QC Copper and Gold Inc. (TSXV: QCCU) has released the company’s assay results from its recently completed drill program on its Opemiska Copper-Gold project within the Chibougamau-Chapais mining district. The results from the Saddle Zone, with drilling having been located between the Opemiska’s Springer and Perry Mines.
QC has stated that this newly discovered mineralization was not contained in the company’s geological model, and that the results could lead to the consolidation of the Springer and Perry pits into a single open pit.
Highlight drill results include:
- Hole OPM-21-51: 138.0 meters of 0.48% copper equivalent, including 76.5 meters of 0.78% copper equivalent as well as 27.8 meters of 1.40% copper equivalent.
- Hole OPM-21-50: 40.1 meters of 0.71% copper equivalent
- Hole OPM-21-49: 39.6 meters of 0.50% copper equivalent
The company made a point to place emphasis on the significance of the discovery of the saddle zone resource on their flagship Opemiska Copper-Gold project. Results come from four holes drilled in what was previously believed to be a “dead zone” on the property between the two mines on the property, where the company has now found strong mineralization.
The firms has now completed its 20,000 metre drill program on the property, with drill cores now shipped to assay labs. Final results are expected to be returned in roughly four weeks. The company expects to publish a mineral resource for the property in August as a result.
QC Copper and Gold Inc. last traded on the TSXV at CAD$0.18.
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.
