TORONTO, June 28, 2021 /CNW/ - QC Copper and Gold Inc.
("QC Copper" or the "Company") (TSXV: QCCU) is
pleased to report additional assay results from its recently
completed drill program on its flagship Opemiska Copper-Gold
project in the Chibougamau-Chapais mining district.
Highlight intervals including 64.0 metres of 0.54%
CuEq1 (OPM-21-38), 28.5 metres of 0.54%
CuEq (OPM-21-81, beginning from 3 metres downhole), and 23
metres of 1.58% CuEq (OPM-21-83) were returned from the
Mill Zone, an area underlying the old mill operated by Falconbridge between 1953 and 1991. The Mill
Zone contains several high-grade veins extending to surface that
were not mined due to the need to maintain thick crown pillars for
ground stability. Similar to other mineralized structures on the
Opemiska projects, the Mill Zone's high-grade veins also feature
halos of disseminated mineralization.
"Previous 2021 drilling from this zone yielded similarly
encouraging near-surface results including 140 metres grading
0.44% CuEQ (OPM-21-26, beginning 36 metres downhole) and
53.5 metres grading 0.56% CuEq (OPM-21-41, beginning 31
metres downhole). The Mill Zone (Table 1) is significant as its
near-surface mineralization includes both unmined high-grade veins
and disseminated mineralization. Given its near-surface location
and robust grade profile, the Mill Zone hosts the potential to be a
high-margin starter pit as part of a larger open-pit mining
scenario" said Charles Beaudry, VP
Exploration of QC Copper. Additional holes have been drilled into
the Mill Zone for which assays are pending.
Footwall Mineralization Potential
Most of the 2021
holes were concluded within the hanging wall of mined veins to
maintain efficiency in drilling, and drilling was stopped on
contact with previously mined stopes. We believe the
disseminated mineralization is essentially symmetrical around the
veins and there is a high likelihood that a similar length of
mineralization exists on the stopes' footwall side. Our existing
data shows a fairly symmetrical and equidistant halo that emanates
from the veins. We plan to capture this footwall mineralization in
our next drill program to increase our tonnes and reduce the strip
ratio.
Click here to View a Presentation of Plans,
Sections & Intersections from Table 1.
Table 1: Reported 2021 Mineralized Intersections
from the Mill Zone.
The following table summarizes all drill results obtained from
Mill Zone as part of the Company's 2021 drill program.
Hole
ID
|
Zone
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Grade
|
Copper Eq
(%)*
|
Copper
(%)
|
Gold
(gpt)
|
Silver
(gpt)
|
Zinc
(ppm)
|
Cobalt
(ppm)
|
OPM-21-38
|
Mill
|
132.0
|
196.0
|
64.0
|
0.54
|
0.38
|
0.17
|
2.03
|
81
|
45
|
OPM-21-81
|
Mill
|
3.0
|
31.5
|
28.5
|
0.54
|
0.39
|
0.16
|
2.87
|
181
|
38
|
OPM-21-83
|
Mill
|
244.0
|
267.0
|
23
|
1.58
|
0.89
|
0.68
|
13.24
|
1686
|
146
|
OPM-21-24^
|
Mill
|
51.0
|
177.0
|
126
|
0.44
|
0.33
|
0.13
|
1.55
|
59
|
28
|
OPM-21-25^
|
Mill
|
85.5
|
103.5
|
18.0
|
0.80
|
0.66
|
0.19
|
3.33
|
141
|
46
|
and
|
|
154.5
|
231.0
|
76.5
|
0.54
|
0.36
|
0.24
|
1.64
|
58
|
29
|
OPM-21-26^
|
Mill
|
36.0
|
176.0
|
140
|
0.44
|
0.33
|
0.12
|
1.44
|
71
|
36
|
OPM-21-41^
|
Mill
|
31.5
|
85
|
53.5
|
0.56
|
0.45
|
0.10
|
2.52
|
604
|
8
|
^Previously published
results. *See Note 1 above for % Cu-eq
calculation.
|
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.
However, the mineralization may have an overall envelope that is
different.
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 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.
_____________________________
|
1 *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.
|
SOURCE QC Copper & Gold Inc.