TORONTO, Nov. 30, 2021 /CNW/ - QC Copper and Gold Inc.
("QC Copper" or the "Company") (TSXV: QCCU) is
pleased to announce the completion of the acquisition of 100%
interest in 38 claims from a private arm's length
company. The claims cover 2,112 hectares of highly
prospective ground that connects two land parcels of the Opemiska
Copper Project. The Opemiska is now collectively 15,518 hectares
comprising the Springer, Perry, Robitaille and Cooke mines and 13
kilometres of the Gwillim Fault.
The western section of the Opemiska Project contains the
resource deposits and is where Falconbridge mined for nearly 40 years. The
eastern section of the Opemiska is prospective for new discoveries
and is known to host VMS mineralization.
"This is a strategic land parcel that fills a gap in QC Copper's
land holdings in the Chapais area.
The area is underlain by the lower unit of the Chibougamau volcanic stratigraphy known for
the Lemoine Mine and Scott VMS deposits and the same type of
underlying favourable felsic volcanic rocks are present on the
property as well as known outcroping and stripped exhalative
sulphide horizon at the Sawmill Showing that is located along
strike to a well defined, geophysically mapped, stratigraphic
horizon that we will be testing in the coming months with a large
loop, super deep penetrating ground EM survey", said Charles Beaudry, Director and VP
Exploration.
QC Copper is acquiring 100% of the 38 claims and has issued
150,000 common shares of the Company and paid $10,000 in cash to the vendor, an arm's length
private company. The vendor will retain a 2% Net Smelter Royalty,
of which 50% of can be repurchased for $500,000.
QP Statement
The technical information contained in
this news release and the referenced webinar have been reviewed and
approved by Charles Beaudry, P.Geo
and géo., Director and Vice President Exploration for QC Copper and
Gold Inc., who is a Qualified Person as defined in "National
Instrument 43-101, Standards of Disclosure for Mineral
Projects".
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 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.