QC Copper and Gold Inc. (TSX-V:QCCU, OTCQB:QCCUF) has reported new assay results from its current drill program on the Opemiska Copper-Gold Property.
It said Holes 209, 211, and 214, were drilled in the Gap Zone between Vein #1 and Vein #3 and include Vein #2. These holes intersected wide zones of copper/gold mineralization that are present as stacked zones and each hole successfully traversed open stopes and therefore do not include the high-grade mined-out vein material but only their lower-grade envelopes.
Other unnamed veins, too narrow for underground mining, were also encountered. As a result, much of the material reported here was not included in Opemiska's 2021 Mineral Resource Estimate (MRE). The Gap Zone is in the Starter Pit area that demonstrated higher grades and lessor strip ratio in the MRE.
READ: QC Copper and Gold reports promising drill assays from Opemiska Copper-Gold Property in Quebec
Highlights of the Gap Zone results include:
OPM-22-209
- 0.38% copper (Cu) and 0.38 grams per ton (gpt) gold (Au) over 39.5 metres (m) - from 86.5m to 126m
- 0.75% Cu and 1.34 gpt Au over 13.6m - from 198m to 211.6m
OPM-22-211
- 0.42% Cu and 0.18 gpt Au over 28.5m - from 51m to 79.5m
- 0.62% Cu and 0.23 gpt Au over 54.0m- (from 234m to 238m
OPM-22-214
- 0.36% Cu and 0.23 gpt Au over 42.8m - from 35.2m to 78m)
- 1.49% Cu and 1.29 gpt Au over 3.5m - from 120m to 123.5m)
QC Copper also said it will be switching its assay reporting format from copper equivalent grades individual metal concentrations.
The company said it believes this format more accurately reflects the true metal content as it avoids variable and subjective inputs like the price of metal and foreign exchange calculations.
QC Copper and Gold is focused on acquiring and developing copper projects in the Chibougamau region that share synergies with its past-producing Opemiska Copper Mine Complex. Through acquisitions, QC Copper has been able to expand its Opemiska property to over 13,000 hectares in the heart of Quebec–with significant infrastructure, including direct rail and road access, already in place.
Contact the author at jon.hopkins@proactiveinvestors.com