QC Copper and Gold Inc QCCUF

Primary Symbol: V.QCCU

Metals & Mining Industrial Metals & Minerals

QC Copper and Gold Inc. is engaged in the exploration, development and production of exploration and evaluation assets in Canada. It is focused on developing copper projects in the Chapais-Chibougamau region. The Company’s projects include Opemiska Copper-Gold Property and Roger. The Company's Opemiska Copper-Gold Property is located immediately adjacent to the Town of Chapais and is road accessible with the paved Quebec Highway 113 transecting the Property. The Property is located 40 kilometers (km) west of the Town of Chibougamau and 480 km north of the City of Montreal, Quebec. The Roger project is located approximately five kilometers northwest of Chibougamau, which covers an area of approximately 987-hectares. The Company also owns a 10% interest in the Thierry Copper Mine. Thierry spans 4,670 hectares across 27 mineral leases. The property hosts two past producing open pits that transitioned to underground mining.

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QC Copper and Gold Inc

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Post by BSdetector2016on Jan 08, 2024 9:02am

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Post# 35815296

Updated Mineral Resource Estimate

It's good folks!

https://www.newsfilecorp.com/release/193396/QC-Copper-Presents-Canadas-Highest-Grade-Open-Pit-Copper-Deposit-with-Opemiskas-Updated-Mineral-Resource-Estimate

Highlights include:

Mineral Resource in Measured and Indicated Mineral Resources of 2.09 billion lbs of copper equivalent contained in 97.5 million tonnes or
- 1.75 billion lbs of copper,
- 845 thousand ounces of gold,
- 5.5 million ounces of silver

Additionally, Inferred Mineral Resources of 157 million lbs of copper equivalent contained in 11.0 million tonnes,
- 127 million lbs of copper,
- 70 thousand ounces of gold
- 907 thousand ounces of silver

Grade and Mineral Resource Increase: Achieved a remarkable 26% increase in the Copper total grade, an 11% increase in CuEq total grade, and a 16% rise in CuEq pounds compared to the 2021 Measured and Indicated Mineral Resource Estimate.
Significant Starter Pit: A sizable starter pit comprises 19.1 million tonnes at 1.1% CuEq, all in the Measured and Indicated Mineral Resources categories.
Favorable Metallurgy: Preliminary test work has confirmed very favorable metallurgical characteristics.
Expansion Potential: Confirmed potential for Opemiska's expansion within the pit, at depth with an out-of-pit (underground) mining scenario, and growth of the satellite pits to the east, as well as in proximity to the Cooke and Robitaille Mines.