TORONTO, July 5, 2022
/CNW/ - QC Copper and Gold Inc. ("QC Copper" or the
"Company") (TSXV: QCCU) (OTCQB: QCCUF) is pleased to report
additional assay results from its current drill program on the
Opemiska Copper-Gold Property.
"This drill program postdates the Mineral Resource Estimate
(2021 MRE) and is meant to improve the mineral resources by
reducing the strip ratio by upgrading inferred resources into
indicated resources category and identifying additional mineralized
structures. This drill program has confirmed the existence of at
least two additional mineralized east-west structures in the Gap
area between the Springer Zone's Vein #2 and Vein #3.
Additionally, it has defined the extension at depth of two
NW-SE mineralized structures in the Saddle Zone between Springer
and Perry. Drilling in the Saddle Zone has outlined continuous
mineralization to a minimum vertical depth of 220 metres where it
remains open at depth. In contrast, the extension at depth of the
mineralization within the Saddle Zone itself will deepen the
Springer and Perry pits compared to the 2021 MRE", said
Charles Beaudry, Director and Vice
President of Exploration for QC Copper.
Highlights Include:
|
OPM-22-177
|
0.44% Cu-eq over
61.5m (from 151.5m to 213m)
|
|
OPM-22-179
|
0.60% Cu-eq over
85.5m (from 135m to 220.5m)
|
- Gap area between Springer Vein #2 and Vein #3 has outlined
continuous mineralization over a strike length of nearly 350 metres
and it remains open at depth and along strike:
|
OPM-22-178
|
0.31% Cu-eq over
81.0m (from 15.0 to 96.0m)
|
|
OPM-22-181
|
0.37% Cu-eq over
43.5m (from 165.0 to 208.5m)
0.37% Cu-eq over
9.0m (from 330.0 to 339m)
0.55% Cu-eq over
30.0m (from 382.5.0 to 412.5m)
|
|
OPM-22-182
|
0.39% Cu-eq over
15.0m (from 181.5.0 to 196.5m)
0.76% Cu-eq over
12.0m (from 261.0 to 273m)
0.86% Cu-eq over
6.0m (from 354.0 to 360m)
|
|
OPM-22-176
|
0.32% Cu-eq over
122.1m (from 122.4 to 244.5m), including
0.61% Cu-eq over
34.5m
|
|
OPM-22-175
|
0.43% Cu-eq over
66.0m (from 36.0m to 102.0m), including
0.76% Cu-eq over
27.0m, and
0.53% Cu-eq over
15.0m (from 186.0 to 201.0m)
|
|
OPM-22-180
|
2.11% Cu-eq over
5.1m (from 50.6m to 56m), including
0.95% Cu-eq over
22.1m (from 100.5m to 122.6m),
|
|
OPM-22-173
|
0.80% Cu-eq over
12.0m (from 97.5 to 109.5m)
|
|
OPM-22-174
|
2.62% Cu-eq over
6.0m (from 88.5 to 94.5m)
|
Click here for Sections and Plan View of
Current Drill Results
Summary of significant reported composite
intersections on Opemiska Project: Table
1
|
Hole
ID
|
Zone
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Grade
|
|
Copper Eq
(%)*
|
Copper
(%)
|
Gold
(gpt)
|
Silver
(gpt)
|
Zinc
(ppm)
|
Cobalt
(ppm)
|
|
OPM-22-173
|
Saddle
|
97.5
|
109.5
|
12.0
|
0.80
|
0.636
|
0.151
|
2.98
|
118
|
59
|
|
OPM-22-174
|
Saddle
|
88.5
|
94.5
|
6.0
|
2.62
|
2.347
|
0.135
|
13.35
|
249
|
84
|
|
OPM-22-175
|
S. Springer
|
36
|
102
|
66.0
|
0.43
|
0.308
|
0.113
|
1.78
|
89
|
45
|
|
Incl.
|
S. Springer
|
36
|
63
|
27.0
|
0.76
|
0.564
|
0.192
|
3.52
|
134
|
55
|
|
And
|
S. Springer
|
186
|
201
|
15.0
|
0.53
|
0.19
|
0.313
|
4.85
|
2401
|
33
|
|
OPM-22-176
|
Mill
|
122.4
|
244.5
|
122.1
|
0.32
|
0.218
|
0.111
|
1.07
|
51
|
28
|
|
And
|
Mill
|
198
|
232.5
|
34.5
|
0.61
|
0.423
|
0.237
|
1.92
|
66
|
32
|
|
OPM-22-177
|
Mill
|
151.5
|
213
|
61.5
|
0.44
|
0.272
|
0.191
|
2.09
|
207
|
37
|
|
Incl.
|
Mill
|
193.5
|
213
|
19.5
|
0.99
|
0.652
|
0.448
|
3.36
|
103
|
39
|
|
OPM-22-178
|
Springer
|
15
|
96
|
81.0
|
0.31
|
0.21
|
0.092
|
1.80
|
207
|
30
|
|
OPM-22-179
|
Mill
|
135
|
220.5
|
85.5
|
0.60
|
0.322
|
0.388
|
1.27
|
56
|
32
|
|
OPM-22-180
|
Springer
|
50.6
|
56
|
5.4
|
2.11
|
1.728
|
0.244
|
18.34
|
412
|
67
|
|
And
|
Springer
|
100.5
|
122.6
|
22.1
|
0.95
|
0.736
|
0.187
|
5.63
|
209
|
67
|
|
OPM-22-181
|
Springer
|
165
|
208.5
|
43.5
|
0.37
|
0.253
|
0.133
|
1.39
|
68
|
37
|
|
And
|
Springer
|
330
|
339
|
9.0
|
0.37
|
0.271
|
0.07
|
2.22
|
109
|
53
|
|
And
|
Springer
|
382.5
|
412.5
|
30.0
|
0.55
|
0.145
|
0.553
|
2.27
|
301
|
50
|
|
OPM-22-182
|
Springer
|
181.5
|
196.5
|
15.0
|
0.39
|
0.299
|
0.049
|
2.03
|
67
|
60
|
|
And
|
Springer
|
261
|
273
|
12.0
|
0.76
|
0.125
|
0.739
|
2.53
|
4141
|
36
|
|
And
|
Springer
|
354
|
360
|
6.0
|
0.86
|
0.662
|
0.153
|
5.73
|
200
|
69
|
|
*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 and
US$23.90 and US$1.20 respectively. Note that the assays have not
been capped.
|
Update on Current Drill
Program
The current drill program is designed to expand the in-pit
current NI 43-101 compliant 81.7M
tonnes @ 0.88% CuEq of Measured and Indicated Mineral Resources and
21.4M tonnes @ 0.73% CuEq of Inferred
Mineral Resources (2021 MRE). As of June 26th, a total of 30,454.5 metres of drilling
in 114 holes have been completed on the property since the
publication of the 2021 MRE. A total of 19,269 samples have been
collected and results have been received for 11,592
samples.
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 the 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.
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 information and updates on QC Copper and Gold, please
visit: www.qccopper.com
And please follow us on Twitter @qccoppergold
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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.
