QC Copper and Gold Inc has highlighted the gold potential of its Opemiska asset in the Chibougamau district of Quebec after recent drill finds.
In July this year, the group reported a wide high-grade gold intersection in one hole on the edge of Vein No 2 at the Springer mine, namely nine metres (m) at a grade of 18.3 grams per ton (g/t), the company pointed out in a statement.
The style of mineralization here is distinct from the high gold-copper veins historically mined in the south part of the springer mine, near the Gwillim Fault.
READ: QC Copper and Gold says it is poised to announce maiden resource for Opemiska project this month
"While Opemiska is a copper-dominated system, the project has historically produced significant gold credits," said Charles Beaudry, the director and vice-president of exploration at QC Copper & Gold.
"We anticipate potential gold credits will play an important role in further enhancing the Opemiska's project economics in a future development scenario."
Opemiska spans 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.
Another hole, reported on September 7 this year, collared on the south limit of the Springer Mine conceptual pit, returned 133.6m grading 0.7% copper-equivalent and included a 1.5m sample assaying 17.6 g/t gold, from a depth of 27m.
"There is no doubt that gold at Opemiska is both associated with copper veins and enriched near the Gwillim on the one hand and occurs remobilized in low copper-gold veins throughout the Springer and Perry Mines and we will use this knowledge to explore the project area over the 13 km of prospective Gwillim Fault structure," added Beaudry.
Contact the writer at giles@proactiveinvestors.com