Also of interest if your bored 2023-05-29 10:07 ET - News Release
See News Release (C-DCMC) Dore Copper Mining Corp
Mr. Ernest Mast of Dore Copper Mining reports
DORE COPPER REPORTS HIGH-GRADE GOLD MINERALIZATION AT GWILLIM INCLUDING 9.67 G/T AU OVER 5.3 METRES
Dore Copper Mining Corp. has released positive assay results from the first of two drill holes completed in late 2022 on the KOD zone of the Gwillim property, which is under a 50/50 joint venture with Argonaut Gold Inc. (through its wholly owned subsidiary, Prodigy Gold Inc.). Dore Copper is the operator of the joint venture. Gwillim is located approximately eight kilometres by road northwest of Chibougamau, Que.
Drilling highlights
KOD-22-04:
- Zone B: 9.67 grams per tonne gold over 5.3 metres (visible gold);
- Zone C: 11.10 grams per tonne gold over 3.0 metres.
In addition to the drilling program, the joint venture completed a 146-line-kilometre VTEM (versatile time-domain electromagnetic) airborne electromagnetic survey over the property and a televiewer acoustic and optical survey in seven drill holes of the KOD zone. The VTEM survey results have identified several conductive anomalies. Specifically, one large anomaly is located at the KOD zone starting at a depth of 150 metres, just west of holes KOD-22-04 and KOD-22-05.
Ernest Mast, president and chief executive officer of Dore Copper, commented: "The limited drilling to date on the KOD zone is demonstrating good continuity of the high-grade gold mineralization from surface to a vertical depth of approximately 600 metres and the system remains open at depth. Further work is warranted to test the strike and depth extension of the KOD zone, along with a number of conductive anomalies."
Gwillim drilling program
Dore Copper drilled two holes totalling 1,320 metres in December, 2022, to follow up on positive results from two holes completed the prior year on the KOD zone (see attached table), located 300 metres south of the mined Gwillim Main zone (refer to news release dated April 21, 2022). Hole KOD-22-04 intersected two main mineralized zones of 9.67 grams per tonne gold over 5.3 metres, including 19.46 grams per tonne gold over 2.1 metres, starting at a vertical depth of approximately 580 metres, and 11.10 grams per tonne gold over 3.0 metres, which are interpreted as zones B and C of the KOD mineralized structure (see attached table). These gold intercepts in zones B and C are located approximately 190 metres and 215 metres, respectively, below hole KOD-21-03. In addition, a wide zone of low-grade mineralization, 0.86 gram per tonne gold over 42.3 metres, was intersected from 460 metres to 502.3 metres. Assays are pending from 130 metres to 323.5 metres.
The KOD mineralized system remains open along strike and below 600 metres. Assays are pending for hole KOD-22-05, drilled on the same pad as KOD-22-04 and approximately 60 metres west-southwest of zone B intersected in KOD-22-04.
Gold mineralization in the KOD zone is found mainly in millimetric to centimetric quartz veins intersecting the massive basalt unit close to the contact with gabbroic or quartz-feldspar (QFP) dikes, which range from 30 centimetres to 10 metres. In some places, these veins can take the expression of silica flooding in basaltic pillow rims, associated with pyrite, pyrrhotite and chalcopyrite. Visible gold is occasionally observed.
A televiewer acoustic and optical survey was conducted in seven holes (87-KOD-20, 87-KOD-21, KOD-18-01, KOD-21-02, KOD-21-03, KOD-22-04 and KOD-22-05) to gain a better understanding of the orientation of the mineralized zones and the QFP dikes. The analysis and survey results will be available once the assays have been received for KOD-22-05.
In January, 2023, Dore Copper and its joint venture partner contracted the services of Geotech to carry out a 146-line-kilometre airborne VTEM survey over the joint venture property. The flight lines were flown at a 75-metre spacing. The objective of the geophysical survey is to outline any conductors that could represent masses of sulphides. A number of anomalies have been identified in this survey and are expected to be followed up in the field starting in the summer of 2023. A significant, large anomaly is located on the KOD zone starting at a depth of 150 metres, just west of holes KOD-22-04 and KOD-22-05.