QC Copper: Thierry Drill Core Resampling Program on Bulk Tonnage K1 Deposit Now Completed
QC Copper and Gold announces completion of a core resampling program at the Thierry Copper Project's K1 Zone. The program examined approximately 1,100 metres of historical core, including 690 samples across 34 historical drill holes from 2002-2023. The initiative targets previously unsampled areas containing low-grade and disseminated mineralization, which was overlooked by previous companies focused on K2 Zone's high-grade mineralization. The program costs approximately 6% of an equivalent $2.4M twinning program. Mineralization in K1 consists of disseminated pyrite and chalcopyrite, with some areas showing 1-5% pyrite and up to 1% chalcopyrite.
QC Copper and Gold annuncia il completamento di un programma di riesame del core presso la Zona K1 del Progetto Thierry Copper. Il programma ha esaminato circa 1.100 metri di core storico, includendo 690 campioni provenienti da 34 pozzi storici scavati tra il 2002 e il 2023. L'iniziativa si concentra su aree precedentemente non campionate contenenti mineralizzazione a bassa legge e disseminata, che era stata trascurata da aziende precedenti focalizzate sulla mineralizzazione a alta legge della Zona K2. Il costo del programma è di circa il 6% di un programma gemello equivalente da 2,4 milioni di dollari. La mineralizzazione nella Zona K1 consiste in pirite e calcopirite disseminate, con alcune aree che mostrano dal 1% al 5% di pirite e fino all'1% di calcopirite.
QC Copper and Gold anuncia la finalización de un programa de re-muestreo de núcleos en la Zona K1 del Proyecto Thierry Copper. El programa examinó aproximadamente 1.100 metros de núcleos históricos, incluyendo 690 muestras de 34 pozos históricos realizados entre 2002 y 2023. La iniciativa tiene como objetivo áreas previamente no muestreadas que contienen mineralización de baja ley y diseminada, que fueron pasadas por alto por empresas anteriores enfocadas en la mineralización de alta ley de la Zona K2. El programa cuesta aproximadamente el 6% de un programa gemelo equivalente de $2.4 millones. La mineralización en K1 consiste en pirita y calcopirita diseminadas, con algunas áreas que presentan entre 1% y 5% de pirita y hasta 1% de calcopirita.
QC Copper and Gold는 Thierry Copper Project의 K1 구역에서 코어 재샘플링 프로그램의 완료를 발표했습니다. 이 프로그램은 2002년부터 2023년까지의 34개 역사적 시추공에서 690개의 샘플을 포함하여 약 1,100미터의 역사적 코어를 검토했습니다. 이 이니셔티브는 이전에 시료를 채취하지 않은, 저등급 및 분산 광물화가 포함된 지역을 목표로 하며, 이는 K2 구역의 고등급 광물화에 집중한 이전 회사들에 의해 간과되었습니다. 이 프로그램의 비용은 동등한 240만 달러의 쌍둥이 프로그램의 약 6%입니다. K1 구역의 광물화는 분산된 황철광과 구리광으로 구성되어 있으며, 일부 지역은 1-5%의 황철광과 최대 1%의 구리광을 보여줍니다.
QC Copper and Gold annonce l'achèvement d'un programme de re-échantillonnage de carottes dans la Zone K1 du Projet Thierry Copper. Le programme a examiné environ 1.100 mètres de carottes historiques, y compris 690 échantillons provenant de 34 anciens forages réalisés entre 2002 et 2023. L'initiative cible des zones précédemment non échantillonnées contenant une minéralisation de faible teneur et disséminée, qui a été négligée par des entreprises antérieures concentrées sur la minéralisation à haute teneur de la Zone K2. Le coût du programme représente environ 6 % d'un programme équivalent de jumelage de 2,4 millions de dollars. La minéralisation dans la Zone K1 est constituée de pyrite et de chalcopyrite disséminées, certaines zones présentant entre 1 et 5 % de pyrite et jusqu'à 1 % de chalcopyrite.
QC Copper and Gold gibt den Abschluss eines Kern-Nachprobennahmeprogramms im K1-Bereich des Thierry Copper-Projekts bekannt. Das Programm untersuchte ungefähr 1.100 Meter historischen Kerns, einschließlich 690 Proben aus 34 historischen Bohrlöchern zwischen 2002 und 2023. Die Initiative zielt auf zuvor nicht beprobte Bereiche mit niedriggradiger und disseminierter Mineralisierung ab, die von früheren Unternehmen, die sich auf die hochgradige Mineralisierung der K2-Zone konzentrierten, übersehen wurden. Das Programm kostet ungefähr 6% eines gleichwertigen Zwillingsprogramms von 2,4 Millionen Dollar. Die Mineralisierung in K1 besteht aus disseminierten Pyrit und Chalkopyrit, wobei einige Bereiche 1-5% Pyrit und bis zu 1% Chalkopyrit aufweisen.
- Cost-effective program at 6% ($144,000) compared to $2.4M for equivalent drilling
- Potential resource expansion through identification of additional mineralization
- Program leverages existing infrastructure and historical core, reducing exploration costs
- None.
- Thierry's core sampling program was recently completed to expand and further delineate the K1 bulk-tonnage resource.
- QC Copper recommended this program following a site visit and thoroughly examining the previously drilled core.
- Significant amounts of drill core were never sampled due to an unidentified style of mineralization.
- The program design and execution benefited from QC Copper's experience at the Opemiska project.
- Cuprum, which owns
100% of the Thierry project, has announced a business combination with QC Copper, expected to close in December.
Toronto, Ontario--(Newsfile Corp. - November 13, 2024) - QC Copper and Gold Inc. (TSXV: QCCU) (OTCQB: QCCUF) ("QC Copper" or the "Company") is pleased to announce that Cuprum has completed a core resampling program at its Thierry Copper Project ("Thierry"). This program focuses on sampling previously unsampled areas in the K1 Zone ("K1") from existing previously drilled core, specifically targeting core from 2002 - 2023 which were initially overlooked. The resampling program will help identify additional mineralization in and around K1, potentially increasing existing resources and improving upon the existing geological model. This program was extremely cost effective-estimated at just
Scope of the Resampling Program
The QC Copper team identified approximately 1,100 metres of historical core, encompassing 690 samples across 34 istorical drill holes. These holes were selected based on a detailed evaluation of Theirry's current geological model and existing core located on the Thierry Project, and informed by the technical team's experience in meticulously rebuilding Opemiska's geological model. These historical drill holes were overlooked by previous companies, who prioritized delineating the K2 Zone's high-grade mineralization. QC Copper's technical team easily identified core potentially containing low-grade and disseminated mineralization by visually inspecting and selecting core that has seen oxidation.
LINK TO MAP OF K1 SHOWING LOCATION OF HOLES TO BE RESAMPLED
K1 Mineralization: Disseminated Pyrite and Chalcopyrite
Mineralization in K1 primarily consists of disseminated pyrite and chalcopyrite, with some areas showing 1
Cost Effectiveness
The resampling program will provide similar insights as a drill program focused on twinning the 34 historical drill holes, albeit, at a fraction of the cost. The Company is able to conduct this resampling program due to the repairs completed at the Thierry core farm, making the historical core easily accessible. The cost of the program is estimated at just
About Cuprum Corp.
Cuprum owns
About QC Copper & Gold Inc.
QC Copper & Gold Inc. is advancing its flagship Opémiska copper mining complex, a former high-grade copper producer in Quebec. The Company's most recent resource estimate outlined a substantial 2.1 billion pounds of copper equivalent in measured and indicated resources, solidifying QC Copper's position as a key player in the Canadian copper sector.
Qualified Person Statement
The technical information contained in this news release has been reviewed and approved by Charles Beaudry, P.Geo and géo., VP Exploration and Director of QC Copper and Gold Inc., a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects." For the exploration undertaken by QC Copper, all assay batches are accompanied by rigorous Quality Assurance procedures, including the insertion of standards and blanks. All the core the drill was split in half, bagged and sent to ALS-Global in Thunder Bay, Ontario where sample preparation and analyses were performed using standard ALS laboratory codes. The remaining half core along with the rejects and the pulps were returned from the laboratory and are securely stored at the Thierry Mine site near Pickel Lake, Ontario. Quality Control results, including the laboratory's control samples, were evaluated immediately on reception of batch results and corrections were implemented immediately when necessary. For drill holes oriented toward the north and plunging between 50 and 65 dips, the true width of mineralized intersections are equal or greater than
For further information, please contact:
Stephen Stewart, Chief Executive Officer
Phone: 416.644.1567
Email: sstewart@qccopper.com
Forward-Looking Statements
This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this news release contains forward-looking information in relation to: the anticipated benefits of the Acquisition to QC Copper and its shareholders; the timing and anticipated receipt of required regulatory (including TSXV) and shareholder approvals for the Acquisition; the ability of QC Copper to satisfy the other conditions to, and to complete, the Acquisition; and the anticipated timing of the Meeting and the closing of the Acquisition. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. This forward-looking information reflects the Company's current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include, but are not limited to: the acceptance of the offer to purchase by the non-principal shareholders of the Cuprum; the current share price of the QC Copper Shares; TSXV acceptance and market acceptance of the Acquisition; the Company's current and initial understanding and analysis of its projects; the Company's general and administrative costs remaining constant; market acceptance of the Company's business model, goals and approach; and the feasibility and reasonableness of conducting exploration on and developing any of the Company's projects. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: there is no certainty that work programs will result in significant or successful exploration and development of the Company's properties; uncertainty as to the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of future financing on acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; the Company may not be able to comply with its ongoing obligations regarding its properties; the early stage development of the Company and its projects; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining exploration company securities; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation or income tax legislation, affecting the Company; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors which may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Neither the 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 news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229787
FAQ
What is the scope of QC Copper's (QCCUF) K1 Zone resampling program at Thierry?
How much does QC Copper's (QCCUF) Thierry resampling program cost compared to a new drilling program?
What type of mineralization was found in QC Copper's (QCCUF) K1 Zone at Thierry?
