Doré Copper Mining Corp. (the "
Company" or
"
Doré Copper") (TSXV: DCMC; OTCQX: DRCMF; FRA:
DCM) is pleased to announce positive flotation test results at its
flagship Corner Bay high-grade copper-gold project located
approximately 55 kilometers by road from the Corporation’s Copper
Rand mill, near Chibougamau, Québec. This metallurgical test
program is part of the work that is designed to support completion
of a feasibility study for the implementation of a hub-and spoke
operation model.
Key Highlights from “Lock Cycle”
Flotation Tests
- Excellent copper recoveries of 98.2% and
96.8% from a representative composite sample
- High-quality copper concentrate grades results of
27.0% and 29.6%
The results are an improvement over the figures
included in the May 2022 preliminary economic assessment (“PEA”),
where the flotation recoveries for copper were 96.7% and the copper
concentrate grade was 23.7%. All metallurgical tests completed to
date support the effectiveness of utilizing ore sorting technology
to improve the mill feed grade and reduce the mill feed tonnage
resulting in a high-quality salable copper concentrate.
Ernest Mast, President & CEO,
stated, "These flotation test results validate the favorable
mineralogy of the Corner Bay deposit for high performance ore
sorting technology and conventional flotation to produce a
high-quality copper concentrate containing low levels of
deleterious metals. These figures demonstrate the robust nature of
the processing plant flowsheet that will be used in the feasibility
study.”
Metallurgical Test Work Program
Summary
Base Metallurgical Laboratories in Kamloops,
British Columbia was commissioned to complete Corner Bay
metallurgical development and locked cycle flotation testing in
support of the feasibility study.
A total of 34 diamond drill holes were used to
create a spatially diverse composite sample (the “CBSP” composite)
that intersected copper mineralized zones within the Corner Bay
Mineral Resource estimate. The core material selected represented
different rock types: semi and massive sulphides, quartz veins,
diorite dyke, and fresh and altered anorthosite. The drill core was
sampled by cutting a quarter split NQ core.
The CBSP composite was firstly compiled into a
202 kilogram sample with a grade of 2.20% Cu. The CBSP composite
was then processed through the Steinert ore sorter and mixed with
26% of the unsorted underflow by-passed mineralized material to
represent an overall sorted pre-concentrate mineralized material
product. The CBSP composite resulted in a 123 kilogram sample with
a grade of 3.31% Cu.
The composite sample was evaluated through lock
cycle tests to determine the flotation metallurgical performance.
The sample was prepared to a nominal grind size of 140 microns K80
in the rougher testing and then processed through a regrind size of
approximately 37 microns K80 in the cleaner tests.
The sample responded consistently throughout the
test work with excellent performance to conventional flotation
processing methods and reagents. Two locked cycle tests were
completed with varying retention times to determine the concentrate
grade versus recovery. The tests resulted in concentrate grades of
27.0% Cu and 29.6% Cu and recoveries 98.2% and 96.8%, respectively
(see Table 1).
Minimal amounts of deleterious elements (e.g.
arsenic, antimony, bismuth, cadmium etc.) were present in the
concentrate, indicative of the “clean” nature of the concentrate
(see Table 2). These results showed the highly commercial quality
of the concentrate in terms of salability and payment terms of
smelters.
Table 1. Metallurgical Test Work Results
Composite / Test |
Lock cycle test feed |
Concentrate |
Recovery |
CBSP (sorted mineralized material) |
Cu % |
Au g/t |
Ag g/t |
Cu % |
Au g/t |
Ag g/t |
Cu % |
Au % |
Ag % |
Lock Cycle Test 1 |
3.31 |
0.30 |
9 |
27.0 |
1.82 |
68 |
98.2 |
72.1 |
86.4 |
Lock Cycle Test 2 |
3.28 |
0.55 |
10 |
29.6 |
3.24 |
72 |
96.8 |
62.6 |
76.9 |
Table 2. Impurity Element Content
of Copper Concentrate
Composite / Test |
Impurity Elements (ppm)1 |
CBSP (sorted mineralized material) |
Arsenic(As) |
Antimony(Sb) |
Bismuth(Bi) |
Cadmium(Cd) |
Lead(Pb) |
Mercury(Hg) |
Zinc(Zn) |
Lock Cycle Test 1 |
22 |
3 |
4 |
10 |
102 |
1 |
735 |
Lock Cycle Test 2 |
10 |
3 |
3 |
10 |
88 |
1 |
777 |
1. |
All analyses
in parts per million (ppm). |
Technical Disclosure
All metallurgical test work referenced in this
news release was completed by Base Metallurgical Laboratories Ltd.
(“BML”), based in Kamloops British Columbia, Canada.
Commercial certified standard material and
blanks were inserted by BML into the sample chain accounting for
10% of the samples as part of the quality assurance and quality
control (QA/QC) program.
Qualified Person
Ernest Mast, P.Eng., President and CEO of the
Corporation, and a "Qualified Person" within the meaning of
National Instrument 43-101 – Standards of Disclosure for Mineral
Projects, has reviewed and approved the scientific and 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 an initial 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 Copper Rand mill1. The Company has delivered its
PEA in May 2022 and is proceeding with a feasibility study.
The Company has consolidated a large land
package in the prolific Lac Doré/Chibougamau and Joe Mann mining
camps that has historically produced 1.6 billion pounds of
copper and 4.4 million ounces of gold2. The land package
includes 13 former producing mines, deposits and resource target
areas within a 60-kilometre radius of the Company's Copper Rand
Mill.
For further information, please contact:
Ernest Mast |
Laurie Gaborit |
President and Chief Executive Officer |
Vice President, Investor Relations |
Phone: (416) 792-2229 |
Phone: (416) 219-2049 |
Email: ernest.mast@dorecopper.com |
Email: laurie.gaborit@dorecopper.com |
Visit: www.dorecopper.com Facebook: Doré Copper MiningLinkedIn:
Doré Copper Mining Corp.Twitter: @DoreCopperInstagram:
@DoreCopperMining
1. |
Technical report titled "Preliminary Economic Assessment for the
Chibougamau Hub-and-Spoke Complex, Québec, Canada" dated June 15,
2022, in accordance with National Instrument 43-101 –
Standards of Disclosure for Mineral Projects. The Technical Report
was prepared by BBA Inc. with several consulting firms contributing
to sections of the study, including SLR Consulting (Canada) Ltd.,
SRK Consulting (Canada) Inc. and WSP Inc. |
2. |
Sources for historic production figures: Economic Geology, v. 107,
pp. 963–989 - Structural and Stratigraphic Controls on Magmatic,
Volcanogenic, and Shear Zone-Hosted Mineralization in the
Chapais-Chibougamau Mining Camp, Northeastern Abitibi, Canada by
François Leclerc et al. (Lac Dore/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 Ressources Inc.
(Joe Mann mine). Doré Ramp November 1992 Summary, internal
Westminer Report. |
Cautionary Note Regarding
Forward-Looking StatementsThis news release includes
certain "forward-looking statements" under applicable Canadian
securities legislation. 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", "forecast", "expect",
"potential", "project", "target", "schedule", "budget" and "intend"
and statements that an event or result "may", "will", "should",
"could" or "might" occur or be achieved and other similar
expressions and includes the negatives thereof. All statements
other than statements of historical fact included in this news
release, including, without limitation, statements with respect to
the timing and ability of the Company to receive necessary
regulatory approvals, the Company's ability to meet its production
target, the commencement, timing and completion of a feasibility
study, and the plans, operations and prospects of the Company and
its properties are forward-looking statements. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties and other factors which may cause
actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such
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, regulatory changes, delays or
inability to receive required regulatory approvals, health
emergencies, pandemics and other exploration or other risks
detailed herein and from time to time in the filings made by the
Company with securities regulators. Although the Company has
attempted to identify important 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 to differ materially 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.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
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