TORONTO, March 8, 2021 /CNW/ - QC Copper and Gold
Inc. ("QC Copper" or the "Company") (TSXV: QCCU) is
pleased to report that the Opemiska drill program is exceeding
planned performance milestones. As of the 8th of March,
23 holes have been completed with a total of 5,125m drilled and a total of 1,907 samples have
been sent to the laboratory for assaying. Additionally
modelling of the geology and mineralization continues to be
validated.
"We are very pleased with this work performance and
progress. The results so far attest to the robustness of the
digital model of the historic copper deposit mineralization and
infrastructure which goes towards increasing the reliability of the
dataset and delivering a maiden mineral resource estimate (MRE) and
followed, if favourable, by a preliminary economic analysis (PEA),"
said Charles Beaudry, Director and
VP Exploration of QC Copper and Gold Inc.
The Company is also pleased to announce that it has appointed
Philippe Cloutier, President &
CEO of Cartier Resources ("Cartier"), as an independent director of
the Company.
Mr. Cloutier, P.Geo holds a B.Sc. in Geology, a certificate in
Human Resource Management and has over 35 years of experience in
the mining exploration and development business. Mr. Cloutier has
previously worked for industry leaders such as Noranda Inc., Aur
Resources Inc., and Soquem. Mr. Cloutier played a lead role in
discovering and delineating the Bell-Allard South Cu-Zn Mine in
Matagami, Quebec. He has served as
Chairman of the AEMQ and a member of the Order of Geologist
professional inspection committee. He is the founder of
Cartier Resources, for which he is a director and president and
CEO.
"We are pleased to welcome Mr. Cloutier as the newest member of
the Board. Philippe brings a wealth of experience in exploring
projects in Quebec, along with
professional and business relationships within and outside of
Quebec. He joins our efforts in
advancing the Opemiska Copper Complex to the next level." says
Stephen Stewart, CEO of QC Copper
and Gold Inc.
In accordance with the Corporation's Stock Option Plan, QC
Copper announces a total of 500,000 incentive options have been
granted to directors. The option's exercise price
is $0.225 per share, and they are exercisable for five
years from the date of issue.
About the Opemiska Copper Complex
The Opemiska Copper
Complex is located adjacent to Chapais,
Quebec, within the Chibougamau region. Opemiska is also within
the Abitibi Greenstone belt and within the boundaries of the
Province of Quebec's Plan Nord, which promotes and funds
infrastructure and development of natural resource projects. The
Opemiska property covers 12,782 hectares and covers the past
producing Springer, Perry, Robitaille and Cooke mines, owned and
operated by Falconbridge. The project has the ideal in-place
infrastructure, including a power station and direct access to
Highway 113 and the Canadian National Railway.
QP Statement
The technical information contained in this news release has
been reviewed and approved by Charles
Beaudry, P.Geo and géo., Director and Vice President
Exploration for QC Copper and Gold Inc., and a Qualified Person as
defined in "National Instrument 43-101, Standards of Disclosure for
Mineral Projects."
Forward-Looking Statements
Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. QC Copper and Gold Inc. assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to QC Copper and Gold Inc. Additional information
identifying risks and uncertainties is contained in filings by QC
Copper and Gold Inc. with Canadian securities regulators, which
filings are available under QC Copper and Gold Inc. profile
at www.sedar.com.
SOURCE QC Copper & Gold Inc.