Lorraine Copper


Lorraine Copper Reviews Recent High-Grade Gold-Silver-Copper Acquisition

News Releases

June 20, 2016
Lorraine Copper Reviews Recent High-Grade Gold-Silver-Copper Acquisition

Vancouver, BC, June 20, 2016 — Lorraine Copper Corp. (TSX-V: LLC) (“Lorraine Copper”) is very pleased to release details of a gold-silver-copper project it is acquiring called Lustdust. The project has notable drill intercepts such as 15 metres grading 24.04 g/t gold and 2.2% copper (hole 02-09); 9.7 metres grading 36.7 g/t gold, 182.6 g/t silver and 2.89% copper (hole 02-03); 59 metres grading 0.67 g/t gold and 0.80% copper (hole 01-44); and 5.0 metres grading 13.3 g/t gold, 899 g/t silver and 6.8% combined lead-zinc (hole 03-09).

Lustdust contains an NI 43-101 compliant mineral resource, known as the Canyon Creek deposit, completed by GeoSim Services Inc. in 2010. It contains an indicated mineral resource of 1,253,000 tonnes grading 1.33% Cu, 1.426 g/t Au and 33.0 g/t Ag with a copper equivalent cut-off grade of 1.0%. An additional 3,124,000 tonnes grading 1.12% Cu, 1.366 g/t Au and 25.4 g/t Ag is classified as inferred. The presently defined mineral resource extends some 600 m along strike and down dip and remains open in all directions.

Lustdust encompasses 20 mineral claims totalling 9,583 hectares located 150 kilometres north of the community of Fort St. James, BC. It is host to at least one mineralized carbonate replacement system identified as the Canyon Creek copper-gold-silver deposit. Carbonate replacement deposits (CRDs), are epigenetic, intrusion related, high-temperature sulphide-dominant Pb-Zn-Ag-Cu-Au-rich deposits. Limestone, dolomite and dolomitized limestone are the major host rocks.

Lorraine Copper has entered into a definitive purchase agreement with ALQ Gold Corp. (TSX-V: ALQ) (“ALQ”) for the Lustdust project. The agreement will allow Lorraine Copper to purchase 100% of the Lustdust project by issuing 5.5 million shares to ALQ Gold and paying $50,000. Lorraine Copper must spend $100,000 in exploration at Lustdust on or before 12 months from closing.

The agreement concerning the Lustdust acquisition is subject to shareholder approval by ALQ and to regulatory approval as may be required.

Bill Morton, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.

J.W. (Bill) Morton, P.Geo. 
President and CEO
Lorraine Copper Corp.

Paul Way, Business Development Manager
Phone: (604) 681-7913, Toll Free: 888-656-6611; email: pway@eastfieldgroup.com

About Lorraine Copper
Lorraine Copper holds a 49% interest in the Lorraine copper-gold project in a joint venture with Teck Resources Limited and a 40% interest in the Okeover (OK) copper-molybdenum project. The company recently announced a purchase agreement for 100% of the Lustdust gold-silver-copper project. All three projects contain NI 43-101 compliant resources. For more information please visit the Company’s website at www.lorrainecopper.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.