Lorraine Copper Corporation

Published : February 09th, 2011

Announces Earn-In at Lorraine Project

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   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
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Lorraine Copper is a copper exploration company based in Canada.

Lorraine Copper holds various exploration projects in Canada.

Its main exploration property is LORRAINE in Canada.

Lorraine Copper is listed in Canada. Its market capitalisation is CA$ 10.9 millions as of today (US$ 8.1 millions, € 7.1 millions).

Its stock quote reached its highest recent level on February 18, 2011 at CA$ 0.30, and its lowest recent point on November 08, 2013 at CA$ 0.02.

Lorraine Copper has 37 620 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Project news of Lorraine Copper Corporation
5/31/2012Announces an Initial Resource Calculation for the Main Zone-...
2/9/2011(Lorraine)Announces Earn-In at Lorraine Project
1/14/2009Jajay 2008 Drilling Results New Zone Discovered Under Main Z...
Corporate news of Lorraine Copper Corporation
7/26/2016Lorraine Copper Announces an Amended NI 43-101 Report Filing
6/20/2016Lorraine Copper Reviews Recent High-Grade Gold-Silver-Copper...
6/16/2016Lorraine Copper to Acquire Lustdust Copper-Gold-Silver Prope...
5/13/2016Lorraine Copper Completes Private Placement
5/11/2016Lorraine Copper Announces Private Placement
5/5/2016Lorraine Copper Withdraws from Acquisition, Sets New Directi...
4/29/2016Lorraine Copper Acquires Copper Project in BC
1/26/2016Lorraine Copper Announces Results of Shareholder Vote
8/26/2014IIROC Trading Resumption - LLC
8/26/2014IIROC Trading Halt - LLC
7/26/2013Provides a Corporate Update
5/3/2012Provides Corporate Update
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (LLC.V)
0.290+0.00%
TSX-V
CA$ 0.290
06/28 17:00 -
0%
Prev close Open
0.290 0.255
Low High
0.255 0.290
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.290 -%
Volume 1 month var.
597,359 -%
24hGold TrendPower© : -44
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.55-1.69%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.33+6.89%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.72+0.84%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.59+1.17%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 17.50+4.48%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-2.38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.53+13.45%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 49.63+0.80%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :