Doré Copper Options the High-Grade Joe MANN GOLD MINE IN Québec
DORÉ COPPER OPTIONS THE HIGH-GRADE
JOE MANN GOLD MINE IN QUÉBEC
Toronto, Ontario – January 2, 2020 – Doré Copper Mining Corp. (the "Corporation" or "Doré Copper")
(TSXV: DCMC) is pleased to announce that it has entered into an option agreement to acquire a 100%
interest in the Joe Mann gold mine (" Joe Mann") located in Qué bec. The mine is located approximately
50 km from the Corporation’s Copper Rand mill, where mineralized material from Joe Mann was processed
from 2004 until its closure in 2007, and is accessible by all season roads. Joe Mann has been privately held
since 2008. The Corporation does not currently consider Joe Mann to be a material property for the
purposes of National Instrument 43-101.
Highlights
• Production of 1.173 million ounces of gol d at a grade of 8.26 g/t Au, 607,000 ounces of silver at 5
g/t Ag and 28.7 million pounds of copper at 0.25% Cu (Source: Technical Report on the Joe Mann
Mining Property dated January 11, 2016, prepared by Geologica Inc.).
• Mineralization remains strong and persistent at depth with Hole EE-189B intersecting 26.66 g/t Au
over 1.8 m and Hole EE-188 intersecting 30.3 g/t Au and 1.3% Cu over 3.02 m extending the Main
Zone 170 meters down dip.
• The more recently discovered West Zone, a potential structural off -set that allows much thicker,
higher-grade veins to form, remains open and is a high priority exploration target with historic
intercepts including 2.44 m @ 24.62 g/t Au, 3.93 m @ 31.54 g/t Au, 2.62 m @ 24.28 g/t Au and 3.2
m @ 16.1 g/t Au.
• Exploration potential remains excellent including new parallel zones identified by recent surface
prospecting work that lie just several hundred meters to the south of the main mine.
• Significant infrastructure in place including power and a shaft down to the 1,145- meter level.
Ernest Mast, President and CEO of Doré Copper commented, "Joe Mann was closed during a period of
low gold prices. This is a rare opportunity to secure a significant high-grade gold underground asset that
remains open at depth and along strike with numerous high priority exploration targets. An exploration
program at Joe Mann will focus on the significant potential to extend high-grade mineralization at depth as
well as defining new zones of mineralization, all accessibl e from the 3, 775-foot shaft (see Figure 1). We
believe Joe Mann may demonstrate similar potential to Wesdome's Eagle River, Alamos' Island Gold or
Kirkland Lake' s Macassa mine where the high- grade gold deposits not only continue at depth but with
improved grades while yielding new discoveries. Joe Mann fits into our exploration and development plans,
adding another high-grade gold-copper project to our portfolio to leverage our strategically located mill."
Figure 1: Long Section. Mineralization remains open in all directions and has not been mined below the 3,450-
ft level. Blue and red are the two parallel vein zones at Joe Mann.
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Joe Mann Property
Joe Mann operated for 27 of the years between 1956 and 2007, with mineralized material processed at an
onsite mill, the Principale mill, and Doré Copper’s Copper Rand mill.
Joe Mann consists of 55 mineral titles comprising 1, 990.2 hectares of land. Doré Copper already owns 22
claims in the Joe Mann area via its 100% owned subsidiary CBAY Minerals Inc. Four of the 22 claims were
recently acquired and are currently being transferred to CBAY Minerals Inc.
Joe Mann is characterized by E -W striking shear hos ted veins that extend beyond 1,000 m vertically with
mineralization identified over 3 km in strike. Gold mineralization at Joe Mann occurs within deformed quartz-
sulphide veins hosted in high strain shear zones affecting mafic intrusions and felsic volcani c rocks
metamorphosed to lower-amphibolite assemblages.
Substantial infrastructure remains at Joe Mann with the shaft down to the 3,775-foot level (1,145 meters).
Significant potential remains at Joe Mann to extend the mineralization at depth and along strike, including
the West Zone and potential new zones to the North and South. Thick, high-grade gold mineralization was
encountered at depth between the 2750 level and the 3450 level ( see Figure 2). In 2007- 2008, after the
mine closed, three holes were dr illed from underground to test the depth extensions of the mine
approximately 170 m below the lowest level (3, 450 ft below surface). Hole EE -189B intersected the Main
Zone and returned 26.66 g/t Au over 1.8 m and 14.72 g/t Au over 1.2 m. Hole EE-188 intersected the Main
Zone, 30.3 g/t Au and 1.3% Cu over 3.02 m and the South Zone, 9.23 g/t Au over 0.91 m. One of the holes
did not reach the Main Zone. These drill holes show that the mineralization is still strong and persistent
down dip with excellent potential along the entire untested strike at depth. These holes represent the latest
drilling results on the property.
Figure 2: Long section of the Joe Mann mine and isometric interpretation from Campbell Resources Inc. The
intercepts in the upper diagram have been mined, however the intercepts display the thick, high-grade shoots
that exist at Joe Mann.
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The plunge of the mineralized body is to the east, with the West Zone being one of the most promising
areas of upside potential for thick high -grade mineralization because of the limited amount of drilling and
exploration done in that area historically down dip/plunge of the known mineralization. The West Zone might
be an area of structural off-set (jog) that allows a much thicker, higher-grade vein to form, with more drilling
and study required to confirm. Historic intercepts include: 2.44 m @ 24.62 g/t Au, 3.93 m @ 31.54 g/t Au
and 2.62 m @ 24.28 g/t Au (mined) and 5.0 m at 10.3 g/t Au, 3.2 m @ 16.1 g/t Au and 3.3 m @ 10.4 g/t Au
(unmined).
New parallel zones have been identified by recent surface prospecting work that lie just several hundred
meters to the south of the main mine.
A high-grade core was identified from the 2750 level down to the 3450 level including 18.4 g/t Au o ver 7.5
meters (0.537 oz/t over 24.6 feet) and 9.70 g/t Au over 18.1 meters (0.283 oz/t over 45.3 feet). The drill
holes from 2007 to 2008 intersected the vein 170 m below the lowest level shown and indicated that the
high-grade mineralization continues down dip. The shaft that was deepened in 2001 goes to a depth of
1,145 meters.
In 2017 a high resolution airborne magnetic survey was completed and several magnetic anomalies of
moderate to strong amplitudes were identified. In addition to Joe Mann being o pen along strike and at
depth, Joe Mann was poorly explored to the south, and the magnetic survey has identified numerous high-
priority exploration targets at Joe Mann.
Figure 3: Plan view image of the magnetic anomaly map with new exploration targets to the south and south-
west of the Joe Mann mine. From Lac Norhart West (Joe Mann Property) NTS 32G/08 Québec, MRB &
Associates, November 30, 2018. John Langton (M.Sc. P. Geo.)
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Terms of Option Agreement
The Corporation has entered into an option agreement with the owners of Joe Mann, Ressour ces Jessie
Inc. ("Ressources Jessie") and Legault Metals Inc. ( "Legault"), to acquire a 100% interest in Joe Mann
on the following terms:
• A cash payment of $1,000,000 to Ressources Jessie and 400,000 common shares of Doré Copper
("Doré Copper Shares ") to be issued to Legault at a deemed price of $1 .25 per share on the
effective date of the option agreement ("Effective Date").
• A cash payment of $250,000 to Ressources Jessie and $500,000 in Doré Copper Shares to be
issued to Legault on the first anniversary of the Effective Date.
• A cash payment of $1,000,000 to Ressources Jessie upon completion of 5,000 meters of drilling at
Joe Mann or on the earlier of the second anniversary of the Effective Date or 18 months from the
commencement of drilling.
• A cash payment of $500,000 to Ressources Jessie and $500,000 in Doré Copper Shares to be
issued to Legault on the second anniversary of the Effective Date.
• A cash payment of $1,500,000 to Ressources Jessie and $1,000,000 in Doré Copper Shares to be
issued to Legault on the third anniversary of the Effective Date.
• Spending $2,500,000 in qualifying exploration expenditures before the third anniversary of the
Effective Date.
• A cash payment of $1,000,000 to Ressources Jessie and $1,500,000 in Doré Copper Shares to be
issued to Legault upon the commencement of commercial production at Joe Mann.
• A 2% net smelter return royalty will be granted to Ressources Jessie and the Corporation will hold
the option to buy back 1% for $2,000,000 and buy back a further 0.5% for $4,000,000.
The terms and conditions of the option agreement are subject to approval from applicable regulatory
authorities, including the TSX Venture Exchange.
The historical technical information disclosed in this news release about Joe Mann was taken from the
Technical Report on the Joe Mann Mining Property dated January 11, 2016, prepared by Geologica Inc.,
Alain-Jean Beauregard, P. Geo, OGQ.
Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a "Qualified Person" within the
meaning of National Instrument 43-101, has reviewed and approved the technical information contained in
this news release.
About Doré Copper Mining Corp.
Doré Copper is engaged in the acquisition, exploration and evaluation of mineral properties. Doré Copper
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 , th rough 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 has an option to earn a 100% interest in the Joe Mann property.
For further information regarding Doré Copper, please visit the Corporation' s website at
www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com.
For further information, please contact:
Ernest Mast
President and Chief Executive Officer
Phone: (647) 921-0501
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Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements
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includes the negatives thereof. All statements other than statements of historical fact included in this
release, inc luding, 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 f inancing on acceptable terms, general economic, market or
business conditions, uninsured risks, regulatory changes, delays or inability to receive required regulatory
approvals, 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
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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.
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