Doré Copper Mining Corp. (TSX-V: DCMC) (OTCQX: DRCMF) (FRA: DCM) is pleased to announce additional high-grade copper results from its completed 2021 drilling campaign at its flagship Corner Bay property, located in the Chibougamau mining camp, approximately 40 kilometers by road from Chibougamau, Québec.
The 2021 drilling program totaled 41,063 meters in 43 holes (including wedge holes). Doré Copper is reporting today the results from five holes. The Corporation expects to receive assays for the remaining six holes of the program towards the end of February.
The drill results reported today have successfully expanded the copper-gold mineralization at Corner Bay in two areas of the deposit and will be incorporated, along with the results released on January 19, 2022 and the other pending results, into an updated Mineral Resource estimate for Corner Bay for the preliminary economic assessment anticipated at the end of the first quarter of 2022.
High-Grade Drilling Highlights
Main Vein above dyke (Figure 1)
Ernest Mast, President and CEO of Doré Copper, commented, “With these impressive high-grade copper intercepts, which are much higher than the approximate 3% average copper grade of the deposit, we have now defined a very high-grade zone of approximately 150 meters in length by 250 meters vertical within a key area of the deposit. The addition of this zone and the recently announced zone connecting the Main Vein below the dyke to the Lower Deep Lens is expected to add at least 1 million tonne to the current high-grade mineral resources and enhance our hub and spoke operation model with Corner Bay as its main mine. Our 2022 drilling program, already underway, includes approximately 45,000 meters of infill drilling at Corner Bay to upgrade the Inferred Resource to Indicated Resource for the feasibility study that will commence after the completion of the PEA at the end of Q1 2022.”
Corner Bay Drilling Program
In the Main Vein above the dyke, today’s results from holes CB-21-53 (2.0 meters of 3.34% Cu and 15.6 g/t Ag), CB-21-55 (3.9 meters of 8.03% Cu, 0.86 g/t Au, 42.1 g/t Ag, and 1,109 ppm Mo), CB-21-57 (4.2 meters of 6.18% Cu, 0.12 g/t Au, and 26.6 g/t Ag) in combination with hole CB-21-52 (previously announced, 3.7 meters of 9.41% Cu, 2.84 g/t Au, 36.5 g/t Ag, and 890 ppm Mo) have defined a very high-grade copper zone of approximately 150 meters of strike length by 250 meters of vertical depth (Figure 1 and Table 1). This high-grade zone overlaps with the upper part of the Main Vein below the dyke and is still open down plunge.
In addition, holes CB-21-54 and CB-21-56 further confirmed that the mineralized area between the Main Vein below the dyke and the Deep Main Lens is continuous (Figure 2 and Table 1). This is another new area of 200 meters of strike length and approximately 300 meters of vertical extension that will be included the Mineral Resource update for the PEA.
The 2021 drilling program has successfully continued to expand the copper-gold mineralization at Corner Bay in three areas of the deposit (Figure 3), bringing the total strike length to over 1,100 metres.
Table 1. Corner Bay Drill Assays Highlights from the 2021 Drill Program
|CB-21-53||768.3||770.3||2.0||3.34||0.56||15.6||–||Main Vein above dyke|
|CB-21-54||1,149.5||1,152.3||2.8||1.85||0.29||3.9||614||Between Main Vein and Deep Lens|
|CB-21-55||673.7||677.6||3.9||8.03||0.86||42.1||1,109||Main Vein above dyke|
|CB-21-56||1,294.0||1,297.0||3.0||2.10||0.10||–||–||Between Main Vein and Deep Lens|
|CB-21-57||720.0||724.2||4.2||6.18||0.12||26.6||271||Main Vein above dyke|
|Drill Assays Highlights released on January 19, 2022|
|CB-21-47||1,230.0||1,237.35||7.35||5.08||0.27||8.6||182||Between Main Vein and Deep Lens|
|CB-21-52||598.9||602.6||3.7||9.41||2.84||36.5||890||Main Vein above dyke|
Corner Bay Deposit
In the Mineral Resource estimate of October 6, 2021, the Corner Bay deposit contains an Indicated Resource of 2.66 Mt at 2.68% Cu and 0.26 g/t Au containing 157 million pounds of copper and 22,000 ounces of gold and an Inferred Resource of 4.54 Mt at 3.20% Cu and 0.27 g/t Au containing 320 million pounds of copper and 39,000 ounces of gold, based on a cut-off grade of 1.3% Cu and a copper price of US$3.75 per pound (refer to Technical Report dated November 10, 2021)2.
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.
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 preparation was done at SGS Canada Inc. in Val-d’Or, Québec, and fire assay and ICP analysis was done at SGS Canada Inc. in Burnaby, B.C. Samples were weighed, dried, crushed to 75% passing 2 mm, split to 250 g, and 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. aims to be the next copper producer in Québec with a 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 2,700 tonnes per day mill. The Corporation is expected to deliver a PEA at the end of the first quarter of 2022 and then initiate a feasibility study and permit applications.
The Corporation has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has produced 1.6 billion pounds of copper and 4.4 million ounces of gold1. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Corporation’s Copper Rand Mill.
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