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Lorraine Copper Corporation

Publié le 26 juillet 2013

Provides a Corporate Update

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News Release Friday, July 26, 2013
Lorraine Copper Provides a Corporate Update

July 26, 2013, Vancouver, BC -- Lorraine Copper Corp. ("Lorraine Copper" or "the company") (TSX-V: LLC) would like to provide an update on the status of the company and on the Lorraine Copper-Gold project.

The Lorraine copper-gold project ("Lorraine" or "the project") is located in north central British Columbia approximately 170 kilometres to the northwest of the regional centre of Fort St. James. The project encompasses 140 claims covering approximately 39,046 hectares. The project is accessed by logging haul roads that connect to the communities of MacKenzie and Fort St. James and lies approximately 40 km from the Kemess power line.

The Lorraine project remains the cornerstone asset of the company and is subject to a 2005 agreement with Teck Resources Limited ("Teck") who earned a 51% interest in December 2010 after spending $9 million dollars in exploration.

Mineralization at Lorraine is copper and gold-rich and has many attributes common to alkalic porphyries in British Columbia including Mount Polley and Galore Creek. Drilling at Lorraine, up to and including that completed by Teck in 2008, totals 223 holes (38,016 metres). An initial NI 43-101 compliant resource calculation was completed on the Main Zone-Bishop Zone area by Giroux Consultants of Vancouver, BC (see News Release of May 30, 2012). The resource estimates an Indicated resource of 6.419 million tonnes grading 0.61% copper and 0.23 g/t gold and an Inferred resource of 28.823 million tonnes grading 0.45% copper and 0.19 g/t gold (at a cutoff grade of 0.20 % Cu). An example of the robust nature of mineralization is provided by hole 08-120 drilled in the Lower Main Zone in 2008 which returned an intercept grading 0.64% copper and 0.30 g/t gold over 159 metres (mineralization starting at 8 metres depth).

The agreement between Lorraine Copper and Teck provides further opportunities for Teck to increase its interest in the Lorraine project to 60% by completing a feasibility study and to 65% by subsequently arranging project financing. In order for Teck to maintain the 60% and 65% options, Teck is required to complete minimum exploration expenditures of $500,000 by December 2013, failing which Teck's rights to such additional interests shall terminate and a joint venture will be established with the interests being 51% Teck and 49% Lorraine Copper. Teck has not presented Lorraine Copper with a 2013 program and the management of Lorraine Copper is currently working with Teck to find other ways to advance the project.

J.W. (Bill) Morton P. Geo, president of Lorraine Copper Corp. is the Qualified Person who takes responsibility for this news release.

J.W, Morton P.Geo.

J.W. Morton, P.Geo., President and CEO
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, which it earned in February 2011, 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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