Friday, May 9, 2025

QC Copper Completes Purchase Of 50% Interest In Roger Gold-Copper Project

QC Copper and Gold Inc. (TSXV: QCCU) today reported that the company has closed on its acquisition of a 50% ownership interest in the Roger Gold-Copper project in the Chibougamau District of Quebec. The initial terms of the arrangement were previously announced by the firm.

Under the terms of the transaction, a 50% interest in the property was acquired from Pasofino Gold in exchange for $1.0 million in cash, and 1.2 million common shares of the company. The remainder of the property is currently held by Investissement Quebec.

The Roger gold-copper project most recently had a mineral resource estimate completed in August 2018, which was limited to a conceptual open pit shell. The property in total has seen 58,000 metres of drilling across its 987 hectare footprint.

The estimate outlines 10,900,000 metric tonnes at a grade of 0.85 g/t of gold, 0.80 g/t of silver and 0.06% of copper for a total of 333,000 ounces of gold-equivalent on an indicated basis, at a 0.45 g/t gold-equivalent cut off grade. The inferred resource meanwhile consists of 6,569,000 metric tonnes at a grade of 0.75 g/t of gold, 1.18 g/t of silver and 0.11% of copper, for a total of 202,000 ounces of gold equivalent.

QC Copper and Gold Inc. last traded at $0.22 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.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

Benton Resources Hits 8.79% Copper Over 6.03 Metres At Great Burnt

Benton Resources (TSXV: BEX) continues to hit high grade copper at its Great Burnt Copper...

Tuesday, January 16, 2024, 10:03:23 AM

NGEx Minerals Hits 0.56% Copper Over 876 Metres At Los Helados

NGEx Minerals (TSXV: NGEX) appears to be taking a page out of the Libero Copper...

Tuesday, April 26, 2022, 08:40:38 AM

Dore Copper Mining Announces $13.0 Million Bought Deal Financing

Dore Copper Mining Corp (TSXV: DCMC) this morning announced that it has entered into an...

Tuesday, May 18, 2021, 08:52:41 AM

Trump Plans To Impose Tariffs On Copper, Steel, Aluminum: What Could The Fallout Be?

The trade war is about to become more intense as the Trump administration eyes imposing...

Tuesday, January 28, 2025, 02:12:00 PM

Prime Meridian Enters Option Agreement For Cuatro Hermanos Copper Project

Prime Meridian Resources (TSXV: PMR) has formally entered into an option arrangement to acquire a...

Thursday, February 9, 2023, 11:22:46 AM