Doré Copper Mining - President and CEO, Ernest Mast
President and CEO, Ernest Mast
Source: Bloomberg
  • Doré Copper (DCMC) has unearthed several new poly-metallic intercepts from its Cedar Bay deposit and Copper Cliff mine 
  • A result from the central vein at Cedar Bay intersected 1.5 metres at 14.2 per cent copper, 1.16 grams per tonne gold and 28 grams per tonne silver 
  • Drilling at the Crown Pillar of the Copper Cliff mine returned four results, including 2.3 metres of strike at 7.3 per cent copper, 13.6 grams per tonne gold and 38.4 grams per tonne silver 
  • Drilling at the site’s zone 21 returned results of 2.25 metres at 4.9 per cent copper, 0.46 grams per tonne gold and 8.6 grams per tonne silver 
  • Doré Copper (DCMC) is down 13 per cent and is trading at C$1.00 per share 

Doré Copper (DCMC) has unearthed several new poly-metallic intercepts from its Cedar Bay deposit and Copper Cliff mine.

The results show an extension in the Cedar Bay’s central vein and also identified new targets in a different exploration zone and the Crown Pillar of the Copper Cliff Mine.

Drilling on the central vein hit a standout result of 1.5 metres at 14.2 per cent copper, 1.16 grams per tonne gold and 28 grams per tonne silver.

This result came approximately 160 metres away from another hole drilled into the central result that hit two metres of strike at 15.2 grams per tonne gold and 4.8 per cent copper.

The Crown Pillar is the central pillar of a room-and-pillar mine, an underground mine design that clears an area of rock, whilst leaving pillars to maintain the integrity of the mine.

The results from the Crown Pillar included 2.3 metres of strike at 7.3 per cent copper, 13.6 grams per tonne gold and 38.4 grams per tonne silver.

There were three other intercepts hit within the Crown Pillar that averaged five meters at 3.65 per cent copper, 5.31 grams per tonne gold and 20.5 grams per tonne silver.

Finally, drilling on exploration zone 21 returned 2.25 metres of strike that graded at 4.9 per cent copper, 0.46 grams per tonne gold and 8.6 grams per tonne silver.

Ernest Mast, President and CEO of Doré Copper said the latest intercepts from the Cedar Bay deposit now extended the mineralization in the central zone, as these were the highest-grade copper intercepts pulled out of the property to date.

“The identification of a potential expansion of zone 21 and the presence of high-grade veins in the Crown Pillar of the Copper Cliff mine further highlight the upside of this deposit.

“The results continue to support the eventual hub-and-spoke restart of the camp along with the Copper Bay and Joe Mann deposits using our existing 2,700 tonne per day mill as a central processing facility,” he said. 

Doré Copper (DCMC) is down 13 per cent and is trading at C$1.00 per share at 2:15 pm EDT. 

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