Quebec Precious Metals Continues Drilling at the Sakami Project

Rhea-AI Summary

Quebec Precious Metals Corporation (OTCQB:CJCFF) has resumed drilling at its 100% owned Sakami project in Quebec's Eeyou Istchee James Bay territory. The fall and winter drilling program, fully funded, aims to expand the mineralized zone at the La Pointe Extension deposit with plans for 10,000 meters across 25 holes. Drill results from the summer program are still pending. CEO Normand Champigny expressed enthusiasm for exploring rich mineralization at depth.

Positive

• Drilling has resumed at the Sakami project, potentially increasing mineral resources.
• The fully-funded drilling program involves 10,000 meters across 25 holes.

Negative

• Pending results from the summer drilling program can create uncertainty.

MONTREAL, QC / ACCESSWIRE / November 2, 2021 / Quebec Precious Metals Corporation ("QPM" or the "Company") (TSXV:QPM)(OTCQB:CJCFF)(FSE:YXEP) is pleased to announce that drilling has resumed at its 100% owned Sakami project in Quebec's Eeyou Istchee James Bay territory. The fully-funded fall and winter program has started and has been designed to expand the mineralized zone at the La Pointe Extension deposit with 10,000 m of drilling in 25 holes (see press release of June 9, 2021 ). Drill results from the summer program at the La Pointe deposit are still pending.

Normand Champigny, CEO of QPM, stated: "We are very excited about this next phase of drilling to test the richest and open at depth mineralization at the La Pointe Extension."

Qualified Person

Normand Champigny, Eng., Chief Executive Officer of the Company, Qualified Person under
NI 43- 101 on standards of disclosure for mineral projects, has prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation's Éléonore gold mine. QPM's flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM's goal is to rapidly explore the Project and to advance to the mineral resource estimate stage.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

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.

SOURCE: Quebec Precious Metals Corporation

View source version on accesswire.com:
https://www.accesswire.com/670710/Quebec-Precious-Metals-Continues-Drilling-at-the-Sakami-Project

FAQ

What is the latest news on Quebec Precious Metals Corporation (CJCFF)?

Quebec Precious Metals Corporation has resumed drilling at its Sakami project in Quebec, with a focus on the La Pointe Extension deposit.

How much drilling is planned at the Sakami project?

The company plans to conduct 10,000 meters of drilling in 25 holes at the Sakami project.

When did drilling resume at the Sakami project?

Drilling resumed on November 2, 2021, as part of a fully funded fall and winter program.

What is the significance of the drilling at La Pointe Extension?

The drilling aims to expand the mineralized zone and test for richer mineralization at depth.

Are drill results from the summer program available?

No, drill results from the summer program at the La Pointe deposit are still pending.