Dore Copper Mining (TSXV: DCMC; OTC: DRCMF) has released an initial resource estimate for its Joe Mann property, where the company has an option to earn a 100% interest. Inferred resources are estimated at 608,000 tonnes averaging 6.78 g/t gold and 0.24% copper, containing 133,000 oz. of gold and 3.2 million lb. of copper.
“This is a good start towards our exploration and re-development plan for the former Joe Mann mine as part of our hub-and-spoke operation model, which will include several mines feeding our centralized mill having a capacity of 2,700 t/d," said Ernest Mast, president and CEO of Doré Copper. "Our plan is to continue future drilling activities from underground where there is excellent potential for the gold mineralization to continue down plunge at both the West and Main zones. We are also confident that with additional drilling the average gold grade of the deposit will increase.”
The former Joe Mann mine is about 60 km by road to the south of the Copper Rand mill near Chibougamau, Que. During its lifetime from 1956 to 2007, the mine produced about 1.2 million oz. gold, 28.7 million lb. copper, bad 607,000 oz. silver.
A preliminary economic assessment is to be completed by the end of the year. The Corner Bay mine will provide the bulk of the feed to the mill. At the beginning of January 2020, it had an indicated resource of 1.4 million tonnes grading 0.29 g/t gold and 3% copper, 13,000 oz. of gold and 89.8 million lb. of copper. The inferred resource was 1.7 million tonnes at 0.27 g/t gold and 3.8% copper, for 15,000 oz. of gold and 140.3 million lb. copper.
Details about the Joe Mann and Corner Bay properties can be found at www.DoreCopper.com.
October 31, 2024
October 31, 2024
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