QC Copper Intersects 110 Metres of 0.65% CuEq, including 36.0m of 1.62% CuEq and 55.5 Metres of 0.56% CuEq on Opemiska
QC Copper Intersects 110 Metres of 0.65%
CuEq, including 36.0m of 1.62% CuEq and 55.5
Metres of 0.56% CuEq on Opemiska
TORONTO
,
Sept. 7, 2021
/CNW/ - QC Copper and Gold Inc. ("
QC Copper
" or the "
Company
")
(TSXV: QCCU) is pleased to report the final assays results from its Summer 2021 diamond drilling
program on the Opemiska Project in
Chapais, Quebec
. With final assays received, the Company is
now working towards the completion of a maiden resource estimate which is expected to be
announced in mid-September. Highlight intervals from the final batch of assays include Holes 69, 82
& 84 highlighted below:
Hole
OPM-21-69 (East of Perry Pit)
returned 110 metres grading 0.65% CuEq starting 34.5
metres downhole. This intersection also included an interval of
36.0m
which assayed 1.62% CuEq.
This hole is located on the periphery of past-producing Perry Mine.
Holes OPM-21-82 and OPM-21-84 (Southern Veins)
returned a
55.5m
intersection grading 0.56%
CuEq. The adjacent hole 84, collared
75m
west of hole 82, returned a
36.5m
interval grading 0.38%
CuEq
"With final assays in hand, we're quickly advancing towards completion of our maiden resource
estimate for the Opemiska project. Today's results drilled to the east, and outside of the Perry
conceptual pit, demonstrate the continuation of Springer/Perry mineralization towards the east. While
drilling is limited in this new zone, it represents core focus for future expansion of our upcoming
resource. Other key sources of exploration upside include the immediately adjacent Cooke-Robitaille
projects and numerous targets along the the Beaver Lake Fault corridor which is analogous to the
highly-productive #3 vein at the Springer mine" said
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
Click here to View a Plan view of the Intersections from Table 1.
Table 1: Reported
2021 Mineralized Intersections.
Hole ID
From
(m)
To
(m)
Interval
(m)
Grade
Copper Eq
(%)*
Copper
(%)
Gold
(gpt)
Silver
(gpt)
Zinc
(ppm)
Cobalt
(ppm)
OPM-21-54
117.7
141.0
23.3
0.379
0.324
0.021
1.875
70
36
and
258.9
264.1
5.2
0.558
0.413
0.102
4.244
190
57
OPM-21-57
180.0
185.0
5.0
3.17
2.862
0.053
19.88
604
106
OPM-21-58
117.0
130.0
13.0
0.411
0.329
0.041
1.773
102
61
OPM-21-60
198.0
202.5
4.5
0.605
0.552
0.011
2.067
60
41
OPM-21-63
85.0
93.0
8.0
0.596
0.532
0.006
2.351
49
60
OPM-21-64
134.0
155.0
21.0
0.535
0.378
0.078
5.164
143
91
OPM-21-68
162.0
172.5
10.5
0.935
0.837
0.005
6.671
162
45
OPM-21-69
34.5
144.0
109.5
0.648
0.594
0.009
2.551
109
37
incl.
108.0
144.0
36.0
1.624
1.534
0.012
4.515
250
53
OPM-21-70
46.5
48.8
2.3
8.349
7.855
0.048
40.809
235
118
OPM-21-71
165.0
174.0
9.0
0.381
0.33
0.009
1.283
84
52
and
216.0
223.5
7.5
0.339
0.285
0.006
1.24
98
58
OPM-21-72
82.5
93.0
10.5
0.423
0.275
0.077
2.986
53
118
OPM-21-77
64.5
106.9
42.4
0.239
0.199
0.008
1.42
35
34
and
153.7
168.7
15.0
0.815
0.681
0.031
5.382
292
90
OPM-21-80
31.5
51.0
19.5
0.457
0.405
0.014
2.485
39
32
OPM-21-82
103.5
159.0
55.5
0.558
0.437
0.028
6.766
388
46
OPM-21-84
73.5
110.0
36.5
0.383
0.291
0.023
4.052
151
57
and
150.0
158.0
8.0
0.259
0.203
0.011
2.563
55
40
OPM-21-88
14.9
148.5
133.6
0.468
0.207
0.342
1.65
92
45
OPM-21-90
36.0
69.0
33.0
0.358
0.267
0.095
1.111
52
31
incl.
37.5
48.0
10.5
0.937
0.721
0.25
2.748
89
49
and
157.5
201.0
43.5
0.29
0.119
0.194
1.621
477
31
OPM-21-91
39.0
67.5
28.5
0.378
0.26
0.114
1.121
89
53
OPM-21-92
138.0
154.5
16.5
0.355
0.3
0.011
2.723
47
42
OPM-21-93
7.0
36.0
29.0
0.36
0.196
0.215
1.1
44
29
and
90.0
122.0
32.0
0.303
0.232
0.078
0.873
23
22
and
195.0
205.5
10.5
0.278
0.183
0.097
1.086
44
38
OPM-21-95
12.0
49.5
37.5
0.374
0.228
0.126
1.884
978
33
and
106.5
112.5
6.0
0.67
0.372
0.352
3.375
198
64
and
136.5
140.0
3.5
0.911
0.757
0.135
3.193
141
59
and
244.5
297.0
52.5
0.33
0.289
0.072
1.589
66
29
OPM-21-96
94.5
105.0
10.5
0.508
0.446
0.04
2.177
49
24
and
217.5
231.0
13.5
0.337
0.24
0.091
1.602
74
38
and
288.0
291.0
3.0
0.849
0.773
0.082
7.85
419
62
OPM-21-97
23.8
27.0
3.3
0.606
0.08
0.456
2.223
5,909
68
and
109.5
127.6
18.1
1.4
1.134
0.182
8.794
987
61
OPM-21-99
15.0
48.0
33.0
0.203
0.144
0.029
1.072
147
43
and
156.0
163.0
7.0
0.813
0.67
0.102
5.08
125
44
OPM-21-101
187.5
190.5
3.0
1.156
0.773
0.411
7.75
114
79
and
220.5
297.0
76.5
0.307
0.235
0.063
1.4
61
28
*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, US$23.90 and US$1.20 respectively.
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 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, 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/September2021/07/c8853.html
%SEDAR: 00045293E
For further information:
Stephen Stewart, Chief Executive Officer, Phone: 416.644.1567, Email:
CO: QC Copper & Gold Inc.
CNW 06:00e 07-SEP-21