QC Copper Intersects 100m of 0.42 % CuEq and 93m of 0.45% CuEq Further Extending Mineralization of Opemiska's Conceptual Open Pit Two in-pit ~100 metre intersections at twice the CuEq cut off grade Drilling focused on converting waste into open-pit mineralization
QC Copper Intersects 100m of 0.42 % CuEq
and 93m of 0.45% CuEq Further Extending
Mineralization of Opemiska's Conceptual Open
Pit
Two in-pit ~100 metre intersections at twice the CuEq cut off grade
Drilling focused on converting waste into open-pit mineralization
Most Reported Holes are in Saddle Zone, which is unmined and open for expansion
TORONTO
,
March 16, 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 drill
program on Opemiska. The majority of these reported intersections are within the Saddle Zone, a
critical expansion area for the open pit. The Saddle Zone was never mined and existed in between
the former producing Springer and Perry mines.
Several holes returned wide copper mineralized intervals, including
OPM-21-123: 93 metres at
.45% CuEq starting at 6 metres downhole, and OPM-22-126: 100 metres at .42% CuEq
starting at 60 metres downhole.
Click here
to view these reported holes in plan and cross-section
format.
"We are pleased to see the continued style of broad mineralization within the Saddle Zone as this
area is important for increasing tonnage but also optimizing the open-pit geometry. Our thesis is that
significant mineralization inside the conceptual pit was not captured by the initial mineral resource
estimate published last fall. Our recent drilling confirms that there is excellent expansion potential by
drilling the areas currently counted as waste and converting these into the resource category. This
current drilling is also being complemented by additional data compilation from surface and
underground holes, said
Charles Beaudry
, Director and Vice President of Exploration for QC
Copper."
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-21-123
South Springer
6.0
99.0
93.0
0.45
0.304
0.136
2.93
346
44
OPM-22-125
Saddle Zone
276.0
283.5
7.5
1.84
1.525
0.262
9.0
324
86
OPM-22-125
and
321.0
324.0
3.0
0.65
0.179
0.2588
3.05
525
86
OPM-22-126
Saddle Zone
60.0
160.5
100.5
0.42
0.342
0.042
1.966
107
48
OPM-22-127
Saddle Zone
87.0
112.5
25.5
0.31
0.249
0.042
1.435
59
37
OPM-22-128
Saddle Zone
84.1
96.1
12.0
1.13
0.887
0.177
8.113
141
61
OPM-22-128
including
66.0
96.0
30.0
0.55
0.42
0.083
3.92
257
71
OPM-22-128
and
225.0
243.0
18.0
0.21
0.161
0.014
1.667
73
32
OPM-22-128
and
337.5
352.5
15.0
0.24
0.112
0.139
1.17
87
42
*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.
The composite intervals are quoted "as is" and do not necessarily represent true widths of
mineralization. However within the deposit there are veins in several directions and these reported
holes are all drilled to the south to intersect the east-west trending veins which dip to the north and
suggests the intervals are near true width.
Update on Current Drill Program
As of
March 13
th
a total of 6,640 metres in 31 holes have been completed on the property for the
winter 2022 drilling program.
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. 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/March2022/16/c5171.html
%SEDAR: 00045293E
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 16-MAR-22