QC Copper Highlights Opemiska's Gold Potential after reporting its 18.3gpt Gold over 9 Metres Intersection
QC Copper Highlights Opemiska's Gold Potential after
reporting its 18.3gpt Gold over 9 Metres Intersection
TORONTO
,
Sept. 13, 2021
/CNW/ - QC Copper and Gold Inc. ("
QC Copper
" or the "
Company
") (TSXV: QCCU) is
pleased to detail its interpretation of the gold potential on its Opemiska Copper-Gold Mine Complex in the
Chibougamau district of Quebec.
"While Opemiska is a copper-dominated system, the project has historically produced significant gold credits. Consistent
with historical data showcasing significant gold content, recent drilling continuing to return robust gold values incl. 18.3 g/t
over a 9 metres separate from a broader interval of 100 metres grading 0.5% CuEq higher up in the hole (hole OPM-21-
98). We anticipate potential gold credits will play an important role in further enhancing the Opemiska's project economics
in a future development scenario." said
Charles Beaudry
, P.Geo and géo., Director and Vice President Exploration for QC
Copper & Gold.
Hole 98's 18.3 gpt gold over 9.0 metre Intersection (Vein #2, Springer Mine)
QC Copper and Gold's news release of
July 26, 2021
reported a wide high-grade gold intersection in hole 98 on the edge
of Vein #2. This mineralized intersection appears to be a local gold remobilization and enricment because it has low
copper values. This style of mineralization is distinct from the high gold copper veins that were historically mined in the
south part of the Springer Mine, near the Gwillim Fault.
Holes OPM-21-88 and OPM-21-90 (South Springer Pit, Gwillim Fault)
Hole 88 (see QC Copper news release of
7 September 2021
), collared on the south limit of the Springer Mine conceptual
pit, returned
133.6m
grading 0.7% CuEq and included a
1.5m
sample assaying 17.6 gpt Au (from 27.0 to
28.5 m
) and
another sample with 5.44 gpt Au over
1.5m
(from 118.5 to
120.0 m
) and a total of 13 samples in the mineralized interval
assayed over 0.3 gpt gold with all but one of these samples assaying more than 0.5% copper. One sample from hole 90
assayed 3.47 gpt gold whereas 8 samples assayed over 0.3 gpt gold and all but 2 of these samples assayed over 0.5%
copper. "There is no doubt that gold at Opemiska is both associated with copper veins and enriched near the Gwillim on
the one hand and occurs remobilized in low copper gold veins throughout the Springer and
Perry Mines
and we will use
this knowledge to explore the project area over the 13km of prospective Gwillim Fault structure, commented Beaudry".
Gold Deposition within the Gwillim Fault
Our geological model indicates that gold grades increase in relation to their proximity to Gwillim Fault. This observation
ties in well with the Company's upcoming drill programs which include numerous targets located along and proximal to the
Gwillim Fault. In Hole 98, high-grade gold appears to be remobilized as high copper grades do not accompany it. This
suggests at least two phases of gold deposition, those where lower gold grades appear along with high-grade copper and
a later phase gold remobilization with lower-grade copper.
Click here to See Opemiska's Gold Assays Greater than 7gpt – Figure 1
Figure 1 depicts the historical assays from the Opemiska Project with greater than 8.0 gpt gold. Approximately 2,600
historical samples were assayed over 8.0 gpt gold, with 64% of these samples occurring within 300 metres of the Gwillim
Fault, which confirms the correlation of gold with this important fault structure. The veins on the southern limit of the
Springer Mine contain significantly higher gold values than elsewhere in the district. The Company considers this gold
enrichment near the Gwillim Fault as significant evidence for the concurrent movement structures on the Gwillim Fault and
generation of copper-gold mineralization in the Venture and Bourbeau sills. This thesis confirms the potential for the
Gwillim Fault as an important and highly prospective exploration target, much of is which is untested due to lack of
outcrop.
Click here to See the Elevated Gold Assays Greater than 1gpt form the 2019 and 2021 Drilling Programs – Figure 2
High Gold grades from the 2019 and 2021 Drilling Programs
Figure 2 shows the surface projection of all the samples from the 2019 and 2021 diamond drilling programs on te
Opemiska and Cooke-Robitaille properties with gold assays over 1.0 gpt. Within the group some samples contain high
copper values whereas other samples contain only low copper grades. On the Opemiska Property the highest gold
assays are in hole 98 and decribed above within a
9.0m
interval grading 18.3 gpt gold. On the contiguous Cooke-
Robitaille Property the highest gold assays came from a vein intersected within the Gwillim Fault itself. A total of 46
samples from holes drilled on both properties returned assays over 1.0 gpt.
Orientation of Drilling and True Widths of Mineralization
Field-based and drill hole evidence indicates that several orientations of veins are present on the Opemiska Property.
Around the Springer Mine, veining is predominantly EW trending and steeply dipping to the north. South-facing drill holes
were conducted in order to better approximate true widths. However, mineralized intervals typically expand well beyond
the main veins as part of cross cutting veinlets creating disseminated mineralized halos. In the disseminated mineralization,
the true width of intersections is estimated to be the same as the drill core width.
About the Opemiska Copper Complex
The Opemiska Copper Complex is located adjacent to Chapais,
Quebec
, within the Chibougamau district. 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, previously-owned and operated
by Falconbridge between 1953-1991. The project hosts excellent on-site 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 & 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 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. Downhole deviations surveys are done with a Reflex
instrument at
30m
intervals. A systematic density measurement program using two methods was implemented to
measure the density of all rock types. A specific susceptibility measurement protocol was also implemented to estimate
the relative abundance of magnetite in the Ventures Sill's variably magnetic rocks. A focused optical and acoustic
televiewer surveying program is planned at the end of the program to obtain correctly oriented structural measurement to
inform the interpolation algorithms of the block modelling software that will be used to estimate the mineral resources
Springer and
Perry Mines
pit.
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 TSX Venture
Exchange policies) accept responsibility for this release's adequacy or accuracy. Certain information in this press
release may contain forward-looking statements. This information is based on current expectations 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. assume 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 QC Copper and Gold Inc. filings 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/September2021/13/c3974.html
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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 13-SEP-21