow-Through Shares effective December 31, 2024. In addition, with respect to Québec resident subscribers who are eligible individuals under the Taxation Act (Québec), the Qualifying Expenditures 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 exploration expenses” within the meaning of section 726.4.17.2 of the Taxation Act (Québec).

In connection with the Offering, the Corporation may engage certain arm’s-length parties who may receive a cash finder’s fee payment and/or warrants to purchase common shares in the capital of the Corporation in consideration of securities that are sold to subscribers introduced by such parties. Any cash finder’s fee payment and/or warrants will be subject to the approval of, and will be issued in accordance with the rules of, the TSX Venture Exchange.

The Offering is expected to close on or about September 20, 2024, or such other date as the Corporation may determine and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange.

The Offering will be made by way of private placement in each of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements and, in the case of the Common Shares, such other jurisdictions, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The securities issued under the Offering will be subject to a four-month hold period under applicable Canadian securities laws.

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 Mining Corp.

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 million pounds of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill1. The Corporation has delivered its PEA in May 2022 and is proceeding with a feasibility study. 

The Corporation has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold2. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometer radius of the Corporation’s Copper Rand Mill.

For further information, please visit the Corporation’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR+ filings at www.sedarplus.ca or contact:

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

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

For more information, please visit: www.dorecopper.com 

Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

  1. Technical report titled “Preliminary Economic Assessment for the Chibougamau Hub-and-Spoke Complex, Québec, Canada” dated June 15, 2022, in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The Technical Report was prepared by BBA Inc. with several consulting firms contributing to sections of the study, including SLR Consulting (Canada) Ltd., SRK Consulting (Canada) Inc. and WSP Inc.
  2. 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).

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, including the acceptance of the Offering from the TSX Venture Exchange, the renunciation to the purchasers of the Flow-Through Shares and timing thereof, the tax treatment of the Flow-Through Shares, the Corporation’s ability to meet its production target, the commencement, timing and completion of a feasibility study, 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 policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Dore Copper confirms copper mineralization on its Cedar Bay Southwest Extension 

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Toronto, OntarioJuly 24, 2024 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) completed two drill holes totaling 1,392 meters which successfully extended the Southwest Zone of the former Cedar Bay copper-gold mine located in the Chibougamau mining camp, approximately 5 kilometers by road from its Copper Rand mill.  

The Southwest Zone is located 300 meters to the southwest of the Cedar Bay mine Main Zone and was partially developed in late 1960s by Campbell Chibougamau Mines Limited (“Campbell”) on two levels (114 meters and 200 meters) right to the property limit with Patino Mining. The best results of Campbell’s drilling campaign in the Southwest Zone included 5.2 meters of 2.56% Cu and 3.9 meters of 2.22% Cu and 1.3 g/t Au1. The potential extension of the Cedar Bay Southwest Zone along strike to the southeast was never tested by Patino Mining and subsequent companies that controlled that ground. In total, approximately 1,080 meters of strike length had not been tested up to the Lac Doré Fault.  

The two drill holes completed by Doré Copper targeting the Southwest Zone to the southeast intersected two zones of copper mineralization within strong ductile shear zones with intense hydrothermal alteration. Hole CDR-24-09 intersected 1.6 meters of 1.06% Cu and 20.7 g/t Ag, including 0.6 meter of 2.82% Cu, 54.8 g/t Ag and 0.33 g/t Au, at a vertical depth of 414 meters. The mineralized intersection is characterized by strong pervasive carbonate-chlorite-sericite alteration with banded semi-massive chalcopyrite and pyrrhotite associated with quartz veinlets. Hole CDR-24-10 intersected a wide shear structure of +130 meters (true width) characterized by pervasive black chlorite and carbonate veining alteration starting at a vertical depth of 449 meters. Copper mineralization was intersected at a vertical depth of 541 meters with 0.40 meter of 1.70% Cu and 2.03 g/t Au, characterized by chalcopyrite disseminations and blebs in a discontinuous massive iron oxide band. The strong alteration footprint intersected in hole CDR-24-10 in the anorthosite to gabbroic rocks is characteristic of the Doré Lake Complex magmatic-hydrothermal system and is interpreted to be an indicator of proximity to mineralized ore bodies of the Cu-Au central mining camp.

The Company plans to conduct downhole geophysics to locate stronger conductors near and along the structure as the first hole may not have crossed it. The strong alteration footprint intersected in the second hole is promising as it indicates approximately 400 meters of strike length untested towards the Doré Lake Fault.

Doré Copper received a grant from the Government of Québec of approximately C$182,000 towards the drilling program and geometallurgical characterization. The grant has been offered under the Mineral Exploration Support Program for Critical and Strategic Minerals (Programme de soutien à l’exploration minière pour les minéraux critiques et stratégiques 20212024 or PSEM-MCS), which is overseen by the Ministry of Natural Resources and Forests (Ministère des Ressources naturelles et des Forêts or MRNF). 

Ernest Mast, President and CEO of Doré Copper, commented, “We have confirmed the extension of the Cedar Bay Southwest structure towards the Lac Doré fault in two drill holes, including 1.6 meters of 1.06% Cu and 20.7 g/t Ag. We are very excited by the strong alteration in a wide shear zone characteristic of the large copper-gold ore bodies in the camp, including Doré Copper’s Copper Rand and Cedar Bay mines.  The next step is to conduct a downhole geophysical survey (pulse EM) to identify the potential for larger mineralized zones along the structure followed by additional drilling. We would also like to thank the Government of Québec for exploration grant and their support to develop the critical and strategic minerals industry within the province.

Cedar Bay Mine

The Cedar Bay mine operated from 1958 to 1990 and produced 3.9 million tonnes grading 1.56% Cu and 3.22 g/t Au2. The ore from the mine was processed at the Copper Rand mill located 5 kilometers by road. The deposit was mined to a depth of 670.5 meters and the existing shaft extends to a depth of 1,036 meters. 

Doré Copper completed four holes (including wedges) totaling 4,842 meters in 2018 and reported an Indicated resource of 130,000 tonnes at 9.44 g/t Au and 1.55% Cu, and an Inferred resource of 230,000 tonnes at 8.32 g/t Au and 2.13% Cu (effective date of December 31, 2018)3. During 2020, the Corporation completed 9,025 meters of drilling and successfully extended a number of mineralized lenses (the 10-20A and 10-20B).

Table 1. Assays Highlights from the 2024 Drill Program at Cedar Bay SW Extension

HoleAzimuth/ DipFrom (m)To (m)Width1 (m)Au (g/t)Ag (g/t)Cu (%)Zone
CDR-24-09227°/47°97.097.70.701.959.900.22unknown
200.4201.00.601.422.100.11unknown
575.3576.91.600.1220.681.06SW1
Including575.7576.30.600.3354.802.82SW1
CDR-24-10190°/47°757.2757.60.402.031.501.70SW2
762.0762.70.701.270.350.16unknown
1The true width of the structures intersected is estimated at approximately 65-80% of the downhole width for Cedar Bay SW Extension.
Cedar Bay SW Target
Figure 1. Plan View of Copper Rand Property Showing the Cedar Bay SW Target
Cedar Bay Southwest Zone Extension
Figure 2. Plan View and Long Section Showing the Cedar Bay Southwest Zone Extension

Drilling and Quality Control 

The Company is using Miikan Drilling as the drilling contractor. Miikan 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 (HQ size half core) preparation and fire assay analysis were done at ALS Canada Ltd. (“ALS”) in Val-d’Or, Québec, and ICP multi-elements analysis was done at ALS in Vancouver, B.C. Samples were weighed, dried, crushed to 70% passing 2 mm, split to 250 g, and pulverized to 85% passing 75 microns. Samples are fire assayed for gold (Au) (50 g) and Aqua Regia ICP-AES finish for key elements (Ag, Cu, Mo). Samples assaying >10.0 g/t Au are re-analyzed with a gravimetric finish using a 50 g charge. 

QA/QC is done in house by Doré Copper geologists with oversight from the Senior Geologist. The check samples (blanks and standards – 4% of total samples with another 2% of core duplicates taken on half split core) 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.

Youssouf Ahmadou, M.Sc., P.Geo., Senior Exploration Geologist of the Company and a QP within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

The Qualified Person (“QP”) for the Company has not verified the historical sample analytical data disclosed within this release. While the Company has obtained all historic records including analytical data from the previous owners of the Property and from various government databases, the Company has not independently verified the results of the historic sampling.

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 Mlbs of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill3.The Company has delivered its PEA in May 2022 and is proceeding with a feasibility study. 

The Company has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold2.The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s Copper Rand Mill.

For further information, please contact:

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

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

For more information, please visit: www.dorecopper.com 

Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

  1. Reference: Bunkhouse zone (Cedar Bay SW) Longitudinal section (Campbell Chibougamau Mines Ltd 1976).
  2. 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). 
  3. Technical report titled “Preliminary Economic Assessment for the Chibougamau Hub-and-Spoke Complex, Québec, Canada” dated June 15, 2022, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Technical Report was prepared by BBA Inc. with several consulting firms contributing to sections of the study, including SLR Consulting (Canada) Ltd., SRK Consulting (Canada) Inc. and WSP Inc. 

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 news release, including, without limitation, statements with respect to the timing and ability of the Company to receive necessary regulatory approvals, the Company’s ability to meet its production target, the commencement, timing and completion of a feasibility study, 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. 

Dore Copper enters into an Agreement to acquire claims next to its flagship Corner Bay High-Grade Copper deposit 

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Toronto, OntarioJuly 3, 2024 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) is pleased to announce it has entered into an agreement with SOQUEM to acquire a 56.41% interest in a group of contiguous claims (the “Claim Group”) located immediately north and east of its flagship high-grade Corner Bay copper project in the Chibougamau mining camp, approximately 55 kilometers by road from Chibougamau, Québec. 

The Claim Group totals 17 claims covering an area of 446 ha within Dore Copper’s 100% owned Corner Bay-Devlin Property (5,446 ha) (Figure 1). The Claim Group has seen historical exploration during the 1970’s with 36 diamond drill holes totaling approximately 7,610 meters. Further exploration activities was carried out by SOQUEM between 1992 and 1998 with 28 diamond drill holes totaling 5,327 meters.  

Several parallel shear zones trending northwest-southeast were identified over a strike length of 1.4 kilometers (A, B, C, and D in Figure 1). The mineralization is characterized by narrow quartz+calcite veins (generally <1 metre) which generally contain between 10% and 40% chalcopyrite and pyrite. The mineralized zones have been tested to a vertical depth of 400 meters.

Significant historical drill intercepts on the Claim Group include1

  • 13.15% Cu over 0.61 meters (R1-12)
  • 5.45% Cu over 2.40 meters, including 13.9% Cu over 0.80 meters (4018-95-12)
  • 8.92% Cu over 0.91 meters (R1-31)
  • 12.45% Cu over 0.43 meters (R1-11)
  • 15.26% Cu over 0.76 meter (R1-33A)
  • 9.8% Cu over 1.25 meters (4018-95-21)
  • 12.37% Cu over 0.91 meters (R1-10)

More importantly, the potential northern strike extension of the Corner Bay deposit has never been tested on the Claim Group. The current northern limit of the Corner Bay mineral resource is approximately 430 meters south of the property boundary. Access to the Claim Group would provide an additional 800 metres along strike to test the possibility of a northern extension. In addition, a target of interest is the area of intersection between the north-south Corner Bay shear zone and the northwest-southeast shear zones of the Claim Group. Further compilation of historical geophysical surveys will assist in refining these targets. 

Ernest Mast, President and CEO of Doré Copper, commented, “The acquisition of SOQUEM’s Claim Group further consolidates the land position around our flagship Corner Bay copper deposit. High-grade copper shear zones, with similar mineralization to the Corner Bay deposit, have already been identified on the Claim Group. There are also indications that the Corner Bay deposit could extend northwards into the newly acquired claims. We plan to review and incorporate all the available data into our geological model to better define the areas which have not been adequately followed for future exploration plans.”

Terms of Agreement

Upon execution of the Agreement, SOQUEM is to receive (i) a cash payment of $20,000 and (ii) equivalent of $125,000 in common shares of the Company as consideration for the purchase of a 56.41% interest in the Claim Group. In addition, in the event that the Company completes a mineral resource estimate in accordance with NI 43-101 on the Claim Group, the Company will pay SOQUEM the sum of $100,000. On commencement of commercial production (defined as greater than 200 tonnes per day for a consecutive period of seven days), the Company will pay SOQUEM the sum of $250,000 and a 1% Net Smelter Return royalty (the “NSR”) on the production of copper and gold. The Company will have the right, at any time prior to the commencement of commercial production, to purchase 50% of the NSR for $500,000 and the other 50% for $1,000,000. The closing of the Agreement is subject to the approval of the Company’s filings with the TSX Venture Exchange.

Disclosure

Youssouf Ahmadou, M.Sc., P.Geo., Senior Exploration Geologist of the Company and a QP within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

The Qualified Person (“QP”) for the Company has not verified the historical sample analytical data disclosed within this release. While the Company has obtained all historic records including analytical data from the previous owners of the Property and from various government databases, the Company has not independently verified the results of the historic sampling.

Figure 1. Corner Bay-Devlin Property showing the Claim Group acquired by Dore Copper

Corner-Bay-Devlin-Property-Claim-Group-acquired-by-Dore-Copper

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 Mlbs of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill.2 The Company has delivered its PEA in May 2022 and is proceeding with a feasibility study. 

The Company has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold.3 The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s Copper Rand Mill. 

For further information, please contact:

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

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

For more information, please visit: www.dorecopper.com 

Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

  1. GM 56435 : Rapport annuel d’exploration 1998, propriete corner bay (4018 ).
  2. Technical report titled “Preliminary Economic Assessment for the Chibougamau Hub-and-Spoke Complex, Québec, Canada” dated June 15, 2022, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Technical Report was prepared by BBA Inc. with several consulting firms contributing to sections of the study, including SLR Consulting (Canada) Ltd., SRK Consulting (Canada) Inc. and WSP Inc. 
  3. 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). 

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 news release, including, without limitation, statements with respect to the timing and ability of the Company to receive necessary regulatory approvals, the Company’s ability to meet its production target, the commencement, timing and completion of a feasibility study, 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.

Dore Copper announces 2024 annual and special meeting results 

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Toronto, OntarioJune 20, 2024 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) reports that all matters submitted to the shareholders for approval as set out in the Corporation’s Notice of Meeting and Information Circular, which were mailed to shareholders in connection with the meeting, were approved at the Corporation’s Annual and Special Meeting held in Thunder Bay, Ontario, on June 20, 2024.

The shareholders elected Mario Stifano (Chair), Ernest Mast (President and CEO), Frank Balint, Joseph de la Plante, Sara Heston, Martha Manuel, and Brent Omland as directors of the Corporation for the forthcoming year.

Shareholders approved the Corporation’s omnibus share incentive plan and the reappointment of Ernst & Young LLP, Chartered Professional Accountants, as the auditor of the Corporation for the ensuing year. 

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 Mlbs of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill.1 The Company has delivered its PEA in May 2022 and is proceeding with a feasibility study. 

The Company has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold.2 The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s Copper Rand Mill. 

For further information, please contact:

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

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

For more information, please visit: www.dorecopper.com 

Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

  1. Technical report titled “Preliminary Economic Assessment for the Chibougamau Hub-and-Spoke Complex, Québec, Canada” dated June 15, 2022, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Technical Report was prepared by BBA Inc. with several consulting firms contributing to sections of the study, including SLR Consulting (Canada) Ltd., SRK Consulting (Canada) Inc. and WSP Inc. 
  2. 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). 

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 news release, including, without limitation, statements with respect to the timing and ability of the Company to receive necessary regulatory approvals, the Company’s ability to meet its production target, the commencement, timing and completion of a feasibility study, 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.

Dore Copper announces grant of stock options and deferred share units

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Toronto, OntarioApril 19, 2024 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) has granted 4,215,000 stock options to management, consultants and advisors. The stock options have an exercise price of $0.10 per share and a term of five years. The Company has also granted an aggregate total of 400,000 deferred share units (“DSU’s”) to the independent directors of the Company. The DSUs are payable in common shares of the Company upon the holder ceasing to be a director of the Company. Both issuances were granted in accordance with the Company’s omnibus share incentive plan.

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 Mlbs of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill.1 The Company has delivered its PEA in May 2022 and is proceeding with a feasibility study. 

The Company has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold.2 The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s Copper Rand Mill. 

For further information, please contact:

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

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

For more information, please visit: www.dorecopper.com 

Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

  1. Technical report titled “Preliminary Economic Assessment for the Chibougamau Hub-and-Spoke Complex, Québec, Canada” dated June 15, 2022, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Technical Report was prepared by BBA Inc. with several consulting firms contributing to sections of the study, including SLR Consulting (Canada) Ltd., SRK Consulting (Canada) Inc. and WSP Inc. 
  2. 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). 

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 news release, including, without limitation, statements with respect to the timing and ability of the Company to receive necessary regulatory approvals, the Company’s ability to meet its production target, the commencement, timing and completion of a feasibility study, 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.

Dore Copper identifies gold exploration potential at Norhart Zone, just North of the former Joe Mann mine 

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Toronto, OntarioMarch 27, 2024 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) reports that it has completed its first review of the Norhart mineralized zone, one of the priority gold targets identified on the recently acquired 65% interest in claims surrounding the Company’s 100% owned Joe Mann property. SOQUEM holds the remaining 35% interest in the joint venture (the “Joe Mann SOQUEM JV Property”) (refer to news release dated January 22, 2024). 

The Norhart gold occurrence is located approximately 1 kilometer north-northeast of the former Joe Mann mine and is easily accessible by road (Figure 1). It is comprised of five parallel east-west, sub-vertical quartz vein structures, each separated by approximately 50 to 150 meters, and traced over a strike length of more than 1 kilometer. Gold mineralization occurs in quartz shear and extensional veins with sulphides (trace to 10%) within an altered sequence of basaltic lava and felsic intrusions. 

The Norhart zone was discovered in 1995 by SOQUEM. From 1995 to 2005, a total of 68 diamond drill holes totaling 18,569 meters were completed to test the mineralized structures of Norhart over a strike length of 1.2 kilometers to a depth of less than 400 meters. During this period, a total of five parallel auriferous structures known as the Norhart, 2800, 3100, 3500 and 3900 zones were identified. The best gold intercepts were encountered in the 2800 zone, located 50 meters north of the Norhart zone and 2,800 feet (853 meters) north of the Joe Mann shaft. The high-grade gold envelope (intercepts of > 8 g/t Au) has a lateral extension of approximately 200 meters and remains open below 250 meters vertical. Long sections of the 3100, 2800 and Norhart zones (from north to south) are shown in Figure 2. 

Ernest Mast, President and CEO of Doré Copper, commented, “The Norhart high-grade gold target merits additional exploration work. The easy access to the Norhart zones, similar mineralogy and gold grades to Joe Mann make Norhart a potential target into the Company’s hub-and-spoke strategy for the Chibougamau mining camp. We plan on reviewing this target with SOQUEM to develop a drill program that will aim at expanding the mineralized zones and verifying historical intercepts.” 

Significant historical drill intercepts of the Norhart zones include:1 

2800 Zone 

  • 65.85 g/t Au and 5.9 g/t Ag over 6.34 meters (H-04-579)
  • 81.00 g/t Au and 1.4 g/t Ag over 1.2 meters (H-04-580) 
  • 26.30 g/t Au over 0.86 meter (H-04-588)
  • 6.27 g/t Au over 1.8 meters (H-04-571)
  • 9.33 g/t Au over 2.0 meters (H-04-573)

3100 Zone 

  • 14.85 g/t Au over 1.4 meters (H-04-586)
  • 14.56 g/t Au over 1.09 meters (H-04-580)
  • 5.55 g/t Au over 5.5 meters (H-572)

Norhart Zone: 

  • 24.65 g/t Au, 17.48 g/t Ag, and 0.79% Cu over 1.92 meters (H-04-578) 
  • 6.31 g/t Au over 4.75 meters (H-05-608)
  • 30.08 g/t Au over 1.0 meter (H-569)
  • 8.58 g/t Au over 2.95 meters (H-05-604)
  • 57.65 g/t Au over 0.40 meter (H-550)

The Joe Mann Property

The Company has a controlling interest in a contiguous group of claims totaling 6,209.2 ha surrounding the former high-grade Joe Mann gold mine (Dore Copper has a 100% ownership in 3,179.6 ha and a 65% ownership in 3,029.6 ha, as part of the Joe Mann SOQUEM JV) (Figure 1). The property is located 60 kilometers south of the Company’s Copper Rand mill and part of the southern Chibougamau mining camp where Northern Superior Resources Inc. and IAMGOLD Corporation have identified significant gold mineral resources.  

The Joe Mann property is located in the eastern part of the Abitibi Greenstone Belt within the upper part of the Obatogamau Formation, within a major deformation corridor known as the Opawica-Guercheville shear zone. The Company has a 100% interest in the former Joe Mann mine, which produced 1.12 million ounces of gold at an average grade of 8.26 g/t from the 1950s to 2007.1 The deposit has an inferred mineral resource of 680,000 tonnes grading 6.78 g/t Au and 0.24% Cu, which was included in the Company’s Preliminary Economic Assessment (PEA) of its hub-and-spoke operation announced on May 10, 2022.2

A number of gold occurrences and mineralized zones have been identified on the Joe Mann SOQUEM JV Property. No significant exploration work on the joint venture land has been carried out since the late 1990s, except for the Rohault and Norhart gold occurrences where the latest exploration activities took place in 2005. 

Disclosure

Youssouf Ahmadou, M.Sc., P.Geo., Senior Exploration Geologist of the Company and a “Qualified Person” within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

The Qualified Person (“QP”) for the Company has not verified the historical sample analytical data disclosed within this news release. While the Company has obtained all historic records including analytical data from the previous owners of the property and from various government databases, the Company has not independently verified the results of the historic sampling.

Figure 1. Joe Mann Property – Land Tenure Map and Main Gold Occurrences
Figure 2. Long Sections of the 3100, 2800 and Norhart Zones (from North to South)

Note: The logs indicate that the core was not sampled at (near) piercing point on Long Section 2800.

Engagement of Arrowhead

Doré Copper has retained Arrowhead Business and Investment Decisions, LLC (“Arrowhead”) to provide marketing services to the Company. Arrowhead has been engaged to elevate market and brand awareness for Doré Copper and to broaden the Company’s reach within the investment community. 

Arrowhead has been engaged by the Company for an initial period of six months starting March 15 (the “Initial Term”) and then shall be renewed automatically for successive six-month periods thereafter, unless terminated by the Company in accordance with the Agreement. Arrowhead will be paid a quarterly fee of US$25,000 during the Initial Term. Arrowhead is headquartered in New York City and was founded in 2008.

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 Mlbs of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill.2 The Company has delivered its PEA in May 2022 and is proceeding with a feasibility study. 

The Company has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold.3 The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s Copper Rand Mill. 

About SOQUEM

SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. A proud partner and ambassador for the development of Quebec’s mineral wealth, SOQUEM relies on innovation, research, and strategic minerals to be well-positioned for the future.

For further information, please contact:

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

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

For more information, please visit: www.dorecopper.com 

Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

  1. GM 62760: Ressources Meston Inc. Forage Printemps et Automne 2004, Propriete Joe Mann, Secteurs Norhart et Rohault, by Denis McNicholes, geo, dated April 8, 2005.
  2. 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). 
  3. Technical report titled “Preliminary Economic Assessment for the Chibougamau Hub-and-Spoke Complex, Québec, Canada” dated June 15, 2022, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Technical Report was prepared by BBA Inc. with several consulting firms contributing to sections of the study, including SLR Consulting (Canada) Ltd., SRK Consulting (Canada) Inc. and WSP Inc. 

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 news release, including, without limitation, statements with respect to the timing and ability of the Company to receive necessary regulatory approvals, the Company’s ability to meet its production target, the commencement, timing and completion of a feasibility study, 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.

Dore Copper announces Management changes

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Toronto, Ontario February 26, 2024 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) announces the resignation of Vice-President, Exploration Sylvain Lépine, effective March 1, 2024. Mr. Lépine has been appointed General Manager of Nord du Québec Investissement Minier (NQIM), a new regional institutional fund sponsored by SDBJ (Société de développement de la Baie-James) and ARBJ (Administration régionale Baie-James) that will mainly invest in mining exploration companies in the administrative region of Nord-du-Québec. Mr. Lépine will remain a Technical Advisor to the Company to ensure a smooth transition during the search for a new Vice President Exploration.

Ernest Mast, President and CEO of Doré Copper, commented, “On behalf of the Board, we would like to thank Sylvain for his leadership, dedication and contributions to the Company and we wish him well in his new role at NQIM. During the period of management transition, Sylvain will remain a consultant to the Company.” 

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 Mlbs of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill.1 The Company has delivered its PEA in May 2022 and is proceeding with a feasibility study. 

The Company has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold.2 The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s Copper Rand Mill. 

For further information, please contact:

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

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

For more information, please visit: www.dorecopper.com 

Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

  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). 
  2. Technical report titled “Preliminary Economic Assessment for the Chibougamau Hub-and-Spoke Complex, Québec, Canada” dated June 15, 2022, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Technical Report was prepared by BBA Inc. with several consulting firms contributing to sections of the study, including SLR Consulting (Canada) Ltd., SRK Consulting (Canada) Inc. and WSP Inc. 

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 news release, including, without limitation, statements with respect to the timing and ability of the Company to receive necessary regulatory approvals, the Company’s ability to meet its production target, the commencement, timing and completion of a feasibility study, 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 increases size of its Joe Mann Property by acquiring a 65% interest in 3,030 hectares

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Toronto, Ontario January 22, 2024 – Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) is pleased to announce that it has exercised its right to acquire a 65% interest in certain claims subject to a joint venture with SOQUEM (the “SOQUEM JV Property“), which surround and are adjacent to the Company’s 100% owned Joe Mann Property, pursuant to an earn-in option agreement (the “Option Agreement“) dated January 2, 2020, as amended October 28, 2022, between the Company and Ressources Jessie Inc. (“Ressources Jessie“). SOQUEM holds the remaining 35% interest in the SOQUEM JV Property. 

In accordance with the terms of the Option Agreement, Ressources Jessie will transfer its 65% interest in the SOQUEM JV Property, comprising 69 claims totaling 3,029.6 ha, to the Company for $300,000 in cash and 3,333,333 common shares of the Company at a deemed price of $0.12 per common share, representing $400,000 in common shares. Following this acquisition, the Company has a controlling interest in a contiguous group of claims totaling 6,209.2 ha surrounding the former high-grade Joe Mann gold mine (Figure 1) and part of the southern Chibougamau Camp where Northern Superior Resources Inc. and IAMGOLD Corporation have significant gold mineral resources (Figure 2).   

The acquisition is subject to the acceptance of the TSX Venture Exchange. The common shares issued in connection with the acquisition are subject to a four month hold period under applicable Canadian securities laws which will expire on May 23, 2024.

Ernest Mast, President and CEO of Doré Copper, commented, “With this transaction, we have consolidated a large contiguous group of claims around the former Joe Mann mine in the prolific southern Chibougamau camp. Most of the SOQUEM JV block has not been explored since the late 1990s and numerous gold targets remain to be evaluated on the property. We are looking forward to work with SOQUEM and we plan to commence a detailed review of the historical work and use new geological interpretations to generate high quality exploration targets.” 

Exploration Potential on the SOQUEM JV Property

The Company’s contiguous group of claims (Figure 1) is located in the eastern part of the Abitibi Greenstone belt within the upper part of the Obatogamau Formation, within a major deformation corridor known as the Opawica-Guercheville shear zone. The Company has a 100% interest in the former Joe Mann mine, which produced 1.12 million ounces of gold at an average grade of 8.26 g/t from the 1950s to 2007.1 The deposit has an inferred mineral resource of 680,000 tonnes grading 6.78 g/t Au and 0.24% Cu, which was included in the Company’s Preliminary Economic Assessment (PEA) of its hub-and-spoke operation announced on May 10, 2022.2

The main lithologies encountered are basalts, rhyolites, gabbros and several families of felsic, intermediate and mafic dykes. Two felsic intrusions, La Dauversière and Verneuil, are found respectively to the northeast and northwest of the claim group. The stratigraphy is east-west, dipping sub-vertically, and metamorphosed to the upper greenschist facies (epidote-amphibolite facies). 

A number of gold occurrences and mineralized zones have been identified on the SOQUEM JV Property and are briefly summarized below. An evaluation of all the exploration work conducted on the SOQUEM JV will be completed over the coming months to identify exploration targets. No significant exploration work on the SOQUEM JV Property has been carried out since the late 1990s, except for the Rohault and Norhart gold occurrences where the latest exploration activities took place in 2004. 

Rohault

The Rohault gold occurrence is located north of the former Joe Mann mine and its western extension is located approximately 300 meters north of the mine infrastructures. This structure has been tested by drilling over a 2 kilometer strike length. The Rohault mineralized zone is characterized by quartz-carbonate veins and veinlets which cut mafic lavas and intrusions. The main occurrence contains approximately 15% pyrite and 5% chalcopyrite with several interesting historical drill intercepts: 108.71 g/t Au, 16.85 g/t Ag and 1.4% Cu over 0.6 meter at a downhole depth of 44.95 meters (H-560) and 6.32 g/t Au and 0.37% Cu over 3.6 meters (including 34.5 g/t Au and 0.99% Cu over 0.6 meter) at a downhole depth of 79.2 meters (H-518).1

Norhart

The Norhart gold occurrence is located approximately 1 kilometer north of former Joe Mann mine. The gold mineralization shows similar characteristics to Joe Mann. It is comprised of five parallel quartz vein structures, separated by between 50 and 150 meters over a strike length of approximately 500 meters. Gold mineralization is within quartz veins cutting strongly altered granular felsic dykes or basalts. 

Significant historical drill intercepts in the sector of Norhart include: 65.85 g/t Au, 5.9 g/t Ag over 6.34 meters at a downhole depth of 207.46 meters (H-04-579); 160.50 g/t Au, 9.8 g/t Ag over 0.85 meters at a downhole depth of 235.0 meters (H-04-582); 81 g/t Au, 1.4 g/t Ag over 1.2 meters at a downhole depth of 234.8 meters (H-04-580); 24.65 g/t Au, 17.48 g/t Ag, 0.79% Cu over 1.92 meters at a downhole depth of 256.62 meters (H-04-578), 99.64 g/t Au, 11.8 g/t Ag and 0.12% Cu over 0.3 meter at a downhole depth of 283.85 meters (H-569); 10.04 g/t Au, 16.3 g/t Ag and 0.11% Cu over 1.2 meters at a downhole depth of 521.2 meters (H-535 EXT); 57.65 g/t Au over 0.40 meter at a downhole depth of 264.0 meters (H-550).1 ,3 

Currie-Mills

The Currie Mills (Lac James) gold occurrence is located 3 kilometers east-northeast of the former Joe Mann mine. The mineralized system is parallel to Joe Mann and contains a small historical near-surface resource (not compliant with NI 43-101). Mineralization consists of two lenses (North and South) of disseminated chalcopyrite, pyrite, pyrrhotite and arsenopyrite in centimetric to decimetric quartz-carbonate veins with locally some specks of free gold with altered and sheared non-magnetic coarse gabbros. One significant historical drill hole intercept of 3.9 /t Au over 6.9 meters at a downhole depth of 61 meters (VM87-07) is located 150 meters east of the historical resource.1,4 

Lac Meston

The Lac Meston gold occurrence is located 4.8 kilometers southwest of the former Joe Mann mine. The mineralization is found in a tonalite intrusion. An underground ramp of 305 meters was built in 1974 but did not access the mineralized zone. Significant historical drill hole intercepts include: 18.49 g/t Au over 3.61 meters (M-81-09), 34.21 g/t Au over 1.55 meters (A-12) and 6.92 g/t Au over 6.10 meters (A-14), all of which were at less than 100 meters depth.1,5,6

Adnor

The Adnor mineralized zone, located 3 kilometers west of Joe Mann, consists of a number of east-west subparallel veins within a sequence of pillowed massive basaltic flows injected by a variety of small felsic dykes. A significant drilling campaign was conducted in the early 1950s to define the mineralized zone. The highest drill intercept returned 2,297 g/t Au over 0.30 m (A-10). A subsequent drilling program in the early 1970s returned the following significant results: 14.40 g/t Au over 0.3 meter (N-7-2); 6.86 g/t Au over 0.6 meter (N-6); and 4.80 g/t Au over 1.5 meters (N-7). Highlight from the subsequent late 1980s drilling program include 11.04 g/t over 3.05 meters (H-380).1,7

Noranda – La Dauversière

This mineral occurrence is located approximately 3.5 kilometers east of Joe Mann. Gold mineralization is found in quartz carbonate veins with pyrrhotite-pyrite and chalcopyrite within sheared and altered gabbro. A number of diamond drill holes were completed by several companies prior to the late 1990s and significant results included: 8.16 g/t Au, 2.4 g/t Ag and 0.16% Cu over 0.55 meter (H-223); and 12.3 g/t Au over 1.02 meters (VM-89-26).1

Montgomery 

This mineral showing is located approximately 2 kilometers west of Joe Mann. Gold mineralization is found in quartz veins containing varying amounts of pyrite, scheelite, chalcopyrite and local visible gold within a sheared structure covering a strike length of 475 meters and up to 8 meters wide. Significant historical intersections include: 4.41 g/t Au over 0.27 meter (M-7); 106.10 g/t Au (trench # 1 channel sample); 13.56 g/t Au (trench # 2 channel sample); and 199.66 g/t Au (trench # 4 channel sample).1

Wright Hargreaves

The mineral showing (also known as “Fancamp”) is located 500 meters southwest of the Adnor showing. Gold mineralization is erratic and associated with <1 meter quartz-carbonate+/-tourmaline veins and veinlets with auriferous pyrite in massive and pillowed basalts and co-magmatic magnetic gabbro-sills. Historical trench results include 9.88 g/t Au over 1.0 meter and 6.05 g/t Au over 1.0 meter. The only significant highlight from the latest drilling program (1980s) include 4.50 g/t over 0.60 meter (87-1).1

Lac Antoine

Located near the southwest boundary of the property, the Lac Antoine gold mineralization is associated with northeast trending quartz-carbonate veins containing up to 15% pyrite and minor chalcopyrite within pillow basalts. Historical work only reports high-grade gold assays (10 to +30 g/t Au) from grab samples.1

Bloc Sud

Located near the southwest boundary of the property, the Bloc Sud gold mineralization consists of black quartz veins (+/- sulphides) within a chlorite-sericite-ankerite schist of decametric width at the contact of a basalt-tonalite dyke. An intercept of 1.96 g/t Au over 6.25 meters, including 6.98 g/t Au over 1.35 meters (H-507), was reported from a limited drilling campaign.1

Qualified Person

Sylvain Lépine, M.Sc., P.Geo., Vice President Exploration of the Company and a “Qualified Person” within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

Figure 1. Joe Mann Property – Land Tenure Map and Main Gold Occurrences

Figure 2. South Chibougamau Area – Land Tenure Map

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 Mlbs of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill.1 The Company has delivered its PEA in May 2022 and is proceeding with a feasibility study. 

The Company has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold.2 The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s Copper Rand Mill. 

For further information, please contact:

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

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

For more information, please visit: www.dorecopper.com 

Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

  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). 
  2. Technical report titled “Preliminary Economic Assessment for the Chibougamau Hub-and-Spoke Complex, Québec, Canada” dated June 15, 2022, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Technical Report was prepared by BBA Inc. with several consulting firms contributing to sections of the study, including SLR Consulting (Canada) Ltd., SRK Consulting (Canada) Inc. and WSP Inc. 
  3. GM 62760: Ressources Meston Inc. Forage Printemps et Automne 2024, Propriete Joe Mann, Secteurs Norhart et Rohault, by Denis McNicholes, geo, dated April 8, 2005.
  4. GM 49329 : Cambior Inc. Rapport de la Campagne de Forages Hiver 1989, Propriété Currie-Mills by Pierre Ouelette, dated April 11, 1989.
  5. GM 29950: Ayarhar Mining Corp.dated December 10, 1973 by S.V. Burr (drill holes, A series).
  6. GM 38101: Ressources Meston Inc. Forage Hiver 1981 Meston-Gamache by Paul Gagne dated May 1981 (drill holes, M series).
  7. GM 49692: Drill logs. Mine Meston 1989.

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 news release, including, without limitation, statements with respect to the timing and ability of the Company to receive necessary regulatory approvals, the Company’s ability to meet its production target, the commencement, timing and completion of a feasibility study, 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 rights offering

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

Toronto, Ontario January 2, 2024 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV:DCMC; OTCQX:DRCMF; FRA:DCM) is pleased to announce that, on December 29, 2023, it closed its previously announced rights offering (the “Rights Offering“) to the holders of common shares in the capital of the Corporation (“Common Shares“) at the close of business (Toronto time) on November 28, 2023. The Rights Offering expired at 5:00 p.m. (Toronto time) on December 22, 2023 (the “Expiry Date“). The Corporation issued 33,000,000 Common Shares at a subscription price of $0.12 per Common Share for aggregate gross proceeds of $3,960,000. The net proceeds of the Rights Offering will be used for exploration and development activities and for working capital and general corporate purposes. 

The Corporation issued a total of 11,463,135 Common Shares under the basic subscription privilege and 3,440,126 Common Shares under the additional subscription privilege. Ocean Partners UK Limited (“Ocean Partners“), together with its affiliate, Ocean Partners USA Inc., acquired a total of 6,472,931 Common Shares under their basic subscription privilege and nil Common Shares under their additional subscription privilege. Funds managed by Equinox Partners Investment Management, LLC (“Equinox” and together with Ocean Partners, the “Standby Purchasers“) acquired a total of 3,202,719 Common Shares under their basic subscription privilege and 3,331,018 Common Shares under their additional subscription privilege in lieu of Common Shares available to a certain fund managed by Equinox under its basic subscription privilege. The Standby Purchasers collectively subscribed for an additional 18,096,739 Common Shares pursuant to their standby commitment agreements, with each Standby Purchaser acquiring 50% of such Common Shares.

To the knowledge of the Corporation, after reasonable inquiry, no person that was not an insider of Doré Copper before the distribution under the Rights Offering became an insider as a result of the distribution under the Rights Offering. To the knowledge of the Corporation, after reasonable inquiry, directors, officers and other insiders of the Corporation before the distribution under the Rights Offering, which includes the Standby Purchasers, as a group, acquired 10,110,832 Common Shares under the basic subscription privilege and 3,331,018 Common Shares under the additional subscription privilege for an aggregate of 13,441,850 Common Shares acquired under the Rights Offering, representing total subscription proceeds of $1,613,022.

Other persons, as a group, acquired 1,352,303 Common Shares under the basic subscription privilege and 109,108 Common Shares under the additional subscription privilege for an aggregate of 1,461,411 Common Shares acquired under the Rights Offering, representing total subscription proceeds of $175,369.32.

As of the closing date of the Rights Offering, there are 130,874,099 Common Shares issued and outstanding.

No fees or commissions were paid in connection with the solicitation of the exercise of rights under the Rights Offering.

The participation in the Rights Offering by certain “related parties” of the Corporation, namely, directors, senior officers and persons that have beneficial ownership of, or control or direction over, directly or indirectly, more than 10% of the issued and outstanding Common Shares, constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Rights Offering is not subject to the related party transaction rules under MI 61-101 based on a prescribed exception related to rights offerings.

Neither the rights offered under the Rights Offering or the Common Shares have been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be exercised, offered or sold, as applicable, in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Corporation. There shall be no offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the laws of any such jurisdiction. 

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 million pounds of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill1. The Corporation has delivered its PEA in May 2022 and is proceeding with a feasibility study. 

The Corporation has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold2. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometer radius of the Corporation’s Copper Rand Mill.

For further information, please contact:

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

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

For more information, please visit: www.dorecopper.com 

Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

  1. Technical report titled “Preliminary Economic Assessment for the Chibougamau Hub-and-Spoke Complex, Québec, Canada” dated June 15, 2022, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“). The Technical Report was prepared by BBA Inc. with several consulting firms contributing to sections of the study, including SLR Consulting (Canada) Ltd., SRK Consulting (Canada) Inc. and WSP Inc. 
  2. 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).

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 news release, including, without limitation, statements with respect to the anticipated benefits of the Rights Offering, the intended use of proceeds from the Rights Offering, the Corporation’s ability to meet its production target, the commencement, timing and completion of a feasibility study, 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, the inability of the Corporation to achieve the anticipated benefits of the Rights Offering, the operating expenses of the Corporation for the 12 month period following the Expiry Date, 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 release.