QCCU QC Copper and Gold Inc

TORONTO, Aug. 24, 2022 /CNW/ - QC Copper and Gold Inc. ("QC Copper" or the "Company") (TSXV: QCCU) (OTCQB: QCCUF) is pleased to report new assay results from its current drill program on the Opemiska Copper-Gold Property.  

Holes 209, 211, and 214, were drilled in the Gap Zone between Vein #1 and Vein #3 and include Vein #2. These holes intersected wide zones of copper/gold mineralization that are present as stacked zones and each hole successfully traversed open stopes and therefore do not include the high-grade mined-out vein material but only their lower-grade envelopes. Other unnamed veins, too narrow for underground mining, were also encountered. As a result, much of the material reported here was not included in Opemiska's 2021 Mineral Resource Estimate ("MRE"). The Gap Zone is in the Starter Pit area that demonstrated higher grades and lessor strip ratio in the MRE.

Click here to view cross sections and plan view of reported intesections.

Summary of reported composite intersections: Table 1

QC Copper will be switching its assay reporting format from copper equivalent grades individual metal concentrations. The Company believes this format more accurately reflects the true metal content as it avoids variable and subjective inputs like the price of metal and foreign exchange calculations. 

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 the insertion of standards and blanks and verification assays in a secondary laboratory. All the core received from the drill is split in half, bagged and sent to ALS-Global facilities in Quevillon, Quebec for sample preparation and then the pulps are shipped to AlS-Global's Vancouver laboratory or some other location in the world for analysis using ALS-Global's standardized ISO-compliant methods, all of which are listed in the laboratory certificates provided with the assay results.  The remaining half core along with the rejects and the pulps returned from the laboratory are securely stored at QC Copper's facilities in Chapais, Quebec. 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. Collars are oriented using a gyroscopic north-finding system and downhole deviations surveys are done with a single-shot gyroscopic instrument at 30 to 50m intervals.  For veins oriented approximately east-west and dipping towards the north, and drill holes oriented due south and plunging between 50 and 65 dips, the true width of mineralized intersections are equal or greater than 80% of the quoted core length composite intervals.  This observation also holds for veins oriented northwest-southeast and dipping towards the northeast with holes drilled towards the southwest at 225 degrees with dips between 50 and 65 degrees.  However for other drill hole orientations relative to these veins or other less common vein orientations, the true widths of mineralized intersections are less.

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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.