Quebec Precious Metals Corporation V.QPM

Alternate Symbol(s): CJCFF

Metals & Mining Gold

Quebec Precious Metals Corporation is a Canada-based gold explorer with a land position in the prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Eleonore gold mine. The Company focuses on advancing its Sakami gold project and its newly discovered, drill-ready Ninaaskuwin lithium showing on the Elmer East project. In addition, the Company holds a 68% interest in the Kipawa rare earths project located near Temiscaming, Quebec. The Sakami project consists of one large contiguous block of 281 mineral claims and includes the contiguous claims, which are located 90 km northwest of the Eleonore mine, 570 km north of Val-d'Or and 900 km northwest of Montreal. The Cheechoo-Eleonore Trend project lies about 24 km northwest of the Eleonore mine. The Elmer East project consists of 929 claims, which is located along a trend from the recent Patwon Prospect gold discovery made by Azimut Exploration Inc. It also holds interest in the Matheson Joint Venture project.

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Quebec Precious Metals Corporation

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Comment by tjw4on Dec 10, 2011 12:27am

345 Views

Post# 19309505

RE: Assays?

I concur.

Over the years in the mining industry I have consistently seen these Native Land agreements hammered out only when minerals are present, otherwise it is a waste of lawyer and subsequent filing fees if the land will not be developed.

Jr. Exploration companies do not like to waste money or devote time. If management thought the land wasn't worth developing they would simply put their shares on the market, pack up the drills and move a few miles down the road and buy back some shares when the SP drops again.

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