Doré Copper Mining Corp announced additional results from the 2021 drilling campaign at its flagship Corner Bay property in Québec, which included 3.7 meters (m) of 9.4% copper, 2.8 grams per tonne (g/t) gold, and 36.5 g/t silver.
The company said the latest drill results have further expanded the deposit in three areas and will be incorporated, with other pending assays, into an updated resource estimate of the Corner Bay deposit for the preliminary economic assessment (PEA) anticipated at the end of the first quarter of 2022.
“These positive drill results from three different areas of the deposit, as well as pending assays from the remaining of the 2021 drilling program, are expected to further increase the mineral resources that will be reported in the upcoming PEA,” Doré Copper CEO Ernest Mast said in a statement.
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“The connection of the Main Vein above the dyke with the Lower Deep Lens is very significant. In addition, the intercept in hole CB-21-52 is the highest copper equivalent grade recorded in the history of the deposit,” Mast added.
Doré Copper noted that assay results for the remaining 11 holes are pending.
The company added that it is planning about 40,000m of infill drilling at Corner Bay in 2022 to upgrade the Inferred resource into the Indicated category for the feasibility study that will begin after the completion of the PEA at the end of 1Q.
Doré Copper Mining boasts a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has produced 1.6 billion pounds of copper and 4.4 million ounces of gold. The package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the company's Copper Rand Mill.
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