- 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 go., 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
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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.
For further information: To speak to the Company directly, please contact, Stephen Stewart, Chief Executive Officer, Phone: 416.644.1567, Email sstewart@qccopper.com