Doré Copper Submits Preliminary Information Statement for Environmental and Social Impact Assessment
November 17 2022 - 7:30AM
Doré Copper Mining Corp. (the "
Corporation" or
"
Doré Copper") (TSXV: DCMC; OTCQX: DRCMF; FRA:
DCM) is pleased to announce it has submitted to the Administrator
of the James Bay and Northern Quebec Agreement the Preliminary
Information Statement for the Environmental and Social Impact
Assessment (ESIA) for the commencement of its proposed hub-and
spoke operation near Chibougamau, Québec. The Preliminary
Information Statement includes the Corner Bay and Devlin mines, the
Copper Rand mill, the tailings management facility and associated
roads and electrical power connections. The vast majority of the
sites described in the Preliminary Information Statement have
existing infrastructures.
The Preliminary Information Statement is the
first step of the environmental and social assessment and review
procedure under the Environment Quality Act. On behalf of the
Administrator, the Environmental and Social Impact Evaluating
Committee (COMEV) will review the Preliminary Information Statement
then issue a project Directive, the proponent roadmap under which
the ESIA will be carried out.
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
million pounds 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 Corporation
has delivered its PEA in May 2022 and is proceeding with a
feasibility study.
The Corporation has consolidated 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 gold2. The land package includes 13
former producing mines, deposits and resource target areas within a
60-kilometer radius of the Corporation’s Copper Rand Mill.
For further information, please contact: |
Ernest
Mast |
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Laurie
Gaborit |
President and Chief Executive Officer |
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Vice President, Investor Relations |
Phone: (416) 792-2229 |
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Phone: (416) 219-2049 |
Email: ernest.mast@dorecopper.com |
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Email: laurie.gaborit@dorecopper.com |
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Visit: www.dorecopper.com |
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Facebook: Doré Copper Mining |
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LinkedIn: Doré Copper Mining Corp. |
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Twitter: @DoreCopper |
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Instagram: @DoreCopperMining |
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- 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 (“NI 43-101”). 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.
- 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).
Cautionary Note Regarding
Forward-Looking Statements This 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. Specific
forward-looking statements in this press release include, but are
not limited to aiming to be the next copper producer in Québec with
an initial production target of +50 million pounds of copper
equivalent annually; implementing a hub-and spoke operation model;
and proceeding with a feasibility study.
All statements other than statements of
historical fact included in this release, including, without
limitation, statements regarding the timing and ability of the
Corporation to receive necessary regulatory approvals, and the
plans, operations and prospects of the Corporation 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
Corporation with securities regulators. Although the Corporation
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 Corporation 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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