Ocean Partners – 26%
Orion – 11%
RCF – 10%
Chairman – 9%
Quebec Pension Fund – 6%
Management Ownership – 13.7%
Advanced exploration of high grade copper and gold deposits in Quebec. Company 43-101 resources and an existing mill and tailings facility. Currently drilling to expand resources at known deposits.
Ernest (Ernie) Mast. President & CEO
Ernest (Ernie) Mast. President and CEO of Doré Copper Mining Corp. He led the company’s successful RTO process of its copper and gold assets in Québec, Canada. He has experience in the copper, precious metals, nickel, and lithium industries. He has worked and lived in Québec, BC, Ontario, Chile, Dominican Republic and Panama and had responsibilities for businesses in Mexico, USA and Australia.
He is a graduate of McGill University, with Bachelors and Masters degrees in Metallurgical Engineering, and with Executive MBAs from Henley Management School (U.K.) and Universidad Catolica de Chile.
What is your rationale for attending 121 Mining Investment?
We would like to identify investors for future financings and current market support. We would like to inform investors that once our Resources are updated we will begin to formulate development plans.
What recent news would you like to highlight to investors attending?
Exploration results at the high grade copper Corner Bay deposit.
Exploration results and/or plans at the high grade gold Cedar Bay and Joe Mann deposits.
Give an update on how Covid 19 has impacted the drilling program.
What are your key goals for the next 3, 6 and 12 months?
Advance the current drilling program at Corner Bay (Cu), Cedar Bay (Au, Cu)and Joe Mann (Au)
Complete the current drilling program at Corner Bay (Cu), Cedar Bay (Au, Cu) and Joe Mann (Au).
Corner Bay – Decide whether to drill additional meters to expand resources or update Resources.
Cedar Bay – Decide whether to dewater mine and commence UG drilling program and prepare a bulk sample.
Joe Mann – Decide whether to execute further surface exploration or dewater mine and commence UG dewatering and bulk sample
Overall – Decide whether to commence a PEA or continue exploration.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The impact of Covid 19 locally and to world markets and prices. We have some exploration risks in identifying sufficient ore for the restart of a 10 year plan.
What do you think makes your company such a compelling investment?
We are one of the highest grade copper/gold plays in the Americas. We have existing infrastructure that will decrease our capital intensity. We are located in a good jurisdiction, Quebec and have excellent local support, Chibougamau.
Doré Copper is a TSX-V-listed company that’s engaged in the acquisition, exploration and evaluation of mineral properties. The company completed a qualifying transaction on December 13, 2019, establishing itself as a copper-gold explorer and developer in the Chibougamau area of Québec, Canada.
Doré Copper, through its wholly-owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay project and the exploration-stage Cedar Bay project, both located in the vicinity of Chibougamau, Québec, as well as the 2,700-tpd Copper Rand mill.
Doré Copper also has an option agreement to acquire 100% of the Joe Mann property, whereby if certain payments and spending requirements are met over a three-year period, the company will become 100% owner of the 1,990-hectare Joe Mann property.
Doré recently announced initial intercepts from its 2020 drill program. The maiden 2020 drill program has successfully expanded mineralization at Corner Bay, including one of the highest-grade intercepts to date with hole CB-20-17 that returned 9.08% Cu over 7.0 metres (TW approx. 4.6 metres). This intercept is located 100 metres to the south along strike of holes CB-18-07 (3.5 % Cu over 13.3 metres, including 5.22% Cu over 5.11 metres) and CB-18-06 (2.33% Cu over 12.3 metres including 3.98% Cu over 4.3 metres).
The results of the drilling program suggest that Dore will be able to expand the mineral resource at Corner Bay, one of the highest-grade copper deposits in the Americas. The deposit remains open in all directions and there are numerous targets that will be tested in the future. In addition, Dore has conducted a down-hole EM survey on a shear structure east of the main vein that will generate additional targets.
Drilling has commenced at Cedar Bay to test the high-grade gold mineralization of the parallel 10-20 zones, where previous drilling intercepted numerous high-grade intercepts including 2.4 metres of 19.5 g/t gold and 1.67% copper, as well as test the main vein at Cedar Bay at depth.
After the Cedar Bay program, drilling will commence at the high-grade gold Joe Mann mine to test the downdip potential where previous drilling intercepted 3.02 meters of 30.3 g/t gold.