QC Copper and Gold Inc. (TSX-V:QCCU, OTCQB:QCCUF) said it expects to announce a maiden resource for the Opemiska Project in Chapais, Quebec in mid-September this year, as it posted final assays from this summer's diamond drilling program.
"Today's results drilled to the east, and outside of the Perry conceptual pit, demonstrate the continuation of Springer/Perry mineralization towards the east," said Charles Beaudry, director and vice-president of exploration.
"While drilling is limited in this new zone, it represents core focus for future expansion of our upcoming resource. Other key sources of exploration upside include the immediately adjacent Cooke-Robitaille projects and numerous targets along the Beaver Lake Fault corridor which is analogous to the highly-productive #3 vein at the Springer mine," he added.
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Highlight drill results included an interval of 110 meters (m) grading 0.65% copper-equivalent (CuEq) starting at 34.5m depth in a hole on the periphery of past-producing Perry mine. The intersection included an interval of 36m which assayed 1.62% CuEq.
The Opemiska property covers 12,782 hectares and covers the past producing Springer, Perry, Robitaille and Cooke mines, which were previously owned and operated by Falconbridge between 1953-1991.
The project hosts excellent on-site infrastructure, including a power station and direct access to Highway 113 and the Canadian National Railway (NYSE:CNI).
Contact the author at giles@proactiveinevstors.com