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TORONTO, Feb. 12, 2021 /CNW/ - QC Copper and Gold
Inc. ("QC Copper" or the "Company") (TSXV: QCCU), is
pleased to announce that its drill program on the Opemiska is well
underway. Drilling is progressing quickly, and Company has
implement its QA/QC protocols and operating procedures for core
logging, cutting and sampling. Drill core shipments to the
assay laboratory is set to being this week and the Company will get
his results to shareholders as quickly as practical.
As of the 11th of February, 9 holes have been
completed with a total of 2,196m
drilled. Drilling is on-going on 24 hour, 7 days a week basis
with an average of over 110m of
drilling per period of 24 hours.
"Drilling progress is extremely fast and geology is as expected
with known veins appearing where predicted on our model and
surrounded by haloes of lower grade mineralization. Additionally,
new and previously unknown and unmined narrower veins are also
present. Holes are stopped where they intersect stopes, and
are within a couple of metres of the expected locations within our
model. This implies that our digitization and wire-framing
are very accurate," said Charles
Beaudry, VP Exploration, Director of the company and
Qualified Person according to NI43-101.
Oriented core technology is being used to obtain the 3D
orientation of veins and fault structures to complement variogram
studies and eventually to aid in interpolating grades for the
resource estimation once the drilling is completed.
This 20,000m drill program will
include 75 drill holes to be distributed between the Opemiska
Project's Springer and Perry mines, with the objective of
delineating a near surface, in-pit mineral resource. Many of
the planned holes are twins of old surface collared mine holes, to
confirm the historical mine assays but also to provide infill
sampling because of limited historical sampling due to the mine's
focus on high grade veins.
The Company is operating its drill program with strict protocols
to prevent any outbreaks to ensure the safety of our staff and the
communities which surround our project. To this end all our
personnel are being tested for Covid-19 prior to travelling to the
project.
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 Power Ore, who is 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.