QC Copper and Gold Inc.(CVE:QCCU) (OTCMKTS:QCCUF) has reported assays from the first three diamond drill holes of a planned 75, at its Opemiska project's Springer mine in Quebec, ahead of a near surface, pit-constrained resource estimate earmarked for later this year.
The project covers 12,782 hectares and covers the past producing Springer, Perry, Robitaille and Cooke mines, owned and operated by Falconbridge, and as of April 10, this year, 11,460 metres (m) of drilling had been achieved with 56 holes either completed or in progress.
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"The observed mineralization in this program's drill core is very consistent with our expectations, and with assays now starting to arrive, our expectation is for batch results to arrive once or twice a week until the end of program," said Charles Beaudry, vice-president (VP) of exploration and director of QC Copper and Gold Inc.
"We are entering break-up conditions on the Opemiska property, but fortunately we planned the program so that all the holes drilled during this period are on high ground, which should allow us to drill right through to summer conditions with minimal disruptions."
Highlight drill results included 126m (starting at 51m depth) of 0.44% copper equivalent in one hole. This included an intersection 55.5m of 0.64% copper equivalent, and a separate intersection of 7.5m of 1.28% copper equivalent.
Another hole hit 76.5m of 0.54% copper equivalent and a separate intersection of 18m of 0.80% copper equivalent.
QC Copper noted that it was submitting samples to the laboratory for assays of copper, gold, silver, zinc and cobalt, all of which are known to occur in "significant concentrations" in the Springer and Perry mines.
The current program is over 55% completed and is averaging over 200m per day, with two drills operating 24 hours day, the company added.
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