QC Copper Acquires Stake In Roger Gold Project

QC Copper and Gold (TSXV: QCCU) has expanded its holdings in the Chibougamau District of Quebec. The firm this morning announced that it has acquired a 50% stake in the Roger Gold-Copper project in the region, with the other 50% of the project currently held by a subsidiary of Investissement Quebec.

The Roger gold project is reportedly an advanced-stage exploration project that houses an NI 43-101 compliant resource estimate at the Roger gold-copper deposit via a pit-constrained model. Completed in August 2018, the resource estimate outlines indicated resources of 333,000 of gold equivalent ounces at 0.85 g/t gold, 0.80 g/t silver and 0.06% copper. An estimate of 202,000 ounces of gold equivalent at 0.75 g/t gold, 1.18 g/t silver, and 0.11% copper also exists on the property.

The project is 987 hectares in size, located within the Abitibi greenstone belt while reportedly having all-season road access. The project as a whole has seen drilling of 58,000 metres.

The 50% stake in the firm was acquired from that of Pasofino Gold for total consideration of $2.2 million. Consideration is to consist of $1.0 million in cash and the issuance of 5.5 million shares.

QC Copper last traded at $0.18 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Steadright To Conduct Multi-Phased Exploration At Historic Goundafa Polymetallic Mine

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Related News

Is It Time To Audit Fort Knox?

Calls for a new audit of Fort Knox have surged in recent weeks, reviving a...

Saturday, February 22, 2025, 07:35:00 AM

TDG Gold Reports Indicated Resource Estimate Of 54.3 Moz At 117 G/T Silver Equivalent At Nueva Esperanza

TDG Gold Corp. (TSXV: TDG) reported this morning the results of the mineral resource estimate...

Thursday, July 8, 2021, 10:46:00 AM

Soma Gold Reports Gold Production Of 1,663 Ounces For January

Soma Gold (TSXV: SOMA) this morning reported product results for its Operado subsidiary this morning....

Wednesday, February 3, 2021, 07:54:03 AM

Your Next African Gold Mining Champion | Peter Marrone – Allied Gold

In this interview, Peter Marrone, CEO of Allied Gold (TSX: AAUC), outlines the company’s growth...

Saturday, February 1, 2025, 11:34:00 AM

$5,000 Gold Next Year Is Now Realistic?! | Ryan Snow – i-80 Gold Corp

Ryan Snow, CFO of i-80 Gold Corp. (TSX: IAU) (NYSE: IAUX), walks through how they’re...

Saturday, September 27, 2025, 03:23:00 PM