newsreleases2021 - Doré Copper Mining Corp - Page 2

Doré Copper strengthens its management team with the appointment of Steve Simard as project director

   Download PDF   English   |   French

Toronto, Ontario – June 1, 2021 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) is pleased to announce today that Steve Simard will be joining the Corporation as Project Director. Mr. Simard’s significant experience will provide technical and management leadership as Doré Copper advances its key projects from exploration stage, through economic studies and execution for operational readiness. 

Mr. Simard has over 20 years of domestic and international experience in both surface and underground mine development and operations. He has been involved at various stages of mine construction and optimization, strategic mine plan optimization, and general site infrastructure. He spent the last four years at Semafo’s Mana Mine in Burkina Faso as Technical Superintendent and Mining Operation where he led the mine production, engineering and geology departments. Prior to his Semafo employment, Mr. Simard worked extensively in Québec in progressive technical roles: Chief Engineer and Technical Superintendent at Rio Tinto’s open cast titanium dioxide mine at Lac Tio Mine (2016-17 & 2005-08); Superintendent Technical Services at BlackRock Metals in Chibougamau (2011-16); and Senior Engineer and Chief Engineer at Consolidated Thompson Iron Mine’s Bloom Lake Mine, which produces high-quality iron ore concentrate (2008-11). He started his career as a Long-hole Engineer and Planning Engineer at the Beaufor Mine in Val d’Or.

Ernest Mast, President and CEO of Doré Copper, stated, “On behalf of the Company, I am pleased to welcome Steve Simard to the Doré Copper management team. Based in Chibougamau, his solid broad-based experience, knowledge and leadership skills will play an important role as we progress our key high-grade copper and gold projects to economic studies and re-development stage based on a profitable hub-and spoke operation model.”

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. The Corporation is focussed on implementing its hub-and-spoke development strategy by advancing its key high-grade copper-gold brownfield projects towards a restart of operations. Our goal is to achieve an annual production of 60 M lbs of copper equivalent (or 100,000 oz gold equivalent).

The Corporation has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has produced 1.6 B lbs of copper and 4.4 M oz of gold. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand Mill). 

Doré Copper plans to deliver a preliminary economic assessment (PEA) of its hub-and-spoke model in late 2021. Currently, the Corporation is completing a 16,500-metre drilling program at its Corner Bay (Cu-Au) project which will lead to an updated mineral resource estimate in early Q3 2021. In addition, Doré Copper is expected to have a maiden mineral resource estimate for the former producing Joe Mann mine (Au-Cu) by end of June 2021. 

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

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

Doré Copper announces C$13 million bought deal private placement of common shares and flow-through shares

   Download PDF   English   |   French

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

Toronto, Ontario – May 18, 2021 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSX-V:DCMC; OTCQB:DRCMF; FRA:DRM) is pleased to announce that it has entered into an agreement pursuant to which Cormark Securities Inc. and Paradigm Capital Inc., as co-lead underwriters, (collectively, the “Underwriters“), have agreed to purchase, on a “bought deal” private placement basis: (i) 8,000,000 common shares in the capital of the Corporation (the “Offered Common Shares“) at a price of $1.00 per Offered Common Share (the “Common Share Offering Price“) for gross proceeds of $8,000,000 and (ii) 2,907,000 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 “Flow-Through Shares“) at a price of $1.72 per Flow-Through Share for gross proceeds of $5,000,040, for aggregate gross proceeds to the Corporation of approximately $13 million (collectively, the “Offering“).

The Underwriters will have the option, exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering, to arrange for the purchase of up to an additional 1,636,050 Offered Common Shares at the Common Share Offering Price.

The net proceeds from the sale of the Offered Common Shares will be used for exploration and development 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 eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures“) related to the Corporation’s projects in Québec, on or before December 31, 2022, and to renounce all the Qualifying Expenditures in favour of the subscribers of the Flow-Through Shares effective December 31, 2021. In addition, with respect to Québec resident subscribers who are eligible individuals under the Taxation Act (Québec), the Canadian exploration expenses will also qualify for inclusion in the “exploration base relating to certain Québec exploration expenses” within the meaning of section 726.4.10 of the Taxation Act (Québec) and for inclusion in the “exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses” within the meaning of section 726.4.17.2 of the Taxation Act (Québec).

The Offering is expected to close on or about June 9, 2021, or such other date as the Corporation and the Underwriters may agree 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 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 Offered 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. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. The Corporation is focused on implementing its hub-and-spoke development strategy by advancing its key high-grade copper-gold brownfield projects towards a restart of operations.

The Corporation has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has historically produced 1.6 B lbs of copper and 4.4 M oz of gold. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Corporation’s 2,700 tpd mill (Copper Rand Mill). 

Doré Copper plans to deliver a preliminary economic assessment (PEA) of its hub-and-spoke model in late 2021. Currently, the Corporation is completing a 16,500-metre drilling program at its Corner Bay (Cu-Au) project which will lead to an updated mineral resource estimate for mid-2021. In addition, Doré Copper is expected to have a maiden mineral resource estimate for the former producing Joe Mann mine (Au-Cu) by end of June 2021. 

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

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

Doré Copper intersects 5.5 meters at 3.46% Copper and 0.25 g/t Gold at Corner Bay – extending deposit along strike by 200 metres

   Download PDF   English   |   French   |   GERMAN

Toronto, Ontario – May 17, 2021 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) is pleased to announce the first results from its 2021 drilling campaign totaling 16,500 meters at its flagship Corner Bay property, located in the Chibougamau mining camp, approximately 40 kilometers by road from Chibougamau, Québec. As of April 30, 2021, Doré Copper has completed 17 holes totaling 13,250 meters and is reporting today the results from 11 holes.

Drilling Highlights

Main Vein below dyke

  • CB-21-28: 3.7 meters of 5.05% Cu, 0.15 g/t Au and 11.3 g/t Ag, including 1.8 meters of 9.12% Cu, 0.17 g/t Au and 19.2 g/t Ag 
  • CB-21-29: 3.7 meters of 2.47% Cu, 0.87 g/t Au and 9.3 g/t Ag, including 1.5 meters of 5.25% Cu, 2.05 g/t Au and 12.7 g/t Ag 
  • CB-21-32: 5.5 meters of 3.46% Cu, 0.25 g/t Au and 8.4 g/t Ag, including 3.6 meters of 4.63% Cu, 0.30 g/t Au, and 11.4 g/t Ag – DEPOSIT EXTENDED BY 200 METERS

West Vein

  • CB-20-20 (completed in 2021): 4.0 meters of 2.31% Cu, 0.11 g/t Au, and 7.0 g/t Ag 
  • CB-21-22: 3.2 meters of 2.84% Cu, 0.32 g/t Au, and 6.25 g/t Ag

Ernest Mast, President and CEO of Doré Copper stated, “We have successfully expanded the size of the high-grade copper-gold Corner Bay deposit with both our 2020 and 2021 drilling programs and are now confident in the potential to reach our key target of 5 million tonnes in resources, which would be an increase of approximately 65% from our 2019 NI 43-101 mineral resource estimate. The furthest southern intercept (hole CB-21-32) is indicating additional growth towards the south along strike and extends the deposit past the previously understood plunging mineralization. We have expanded our drilling program to the south (along strike) to continue delineating the mineralization. We are planning to have an updated mineral resource estimate in early Q3 to support an eventual hub-and-spoke restart of the camp using our existing 2,700 tpd mil, with Corner Bay as the main feed to the mill. In addition, the increased strike length and thicknesses at depth at Corner Bay lend itself to increased mining rates over time.” 

Corner Bay Drilling Program

Results to date from the 2021 drilling program has successfully continued to expand the copper-gold mineralization at Corner Bay, bringing the total strike of the mineralization to over 900 meters. The intercepts of holes CB-21-28, CB-21-29, and CB-21-32 have extended the Main Vein (below the diorite dyke) along strike to the south by approximately 200 meters from the 2020 drilling program (see Figure 1 and Table 1). The high-grade copper intercept of 5.5 meters of 3.46% Cu (including 3.6 meters of 4.63% Cu) in CB-21-32 (southernmost hole for this part of the deposit) is located 380 meters south along strike from the 2019 mineral resource limit. The intercept in hole CB-21-32 also demonstrated that the “La Chib” fault, which limited the upper part of the deposit, does not limit the mineralization in the deeper part of the deposit and therefore opens up this part of the deposit along strike. 

The drilling program also tested the extension of the West Vein (located 400 meters west of the Main Vein) with four shallow holes. Note that two deeper holes testing the deeper part of the deposit did intersect the West Vein on the way down as well. The best intercepts included 4.0 meters of 2.31% Cu, 0.11 g/t Au, and 7.0 g/t Ag (hole CB-20-20) and 3.2 meters of 2.84% Cu, 0.32 g/t Au, and 6.25 g/t Ag (hole CB-21-22). The mineralization is approximately 200 meters from surface and extends for approximately 150 meters vertically and 200 meters along strike. Historic intercepts had defined a potential resource and the current drilling program is confirming the historic information.

With these positive results, Doré Copper has expanded the drilling program to approximately 16,500 meters to test the mineralization further along strike and up-dip from hole CB-21-32 and to test the extension of the West Vein and East Vein (subparallel to the Main Vein). 

In the Main Vein above the dyke, Doré Copper completed five holes to infill the deposit as part of the upcoming mineral resource estimate. An increase in mineral resources is expected based on the mineralization intersected in the holes; assay results are pending. Another five drill holes were completed to test the potential northern extension of the Main Vein below the dyke and Deep Main Vein Lens. No significant mineralization was intersected. 

Figure 1. Long section view of the Corner Bay Main Vein below the dyke (blue horizontal line indicates vertical depth of 880 meters). 
Figure 2. Isometric view of the entire Corner Bay deposit. The red zones are the mineral resources defined in the 2019 NI 43-101 Technical Report. The diorite dyke bisects the deposit – Main Vein above the dyke and Main Vein below the dyke.  
Figure 3. Geology map of the Corner Bay deposit with projections to surface of the mineral resources defined in the 2019 NI 43-101 Technical Report and showing location of hole CB-21-32. 

Table 1. Corner Bay Property Drill Assay Highlights from the 2021 Drill Program

HoleFrom (m)To (m)Width1 (m)Cu (%)Au (g/t)Ag (g/t)Zone
CB-20-202257.0261.04.02.310.117.0West Vein

1,055.51,057.82.30.870.121.9Deep Main Vein Lens (north) 
CB-21-21106.2110.13.91.350.104.4West Vein
CB-21-22313.0316.23.22.840.326.3West Vein
CB-21-23120.6123.32.71.670.153.8West Vein
CB-21-24No significant mineralization


West Vein
CB-21-25634.4640.46.01.750.095.4New lens
including636.2640.44.22.130.116.7New lens

766.65767.50.850.480.044.7Main Vein below dyke (north)
CB-21-26214.5228.0513.552.060.339.3West Vein
including219.45227.07.553.220.5613.7West Vein
CB-21-27No significant mineralization


Main Vein below dyke (north)
CB-21-281,146.71,150.43.75.050.1511.3Main Vein below dyke (south)
including1,147.21,149.01.89.120.1719.2“
CB-21-291,050.61,054.33.72.470.879.3Main Vein below dyke (south) 
including1,051.61,053.11.55.252.0512.7“
CB-21-30Assays pending


Main Vein below dyke (south) 
CB-21-31Assays pending


Main Vein above dyke
CB-21-321,119.51,125.05.53.460.258.4Main Vein below dyke (south) 
including1,120.41,124.03.64.630.3011.4“
CB-21-33Assays pending



Main Vein above dyke
CB-21-34Assays pending



Main Vein below dyke (south)
CB-21-35Assays pending



Main Vein above dyke
CB-21-36Assays pending



Main Vein above dyke
CB-21-37Assays pending



Main Vein above dyke
  1. The true width of the structures intersected is estimated at approximately 60% of the downhole width, except for holes CB-20-20, CB-20-21 to CB-21-24 where the orientation of the vein in the West Vein is yet to be properly determined. It is interpreted that the intercept in hole CB-21-26 is sub-parallel to the dip and therefore the true width is estimated at <30%.
  2. Hole CB-20-20 was completed in 2021.

Table 2. 2020 Drill Assay Highlights from Main Vein below dyke (south)

HoleFrom (m)To (m)Width1 (m)Cu (%)Au (g/t)Ag (g/t)
CB-20-161,187.951,195.27.252.460.595.0
CB-20-16W11,155.01,158.33.31.940.134.5
CB-20-17974.0981.07.09.080.4130.6
including976.0980.754.7511.070.4836.1
CB-20-181,021.91,028.26.303.030.116.6
CB-20-191,160.751,167.26.454.060.3813.2
including1,164.851,167.22.356.100.7415.3
True widths estimated to be 60-65% of downhole lengths.

Corner Bay Deposit

The Corner Bay deposit contains an Indicated resource of 1.35 Mt at an average grade of 3.01% Cu and 0.29 g/t Au, containing 89.8 million pounds of copper and 13,000 ounces of gold, and an Inferred resource of 1.66 Mt at an average grade of 3.84% Cu and 0.27 g/t Au, containing 140.3 million pounds of copper and 15,000 ounces of gold, assuming a cut-off grade of 1.5% Cu and a copper price of US$3.25 per pound (Technical Report dated June 2019). 

The Corner Bay deposit is hosted by the intrusive Lac Doré Complex on the southern flank of the Chibougamau anticline. A regional north-northeastern diorite dyke also cuts the area. Several significant shear zones oriented north-south and northwest-southeast have been identified in the area. The Corner Bay area is characterized by copper porphyry style mineralization and by copper mineralization in shear zones commonly associated with dykes related to the Chibougamau Pluton. 

The Main Vein is oriented N10ºW dipping 75 to 85 degrees towards the west. To the north, the Main Vein is limited by one of the NW-SE structures while to the south it is open at depth across the “La Chib” fault. The mineralization varies from 15 centimeters to 8 meters thick, with an average thickness of 2.2 meters, located within a shear zone varying in width from 2 to 25 meters. The Main Vein below the dyke to the south is thicker and higher grade that the Main Vein above the dyke. The Main Vein lateral extension is now more than 900 meters and it remains open at depth down-dip and along strike.

Drilling and Quality Control

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

Sample preparation and assays were done at SGS lab in Val-d’Or, Québec. Samples were weighed, dried, crushed to 75% passing 2 mm, split 250 g, pulverized to 85% passing 75 microns. Samples were then fire assayed for Au (50 g) and sodium peroxide fusion ICP-MS finish for 34 elements.

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

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

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. The Corporation is focussed on implementing its hub-and-spoke development strategy by advancing its key high-grade copper-gold brownfield projects towards a restart of operations. Our goal is to achieve an annual production of 60 million pounds of copper equivalent (or 100,000 ounces gold equivalent).

The Corporation has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has produced 1.6 billion pounds of copper and 4.4 million ounces of gold. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand Mill). 

Doré Copper plans to deliver a preliminary economic assessment (PEA) of its hub-and-spoke model in late 2021. Currently, the Corporation is completing a 16,500-metre drilling program at its Corner Bay (Cu-Au) project which will lead to an updated mineral resource estimate in early Q3 2021. In addition, Doré Copper is expected to have a maiden mineral resource estimate for the former producing Joe Mann mine (Au-Cu) by end of June 2021.

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

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

Doré Copper completes option agreement for 100% interest in Cornerback – adds 2,100 hectares of land surrounding Corner Bay high-grade copper-gold deposit

   Download PDF   English   |   French

Toronto, Ontario – May 11, 2021 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) is pleased to announce that it has completed an option agreement with VanadiumCorp Resource Inc. (“VanadiumCorp”) and has earned a 100% interest  in the Cornerback Property, which totals 2,100 hectares and surrounds the Company’s flagship Corner Bay high-grade copper-gold project located in the southern portion of the Chibougamau mining camp, Québec. 

Ernest Mast, President and CEO, commented, “The Cornerback option agreement was the first transaction the Corporation completed after establishing itself in the Chibougamau mining camp as a private company in September 2017. It is a significant land position that surrounds our key Corner Bay asset. The Company is currently completing a 16,500-meter drilling program at the Corner Bay deposit, which is indicating additional exploration potential to the south. This acquisition is consistent with our strategy of consolidating the Lac Doré/Chibougamau mining camp and creating a profitable hub-and-spoke operation model with our Copper Rand centralized mill.”

Adriaan Bakker, President and CEO of VanadiumCorp, added, “We are proud to work with Doré Copper as they revitalize the Chibougamau Mining District once an integral producer of copper and gold in Canada. Doré Copper has assisted VanadiumCorp in realizing value from our Cu-Au mining claims, allowing us to prioritize development of our nearby vanadium mineral resource and to develop our patented and proprietary vanadium technologies. Our companies are aligned in recognizing the region’s vast geological potential within the politically stable and mining-friendly jurisdiction of Québec, Canada.”

Cornerback Option Agreement

The Cornerback option agreement was signed with VanadiumCorp on September 6, 2017. The Cornerback Property comprises 48 claims covering approximately 2,100 hectares and surrounds the Corporation’s Corner Bay project and is adjacent to the Corporation’s Devlin copper project to the west (Figure 1). 

The terms of the option agreement to acquire the Cornerback Property were $250,000 in cash payments (five annual payments of $50,000). The Corporation has decided to make the final payment of $50,000 in advance of the due date of September 6, 2021. In addition, VanadiumCorp retains a 2% NSR royalty, of which 50% or 1% can be bought back for $1,000,000, and upon commencement of commercial production on the Cornerback Property, Dore Copper would make a $250,000 cash payment. 

The Cornerback Property has a number of exploration and geophysical targets, including the potential southern extension of the Corner Bay main deposit. The claims have favorable geology being located on the southern flank of the Chibougamau pluton with a gabbroic anorthosite sequence. 

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

Figure 1.  Location of the Cornerback Property with respect to Corner Bay and Devlin Projects 

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. The Corporation is focussed on implementing its hub-and-spoke development strategy by advancing its key high-grade copper-gold brownfield projects towards a restart of operations. Our goal is to achieve an annual production of 60 M lbs of copper equivalent (or 100,000 oz gold equivalent).

The Corporation has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has produced 1.6 B lbs of copper and 4.4 M oz of gold. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand Mill). 

Doré Copper plans to deliver a preliminary economic assessment (PEA) of its hub-and-spoke model in late 2021. Currently, the Corporation is completing a 16,500-metre drilling program at its Corner Bay (Cu-Au) project which will lead to an updated mineral resource estimate for mid-2021. In addition, Doré Copper is expected to have a maiden mineral resource estimate for the former producing Joe Mann mine (Au-Cu) by end of June 2021.

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

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

Doré Copper posts Q4 and fiscal year 2020 financial statements and MD&A on Sedar and grants stock options

   Download PDF   English   |   French

Toronto, Ontario – April 23, 2021 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) has posted its fourth quarter and fiscal year 2020 financial statements and MD&A on SEDAR. The Company has also granted 1,207,000 stock options to management, directors and consultants. The stock options have an exercise price of $1.10 per share and a term of five years and have been granted in accordance with the Company’s Stock Option plan.

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. The Corporation is focussed on implementing its hub-and-spoke development strategy by advancing its key high-grade copper-gold brownfield projects towards a restart of operations. Our goal is to achieve an annual production of 60 M lbs of copper equivalent (or 100,000 oz gold equivalent).

The Corporation has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has produced 1.6 B lbs of copper and 4.4 M oz of gold. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of its 2,700 tpd mill (Copper Rand Mill). 

Doré Copper has resumed its drilling program for 2021 which will lead to an updated mineral resource estimate in Q2 2021 for the Corner Bay (Cu-Au) deposit and the former producing Joe Mann mine (Au-Cu), and a PEA in Q4 2021. 

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

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

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

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

Doré Copper upgrades to OTCQX

   Download PDF   English   |   French

Toronto, Ontario – April 22, 2021 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) is pleased to announce that it has qualified to trade on the OTCQX® Best Market. Doré Copper Mining Corp. upgraded to OTCQX from the OTCQB® Venture Market.

Doré Copper Mining Corp. begins trading today on OTCQX under the symbol “DRCMF”.  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

“Upgrading to the OTCQX Best Market is another important step in providing Doré Copper access to a broader US investor audience and further raising the Company’s profile as we advance our key brownfield copper-gold projects in Québec towards development and production” said Ernest Mast, President and CEO of Doré Copper.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. The Corporation is focussed on implementing its hub-and-spoke development strategy by advancing its key high-grade copper-gold brownfield projects towards a restart of operations. Our goal is to achieve an annual production of 60 M lbs of copper equivalent (or 100,000 oz gold equivalent).

The Corporation has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has produced 1.6 B lbs of copper and 4.4 M oz of gold. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of its 2,700 tpd mill (Copper Rand Mill). 

Doré Copper has resumed its drilling program for 2021 which will lead to an updated mineral resource estimate in Q2 2021 for the Corner Bay (Cu-Au) deposit and the former producing Joe Mann mine (Au-Cu), and a PEA in Q4 2021. 

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

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

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

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

Doré Copper to webcast live on April 22 at Virtual Investor Conference: Critical and Strategic Minerals Investment Opportunities in the province of Quebec

   Download PDF   English   |   French

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

Toronto, Ontario – April 20, 2021– Doré Copper Mining Corp. (the “Corporation” or “DoréCopper“) (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) is pleased to announce that Ernest Mast, President and CEO, will present live on April 22 at the Virtual lnvestor Conference focused on Critical and Strategic Minerals Investment Opportunities in the Province of Québec.

DORE COPPER PRESENTATION: 2:00 PM ET

REGISTER NOW: https://bit.ly/2RpKKRn

This will be a live, interactive online event where investors are invited to ask the company questions in real- time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

About Doré Copper Mining Corp.

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. The Corporation is focussed on implementing its hub-and-spoke development strategy by advancing its key high-grade copper-gold brownfield projects towards a restart of operations. Our goal is to achieve an annual production of 60 M lbs of copper equivalent (or 100,000 oz gold equivalent).

The Corporation has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has produced 1.6 B lbs of copper and 4.4 M oz of gold. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of its 2,700 tpd mill (Copper Rand Mill).

Doré Copper has resumed its drilling program for 2021 which will lead to an updated mineral resource estimate in Q2 2021 for the Corner Bay (Cu-Au) deposit and the former producing Joe Mann mine (Au-Cu), and a PEA in Q4 2021.

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

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

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

About Virtual Investor Conferences

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

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

For further information:

John M. Viglotti
SVP Corporate Services, Investor Access OTC Markets Group
Phone: (212) 220-2221
Email:

Neither TSX Venture Exchange n or 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 newsrelease.

Doré Copper provides exploration and development update of its high-grade copper-gold properties in Chibougamau, Quebec

   Download PDF   English   |   French   |   GERMAN

Toronto, Ontario – April 8, 2021 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) is pleased to provide an update on its exploration and development activities of its high-grade copper-gold projects in and near the Chibougamau mining camp in northwestern Québec, Canada. Exploration activities will continue into July 2021 with a plan to complete over 25,000 meters of drilling. 

Ernest Mast, President and CEO, commented, “The exploration program for 2021 provides the Corporation with numerous opportunities to add value. We are confident in increasing the size of the mineral resources at Corner Bay, establishing a maiden mineral resource at Joe Mann, and confirming additional high-grade mineralization at Cedar Bay in preparation for a preliminary economic assessment of a hub-and-spoke model by Q4 2021. Our plans also include drilling the newly acquired Norbeau property and test new geological targets on our land package. The detailed geophysical survey currently underway shall give us a better understanding of our deposits and potentially provide new drilling targets for the latter half of 2021.”

Corner Bay

  • 15,000 m drilling program in progress: 11 holes completed and a minimum of 5 holes remaining.
  • Target areas include: north side of Main Vein and Deep Main Vein Lens, south side of Main Vein following up on positive results from the 2020 drilling program (refer to news release dated September 17, 2020), south side of Main Vein above the dyke, and a connection of the Main Vein below the dyke with the Deep Main Vein Lens (Figure 1 shows the approximate location of the drill hole intercepts on a long section of the Corner Bay deposit).
  • Testing another vein structure approximately 250 meters west of the Main Vein at a depth between 200 and 500 meters.   
  • Expecting an increase from current Mineral Resource Estimate (“MRE”) with the 2020-21 drilling campaigns.
  • MRE update at end of Q2 2021.

Joe Mann

  • Completed re-sampling of Far West Zone and expecting results in Q2 2021.
  • Contracting an established geological consulting firm to start a maiden MRE of the Main and West Zones. Exploration plans for 2021 will be finalized upon the results for the Far West Zone and the Joe Mann MRE.
  • Permitting preparation for mine dewatering is underway. 

Cedar Bay

  • 1,800 meters drilling program for Q2 2021 at the Copper Cliff crown pillar and Zone 21 (both adjacent to Cedar Bay) to follow up on positive 2020 drill results (refer to news release August 5, 2020). 
  • Significant intercept from Copper Cliff crown pillar included 7.3% Cu and 13.6 g/t Au over a true width of 2.3 meters (hole CDR-20-04C) at a vertical depth of 34 meters. 
  • Zone 21 is the northeasternmost vein at Cedar Bay (or the southwesternmost at Copper Cliff) and was mined over a strike length of 150-200 meters, from 85 to 490 meters from surface. 
  • Western half of Zone 21 is on Doré Copper land. Hole CDR-20-07 intersected 2.25 meters grading 4.9% Cu, 0.46 g/t Au and 8.6 g/t Ag approximately 40 meters beneath the lowest mining level.
  • Permitting preparation for mine dewatering is underway.

Norbeau

  • 3,000 metres drilling program for Q3 2021 to test the Sharpe and New veins. Significant historical intercepts included 10.8 g/t Au over 2 meters (N-81-35), 2.4 g/t Au over 14 meters (N-81-11), and 11.2 g/t Au over 2 metres, including 95.3 g/t Au over 0.2 meters (N-81-22) at the New Vein and 4.1 g/t Au over 6 meters (SH-9-85)and 4.8 g/t Au over 2.8 meters (N-98) at the Sharpe vein (refer to news release dated March 22, 2021).

Other Exploration Targets

  • 5,400 meters drilling program at other exploration targets on its properties, which include extensions and distinct new structures near established deposits.  

Geophysics

  • Participation in a geophysical survey whereby 5,000 ha of the Corporation’s land in the Lac Doré mining camp, including the Norbeau property, will be flown by a MAG survey by NOVATEM with a 25 meter spacing and 1,000 reading per second. This survey represents the most detailed geophysical survey ever done on Doré Copper’s properties. The survey is currently underway.

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

From published information from the Government of Quebec, 59% of the population of Chibougamau has received vaccinations against COVID-19:

http://www.crsssbaiejames.gouv.qc.ca/1486/COVID-19_(coronavirus).crsssbaiejames

Figure 1.  Approximate location of the 2021 drill hole intercepts shown on a long section of the Corner Bay deposit

About Doré Copper Mining Corp. 

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. The Corporation is focussed on implementing its hub-and-spoke development strategy by advancing its key high-grade copper-gold brownfield projects towards a restart of operations. Our goal is to achieve an annual production of 60 M lbs of copper equivalent (or 100,000 oz gold equivalent).

The Corporation has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has produced 1.6 B lbs of copper and 4.4 M oz of gold. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of its 2,700 tpd mill (Copper Rand Mill). 

Doré Copper has resumed its drilling program for 2021 which will lead to an updated mineral resource estimate in Q2 2021 for the Corner Bay (Cu-Au) deposit and the former producing Joe Mann mine (Au-Cu), and a PEA in Q4 2021. 

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

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

Doré Copper consolidates and options the high-grade Norbeau Gold properties in the Chibougamau mining camp, Quebec

   Download PDF   English   |   French   |   GERMAN

Toronto, Ontario – March 22, 2021 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) is pleased to announce that it has entered into option agreements (the “Option Agreements”) to acquire a 100% interest in the former producing Norbeau gold mine property and the contiguous Beaurox property, a major land position totaling approximately 1,400 hectares (the “Properties”), located 15 kilometers by road north from the Corporation’s Copper Rand mill in the Chibougamau mining camp in northwestern Québec, Canada (Figure 1). All dollar amounts are stated in Canadian Dollars.

Highlights

  • Cash payments totaling $465,000 over three years ($135,000 over the first year)
  • Issuance of common shares in the Corporation (“Shares”) totaling $675,000 equivalent over three years
  • Cash payments totaling $175,000 and issuance of a further $950,000 equivalent in Shares upon meeting certain technical milestones
  • Spending commitments of $800,000 over 30 months
  • Norbeau mine historical gold production of approximately 160,000 ounces (380,000 tonnes at 13.77 g/t) from 1965 to 1969; Lac Minerals sunk a 780-foot (238 meters) shaft eventually deepened to 1,580 feet (482 metres)
  • On the Beaurox property to the east, trenching and limited shallow drilling identified additional veins (not mined) with intercepts of 4.1 g/t Au over 6 meters and 4.8 g/t Au over 2.8 meters at the Sharpe Vein and 10.8 g/t Au over 2 meters and 2.4 g/t over 14 meters at the New Vein (composite values)
  • Limited or no drilling below 150-200 meters on both the Sharpe Vein and New Vein
  • 2019 trenching at the New Vein encountered visible gold (Figure 2)
  • No drilling or exploration on the Properties since the late 1980’s 

Ernest Mast, President and CEO, commented, “The Properties provide an opportunity to further consolidate our position in the Chibougamau mining camp with high-grade copper and gold assets and build on our strategy to create a near-term, profitable hub-and-spoke operation with our centralized 2,700 tpd mill. The high-grade gold historically mined at Norbeau with limited and no modern exploration since the 1980s provides a unique low-cost exploration opportunity, particularly to the east of the Norbeau mine with the Sharpe and New Veins.” 

Next Steps

The Corporation will be completing a detailed compilation of all available data on the Properties and initially plans to investigate both the New Vein and Sharpe Vein. Doré Copper is also planning an airborne geophysical survey for the second quarter of 2021.

Option Agreements 

Under the terms of the Option Agreements, the Corporation may earn a 100% interest in the Properties under the following terms:

Norbeau Property

  • $50,000 in cash payments and $175,000 equivalent in Shares following receipt of TSX Venture Exchange approval, $50,000 in cash payments and $75,000 equivalent in Shares on the first anniversary, $65,000 in cash payments and $100,000 equivalent in Shares on the second and third anniversaries for a total of $230,000 in cash payments and $450,000 equivalent in Shares 
  • $100,000 in expenditures in the first 16 months and $100,000 in expenditures in the subsequent six months
  • $100,000 equivalent in Shares on filing a NI 43-101 Technical Report with mineral resources and a further $250,000 equivalent in Shares if the mineral resources (all categories) exceed 300,000 ounces of gold
  • $150,000 equivalent in Shares on commencement of commercial production and a further $350,000 equivalent in Shares after production of 100,000 ounces of gold 
  • 2% net smelter return (“NSR”) royalty, of which 1% may be bought back for $2,000,000

Beaurox Property

  • $35,000 in cash payments and $25,000 equivalent in Shares following receipt of TSX Venture Exchange approval, $50,000 in cash payments and $50,000 equivalent in Shares on the six-month anniversary, and on the first, second and third anniversaries for a total of $235,000 in cash payments and $225,000 equivalent in Shares 
  • $300,000 in expenditures in the first 18 months and $300,000 in expenditures in the subsequent six months
  • $75,000 in cash payments on commencement of drilling and $100,000 in cash payments after completion of 5,000 meters
  • 5,000 meters of drilling or cumulative equivalent expenditures prior to the third anniversary
  • $100,000 equivalent in Shares on filing a NI 43-101 Technical Report with mineral resources
  • $150,000 equivalent in Shares on commencement of commercial production 
  • 2% NSR royalty, of which 0.75% may be bought back for $3,000,000, and approximately $60,000 in advance royalty payments commencing in year three

The terms and conditions of the Option Agreements are subject to the receipt of all necessary approvals, including the acceptance of the TSX Venture Exchange. Shares issued pursuant to the Option Agreements will be subject to a four month hold period under applicable Canadian securities laws.

About the Properties

The Beaurox property is comprised of 28 unpatented mining claims covering approximately 1,000 hectares and the Norbeau property is comprised 11 claims totaling 386 hectares. 

Norbeau Mine (see Note 1)

The Norbeau mine historically produced approximately 160,000 ounces of gold from 1965 to 1969 at a grade of 13.77 g/t Au. Approximately 80% of the production was from the Main Vein (Vein #1) and 20% from Vein #4. The shaft extends to 1,580 feet (482 metres) with 10 levels but little or no development on the last two levels. In 1980-81, the Norbeau mine was dewatered to a depth of 1,580 feet and 13 underground holes totaling 762.2 meters were completed to test Vein #9, a low-grade east-west structure in the footwall of the lower level stopes. In 1987, Westminer Mines Ltd. completed six surface drill holes totaling 3,426 meters to intersect the extension of Vein #4 below the 10th level of the mine. Vein #4 was not intersected but new gold-bearing veins were found in the upper levels and below the 10th level. The best intercept of the program returned 9.09 g/t over 2.6 meters (0.265 oz/t over 8.6 ft) in Vein #9 from 1,265.8 to 1,274.4 feet. No other work is reported after this period at the Norbeau mine.

New Vein (see Note 2)

The New Vein (also referred to as the Shecapio Vein), located approximately 500 meters east of the Norbeau shaft, was discovered in 1980 and outcrops over a length of approximately 250 meters with an average width of 3 meters. During 1980-81, the New Vein was channel sampled and 42 short surface drill holes totaling 2,900 meters were completed along an east-west strike length of 300 meters. Significant intercepts included 10.8 g/t Au over 2 meters (N-81-35), 2.4 g/t Au over 14 meters (N-81-11), and 11.2 g/t Au over 2 metres, including 95.3 g/t Au over 0.2 meters (N-81-22). The New Vein has not been drill tested at depths below 100-150 meters. 

Sharpe Vein (see Note 3)

The east-west Sharpe Vein, located a further 500 meters to the east, was channel sampled over the 203.8 meters length of the vein exposure by Beaurox Mines Limited in 1982. The grade was established at 6.86 g/t (0.20 oz/t) Au over an average width of 2.9 meters (undiluted and all samples cut to 1.00 oz/t Au), including 124.8 meters grading 8.23 g/t (0.24 oz/t) Au over an average width of 3.29 meters. In 1985, a systematic re-sampling of the Sharpe Vein was carried out with 87 channel samples and 21 holes totaling 1,128 meters over a strike length of approximately 350 meters (including 18 short holes totaling 873.9 meters on 50 feet sections testing 50 feet below surface). Significant intercepts included 4.1 g/t Au over 6 meters (SH-9-85)and 4.8 g/t Au over 2.8 meters (N-98). In 1987, two holes totaling 354.8 meters were drilled to test the Sharpe Vein to a depth of 100 meters with no significant gold intercepts. The Sharpe Vein has not been drill tested at depths below 100-150 meters. 

Vein #5 (see Note 4)

Other veins include Vein #5, which is located at the west end of the Sharpe Vein and strikes northwest. In 1985, seven holes were drilled over a strike length of 140 meters. The best value was 5.0 g/t (0.146 oz/t) Au over 1 meter (hole 5-4-85). Vein #5 was channel sampled fairly systematically over a strike length of 45 meters in 2015. The sampling returned an average of 6.84 g/t Au over a length 45.4 meters with average widths of 1.61 meters.

Reference Notes

Historical production from the Norbeau mine and historical channel sampling and drilling results disclosed in this news release on the Properties are taken from the following sources:

  1. Ministry of Energy and Natural Resources, SIGEOM Database file GM46081 – Progress Report on the 1987 Norbeau Mine Exploration Program by Luke Evans, B.A.Sc., M.Sc., April 1987
  2. Ministry of Energy and Natural Resources, SIGEOM Database file GM39252 – Diamond Drill Record, Norbeau Property (1981) and GM39252PLAN_1-2
  3. Ministry of Energy and Natural Resources, SIGEOM Database file GM43254 – Diamond Drilling Program on the Sharpe Vein, Norbeau Property by Jean-Pierre Berube, Ing., December 1985
  4. Ministry of Energy and Natural Resources, SIGEOM Database file GM69396 – 2015 Exploration Program, Limited Channel Sampling on the No. 5 Vein, Norbeau Property Vein (Preliminary Compilation of Data) Beaurox Mines Ltd. Mining Claims (Dave Malouf), Norbeau Property by Claude P. Larouche, Ing., December 2015

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

Figure 1: Location Map of the Norbeau and Beaurox Properties 

Figure 2: Visible Gold from the New Vein Trench (source: D. Malouf, 2018)

About Doré Copper Mining Corp.

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau mining camp that has historically produced 1.6 B lbs of copper and 3.2 M oz of gold. In addition, the Corporation has optioned the high-grade Joe Mann gold mine (historical production 1.17 M oz at 8.26 g/t Au). The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometer radius of the Corporation’s 2,700 tpd mill (Copper Rand Mill). 

The Corporation’s current focus is to grow mineral resources and re-develop the high-grade Corner Bay (Cu-Au), Cedar Bay (Au-Cu), and Joe Mann (Au) deposits. The Corporation has resumed its drilling program starting at Corner Bay, which will lead to an updated mineral resource estimate in Q2 2021 and a PEA in H2 2021. 

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

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

Doré Copper announces its preparation plans to dewater the former Joe Mann gold mine and Cedar Bay copper-gold mine

   Download PDF   English   |   French   |   GERMAN

  • First water sampling tests indicate good results

Toronto, Ontario – March 5, 2021 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) is pleased to announce its preparation plans for the dewatering of the former Joe Mann and Cedar Bay mines which closed in 2007 and 1990, respectively.

The Company recently conducted water sampling tests down each shaft which returned positive results:

Cedar Bay Mine Sampling (November 2020):

The Cedar Bay mine ceased operations in 1990 after having produced 3.9 million tonnes (Mt) of ore grading 1.63% Cu and 3.21 g/t Au.  

Water was sampled down the shaft every 100 meters down to the deepest development level of 760 meters for a total of seven samples. Video inspection of the shaft indicated no deformation with rails intact and in place. The average pH was 6.52, mildly acidic or near neutral (pure water has a pH of 7.0). Heavy metals were low in concentration with many metals below detection limits. The characterization demonstrated the presence of dissolved solids that will also need to be considered in the selection of the water treatment system for dewatering.

Joe Mann Mine Sampling (February 2021):

The Joe Mann mine ceased operation in 2007 after having produced 1.2 million ounces of gold (4.75 Mt of ore grading 8.26 g/t Au and 0.25% Cu). 

Water was sampled down the shaft every 100 meters down to the deepest development level of 1,150 meters for a total of 12 samples. Video inspection indicated that the shaft is in excellent condition. The average pH was 7.35, indicating a slightly basic water chemistry. Heavy metals were low in concentration with many metals below detection limits. Copper and zinc concentrations were below detection limits in the majority of the samples. The characterization also demonstrated the presence of dissolved solids in this shaft, which will have to be considered in the choice of the water treatment system.

Ernest Mast, President and CEO, stated: “We are greatly encouraged by the good condition of the shafts and benign water characteristics in both mines. Following completion of the dewatering assessment, we will be in a position to make a decision on the dewatering of these mines. The dewatering would provide Doré Copper underground access to the lowest levels of the mines and accelerate our exploration and development timeline while lowering our drilling costs and improving drilling accuracy.” 

Following the positive results of the water samples, Doré Copper will commence the design of the dewatering programs. This assessment will include the costs and timelines of the dewatering, water treatment process, final treated water destination and precipitate disposal for each mine. The work is expected to be completed by year-end. 

Concurrently with the assessment, the Corporation will be submitting in April an application for attestation of exemption (demande d’attestation de non-assujettissement) to the Québec Ministry of Environment and Fight Against Climate Change. Subject to this approval, the Company would proceed to the second step, which is the application to the regional MELCC under Article 22. It is expected that approval would be received within six to eight months.

The Corporation contracted BluMetric Environmental Inc. out of Montreal to sample and analyze the water from both shafts.

Ernest Mast, Eng., President and CEO of the Company and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

New Appointment

Doré Copper has appointed Emilie Belanger as Manager Environment and Permitting. Ms. Belanger is an environment and sustainability professional with 20 years of experience in the mining industry. She founded Envirosynergie Services in 2014, which was subsequently acquired by GCM Consultants, where she remained until recently as Director of Environmental Services. Prior, she worked at Quebec Lithium as Environmental Superintendent and at Genivar as Assistant Director of the ATNQ (Abitibi-Témiscamingue et le Nord-du-Québec) Environmental Department. Ms. Belanger is very familiar with the “brownfield” assets of Dore Copper having worked for four years in the Environmental Department at Campbell Resources’ operations in the Chibougamau area. 

About Doré Copper Mining Corp.

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

The Corporation’s current focus is to grow mineral resources and re-develop the high-grade Corner Bay (Cu-Au), Cedar Bay (Au-Cu), and Joe Mann (Au) deposits. The Corporation has resumed its drilling program starting at Corner Bay, which will lead to an updated mineral resource estimate in Q2 2021 and a PEA in H2 2021. 

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

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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