QC Copper & Gold Updates on Opemiska Copper Project Drilling, Appoints Philippe Cloutier to Board
QC Copper & Gold Updates on Opemiska
Copper Project Drilling, Appoints Philippe
Cloutier to Board
TORONTO
,
March 8, 2021
/CNW/ - QC Copper and Gold Inc. ("
QC Copper
" or the "
Company
")
(TSXV: QCCU) is pleased to report that the Opemiska drill program is exceeding planned
performance milestones. As of the 8th of March, 23 holes have been completed with a total of
5,125m
drilled and a total of 1,907 samples have been sent to the laboratory for assaying.
Additionally modelling of the geology and mineralization continues to be validated.
"We are very pleased with this work performance and progress. The results so far attest to the
robustness of the digital model of the historic copper deposit mineralization and infrastructure which
goes towards increasing the reliability of the dataset and delivering a maiden mineral resource
estimate (MRE) and followed, if favourable, by a preliminary economic analysis (PEA)," said
Charles
Beaudry
, Director and VP Exploration of QC Copper and Gold Inc.
The Company is also pleased to announce that it has appointed
Philippe Cloutier
, President & CEO
of Cartier Resources ("Cartier"), as an independent director of the Company.
Mr. Cloutier, P.Geo holds a B.Sc. in Geology, a certificate in Human Resource Management and
has over 35 years of experience in the mining exploration and development business. Mr. Cloutier
has previously worked for industry leaders such as Noranda Inc., Aur Resources Inc., and Soquem.
Mr. Cloutier played a lead role in discovering and delineating the Bell-Allard South Cu-Zn Mine in
Matagami, Quebec
. He has served as Chairman of the AEMQ and a member of the Order of
Geologist professional inspection committee. He is the founder of Cartier Resources, for which he is
a director and president and CEO.
"We are pleased to welcome Mr. Cloutier as the newest member of the Board. Philippe brings a
wealth of experience in exploring projects in
Quebec
, along with professional and business
relationships within and outside of
Quebec
. He joins our efforts in advancing the Opemiska Copper
Complex to the next level." says
Stephen Stewart
, CEO of QC Copper and Gold Inc.
In accordance with the Corporation's Stock Option Plan, QC Copper announces a total of 500,000
incentive options have been granted to directors. The option's exercise price is $0.225 per share,
and they are exercisable for five years from the date of issue.
About the Opemiska Copper Complex
The Opemiska Copper Complex is located adjacent to
Chapais, Quebec
, within the
Chibougamau
region. Opemiska is also within the Abitibi Greenstone belt and within the boundaries of the Province
of Quebec's Plan Nord, which promotes and funds infrastructure and development of natural
resource projects. The Opemiska property covers 12,782 hectares and covers the past producing
Springer, Perry, Robitaille and Cooke mines, owned and operated by Falconbridge. The project has
the ideal in-place infrastructure, including a power station and direct access to Highway 113 and the
Canadian National Railway.
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 and Gold
Inc., and a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for
Mineral Projects."
Forward-Looking Statements
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/March2021/08/c9444.html
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For further information:
For information and updates on QC Copper and Gold, please visit:
www.qccopper.com
CO: QC Copper & Gold Inc.
CNW 08:00e 08-MAR-21