Doré Copper is a TSX-V-listed company that’s engaged in the acquisition, exploration and evaluation of mineral properties. The company completed a qualifying transaction on December 13, 2019, establishing itself as a copper-gold explorer and developer in the prolific Chibougamau area of Québec, Canada.
Doré Copper, through its wholly-owned subsidiary CBAY Minerals Inc., holds a 100% interest in the Corner Bay, Cedar Bay, Devlin and Copper Rand mines. The company also has an option to acquire the Joe Mann mine. Joe Mann is a past producing gold mine that produced 1.17 M ounces at a grade of 8.26 g/t that operated in 2007. All the deposits have access to the mineralised areas via shafts or declines and are located in the vicinity of Chibougamau, Québec. This sets the company up as a potential hub and spoke operation with the company’s 2,700-tpd Copper Rand mill that last operated in 2008.
Doré recently announced initial intercepts from its 2020 drill program. The maiden 2020 drill program has successfully expanded mineralization at Corner Bay, including one of the highest-grade intercepts to date with hole CB-20-17 that returned 9.08% Cu over 7.0 metres (TW approx. 4.6 metres). This intercept is located 100 metres to the south along strike of holes CB-18-07 (3.5 % Cu over 13.3 metres, including 5.22% Cu over 5.11 metres) and CB-18-06 (2.33% Cu over 12.3 metres including 3.98% Cu over 4.3 metres). Drilling is now focused on the higher gold grade deposits Cedar Bay and Joe Mann to test the area where previous drilling intercepted 3.02 meters of 30.3 g/t gold and 1.30% Cu.