Doré Copper Defines High-Grade Copper (+3% Cu) Corner Bay Deposit with CEO Ernest Mast
Doré Copper Mining’s (TSXV: DCMC – OTCQB:DRCMF – FRA:DCM) just announced a significant increase in the size of the MRE at its Corner Bay deposit (now totaling 7.2 Mt @ 3% Cu). Corner Bay is now one of the few undeveloped high-grade copper deposits (+3% Cu) in the world today. President and CEO Ernest Mast explains that this represents an important step-change for the economic potential of an underground mining operation at Corner Bay, which will be an integral part of the company’s hub-and-spoke operation model. Doré Copper anticipates demonstrating very attractive economics in the PEA which is anticipated to be completed by January 2022.
Doré Copper Mining’s assets contain some of the highest-grade undeveloped copper and gold deposits in North America. The company’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.
0:00 Introduction
1:30 Corner Bay MRE of +3% Cu
3:00 High confidence level in Corner Bay deposit’s geology
4:16 Historic grade of Corner Bay deposit when in production?
4:58 PEA work is ongoing
6:00 Devlin deposit to come online after Corner Bay
6:30 2024 goal for commencing production
7:45 Some funds require a PEA before investing in a company
8:50 Corner Bay deposit is only 55km to Copper Rand mill
9:30 Ernie’s recent trip to site
11:11 Corner Bay deposit’s growth potential
Dore Copper’s most-recent presentation
