Doré Copper Mining Corp. (the "
Company" or
"
Doré Copper") (TSXV: DCMC; OTCQX: DRCMF; FRA:
DCM) is pleased to announce positive results from ore sorting test
work for 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.
Steinert was commissioned to complete ore
sorting tests at their facility in Kentucky, United States, using a
XRT sensor (X-ray transmission) and a laser sensor on a spatially
diverse sample from the Corner Bay deposit.
The results support the first ore sorting test
work that was completed for the preliminary economic assessment
(“PEA”) and further confirm the effectiveness of utilizing ore
sorting technology to improve the processed grade and reduce the
mill feed tonnage.
Highlights of Ore Sorting
Test
- Copper grade increase
of 77%, from 2.20% to 3.93%
- Recovery of 93.6%
Cu
- Reject material contains 48% of the
initial mass with a copper grade of 0.30%
- Gold, silver and molybdenum grade
also upgraded with excellent recoveries and low concentration in
reject
- Cost and environmental benefits
include:
- Lower transportation costs and
greenhouse gas emissions (GHGs) due to a reduction of transported
material from the mine to the mill
- Lower energy consumption at the
mill due to higher feed grade and hardness decrease of the feed
material
- Less tailings produced
- Additional capacity of the mill to
treat additional materials
- Waste material at the mine site
(reject material) to be used as backfill
Commenting on the results of our second ore
sorting tests, Ernest Mast, President & CEO, stated, "This
test work further validates the favorable mineralogy of the Corner
Bay deposit for ore sorting technology and confirms the prior ore
sorting results obtained from the Corner Bay stockpile, which were
included in the PEA. Preliminary ore sorting test work at Devlin in
2022, our secondary hub-and-spoke asset, had also indicated
positive results. Ore sorting of the Corner Bay and Devlin will
remain part of any future development scenarios due to its economic
and sustainability benefits."
Ore Sorting Tests
As a first step, the Steinert XRT was calibrated
with high, medium and low grade and waste samples representative of
the selected drill core samples of the Corner Bay deposit (Figure
1). A continuous production run was done on the 202 kg sample. The
testing was done with three passes with the explicit aim of
generating grade vs recovery vs mass pull curves, with each pass
related to an adjustment in the sensitivity. Results are shown in
the table below.
The sum of the two pre-concentrates (Test 2 in
table below) represented 52.5% of the feed mass at a grade of 3.93%
Cu (an increase of 77%) and resulted in a cumulative copper
recovery of 93.6%. The final reject portion represented 47.5% of
the feed mass at a grade of 0.30% Cu, representing 6.4% of the
copper fed in the sorter. In addition, all other metals to be
recovered (gold, silver and molybdenum) showed an upgrade in
grade:
- Gold grade: from 0.17 g/t to 0.29
g/t
- Silver grade: from 7.91 g/t to
13.82 g/t
- Molybdenum grade: from 0.037% to
0.064%
Lastly, the arsenic grade of the two
pre-concentrates was found to be 12ppm which leads to a final
concentrate with very low levels of arsenic.
Minimal fines were generated in the test work
and were not considered for calculations. In practice, the fine
material from the mining and crushing would join the
pre-concentrate in the ore sorting circuit and would result in a
higher recovery than indicated in the test work. In addition, as
the sorter can be calibrated to control the final reject grade, a
higher copper feed grade would result in higher recoveries.
Corner Bay Ore Sorting Results Cumulative
Results |
Result(cumulative) |
Weight (kg) |
Mass Recovery |
Cu (%) |
CuRec. |
Au (g/t) |
AuRec. |
Ag(g/t) |
AgRec. |
Mo(%) |
MoRec. |
1 |
70 |
34.7% |
5.18 |
81.4% |
0.37 |
77.2% |
17.90 |
78.4% |
0.082 |
77.2% |
2 |
106 |
52.5% |
3.93 |
93.5% |
0.29 |
92.2% |
13.82 |
91.7% |
0.064 |
91.7% |
3 |
175 |
86.6% |
2.52 |
99.0% |
0.19 |
98.4% |
9.00 |
98.6% |
0.042 |
98.2% |
4 |
202 |
100.0% |
2.20 |
100.0% |
0.17 |
100.0% |
7.91 |
100.0% |
0.037 |
100.0% |
Corner Bay Composite Sample
A spatially diverse composite sample was
prepared by Doré Copper by selecting 34 diamond drill holes which
intersected mineralized zones within the Corner Bay Mineral
Resource estimate (“MRE”) (Figure 1; one mineralized sample was
outside the current MRE). 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 longer pieces of
quarter split core were further manually broken down into 1 to 3
inches length to simulate a crushed product. The composite sample
weighted 202 kg and graded 2.20% Cu (Test 4 in table above) and
included an 18% external mining dilution from the hanging wall and
foot wall of the mineralized interval.
The PEA did not include the silver and
molybdenum content (currently excluded from the MRE). The composite
sample indicated silver and molybdenum grades that would be
expected in the deposit (Test 4 in table above).
Substantial Benefits of Ore
Sorting
As already indicated in the Company’s PEA (May
10, 2022), ore sorting technology offers substantial benefits
versus conventional processing. It will reduce operating costs for
milling, flotation and tailings management due to a significant
rejection of low-grade material. Sorting is expected to decrease
the hardness of the ore sent to the mill (lower Bond Work Index of
the sorter pre-concentrate product compared to the feed), and so,
non-negligeable energy savings could be foreseen. The commensurate
increase in the head grade of the ore that will report to the
flotation circuit has the potential to result in improved
metallurgical recoveries in the flotation circuit and higher
concentrate grades.
Further metallurgical and environmental testing,
including comminution, flotation and leachability testing, will be
carried out to progress the feasibility study and ongoing
permitting.
Figure 1. Sample Location for Composite
Sample Used in Ore Sorting Test
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 Steinert
Steinert is a global provider of intelligent
sorting and separation solutions for the recycling and mining
industries. Steinert, has over 125 years of experience, excels at
providing customers technologically advanced sorting solutions via
its extensive process and industry knowledge.
Steinert has been a pioneer in the market,
consistently pursuing and achieving its goal of supporting
customers by being a global technology leader. Founded in 1889 in
Cologne, Germany, Steinert is the only manufacturer of magnetic
separators that has further advanced its classic field of activity
and established sensor-based sorting as a new technology in its
product development.
For more information, please visit:
https://steinertglobal.com/
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
- 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.
- 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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ad940cd4-8e03-4452-8559-73557b7889c7
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