TORONTO, Aug. 19, 2021 (GLOBE NEWSWIRE) -- Doré Copper Mining Corp. (the "Corporation" or "Doré Copper") (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) announces the appointment of Martha Manuel to its board of directors and the resignation of Matt Manson as a director.
“First, the Board of Directors would like to thank Matt for his insight and guidance in the formative stages of Doré Copper and we wish him all the best in his future endeavours," stated said Mario Stifano, Executive Chairman of Doré Copper. “We would also like to welcome Martha to the Board. Martha is a well-regarded leader and brings highly valuable and diverse expertise to the Corporation as we advance towards our goal of restarting mining operations in the Chibougamau mining camp."
Ms. Manuel is a member of the Neskonlith Band, which is one of the 17 communities within the Secwepemculecw (Shuswap territory) in British Columbia. She worked with New Gold Inc., an intermediate mining company as the Manager of Indigenous Relations for over 10 years and prior to that worked with Indigenous groups in the areas of education, trades training, housing, language and healthcare. Since leaving New Gold in 2020, she completed a Master of Business Administration (MBA) and has been working in a consulting capacity to support Indigenous initiatives.
In 2019, Martha received the Michelle Pockey Leadership Award. The award is named in honor of the memory of a prominent lawyer and community activist, Michelle Pockey, who dedicated herself to making a positive impact with energy, mining, environmental and Indigenous issues, increasing the economic success and impact of women. She also received the Trailblazer Award through Women in Mining Canada at the PDAC conference in Toronto in March 2020.
Doré Copper also announces that it has granted Ms. Manuel an aggregate of 45,000 incentive stock options (the "Options"), having an exercise price of $0.79 per share. The Options can be exercised for a period of five years from the date of grant and are subject to the policies of the TSX Venture Exchange.
About Doré Copper Mining Corp.
Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec, Canada. The Corporation is focussed on implementing its hub-and-spoke development strategy by advancing its key high-grade copper-gold brownfield projects towards a restart of operations. Our goal is to achieve an annual production of 60 M lbs of copper equivalent (or 100,000 oz gold equivalent).
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 gold1. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand Mill).
Doré Copper plans to deliver a PEA of its hub-and-spoke model in late 2021. Currently, the Corporation is completing a 30,000-metre drilling program at its Corner Bay (Cu-Au) project, of which approximately 19,000 meters will be included in an updated mineral resource estimate expected in Q3 2021.
For further information, please visit the Corporation's website at www.Dorécopper.com or refer to Doré Copper's SEDAR filings at www.sedar.com or contact:
| Ernest Mast | Laurie Gaborit |
| President and Chief Executive Officer | Vice President, Investor Relations |
| Phone: (416) 792-2229 | Phone: (416) 219-2049 |
| Email: emast@Dorécopper.com | Email: lgaborit@Dorécopper.com |
1. 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 Doré/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, implementing a hub-and-spoke development strategy by advancing the Corporation’s key high-grade copper-gold brownfield projects towards a restart of operations, and the Corporation’s goal of achieving an annual production of 60 M lbs of copper equivalent (or 100,000 oz gold equivalent).
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.
