Highlights include:
- 43.5 metres at 0.67% Copper Equivalent
- 40.5 metres at 0.62% Copper Equivalent
- 166.5 metres at 0.32% Copper Equivalent
- 150 metres at 0.30% Copper Equivalent
TORONTO, June 1, 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 60,000 metre drill
program on Opemiska. The headline intersections are from hole
OPM-22-164 and OPM-22-169, respectively and were both from the
southern part of the Springer pit. These holes expand the
in-pit Current NI 43-101 compliant 81.7M tonnes @ 0.88% CuEq of Measured and
Indicated Mineral Resources and 21.4M
tonnes @ 0.73% CuEq of Inferred Mineral Resources (2021 MRE).
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-22-164
|
Springer
|
269.5
|
436.0
|
166.5
|
0.32
|
0.19
|
0.155
|
1.22
|
59
|
35
|
OPM-22-169
|
Springer
|
174.0
|
217.5
|
43.5
|
0.67
|
0.44
|
0.244
|
2.47
|
102
|
73
|
OPM-22-152
|
Vein#2
|
144.0
|
159.0
|
15.0
|
0.83
|
0.72
|
0.092
|
3.12
|
86
|
38
|
OPM-22-154
|
Springer
|
63.0
|
103.5
|
40.5
|
0.62
|
0.35
|
0.332
|
1.99
|
97
|
60
|
OPM-22-156
|
Vein#2
|
277.5
|
282.0
|
4.5
|
1.44
|
1.24
|
0.119
|
7.83
|
89
|
68
|
OPM-22-158
|
Springer
|
7.5
|
159.0
|
151.5
|
0.26
|
0.17
|
0.068
|
1.59
|
165
|
51
|
OPM-22-159
|
Springer
|
30.0
|
160.5
|
130.5
|
0.20
|
0.07
|
0.13
|
1.47
|
356
|
30
|
OPM-22-160
|
Vein#2
|
21.0
|
43.5
|
22.5
|
0.33
|
0.22
|
0.105
|
1.64
|
32
|
35
|
OPM-22-161
|
Vein#2
|
46.5
|
96.0
|
49.5
|
0.42
|
0.33
|
0.06
|
2.61
|
100
|
39
|
OPM-22-161
|
Vein#2
|
139.5
|
145.5
|
6.0
|
0.62
|
0.52
|
0.06
|
3.08
|
59
|
44
|
OPM-22-162
|
Saddle
|
69.0
|
84.0
|
15.0
|
0.84
|
0.60
|
0.273
|
3.68
|
104
|
56
|
OPM-22-163B
|
Saddle
|
91.5
|
115.5
|
24.0
|
0.50
|
0.39
|
0.104
|
2.39
|
46
|
33
|
OPM-22-165
|
Saddle
|
162.0
|
1181.5
|
19.5
|
0.65
|
0.51
|
0.128
|
2.12
|
88
|
50
|
OPM-22-166
|
Saddle
|
66.0
|
76.5
|
10.5
|
0.28
|
0.19
|
0.08
|
1.61
|
76
|
35
|
OPM-22-167
|
Springer
|
31.5
|
43.5
|
12.0
|
0.71
|
0.54
|
0.179
|
2.63
|
65
|
38
|
OPM-22-167
|
Springer
|
181.5
|
192.0
|
10.5
|
1.24
|
0.42
|
1.128
|
4.51
|
42
|
115
|
OPM-22-168
|
Saddle
|
150.0
|
166.5
|
16.5
|
0.72
|
0.63
|
0.06
|
2.96
|
101
|
40
|
OPM-22-169
|
Springer
|
9.0
|
30.0
|
21.0
|
0.29
|
0.07
|
0.149
|
0.79
|
54
|
23
|
OPM-22-169
|
Springer
|
57.0
|
69.0
|
12.0
|
0.54
|
0.43
|
0.107
|
1.85
|
66
|
41
|
OPM-22-170
|
Saddle
|
93.0
|
99.0
|
6.0
|
0.44
|
0.34
|
0.073
|
2.13
|
103
|
41
|
OPM-22-171
|
Vein#2
|
87.0
|
237.0
|
150.0
|
0.30
|
0.23
|
0.045
|
1.11
|
55
|
47
|
Including
|
Vein#2
|
183.0
|
208.5
|
25.5
|
0.93
|
0.74
|
0.183
|
3.0
|
95
|
65
|
OPM-22-172
|
Springer
|
256.5
|
301.5
|
45.0
|
0.31
|
0.20
|
0.088
|
1.84
|
102
|
51
|
*
|
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.
|
"These results are all within the conceptual open pit 2021 MRE,
specifically from the Saddle Zone, Vein #2 and from the south side
of Springer. The broad intersections continue to confirm wide
mineralized intervals surrounding historical stopes, thus
confirming our thesis that significant mineralization, currently
defined as waste, exists inside the pit. We are confident that with
this and further drilling, we will be able to significantly reduce
the stripping ratio defined by our conceptual pit. In addition,
these results indicate that the Saddle Zone is larger than we
estimated in our mineral resource estimate and that the Saddle Zone
may extend southward to Vein #2," said Charles Beaudry, Director and Vice President of
Exploration for QC Copper,
Update on Current Drill
Program
As of May 29th, a total of 24,733
metres of drilling over 96 holes have been completed on the
property since the publication of the 2021 MRE.
QP Statement
The technical information contained in this news release has
been reviewed and approved by Charles
Beaudry, P.Geo and géo., 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 the 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
And please follow us on Twitter @qccoppergold
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.