TORONTO, April 12, 2021 /CNW/ - QC Copper and Gold Inc.
("QC Copper" or the "Company") (TSXV: QCCU), is
pleased to report assays from its first three drill holes, from a
planned seventy-five holes, on its 2021 diamond drilling program on
the Opemiska Project's Springer Mine. These three holes are within
the planned pit constrained model, and the results are as
follows:
Hole OPM-21-24:
- 126.0 metres of 0.44% copper equivalent*,
-
- Including 55.5 metres of 0.64% copper
equivalent*, and a separate intersection of:
- 7.5 metres of 1.28% copper equivalent*
Hole OPM-21-25:
- 76.5 metres of 0.54% copper equivalent*, and a separate
intersection of:
- 18.0 metres of 0.80% copper equivalent
Hole OPM-21-27 (partial results):
- 127.5 metres of 0.40% copper equivalent*,
-
- Including 35.0 metres of 0.88% copper
equivalent*
Summary of Reported Mineralized Intersections
Hole
ID
|
Interval
(m)
|
From
(m)
|
To
(m)
|
Grade
|
Copper
Eq (%)
|
Copper
(%)
|
Gold
(gpt)
|
Silver
(gpt)
|
Cobalt
(ppm)
|
Zinc
(ppm)
|
OPM-21-24
|
126
|
51
|
177
|
0.444
|
0.326
|
0.134
|
1.55
|
28
|
59
|
Incl.
|
55.5
|
121.5
|
177
|
0.642
|
0.488
|
0.181
|
2.13
|
30
|
52
|
and
|
7.5
|
303
|
310.5
|
1.28
|
0.979
|
0.117
|
8.04
|
153
|
2,023
|
|
|
|
|
|
|
|
|
|
|
OPM-21-25
|
18
|
85.5
|
103.5
|
0.799
|
0.66
|
0.185
|
3.33
|
46
|
141
|
and
|
76.5
|
154.5
|
231
|
0.539
|
0.355
|
0.236
|
1.64
|
29
|
58
|
|
|
|
|
|
|
|
|
|
|
OPM-21-27
|
127.5
|
69.0
|
196.5
|
0.403
|
0.318
|
0.061
|
2.00
|
28
|
73
|
Incl.
|
35.0
|
69.0
|
104.0
|
0.877
|
0.749
|
0.094
|
4.41
|
40
|
129
|
*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.
|
About Opemiska's 2021 Drill Program
Drilling on
Springer and Perry is designed to define a near surface pit
constrained NI43-101 compliant mineral resource estimate later in
2021. Some of the planned drill holes are twinning old
surface drill holes cored by Falconbridge when the Springer and
Perry Mines were first
delineated. Additionally, many holes we are drilling, which
we are assaying throughout, are meant to provide infill assays data
as the Falconbridge holes were
often under-sampled due to their focus on high-grade underground
mining.
"The observed mineralization in this program's drill core is
very consistent with our expectations, and with assays now starting
to arrive, our expectation is for batch results to arrive once or
twice a week until the end of program," commented Charles Beaudry, VP Exploration and Director of
QC Copper and Gold Inc. Who contiuned "We are entering break-up
conditions on the Opemiska Property, but fortunately we planned the
program so that all the holes drilled during this period are on
high ground, which should allow us to drill right through to summer
conditions with minimal disruptions."
Drill Progress on Opemiska
As of April 10th, the Company has completed
11,460 metres of drilling with 56 holes either completed or in
progress. The Company is submitting samples to lab for assays of
copper, gold, silver, zinc and cobalt, all elements known to occur
in significant concentrations in the Springer and Perry Mines. The current program is over
55% completed and is averaging over 200 metres per day, with two
drills operating 24 hours day.
The Company is operating its drill program with strict protocols
to prevent any outbreaks to ensure the safety of our staff and the
communities that surround our project. To this end, all our
personnel and contractors are being tested for Covid-19 before
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.
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, the veins are predominantly EW
with a steep dip to the north. South-directed drill holes are
intersecting those veins near perpendicular. However, in the
disseminated mineralization, we find veins with various core angles
suggesting that other directions may be important. In the
disseminated mineralization, the true width of intersections is
estimated to be the same as the drill core width. However, the
mineralization may have an overall envelope that is different.
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, is 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 better 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.
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.