TORONTO, July 26, 2021 /CNW/ - QC Copper and Gold Inc.
("QC Copper" or the "Company") (TSXV: QCCU) is
pleased to report another robust copper intersection in the Saddle
Zone, a previously unmined structural corridor located between the
Springer and Perry conceptual pits.
Hole OPM-21-98,
Hole 98 returned 100 metres grading 0.5% Copper Eq starting 7
metres downhole. Additionally, the same hole intersected a separate
9.0 metre interval of 18.3 gpt gold and 1.7% zinc, all within the
Saddle Zone of its Opemiska Copper-Gold project.
18.3 gpt Gold over 9.0 metres: Significance of Hole 98's
High-Grade Gold Intersections
Near the bottom of hole 98, a
wide pyrite-rich vein was intersected returning a 9.0 metre
interval grading 18.30 g/t gold (uncut or 10.4 g/t gold when
applying a 30 g/t top cut). The core angles observed with the vein
are consistent with the orientation Vein #2, namely EW strike and
moderate to steep north dip, indicating the true thickness of the
vein is about 75% of the core length.
"The spectacular gold assay in hole OPM-21-98 and historical
mine assays underline the significant gold on the Opemiska Project,
particularly in the southern part of the Springer Mine, near the
Gwillim Fault", explained Beaudry. "We previously presented a
new deposit model that highlights the role of the Gwillim Fault.
These results along with the historical drill results suggest that
the Gwillim Fault, long thought to be a late, post-mineral event,
may actually be contemporaneous with the mineralization suggesting
that the whole fault structure itself deserves to be considered as
an exploration target. Little attention has been paid to the
Gwillim Fault because of poor outcropping and lack of early success
in testing this structure."
Saddle Zone: Connecting the Springer and Perry Open
Pits
The Saddle Zone represents a substantive resource
expansion opportunity given no historical mining occurred in the
area between the Springer and Perry
Mines. Although the Saddle Zone was known to
Falconbridge, their decision to
dismiss the zone reflected high underground mining costs and
prevailing metal prices in the 1980-1990's. However, QC Copper's
approach focuses on defining low-grade halos around existing
high-grade veins that are amenable to open-pit mining. To date, the
current drill program intersected significant intervals of
mineralization in at least eight separate Saddle Zone holes, with
results for two holes (96 and 100) expected shortly.
"Our Saddle Zone results thus far provide four potential
benefits to the project: significant expansion of mineralization
above the presumed cut-off grade of 0.25% Copper Equivalent; the
potential integration of the Springer and Perry conceptual pits
into a single super pit; the possibility of deepening the overall
pit outline and; the possible reduction of the waste material in
relation to the mineralized tonnage. We believe that an
updated understanding of the Saddle zone will undoubtedly improve
our baseline numbers", said Charles
Beaudry, VP Exploration of QC Copper.
Click here to View a Presentation of Plans, Sections &
Intersections from Table 1.
Table 1: Reported 2021 Mineralized Intersections
from the Saddle Zone.
Hole
ID
|
Zone
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Grade
|
Copper Eq
(%)*
|
Copper
(%)
|
Gold
(gpt)
|
Silver
(gpt)
|
Zinc
(ppm)
|
Cobalt
(ppm)
|
OPM-21-28^
|
Saddle
|
140.0
|
195.0
|
55.0
|
0.303
|
0.223
|
0.059
|
1.358
|
66
|
46
|
Incl.
|
|
170.0
|
177.5
|
7.5
|
1.46
|
1.177
|
0.305
|
5.704
|
97
|
53
|
OPM-21-29^
|
Saddle
|
132.0
|
158.0
|
26.0
|
0.370
|
0.279
|
0.070
|
1.508
|
83
|
49
|
OPM-21-44^
|
Saddle
|
57.0
|
78.0
|
21.0
|
0.522
|
0.402
|
0.113
|
2.257
|
114
|
40
|
OPM-21-46^
|
Saddle
|
25.5
|
36.0
|
10.5
|
0.511
|
0.423
|
0.050
|
3.300
|
100
|
37
|
and
|
|
144.0
|
165.0
|
21.0
|
0.443
|
0.114
|
0.417
|
3.164
|
329
|
45
|
OPM-21-49^
|
Saddle
|
110.4
|
150.0
|
39.6
|
0.495
|
0.395
|
0.095
|
2.231
|
74
|
29
|
OPM-21-50^
|
Saddle
|
221.5
|
251.6
|
40.1
|
0.709
|
0.558
|
0.149
|
3.167
|
142
|
38
|
OPM-21-51^
|
Saddle
|
49.5
|
187.5
|
138.0
|
0.48
|
0.390
|
0.066
|
1.997
|
89
|
48
|
Incl.
|
|
111.0
|
187.5
|
76.5
|
0.78
|
0.646
|
0.113
|
3.239
|
114
|
52
|
and Incl.
|
|
133.4
|
161.2
|
27.8
|
1.40
|
1.155
|
0.250
|
5.026
|
170
|
58
|
OPM-21-98
|
Saddle
|
6.8
|
106.8
|
100.0
|
0.494
|
0.376
|
0.125
|
1.567
|
66
|
37
|
Incl.
|
|
6.8
|
28.5
|
21.7
|
1.53
|
1.185
|
0.452
|
3.438
|
92
|
41
|
and
from
|
Vein
2
|
337.5
|
346.5
|
9.0
|
|
|
18.29
|
|
8,783
|
|
Incl.
|
|
340.5
|
345.0
|
4.5
|
|
|
36.1
|
|
16,683
|
|
^
|
Previously published
results.
|
*
|
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
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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.