QC Copper & Gold Completes Acquisition of In-Fill Claims on Opemiska Project
QC Copper & Gold Completes Acquisition of
In-Fill Claims on Opemiska Project
TORONTO
,
Nov. 30, 2021
/CNW/ - QC Copper and Gold Inc. ("
QC Copper
" or the "
Company
")
(TSXV: QCCU) is pleased to announce the completion of the acquisition of 100% interest in 38
claims from a private arm's length company. The claims cover 2,112 hectares of highly prospective
ground that connects two land parcels of the Opemiska Copper Project. The Opemiska is now
collectively 15,518 hectares comprising the Springer, Perry, Robitaille and Cooke mines and 13
kilometres of the Gwillim Fault.
The western section of the Opemiska Project contains the resource deposits and is where
Falconbridge
mined for nearly 40 years. The eastern section of the Opemiska is prospective for new
discoveries and is known to host VMS mineralization.
"This is a strategic land parcel that fills a gap in QC Copper's land holdings in the
Chapais
area. The
area is underlain by the lower unit of the
Chibougamau
volcanic stratigraphy known for the Lemoine
Mine and Scott VMS deposits and the same type of underlying favourable felsic volcanic rocks are
present on the property as well as known outcroping and stripped exhalative sulphide horizon at the
Sawmill Showing that is located along strike to a well defined, geophysically mapped, stratigraphic
horizon that we will be testing in the coming months with a large loop, super deep penetrating ground
EM survey", said
Charles Beaudry
, Director and VP Exploration.
QC Copper is acquiring 100% of the 38 claims and has issued 150,000 common shares of the
Company and paid
$10,000
in cash to the vendor, an arm's length private company. The vendor will
retain a 2% Net Smelter Royalty, of which 50% of can be repurchased for
$500,000
.
QP Statement
The technical information contained in this news release and the referenced webinar have been
reviewed and approved by
Charles Beaudry
, P.Geo and géo., Director and Vice President
Exploration for QC Copper and Gold Inc., who is a Qualified Person as defined in "National
Instrument 43-101, Standards of Disclosure for Mineral Projects".
For information and updates on QC Copper and Gold, please visit:
www.qccopper.com
And please follow us on Twitter
@qccoppergold
Neither 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. Certain information in this press release may contain forward-looking statements. This
information is based on current expectations that are subject to significant risks and uncertainties
that are difficult to predict. Actual results might differ materially from results suggested in any
forward-looking statements. QC Copper and Gold Inc. assumes no obligation to update the
forward-looking statements, or to update the reasons why actual results could differ from those
reflected in the forward looking-statements unless and until required by securities laws applicable
to QC Copper and Gold Inc. Additional information identifying risks and uncertainties is contained
in filings by QC Copper and Gold Inc. with Canadian securities regulators, which filings are
available under QC Copper and Gold Inc. profile at
www.sedar.com
.
SOURCE
QC Copper & Gold Inc.
View original content:
http://www.newswire.ca/en/releases/archive/November2021/30/c9964.html
%SEDAR: 00045293E
For further information:
To speak to the Company directly, please contact: Stephen Stewart,
Chief Executive Officer, Phone: 416.644.1567, Email [email protected]
CO: QC Copper & Gold Inc.
CNW 06:00e 30-NOV-21