QC Copper and Gold unveils plans for upcoming 6,000 metre drill campaign at Opemiska
The planned 6,000-metre program will act as a precursor to a much larger campaign, according to QC
Company
CVE:QCCU
XXIX is advancing its Opemiska and Thierry Copper projects, two significant Canadian copper assets. The Opemiska Project, one of Canada's highest-grade open pitable copper deposits, spans 21,333 hectares in Quebec's Chapais-Chibougamau region, with strong infrastructure and nearby access to the Horne Smelter. A June 2025 resource update reported a pit constrained resource of 62.7 million tonnes at 1.04% CuEq (Indicated) and 78.4 million tonnes at 0.41% CuEq (Inferred). The Thierry Project hosts two past-producing open pits that transitioned to underground mining. Historically, copper concentrate was shipped to the Horne Smelter in Rouyn-Noranda, QC. Significant infrastructure is already in place, with the Thierry property being accessible via all-season road, an airport within 5km, a provincial power grid within 8km, and nearby rail. With these two high-potential projects, the company has solidified its position as a key player in the Canadian copper sector and has established itself as one of Eastern Canada's largest copper developer.
62 stories · page 3 of 4
The planned 6,000-metre program will act as a precursor to a much larger campaign, according to QC
QC Copper and Gold will now offer 10.1 million shares that will qualify as "flow-through shares" at a price of $0.60 per flow-through share
On completion of the sale, QC Copper will retain 10,714,287 shares in Baselode which the company will continue to hold for investment purposes
It said the initial mineral resource firmly establishes Opemiska as a unique and attractive project backed by a team focused on additional mineral resource growth, aggressive exploration of local exploration targets and advancing Opemiska t
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
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
As part of these scholarships, QC Copper & Gold will be awarding a $2,000 scholarship to a student leader looking to pursue a career in the mining industry who has demonstrated academic success and a commitment to preserving Indigenous lang
The Saddle zone is a previously unmined structural corridor, which lies between the Springer and Perry conceptual pits at the property
Drill results were returned from Opemiska's Mill Zone, which included 23 metres of 1.58% copper equivalent
The company said the drill results, which included 76.5 metres of 0.78% copper equivalent, “clearly indicate that this (Saddle) Zone contains significant mineralized intervals”
The company is buying the stake from Pasofino Gold Ltd, while the other 50% interest remains with SOQUEM - a subsidiary of Investissement Québec
The assays come from the first nine holes of the program, which is now 90% complete
The project covers 12,782 hectares and covers the past producing Springer, Perry, Robitaille and Cooke mines, owned and operated by Falconbridge
The company will pay C$2 million for the property, consisting of $1 million in cash and 5.5 million QC Copper shares
As of March 8, 23 holes have been completed with a total of 5,125m drilled and 1,907 samples sent to the lab for assaying
As of February 21, 18 holes have been completed and a total of 3,600 metres drilled
It is a 20,00m program and, as of February 11, nine holes had been completed for 2,196m
The drill program comprises 75 drill holes distributed between the Opemiska Project's Springer and Perry mines to delineate a near-surface, in-pit mineral resource
The Toronto-based company is anticipating drilling around 75 holes on the 12,782-hectare property
The firm said it intends to use the net proceeds from the sale of units towards its exploration and development work on the Opemiska Copper Project in Chapais, Quebec, and for general corporate and working capital purposes