QC Copper and Gold Inc. (TSX-V:QCCU, OTCQB:QCCUF) has announced drill results from 11 holes with multiple wide stacked intersections of copper mineralization along with high gold grades near the southern edge Opemiska's conceptual open pit in Quebec, which included 2.5 grams per tonne (g/t) gold and 0.5% copper over 16.5 metres (m) from 111m.
The explorer and project developer said the results continue to confirm Opemiska's historical mine results and indicate that much higher gold grades can be found near the Gwillim Fault.
“Two of the highlighted intersections in hole 223 graded over 2.0 g/t gold and three of the highlighted intersections in hole 226 grading above 1.0 g/t gold,” QC Copper and Gold Vice President of Exploration Charles Beaudry said in a statement.
READ: QC Copper and Gold announces more high-grade copper and gold discovery from Opemiska project
“Our interpretation suggests that the mineralization is intimately related to Springer's inverted fold which was produced by drag folding along the Gwillim fault -- this view is supported by the historical mine data that shows over 60% of the assays above 10 g/t gold occur less than 300 metres from the Gwillim fault,” Beaudry added.
QC Copper also noted that hole 231 in the Mill Zone area (north of the starter pit) targeted the northern extension of Vein #20 at depth, intersecting 43.5m of 1.32% copper and 0.57 g/t gold, and is near hole 237, which intersected 67.5m of 0.25% copper and 0.24 g/t gold.
QC Copper 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, it 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 Sean at sean@proactiveinvestors.com