QC Copper & Gold Continues to Convert Waste into Mineralization with over 20 New In- Pit Intersections Highlights include: 43.5 metres at 0.67% Copper Equivalent 40.5 metres at 0.62% Copper Equivalent 166.5 metres at 0.32% Copper Equivalent
QC Copper & Gold Continues to Convert
Waste into Mineralization with over 20 New In-
Pit Intersections
Highlights include:
43.5 metres at 0.67% Copper Equivalent
40.5 metres at 0.62% Copper Equivalent
166.5 metres at 0.32% Copper Equivalent
150 metres at 0.30% Copper Equivalent
TORONTO
,
June 1, 2022
/CNW/ - QC Copper and Gold Inc. ("
QC Copper
" or the "
Company
")
(TSXV: QCCU) (OTCQB: QCCUF) is pleased to announce new assay results from its ongoing
60,000 metre drill program on Opemiska. The headline intersections are from hole OPM-22-164 and
OPM-22-169, respectively and were both from the southern part of the Springer pit. These holes
expand the in-pit Current NI 43-101 compliant
81.7M
tonnes @ 0.88% CuEq of Measured and
Indicated Mineral Resources and
21.4M
tonnes @ 0.73% CuEq of Inferred Mineral Resources
(2021 MRE).
Summary of significant reported composite intersections on Opemiska Project: Table 1
Hole ID
Zone
From
(m)
To (m)
Interval
(m)
Grade
Copper Eq
(%)*
Copper
(%)
Gold
(gpt)
Silver
(gpt)
Zinc
(ppm)
Cobalt
(ppm)
OPM-22-164
Springer
269.5
436.0
166.5
0.32
0.19
0.155
1.22
59
35
OPM-22-169
Springer
174.0
217.5
43.5
0.67
0.44
0.244
2.47
102
73
OPM-22-152
Vein#2
144.0
159.0
15.0
0.83
0.72
0.092
3.12
86
38
OPM-22-154
Springer
63.0
103.5
40.5
0.62
0.35
0.332
1.99
97
60
OPM-22-156
Vein#2
277.5
282.0
4.5
1.44
1.24
0.119
7.83
89
68
OPM-22-158
Springer
7.5
159.0
151.5
0.26
0.17
0.068
1.59
165
51
OPM-22-159
Springer
30.0
160.5
130.5
0.20
0.07
0.13
1.47
356
30
OPM-22-160
Vein#2
21.0
43.5
22.5
0.33
0.22
0.105
1.64
32
35
OPM-22-161
Vein#2
46.5
96.0
49.5
0.42
0.33
0.06
2.61
100
39
OPM-22-161
Vein#2
139.5
145.5
6.0
0.62
0.52
0.06
3.08
59
44
OPM-22-162
Saddle
69.0
84.0
15.0
0.84
0.60
0.273
3.68
104
56
OPM-22-163B
Saddle
91.5
115.5
24.0
0.50
0.39
0.104
2.39
46
33
OPM-22-165
Saddle
162.0
1181.5
19.5
0.65
0.51
0.128
2.12
88
50
OPM-22-166
Saddle
66.0
76.5
10.5
0.28
0.19
0.08
1.61
76
35
OPM-22-167
Springer
31.5
43.5
12.0
0.71
0.54
0.179
2.63
65
38
OPM-22-167
Springer
181.5
192.0
10.5
1.24
0.42
1.128
4.51
42
115
OPM-22-168
Saddle
150.0
166.5
16.5
0.72
0.63
0.06
2.96
101
40
OPM-22-169
Springer
9.0
30.0
21.0
0.29
0.07
0.149
0.79
54
23
OPM-22-169
Springer
57.0
69.0
12.0
0.54
0.43
0.107
1.85
66
41
OPM-22-170
Saddle
93.0
99.0
6.0
0.44
0.34
0.073
2.13
103
41
OPM-22-171
Vein#2
87.0
237.0
150.0
0.30
0.23
0.045
1.11
55
47
Including
Vein#2
183.0
208.5
25.5
0.93
0.74
0.183
3.0
95
65
OPM-22-172
Springer
256.5
301.5
45.0
0.31
0.20
0.088
1.84
102
51
*
Copper Equivalent ("Cu Eq.") grade including copper, gold, silver, cobalt and zinc based on 100% recoveries is calculated using the following equation: Cu Eq. = [(Cu % x 20 x Cu
price) + (Au grade / 34.2857 x Au price) + (Ag grade / 34.2857 x Ag price) + (Co % x 20 x Co price) + (Zn % x 20 x Zn price)] / (20 x Cu price). We used Cu, Au, Ag, Co and Zn
price of US$4.00, US$1,730, US$26.00 and US$23.90 and US$1.20 respectively. Note that the assays have not been capped.
"These results are all within the conceptual open pit 2021 MRE, specifically from the Saddle Zone,
Vein #2 and from the south side of Springer. The broad intersections continue to confirm wide
mineralized intervals surrounding historical stopes, thus confirming our thesis that significant
mineralization, currently defined as waste, exists inside the pit. We are confident that with this and
further drilling, we will be able to significantly reduce the stripping ratio defined by our conceptual pit.
In addition, these results indicate that the Saddle Zone is larger than we estimated in our mineral
resource estimate and that the Saddle Zone may extend southward to Vein #2," said
Charles
Beaudry
, Director and Vice President of Exploration for QC Copper,
Update on Current Drill Program
As of
May 29th
, a total of 24,733 metres of drilling over 96 holes have been completed on the
property since the publication of the 2021 MRE.
QP Statement
The technical information contained in this news release has been reviewed and approved by
Charles Beaudry
, P.Geo and géo., Director and Vice President Exploration for QC Copper & Gold,
a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral
Projects." For the exploration undertaken by QC Copper & Gold, all assay batches are
accompanied by rigorous Quality Assurance procedures that include the insertion of standards and
blanks and verification assays in a secondary laboratory. Quality Control results, including the
laboratory's control samples, are evaluated immediately on reception of batch results and
corrections implemented immediately if necessary. All drill collars are surveyed and positioned in
UTM coordinates. Collars are oriented using a gyroscopic north-finding system and downhole
deviations surveys are done with a single-shot gyroscopic instrument at 30 to
50m
intervals.
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/June2022/01/c2559.html
%SEDAR: 00045293E
For further information:
Stephen Stewart, Chief Executive Officer, Phone:
416.644.1571, Email:
CO: QC Copper & Gold Inc.
CNW 06:00e 01-JUN-22