TORONTO, April 08, 2021 (GLOBE NEWSWIRE) — Doré Copper Mining Corp. (the “Company” or “Doré Copper“) (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) is happy to supply an replace on its exploration and improvement actions of its high-grade copper-gold tasks in and close to the Chibougamau mining camp in northwestern Québec, Canada. Exploration actions will proceed into July 2021 with a plan to finish over 25,000 meters of drilling.
Ernest Mast, President and CEO, commented, “The exploration program for 2021 supplies the Company with quite a few alternatives so as to add worth. We’re assured in growing the scale of the mineral assets at Nook Bay, establishing a maiden mineral useful resource at Joe Mann, and confirming extra high-grade mineralization at Cedar Bay in preparation for a preliminary financial evaluation of a hub-and-spoke mannequin by This fall 2021. Our plans additionally embody drilling the newly acquired Norbeau property and take a look at new geological targets on our land bundle. The detailed geophysical survey at the moment underway shall give us a greater understanding of our deposits and probably present new drilling targets for the latter half of 2021.”
- 15,000 m drilling program in progress: 11 holes accomplished and a minimal of 5 holes remaining.
- Goal areas embody: north facet of Principal Vein and Deep Principal Vein Lens, south facet of Principal Vein following up on constructive outcomes from the 2020 drilling program (consult with information launch dated September 17, 2020), south facet of Principal Vein above the dyke, and a connection of the Principal Vein under the dyke with the Deep Principal Vein Lens (Determine 1 reveals the approximate location of the drill gap intercepts on an extended part of the Nook Bay deposit).
- Testing one other vein construction roughly 250 meters west of the Principal Vein at a depth between 200 and 500 meters.
- Anticipating a rise from present Mineral Useful resource Estimate (“MRE”) with the 2020-21 drilling campaigns.
- MRE replace at finish of Q2 2021.
- Accomplished re-sampling of Far West Zone and anticipating leads to Q2 2021.
- Contracting a longtime geological consulting agency to start out a maiden MRE of the Principal and West Zones. Exploration plans for 2021 can be finalized upon the outcomes for the Far West Zone and the Joe Mann MRE.
- Allowing preparation for mine dewatering is underway.
- 1,800 meters drilling program for Q2 2021 on the Copper Cliff crown pillar and Zone 21 (each adjoining to Cedar Bay) to comply with up on constructive 2020 drill outcomes (consult with information launch August 5, 2020).
- Vital intercept from Copper Cliff crown pillar included 7.3% Cu and 13.6 g/t Au over a real width of two.3 meters (gap 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 size of 150-200 meters, from 85 to 490 meters from floor.
- Western half of Zone 21 is on Doré Copper land. Gap CDR-20-07 intersected 2.25 meters grading 4.9% Cu, 0.46 g/t Au and eight.6 g/t Ag roughly 40 meters beneath the bottom mining degree.
- Allowing preparation for mine dewatering is underway.
- 3,000 metres drilling program for Q3 2021 to check the Sharpe and New veins. Vital historic 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, together with 95.3 g/t Au over 0.2 meters (N-81-22) on 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) on the Sharpe vein (consult with information launch dated March 22, 2021).
Different Exploration Targets
- 5,400 meters drilling program at different exploration targets on its properties, which embody extensions and distinct new constructions close to established deposits.
- Participation in a geophysical survey whereby 5,000 ha of the Company’s land within the Lac Doré mining camp, together with the Norbeau property, can be flown by a MAG survey by NOVATEM with a 25 meter spacing and 1,000 studying per second. This survey represents essentially the most detailed geophysical survey ever executed on Doré Copper’s properties. The survey is at the moment underway.
Andrey Rinta, P.Geo., the Exploration Supervisor of the Company and a “Certified Particular person” inside the that means of Nationwide Instrument 43-101, has reviewed and accepted the technical data contained on this information launch.
From revealed data from the Authorities of Quebec, 59% of the inhabitants of Chibougamau has acquired vaccinations in opposition to COVID-19:
About Doré Copper Mining Corp.
Doré Copper Mining Corp. is a copper-gold explorer and developer within the Chibougamau space of Québec, Canada. The Company is focussed on implementing its hub-and-spoke improvement technique by advancing its key high-grade copper-gold brownfield tasks in the direction of a restart of operations. Our purpose is to attain an annual manufacturing of 60 M lbs of copper equal (or 100,000 oz gold equal).
The Company has consolidated a big land bundle within 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 bundle contains 13 former producing mines, deposits and useful resource goal areas inside a 60-kilometre radius of its 2,700 tpd mill (Copper Rand Mill).
Doré Copper has resumed its drilling program for 2021 which is able to result in an up to date mineral useful resource estimate in Q2 2021 for the Nook Bay (Cu-Au) deposit and the previous producing Joe Mann mine (Au-Cu), and a PEA in This fall 2021.
Cautionary Be aware Concerning Ahead-Trying Statements
This information launch contains sure “forward-looking statements” below relevant Canadian securities laws. Ahead-looking statements embody predictions, projections and forecasts and are sometimes, however not all the time, recognized by way of phrases comparable to “search”, “anticipate”, “imagine”, “plan”, “estimate”, “forecast”, “anticipate”, “potential”, “venture”, “goal”, “schedule”, “price range” and “intend” and statements that an occasion or end result “could”, “will”, “ought to”, “might” or “would possibly” happen or be achieved and different related expressions and contains the negatives thereof. All statements apart from statements of historic reality included on this launch, together with, with out limitation, statements concerning the timing and talent of the Company to obtain essential regulatory approvals, and the plans, operations and prospects of the Company and its properties are forward-looking statements. Ahead-looking statements are essentially primarily based upon quite a lot of estimates and assumptions that, whereas thought of affordable, are topic to identified and unknown dangers, uncertainties and different elements which can trigger precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking statements. Such elements embody, however should not restricted to, precise exploration outcomes, adjustments in venture parameters as plans proceed to be refined, future steel costs, availability of capital and financing on acceptable phrases, common financial, market or enterprise circumstances, uninsured dangers, regulatory adjustments, delays or lack of ability to obtain required regulatory approvals, well being emergencies, pandemics and different exploration or different dangers detailed herein and sometimes within the filings made by the Company with securities regulators. Though the Company has tried to establish vital elements that would trigger precise actions, occasions or outcomes to vary from these described in forward-looking statements, there could also be different elements that trigger such actions, occasions or outcomes to vary materially from these anticipated. There could be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides as required by regulation.
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