QC Copper and Gold (TSXV: QCCU; OTC: QCCUF) has released new assay results from its ongoing drilling program on the Opémiska project, located in Chapais-Chibougamau, Quebec.
The majority of the newly reported intersections are in the Saddle Zone, a critical expansion zone for the open pit mine. This area was never mined and existed between the old Springer and Perry mines previously mined by Falconbridge.
Several drill holes returned wide intervals of copper mineralization, highlighted by an intersection of 93 meters at 0.45% copper equivalent from 6 meters downhole. Another returned 100 meters at 0.42% copper equivalent from 60 meters downhole.
“We are pleased to see the continued style of broad mineralization in the Saddle Zone, as this zone is important for increasing tonnage but also for optimizing the geometry of the open pit. Our thesis is that significant mineralization at the interior of the conceptual pit was not captured by the initial ore resource estimate released last fall,” said Charles Beaudry, director and vice president of exploration for QC Copper.
“Our recent drilling confirms that there is excellent potential for expansion by drilling the areas currently considered barren and converting them to the resource category. This current drilling is also complemented by a compilation of additional data from surface holes and underground,” added Beaudry.
To date, a total of 6,640 meters in 31 holes have been completed on the property for the winter 2022 drilling program.
As stated in the Pit Mineral Resource published in September 2021, Opémiska contains 81.7 million tonnes measured and indicated at 0.65% copper and 0.31 g/t gold, for 1.2 million pounds of copper and 815,600 oz. of gold (1.6 billion pounds of copper equivalent). It also contains 21.4 million tonnes inferred grading 0.51% copper and 0.30 g/t gold (0.73% copper equivalent), for 345.8 million pounds of copper equivalent.
QC Copper has also identified a potential high-grade starter pit of 10.6 million tonnes grading 1.26% copper equivalent.
The current phase of drilling is focusing on areas that have not yet demonstrated geological continuity in order to increase the resource base within the conceptual pit framework. It is also designed to better define low-grade envelopes around exhausted stopes.
More details are available at www.QCCopper.com.