TORONTO, Sept. 13, 2021 /CNW/ - QC Copper and Gold Inc.
("QC Copper" or the "Company") (TSXV: QCCU) is
pleased to detail its interpretation of the gold potential on its
Opemiska Copper-Gold Mine Complex in the Chibougamau district
of Quebec.
"While Opemiska is a copper-dominated system, the project has
historically produced significant gold credits. Consistent
with historical data showcasing significant gold content, recent
drilling continuing to return robust gold values incl. 18.3 g/t
over a 9 metres separate from a broader interval of 100 metres
grading 0.5% CuEq higher up in the hole (hole OPM-21-98). We
anticipate potential gold credits will play an important role in
further enhancing the Opemiska's project economics in a future
development scenario." said Charles
Beaudry, P.Geo and géo., Director and Vice President
Exploration for QC Copper & Gold.
Hole 98's 18.3 gpt gold over 9.0 metre Intersection (Vein #2,
Springer Mine)
QC Copper and Gold's news release
of July 26, 2021 reported a wide
high-grade gold intersection in hole 98 on the edge of Vein
#2. This mineralized intersection appears to be a local gold
remobilization and enricment because it has low copper values. This
style of mineralization is distinct from the high gold copper veins
that were historically mined in the south part of the Springer
Mine, near the Gwillim Fault.
Holes OPM-21-88 and OPM-21-90 (South Springer Pit, Gwillim
Fault)
Hole 88 (see QC Copper news release of 7 September 2021), collared on the south limit of
the Springer Mine conceptual pit, returned 133.6m grading 0.7% CuEq and included a
1.5m sample assaying 17.6 gpt Au
(from 27.0 to 28.5 m) and another
sample with 5.44 gpt Au over 1.5m
(from 118.5 to 120.0 m) and a total
of 13 samples in the mineralized interval assayed over 0.3 gpt gold
with all but one of these samples assaying more than 0.5%
copper. One sample from hole 90 assayed 3.47 gpt gold whereas
8 samples assayed over 0.3 gpt gold and all but 2 of these samples
assayed over 0.5% copper. "There is no doubt that gold at
Opemiska is both associated with copper veins and enriched near the
Gwillim on the one hand and occurs remobilized in low copper gold
veins throughout the Springer and Perry
Mines and we will use this knowledge to explore the project
area over the 13km of prospective Gwillim Fault structure,
commented Beaudry".
Gold Deposition within the Gwillim Fault
Our
geological model indicates that gold grades increase in relation to
their proximity to Gwillim Fault. This observation ties in well
with the Company's upcoming drill programs which include numerous
targets located along and proximal to the Gwillim Fault. In Hole
98, high-grade gold appears to be remobilized as high copper grades
do not accompany it. This suggests at least two phases of gold
deposition, those where lower gold grades appear along with
high-grade copper and a later phase gold remobilization with
lower-grade copper.
Click here to See Opemiska's Gold Assays
Greater than 7gpt – Figure 1
Figure 1 depicts the historical assays from the Opemiska Project
with greater than 8.0 gpt gold. Approximately 2,600
historical samples were assayed over 8.0 gpt gold, with 64% of
these samples occurring within 300 metres of the Gwillim Fault,
which confirms the correlation of gold with this important fault
structure. The veins on the southern limit of the Springer Mine
contain significantly higher gold values than elsewhere in the
district. The Company considers this gold enrichment near the
Gwillim Fault as significant evidence for the concurrent movement
structures on the Gwillim Fault and generation of copper-gold
mineralization in the Venture and Bourbeau sills. This thesis
confirms the potential for the Gwillim Fault as an important and
highly prospective exploration target, much of is which is untested
due to lack of outcrop.
Click here to See the Elevated Gold Assays
Greater than 1gpt form the 2019 and 2021 Drilling Programs – Figure
2
High Gold grades from the 2019 and 2021 Drilling
Programs
Figure 2 shows the surface projection of all the
samples from the 2019 and 2021 diamond drilling programs on te
Opemiska and Cooke-Robitaille properties with gold assays over 1.0
gpt. Within the group some samples contain high copper values
whereas other samples contain only low copper grades. On the
Opemiska Property the highest gold assays are in hole 98 and
decribed above within a 9.0m interval
grading 18.3 gpt gold. On the contiguous Cooke-Robitaille
Property the highest gold assays came from a vein intersected
within the Gwillim Fault itself. A total of 46 samples from
holes drilled on both properties returned assays over 1.0 gpt.
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 district. 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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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.