QC Copper & Gold Reports 10 New Holes to Convert Waste into In-Pit Mineralization
QC Copper & Gold Reports 10 New Holes to
Convert Waste into In-Pit Mineralization
TORONTO
,
July 5, 2022
/CNW/ - QC Copper and Gold Inc. ("
QC Copper
" or the "
Company
")
(TSXV: QCCU) (OTCQB: QCCUF) is pleased to report additional assay results from its current drill
program on the Opemiska Copper-Gold Property.
"This drill program postdates the Mineral Resource Estimate (2021 MRE) and is meant to improve
the mineral resources by reducing the strip ratio by upgrading inferred resources into indicated
resources category and identifying additional mineralized structures. This drill program has confirmed
the existence of at least two additional mineralized east-west structures in the Gap area between
the Springer Zone's Vein #2 and Vein #3. Additionally, it has defined the extension at depth of two
NW-SE mineralized structures in the Saddle Zone between Springer and Perry. Drilling in the Saddle
Zone has outlined continuous mineralization to a minimum vertical depth of 220 metres where it
remains open at depth. In contrast, the extension at depth of the mineralization within the Saddle
Zone itself will deepen the Springer and Perry pits compared to the 2021 MRE", said
Charles
Beaudry
, Director and Vice President of Exploration for QC Copper.
Highlights Include:
Mill Zone
OPM-22-177
0.44% Cu-eq over 61.5m
(from 151.5m to 213m)
OPM-22-179
0.60% Cu-eq over 85.5m
(from 135m to 220.5m)
Gap area between Springer Vein #2 and Vein #3 has outlined continuous mineralization over a
strike length of nearly 350 metres and it remains open at depth and along strike:
OPM-22-178
0.31% Cu-eq over 81.0m
(from 15.0 to 96.0m)
OPM-22-181
0.37% Cu-eq over 43.5m
(from 165.0 to 208.5m)
0.37% Cu-eq over 9.0m
(from 330.0 to 339m)
0.55% Cu-eq over 30.0m
(from 382.5.0 to 412.5m)
OPM-22-182
0.39% Cu-eq over 15.0m
(from 181.5.0 to 196.5m)
0.76% Cu-eq over 12.0m
(from 261.0 to 273m)
0.86% Cu-eq over 6.0m
(from 354.0 to 360m)
Springer Zone
OPM-22-176
0.32% Cu-eq over 122.1m
(from 122.4 to 244.5m), including
0.61% Cu-eq over 34.5m
OPM-22-175
0.43% Cu-eq over 66.0m
(from 36.0m to 102.0m), including
0.76% Cu-eq over 27.0m,
and
0.53% Cu-eq over 15.0m
(from 186.0 to 201.0m)
OPM-22-180
2.11% Cu-eq over 5.1m
(from 50.6m to 56m), including
0.95% Cu-eq over 22.1m
(from 100.5m to 122.6m),
Saddle Zone
OPM-22-173
0.80% Cu-eq over 12.0m
(from 97.5 to 109.5m)
OPM-22-174
2.62% Cu-eq over 6.0m
(from 88.5 to 94.5m)
Click here for Sections and Plan View of Current Drill Results
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-22-173
Saddle
97.5
109.5
12.0
0.80
0.636
0.151
2.98
118
59
OPM-22-174
Saddle
88.5
94.5
6.0
2.62
2.347
0.135
13.35
249
84
OPM-22-175
S. Springer
36
102
66.0
0.43
0.308
0.113
1.78
89
45
Incl.
S. Springer
36
63
27.0
0.76
0.564
0.192
3.52
134
55
And
S. Springer
186
201
15.0
0.53
0.19
0.313
4.85
2401
33
OPM-22-176
Mill
122.4
244.5
122.1
0.32
0.218
0.111
1.07
51
28
And
Mill
198
232.5
34.5
0.61
0.423
0.237
1.92
66
32
OPM-22-177
Mill
151.5
213
61.5
0.44
0.272
0.191
2.09
207
37
Incl.
Mill
193.5
213
19.5
0.99
0.652
0.448
3.36
103
39
OPM-22-178
Springer
15
96
81.0
0.31
0.21
0.092
1.80
207
30
OPM-22-179
Mill
135
220.5
85.5
0.60
0.322
0.388
1.27
56
32
OPM-22-180
Springer
50.6
56
5.4
2.11
1.728
0.244
18.34
412
67
And
Springer
100.5
122.6
22.1
0.95
0.736
0.187
5.63
209
67
OPM-22-181
Springer
165
208.5
43.5
0.37
0.253
0.133
1.39
68
37
And
Springer
330
339
9.0
0.37
0.271
0.07
2.22
109
53
And
Springer
382.5
412.5
30.0
0.55
0.145
0.553
2.27
301
50
OPM-22-182
Springer
181.5
196.5
15.0
0.39
0.299
0.049
2.03
67
60
And
Springer
261
273
12.0
0.76
0.125
0.739
2.53
4141
36
And
Springer
354
360
6.0
0.86
0.662
0.153
5.73
200
69
*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.
Update on Current Drill Program
The current drill program is designed to 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). As of
June 26th
, a total of 30,454.5 metres of drilling in
114 holes have been completed on the property since the publication of the 2021 MRE. A total of
19,269 samples have been collected and results have been received for 11,592 samples.
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.
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http://www.newswire.ca/en/releases/archive/July2022/05/c1730.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 08:21e 05-JUL-22