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.