- Two in-pit ~100 metre intersections at twice the CuEq cut
off grade
- Drilling focused on converting waste into open-pit
mineralization
- Most Reported Holes are in Saddle Zone, which is unmined and
open for expansion
TORONTO, March 16, 2022 /CNW/ - QC Copper and Gold Inc.
("QC Copper" or the "Company") (TSXV: QCCU) (OTCQB:
QCCUF) is pleased to announce new assay results from its ongoing
drill program on Opemiska. The majority of these reported
intersections are within the Saddle Zone, a critical expansion area
for the open pit. The Saddle Zone was never mined and existed in
between the former producing Springer and Perry mines.
Several holes returned wide copper mineralized intervals,
including OPM-21-123: 93 metres at .45% CuEq starting at 6
metres downhole, and OPM-22-126: 100 metres at .42% CuEq starting
at 60 metres downhole. Click here to view these reported
holes in plan and cross-section format.
"We are pleased to see the continued style of broad
mineralization within the Saddle Zone as this area is important for
increasing tonnage but also optimizing the open-pit geometry. Our
thesis is that significant mineralization inside the conceptual pit
was not captured by the initial mineral resource estimate published
last fall. Our recent drilling confirms that there is excellent
expansion potential by drilling the areas currently counted as
waste and converting these into the resource category. This current
drilling is also being complemented by additional data compilation
from surface and underground holes, said Charles Beaudry, Director and Vice President of
Exploration for QC Copper."
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-21-123
|
South
Springer
|
6.0
|
99.0
|
93.0
|
0.45
|
0.304
|
0.136
|
2.93
|
346
|
44
|
|
OPM-22-125
|
Saddle
Zone
|
276.0
|
283.5
|
7.5
|
1.84
|
1.525
|
0.262
|
9.0
|
324
|
86
|
|
OPM-22-125
|
and
|
321.0
|
324.0
|
3.0
|
0.65
|
0.179
|
0.2588
|
3.05
|
525
|
86
|
|
OPM-22-126
|
Saddle
Zone
|
60.0
|
160.5
|
100.5
|
0.42
|
0.342
|
0.042
|
1.966
|
107
|
48
|
|
OPM-22-127
|
Saddle
Zone
|
87.0
|
112.5
|
25.5
|
0.31
|
0.249
|
0.042
|
1.435
|
59
|
37
|
|
OPM-22-128
|
Saddle
Zone
|
84.1
|
96.1
|
12.0
|
1.13
|
0.887
|
0.177
|
8.113
|
141
|
61
|
|
OPM-22-128
|
including
|
66.0
|
96.0
|
30.0
|
0.55
|
0.42
|
0.083
|
3.92
|
257
|
71
|
|
OPM-22-128
|
and
|
225.0
|
243.0
|
18.0
|
0.21
|
0.161
|
0.014
|
1.667
|
73
|
32
|
|
OPM-22-128
|
and
|
337.5
|
352.5
|
15.0
|
0.24
|
0.112
|
0.139
|
1.17
|
87
|
42
|
|
*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.
|
The composite intervals are quoted "as is" and do not
necessarily represent true widths of mineralization. However within
the deposit there are veins in several directions and these
reported holes are all drilled to the south to intersect the
east-west trending veins which dip to the north and suggests the
intervals are near true width.
Update on Current Drill Program
As of March 13th a total of 6,640 metres in
31 holes have been completed on the property for the winter 2022
drilling program.
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. 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
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.