Doré Copper Mining’s (TSXV: DCMC - OTCQB:DRCMF – FRA:DCM) just announced a significant increase in the size of the MRE at its Corner Bay deposit (now totaling 7.2 Mt @ 3% Cu). Corner Bay is now one of the few undeveloped high-grade copper deposits (+3% Cu) in the world today. President and CEO Ernest Mast explains that this represents an important step-change for the economic potential of an underground mining operation at Corner Bay, which will be an integral part of the company’s hub-and-spoke operation model. Doré Copper anticipates demonstrating very attractive economics in the PEA which is anticipated to be completed by January 2022.
Doré Copper Mining’s assets contain some of the highest-grade undeveloped copper and gold deposits in North America. The company’s projects are located just 14 km from the town of Chibougamau in mine-friendly Quebec and are one of Canada’s premier near-term redevelopment opportunities. Doré Copper is debt-free and owns a 2,700 tpd mill with a 8.0Mt tailings facility. There is already power to site and it is accessible by paved highway and rail. The goal is to produce a profitable hub-and-spoke operation of +100,000 oz/yr AuEq or +60 M lbs CuEq by 2023/2024. Because of the existing infrastructure and location, a low capex is anticipated to recommence production.
1:30 Corner Bay MRE of +3% Cu
3:00 High confidence level in Corner Bay deposit’s geology
4:16 Historic grade of Corner Bay deposit when in production?
4:58 PEA work is ongoing
6:00 Devlin deposit to come online after Corner Bay
6:30 2024 goal for commencing production
7:45 Some funds require a PEA before investing in a company
8:50 Corner Bay deposit is only 55km to Copper Rand mill
9:30 Ernie’s recent trip to site
11:11 Corner Bay deposit’s growth potential
TSXV: DCMC OTCQB:DRCMF FRA:DCM https://www.dorecopper.com/en/
Press release discussed in this interview:
Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39
Doré Copper Mining is a sponsor of Mining Stock Education. Doré Copper Mining’s forward-looking statement found in the company’s presentation applies to the content of this podcast. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in and/or be compensated by some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.