QC Copper & Gold Grows Opemiska with Intersections of 94.5m of 0.42% CuEq and 192m of 0.33% CuEq, Increasing Size of Starter Pit
QC Copper & Gold Grows Opemiska with
Intersections of 94.5m of 0.42% CuEq and
192m of 0.33% CuEq, Increasing Size of
Starter Pit
TORONTO
,
May 4, 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. Intersections include significant mineralized holes from
zones within and outside the conceptual pit, which defines the 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).
Hole ID
Zone
From
(m)
To
(m)
Interval
(m)
Grade
Copper Eq
(%)*
Copper
(%)
Gold
(gpt)
Silver
(gpt)
Zinc
(ppm)
Cobalt
(ppm)
OPM-22-143
Mill Zone
166.5
261.0
94.5
0.42
0.2
0.243
2.333
753
38
OPM-22-146
Mill Zone
237.0
429.0
192.0
0.33
0.225
0.107
1.44
69
36
Incl.
291.0
334.5
43.5
0.84
0.593
0.327
2.386
66
36
OPM-22-133
K-Veins
54.0
70.5
16.5
0.29
0.012
0.402
0.401
26
27
and
99.0
108.0
9.0
0.44
0.004
0.643
0.2
88
43
OPM-22-138
Perry East
216.0
237.0
21.0
0.53
0.487
0.006
1.357
46
35
OPM-22-139
Perry East
70.5
90.0
19.5
0.97
0.892
0.015
3.438
58
64
OPM-22-141
South-East
7.4
36.0
28.6
0.56
0.481
0.032
2.777
99
46
OPM-22-144
East Veins
88.5
126.0
37.5
0.23
0.173
0.008
1.488
54
61
Incl.
88.5
102.0
13.5
0.46
0.383
0.007
3.122
105
60
OPM-22-149
South-East
141.0
168.0
27.0
0.20
0.145
0.019
2.161
86
38
OPM-22-151
Springer
43.5
67.5
24.0
0.32
0.252
0.049
0.581
35
51
Summary of significant reported composite intersections on Opemiska Project:
Table 1
*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.
"Our ongoing drilling is continually improving our deposit model, allowing us to become more
predictive in our targeting. This is particularly important in the Mill Zone where thick crown pillars can
provide very high grades in the early years of mine production with very low strip ratios. The results
reported here, along with hole 122, are designed to convert what was counted as barren rock and
turn it into mineralized material. This reduces the amount of waste and increases the Starter Pit's
size," said
Charles Beaudry
, Director and Vice President of Exploration for QC Copper.
Click here for cross-sections and a plan view of reported holes
Mill Zone Results
Mill Zone is where most of the 2021 MRE Start Pit resides between the Springer and Saddle Zones.
The Mill Zone is named for the historical ore processing plant where thick crown pillars were left
behind to protect the buildings and operations.
These newly reported intersections consist of
50m
step-outs on either side of the previously
reported hole OPM-21-122, which intersected
184.5 m
of 0.32% CuEq. Both OPM-22-143 and 146
are mineralized over considerable lengths and confirm a significant expansion of within pit resource in
this area. Moreover, these holes are expected to significantly expand the starter pit, currently
estimated at
10.6M
tonnes of Measured & Indicated Mineral Resources grading 1.26% CuEq.
Perry East
and K-Veins
Results of drilling on the east side of the Perry Pit to followup on hole OPM-21-69, which is included
in the 2021 MRE include hole OPM-22-138 which intersected
21.0 m
of 0.53% CuEq and OPM-22-
139 that returned
19.5m
@ 0.97% CuEq. Both were step-out holes from hole 69 and confirmed the
continuity of the zone.
On the K-Vein, which was mined underground, the surface expression of the vein was drill tested
with six holes and the western part of the vein intersected gold mineralization with low copper
values. Although small, the zone is open to the west and could be the object of a small satellite pit.
SouthEast Veins
This veins system is located along the axis of the Springer inverted anticline and was drill tested
early in 2021, returning up to
55m
of 0.56% CuEq in pyroxinite in hole OPM-21-822. More recent
drilling to the east returned a
28.6m
interval grading 0.56% CuEq and confirmed multiple mineralized
zones that are conducive to open-pit mining.
The composite intervals are quoted "as is" and do not necessarily represent true widths of
mineralization. Within the deposit, there are veins in several directions but east-west veins are most
common and these dip to north and in south plunging holes drilled into these veins the intervals have
near true width intersections.
Update on Current Drill Program
As of
May 1
st
a total of 20,014 metres of drilling with 81 holes have been completed on the property
since the publication of the fall-2021 mineral resource estimate.
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/May2022/04/c5430.html
%SEDAR: 00045293E
For further information:
To speak to the Company directly, please contact: Stephen Stewart,
Chief Executive Officer, Phone:
416.644.1571, Email:
CO: QC Copper & Gold Inc.
CNW 06:00e 04-MAY-22