04:52:57 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Dore Copper Mining Corp
Symbol DCMC
Shares Issued 134,207,432
Close 2024-04-19 C$ 0.105
Market Cap C$ 14,091,780
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Dore Copper grants 400,000 DSUs, 10-cent options

2024-04-19 17:10 ET - News Release

Mr. Ernest Mast reports

DORE COPPER ANNOUNCES GRANT OF STOCK OPTIONS AND DEFERRED SHARE UNITS

Dore Copper Mining Corp. has granted 4,215,000 stock options to management, consultants and advisers. The stock options have an exercise price of 10 cents per share and a term of five years. The company has also granted an aggregate total of 400,000 deferred share units to the independent directors of the company. The DSUs are payable in common shares of the company upon the holder ceasing to be a director of the company. Both issuances were granted in accordance with the company's omnibus share incentive plan.

About Dore Copper Mining Corp.

Dore Copper aims to be the next copper producer in Quebec with an initial production target of greater than 50 million pounces of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill (1). The company has delivered its preliminary economic assessment in May, 2022, and is proceeding with a feasibility study.

The company has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that have historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold (2). 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.

(1) Technical report titled "Preliminary Economic Assessment for the Chibougamau Hub-and-Spoke Complex, Quebec, 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.

(2) Sources for historic production figures: Economic Geology, v. 107, pages 963 to 989 -- Structural and Stratigraphic Controls on Magmatic, Volcanogenic and Shear Zone-Hosted Mineralization in the Chapais-Chibougamau Mining Camp, Northeastern Abitibi, Canada, by Francois Leclerc et al. (Lac Dore/Chibougamau mining camp), and NI 43-101 Technical Report on the Joe Mann Property dated Jan. 11, 2016, by Geologica Groupe-Conseil Inc. for Jessie Ressources Inc. (Joe Mann mine).

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