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Doré Copper Signs Option Agreement with VanadiumCorp for Cornerback Property
Written by AZoMiningMay 12 2021
Doré Copper Mining Corp reports that it has completed an option agreement with VanadiumCorp Resource Inc and has gained a 100% interest in the Cornerback Property, which sums 2,100 ha and encompasses the Company’s flagship Corner Bay high-grade copper-gold project situated in the southern portion of the Chibougamau mining camp, Québec.
Location of the Cornerback Property with respect to Corner Bay and Devlin Projects. Image Credit: Doré Copper Mining Corporation.
The Cornerback option agreement was the first transaction the Corporation completed after establishing itself in the Chibougamau mining camp as a private company in September 2017. It is a significant land position that surrounds our key Corner Bay asset.
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TORONTO, May 11, 2021 (GLOBE NEWSWIRE) Doré Copper Mining Corp. (the
Corporation or
Doré Copper ) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) is pleased to announce that it has completed an option agreement with VanadiumCorp Resource Inc. (“VanadiumCorp”) and has earned a 100% interest in the Cornerback Property, which totals 2,100 hectares and surrounds the Company’s flagship Corner Bay high-grade copper-gold project located in the southern portion of the Chibougamau mining camp, Québec.
Ernest Mast, President and CEO, commented, “
The Cornerback option agreement was the first transaction the Corporation completed after establishing itself in the Chibougamau mining camp as a private company in September 2017. It is a significant land position that surrounds our key Corner Bay asset. The Company is currently completing a 16,500-meter drilling program at the Corner Bay deposit, which is indicating additional exploration potential to the south. This acquisition is cons
· Further to its announcement of
23 November 2020, Galileo has completed its data processing, interpretation and drill target selection work on the Heliborne-EM geophysical survey carried out over two priority licences in its highly prospective KCB Project
· Possible stratigraphic/fault repetition interpreted along a 22km conductive zone on PL40/2018 may indicate comparable geological settings to Khoemacau Copper Mining s major Zone 5 and Zone 5N deposits, situated only 25 kilometres due west and to Sandfire Resources large A4 and T3 deposits
· By analogy with these deposits the Galileo targets on PL40/2018 represent attractive drill targets
· Drill planning over PL39/2018 will focus on the margins of a regional scale dome feature with structural similarities to the T3/A4 deposits