Q Metals Permits for Diamond Drilling McKenzie East Gold Project, Val-d'Or, Quebec
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VANCOUVER, BC / ACCESSWIRE / March 13, 2024 / Q Battery Metals Corp. ("Q Battery Metals" or the "Company) (CSE:QMET)(FRA:0NB)(OTC PINK:BTKRF) is pleased to announce that drill permits are expected to be provided within 1 to 2 weeks to allow for a Phase II of diamond drilling on the McKenzie East gold property located north of Val d'Or, Quebec. The permit will allow for the construction of 15 drill pads with supporting access.
From 2020 to 2021 Q Battery completed an Induced Polarization (IP) electrical survey, a MMI soil sampling survey, and a drone-supported airborne magnetic survey, outlining drilling targets on the McKenzie East. In early 2021, Q Battery completed an eight-hole diamond drilling program as an initial testing of targets on the property. A total of 548 core samples were shipped to ALS Lab in Val d'Or, Quebec, for analysis. Results included 1.185 grams per tonne gold (gpt Au) over 1 metre from hole MKE-21-01. As well, several Intercepts containing > 0.5 gpt were returned from holes MKE-21-03, MKE-21-06 and MKE-21-08 (see news release dated July 13, 2021).
The results of the early 2021 eight-hole diamond drilling program indicate that gold is present within veins and altered rock cored on the McKenzie East claims. A Phase II program, currently in the permitting process, will continue to test the zone cored by holes MKE-21-03, 04, and 08, as well as testing other targets delineated from ground and airborne surveys conducted on the property from 2020 to 2023.
The Q Metals team is also preparing to return to the southern claim block of the McKenzie East property in order to follow-up potential for narrow high grade gold-bearing quartz veins sampled at the adjacent Maruska mineral showing (see Q Battery Metals news release dated November 28, 2023). However, the reader is warned that results obtained from adjoining properties are not direct indications for potential on the Q Battery Metals claims.
The McKenzie East Gold property is located adjacent to the McKenzie Break Project. Monarch Mining Corporation completed a gold resource estimate for the McKenzie Break in February 2021 with open pit and underground indicated resource of 145,982 ounces and inferred resource of 250,593 ounces gold. (NI43-101 Technical Evaluation Report on the McKenzie Break Property, February 11, 2021). Readers are warned that resources estimated on an adjoining property do not imply that similar resources or mineralization exist on the Black Tusk - McKenzie East property.
Q Battery Metals exploration programs undertaken in Quebec are supervised by Dr. Mathieu Piché, PhD, OGQ, with office located north of Val d'Or. He is also a Q Battery Metals company director. The company has
Perry Grunenberg, P.Geo, a "Qualified Person" as that term is defined under NI 43-101, has reviewed and approved the technical information in this news release
Cautionary Statement
This press release contains forward-looking statements based on assumptions as of that date. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties, including those described in the Company's Prospectus dated September 8, 2017 available on www.sedar.com. Accordingly, actual and future events, conditions, and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923
SOURCE: Q Battery Metals Corp.
View the original press release on accesswire.com
FAQ
When are drill permits expected for Phase II of diamond drilling on the McKenzie East gold property?
What were the results of the early 2021 diamond drilling program on the McKenzie East property?
Who is supervising the exploration programs on the McKenzie East Gold property?
What is the resource estimate for the McKenzie Break Project completed by Monarch Mining Corporation?
What cautionary statement is included in the press release?
