Doré Copper files a technical report for Corner Bay and
TORONTO, Nov. 22, 2021 (GLOBE NEWSWIRE) – Doré Copper Mining Corp. (the “company” Where “Gold Copper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) is pleased to announce that following its press releases dated October 6 and October 14, 2021, it has filed a technical report in accordance with the National Instrument 43-101 Disclosure standards for mining projects (“Regulation 43-101”) On the Company’s Corner Bay and Devlin copper projects.
A copy of the technical report (Technical Report on the Corner Bay-Devlin Property, Northwestern Quebec, Canada dated November 10, 2021) is available on the Company’s profile on SEDAR at www.sedar.com and on the website of the Company at https: / /www.dorecopper.com. The technical report focuses on an updated mineral resource estimate for the Corner Bay and Devlin projects located on the same property, south of the Chibougamau mining camp in northern Quebec. The report was prepared by SLR Consulting (Canada) Ltd., an independent global mining consulting and consulting firm.
Ernest Mast, President and CEO of the Company, said: “Work is progressing on the Preliminary Economic Assessment (PEA) which will evaluate a star mining model that will include our flagship high-grade Corner Bay copper-gold deposit, as well as Devlin (copper-gold) and Joe Mann (deposits gold-copper) to complete the tonnage. The PEA is expected to be completed in January 2022. Meanwhile, our drilling activity continues at Corner Bay to further increase our resource base above the existing 7.2 million tonnes.
The technical report on the Corner Bay-Devlin property was prepared by Luke Evans, M.Sc., P.Eng. and Marie-Christine Gosselin, B.Sc., P.Geo., of SLR, both “independent qualified persons” within the meaning of NI 43-101.
Andrey Rinta, P.Geo., The Company’s chief exploration officer and a “qualified person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this press release.
About Doré Copper Mining Corp.
Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau region of Quebec, Canada. The Company is focused on implementing its hub-and-spoke development strategy by advancing its major copper and gold brownfield projects towards a restart of operations. Our goal is to achieve an annual production of 60 Mlbs of copper equivalent (or 100,000 oz of gold equivalent).
The Company consolidated a large pool of land in the prolific Lac Doré / Chibougamau and Joe Mann mining camps which produced 1.6 billion pounds of copper and 4.4 million ounces of gold.1. The land package includes 13 former producing mines, deposits and target resource areas within 60 kilometers of the Company’s 2,700 t / d plant (Copper Rand Mill).
Doré Copper plans to deliver an EEP of its hub-and-spoke model in January 2022. The Company is completing its 2021 drilling program of 50,000 meters on its properties in the Lac Doré and Chibougamau region of Quebec.
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1. Sources of historical production figures: Economic Geology, v. 107, pp. 963-989 – Structural and stratigraphic checks on mineralization in magmatic, volcanic and shear zones in the Chapais-Chibougamau mining camp, northeast of Abitibi, Canada by François Leclerc et al. (Lac Doré / 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 Resources Inc. (Joe Mann mine).
Caution Regarding Forward-Looking Statements
This press release includes certain “forward-looking statements” under applicable Canadian securities laws. 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”, ” foresee, “” expect “,” potential “,” project “,” target “,” ‘budget “” could “occur or be achieved and other similar expressions and understands the negative aspects thereof. Specific forward-looking statements contained in this press release include, without limitation, the completion of a PIA in January 2022, increasing the Corner Bay resource base above the existing 7.2 million tonnes, the implementation of a star-shaped development strategy by advancing the The main copper-gold brownfield projects high grade of the Company towards a restart of operations, and the Company’s objective of achieving annual production of 60 M lbs of copper equivalent (or 100,000 oz of gold equivalent).
All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding the timing and ability of the company to receive the necessary regulatory approvals, and the plans, operations and prospects of the company and its properties are forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors that may cause actual results and future events differ materially from those expressed or implied by such forward-looking statements. These 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, changes, delays or inability to receive required regulatory approvals, health emergencies, pandemics and other explorations or other risks detailed in herein and from time to time in documents filed by the Company with securities regulatory authorities. Although the Company has attempted to identify material 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 differ significantly 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. Therefore, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
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