VANCOUVER, BC–(Marketwired – February 16, 2017) – Zincore Metals Inc. (NEX BOARD: ZNC.H) (“Zincore” or the “Company“) reports that it has reached an agreement “(the “Agreement”) with First Quantum Minerals Ltd. (“First Quantum”) to terminate the Dolores copper porphyry project joint-venture. Under the terms of the Agreement, Zincore will regain 100% ownership of the Dolores Project, which is located in the prolific Yauri-Andahuaylas Copper District of southern Peru. As consideration for the US$8 million investment made by First Quantum in the Dolores Project and related areas, and in full repayment of the US$2 million convertible loan between the two companies, Zincore will grant First Quantum a 3.5% Net Smelter Returns Royalty (the “Royalty”) on any future production that may occur at the Dolores Project.
