“We are looking forward to commencing the program for 2021. The reason why it’s going to be such a key year is that with the additional drilling that we’re doing at Corner Bay, we’ll be determining a new resource estimate for the Corner Bay deposit, and since Corner Bay is the cornerstone deposit in our company, it’s going to make up a big part of the PEA. In addition, we will get results from the Joe Mann property, and that’s going to be a really nice complimentary deposit to Corner Bay, in order for us to reach that goal of 100,000 ounces per year of gold equivalent or 60 million pounds per year of copper equivalent, we do need to sequence other mines through the mill, in addition to Corner Bay.”
Doré Copper Mining (TSXV: DCMC – OTCQB:DRCMF) (Sponsor) Some juniors have it all, which is why CEO Ernest Mast couldn’t be more optimistic . It has great projects with high grade deposits, excellent infrastructure in a mine friendly Quebec and has near term production with very low capex. The projects are a stone’s throw (8 miles) from the town of Chibougamau. The company has no debt and owns a 2,700 tpd mill with a 8.0mt tailings facility, who’s replacement cost is several times Dore’s market cap. The project is on the grid, has highway access and to has a rail link to boot. They’re expecting to produce 100,000+ ounces per year au equivalent. The low capex needed to restart production means that it could all happen very quickly.
Ernie Mast, President and CEO of Dore Copper Mining (TSX.V:DCMC – OTCQB:DRCMF) to provide a high level overview of the Company’s three main assets in Quebec and outline the exploration work that is underway. The Company holds a total of 6 assets in the Chibougamau Camp in Quebec. Focus is on the Corner Bay, Cedar Bay, and Joe Mann Properties. With both high grade copper and gold recent drill results Dore Copper has drill programs at different stages at each Project.
In this interview, Doré Copper Mining’s president and CEO Ernest Mast provides an overview of the company’s investment value proposition, describes why the company is undervalued and explains the plans for 2021.
Doré Copper Mining’s projects are located just 14 km from the town of Chibougamau in mine-friendly Quebec and are one of Canada’s premier near-term redevelopment opportunities. Doré Copper is debt-free and owns a 2,700 tpd mill with a 8.0Mt tailings facility. There is already power to site and it is accessible by paved highway and rail. The goal is to produce a profitable hub-and-spoke operation of +100,000 oz/yr AuEq or +60 M lbs CuEq by 2023/2024. Because of the existing infrastructure and location, a low capex is anticipated to recommence production.
“Blessed with a Number of Deposits that are Open and High Grade”– Interview with Ernest Mast, Doré Copper’s President and CEO
“The intercepts really show the potential that we have in the camp that we’re definitely a camp play. The intercept at that central vein, that 14.2% copper was the highest grade copper intercept we’ve ever had at Cedar Bay. It’s located approximately 160 meters from a previous high-grade gold and copper hit. We’re currently doing some infill in that area. ”– Interview with Ernest Mast, Doré Copper’s President and CEO
Ernest Mast, Doré Copper’s President and CEO stated in the news-release dated March 2 2020, “The results of the drilling program suggest that we’ll be able to expand the mineral resource at Corner Bay, one of the highest-grade copper deposits in the Americas. The deposit remains open in all directions and we have numerous targets that will be tested in the future. In addition, we did a downhole EM survey on a shear structure east of the main vein that will generate additional targets. Drilling has commenced at Cedar Bay to test the high-grade gold mineralization of the parallel 10-20 zones where previous drilling intercepted numerous high-grade intercepts including 2.4 meters of 19.5 g/t gold and 1.67% copper as well as test the main vein at Cedar Bay at depth. After the Cedar Bay program, drilling will commence at the high-grade gold Joe Mann mine to test the downdip potential where previous drilling intercepted 3.02 meters of 30.3 g/t gold.”