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Cours Or & Argent

Lorraine Copper Corporation

Publié le 09 février 2011

Announces Earn-In at Lorraine Project

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Mots clés associés :   Copper |

 
News Release Wednesday, February 09, 2011
Lorraine Copper Announces Earn-In at Lorraine Project

February 9, 2011, Vancouver, BC - Lorraine Copper Corp. ("Lorraine Copper" or "the Company") (TSX-V: LLC) announces that Teck Resources Limited ("Teck") (TSX: TCK.A, TCK.B; NYSE: TCK) has informed the Company that it has earned a 51% interest in the Lorraine project which is located in the Quesnel Terrane approximately 250 km northwest of Prince George, BC.

Teck optioned the Lorraine project in June, 2005 and has now incurred a total of $9.0 million to earn a 51% interest in the property, including direct expenditures of $7.5 million and $1.5 million in indirect expenditures through an earlier loan funding agreement which has been forgiven. Teck has also completed an earn-in for a 100% interest in the adjoining Jan-Tam-Misty property by making a final option payment to the vendors and these claims now constitute part of the Lorraine project. Jan-Tam-Misty is subject to certain royalty rights. The combined property now covers an area of approximately 39,046 ha (96,481 acres). Teck may increase its interest in the Lorraine project to 60% by completing a feasibility study and to 65% by arranging production financing for Lorraine Copper Corp.

Mineralization on the Lorraine project is related to alkalic intrusions and belongs to a deposit style that includes the Galore Creek project owned by Teck and Nova Gold Resources Inc. (TSX: NG), the Imperial Metals Corp. (TSX: III) owned Mount Polley mine and the New Gold Inc. (TSX: NGD) owned New Afton project.

The Lorraine project is well served by resource infrastructure, including all season roads, the Kemess power corridor to the northeast and the Canadian National Railway line to the southwest. The Lorraine project is located approximately 100 km northwest of Thompson Creek Metals' (TSX: TCM) Mt. Milligan project. G.L. Garratt, P.Geo., is the qualified person who has reviewed and takes responsibility for this news release.

G.L.Garratt, P.Geo.

G.L. Garratt, P.Geo., Director
Lorraine Copper Corp.

About Lorraine Copper


Lorraine Copper holds a 49% interest in the large Lorraine project and Teck Resources Limited holds a 51% interest with an option to take that ownership up to 60% by completing a feasibility study and to 65% by arranging production financing for Lorraine Copper. For more information please visit the Company's website at www.lorrainecopper.com.

FOR FURTHER INFORMATION REGARDING LORRAINE COPPER PLEASE CONTACT:
Paul Way, Business Development Manager

(604) 681-7913 or Toll Free: (888) 656-6611

The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Lorraine Copper Corporation

CODE : LLC.V
ISIN : CA54418Y1088
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Lorraine Copper est une société d’exploration minière de cuivre basée au Canada.

Lorraine Copper détient divers projets d'exploration au Canada.

Son principal projet en exploration est LORRAINE au Canada.

Lorraine Copper est cotée au Canada. Sa capitalisation boursière aujourd'hui est 10,9 millions CA$ (8,1 millions US$, 7,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 18 février 2011 à 0,30 CA$, et son plus bas niveau récent le 08 novembre 2013 à 0,02 CA$.

Lorraine Copper possède 37 620 000 actions en circulation.

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Projets de Lorraine Copper Corporation
31/05/2012Announces an Initial Resource Calculation for the Main Zone-...
09/02/2011(Lorraine)Announces Earn-In at Lorraine Project
14/01/2009Jajay 2008 Drilling Results New Zone Discovered Under Main Z...
Communiqués de Presse de Lorraine Copper Corporation
26/07/2016Lorraine Copper Announces an Amended NI 43-101 Report Filing
20/06/2016Lorraine Copper Reviews Recent High-Grade Gold-Silver-Copper...
16/06/2016Lorraine Copper to Acquire Lustdust Copper-Gold-Silver Prope...
13/05/2016Lorraine Copper Completes Private Placement
11/05/2016Lorraine Copper Announces Private Placement
05/05/2016Lorraine Copper Withdraws from Acquisition, Sets New Directi...
29/04/2016Lorraine Copper Acquires Copper Project in BC
26/01/2016Lorraine Copper Announces Results of Shareholder Vote
26/08/2014IIROC Trading Resumption - LLC
26/08/2014IIROC Trading Halt - LLC
26/07/2013Provides a Corporate Update
03/05/2012Provides Corporate Update
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