QC Copper Provides Corporate and Technical Update
QC Copper has provided a corporate and technical update for its Opemiska Copper Project. The company is conducting a scoping study as part of preliminary economic assessments, focusing on optimizing mine plans and production rates to enhance the project's economics. A diamond drill program is prepared within the MRE pit area, aimed at defining additional resources.
Historical data compilation at Cooke & Robitaille mines is nearly complete, with the goal of understanding mineralization and identifying high-potential drill targets. QC Copper has also received significant interest from potential strategic partners and will host site visits in Summer/Fall 2024. The company continues to explore growth opportunities to establish itself as a leading copper exploration firm in Canada.
- Initiation of a scoping study for the Opemiska Copper Project to inform the Preliminary Economic Assessment.
- Preparation of a diamond drill program to define additional resources in the MRE pit area.
- Historical data compilation at Cooke & Robitaille nearing completion, aimed at identifying high-potential drill targets.
- Significant interest received from potential strategic partners.
- Hosting of site visits for interested strategic parties in Summer/Fall 2024.
- None.
Highlights:
A Scoping Study is underway as a part of engineering studies that will inform the Opemiska Preliminary Economic Assessment.
Preparation of a drilling program within the MRE pit focused on areas with lower information density
Current historical data compilation at Cooke & Robitaille to understand mineralization and identify high-potential drill targets
QC Copper continues to receive and evaluate potential strategic interests
Toronto, Ontario--(Newsfile Corp. - July 2, 2024) - QC Copper and Gold Inc. (TSXV: QCCU) (OTCQB: QCCUF) ("QC Copper" or the "Company") is pleased to announce corporate updates and updates about its flagship Opemiska Copper Project ("Opemiska").
General Corporate Update
Since the release of the MRE in January 2024 and subsequent appointment of Guy Le Bel as President of the Company in February 2024, QC Copper has focused on increasing its presence within the Chapais community, and interactions with Chapais leadership. QC Copper is intent on fostering positive community relationships and be good, socially responsible operators.
Preliminary Economic Assessment
In preparation for a preliminary economic assessment (the "PEA"), QC Copper has commenced initial engineering studies at Springer and Perry, the current extent of Opemiska's 2.204 billion pound copper equivalent resource. Engineering studies include evaluating mine plan scenarios and optimizing pit shells, production, and processing rates to maximize Opemiska's economics and mitigate impacts on the town of Chapais.
As part of the studies, QC Copper has prepared a diamond drill program within the MRE pit area to define additional resources and confirm a new structural interpretation in the Saddle Zone.
Cooke & Robitaille
The Company is near the completion of compiling historical drilling and geological data on Cooke & Robitaille, the third and fourth mine that comprises the Opemiska, to further understand the mineralization and geological controls and design a drill program with high-potential targets. Cooke & Robitaille are past-producing mines and represent the potential to increase Opemiska's current resource, with the Company intersecting
Location of Cooke & Robitaille
Strategic Partnerships and Growth Opportunities
With the release of the MRE in January 2024, QC Copper has received significant interest from corporates and potential strategic partners. As such, QC Copper will be hosting site visits for interested strategic parties this Summer/Fall 2024. Additionally, the Company continues to evaluate growth opportunities on an asset level as well as a corporate level to establish itself as Canada's preeminent copper exploration company.
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 & Gold, a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."
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To speak to the Company directly, please contact:
Stephen Stewart, Chief Executive Officer
Phone: 416.644.1571
Email: sstewart@qccopper.com
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.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214692
FAQ
What is the focus of QC Copper's current scoping study?
When is QC Copper planning to host site visits for strategic partners?
What is the purpose of the diamond drill program at QC Copper's Opemiska project?
What is the significance of the historical data compilation at Cooke & Robitaille?
What kind of interest has QC Copper received following the release of the MRE in January 2024?
