The Éléonore discovery in 2004, now a gold mine belonging to Newmont Corporation, triggered a significant staking rush and confirmed the potential of the area.
In part one of this two-part series, we discussed why James Bay is such an exciting region for exploration. In part two, we examine recent news from Quebec Precious Metals Corporation (QPM).
QPM is a gold explorer created in 2018 with the support of Newmont Corporation. The company is firmly on the path to finding the next Éléonore gold mine in the highly prospective Eeyou Istchee James Bay territory, Quebec.
Situated at a distance up to 1,500 m from the favourable contact between the Opinaca and La Grande geological subprovinces, QPM’s flagship project is the 100% owned Sakami project. The site shows significant grades and well-defined drill-ready targets and is rapidly advancing to an initial mineral resource estimate. The Sakami project contains the La Pointe gold deposit and is the subject of exploration campaigns. QPM is performing a fully funded 25,000 m drill program in 2020. The results of this drill program are pending.
QPM has also completed a magnetic heliborne survey covering its 100% owned Elmer East project located along trend from the recently announced seven discovery holes by Azimut Exploration Inc. on the Patwon prospect at its Elmer project. Patwon can potentially be a multi-million-ounce discovery. Seven drill holes proving sizeable mineralization, well-correlated with extensive surface sampling, widely open along strike, widely open at depth, with significant widths at the surface. The results will help define the next exploration phase on the project to be carried out by QPM in 2020.
Sakami and Elmer East projects
These two projects are not only exciting for QPM but also punctuate the growing promise of the James Bay region.
With the execution of the most significant drill program at Sakami and surface work to be done at Elmer East and other James Bay gold projects, there will be substantial news flow throughout the year.
Learn more about a growing opportunity in the emerging region of James Bay
When it comes to where exploration drills are busily biting the rock, there is no need to look any further than the emerging region of James Bay.
- April 28, 2025 Fury Gold Mines Completes Acquisition Of Quebec Precious Metals Corporation
- April 22, 2025 Quebec Precious Metals Announces Shareholder Approval of Arrangement with Fury Gold
- April 09, 2025 The Cree Trappers Association, the Cree Hunters Economic Security Board and Mining & Exploration Companies Approve 2025 Funding to Continue the Reconstruction of Cabins Burnt during the 2023 Forest Fires, James Bay, Quebec
- March 26, 2025 Fury Gold Mines and Quebec Precious Metals Update Merger Process
- February 26, 2025 Fury Gold Mines Limited to Acquire Quebec Precious Metals Corporation
- January 17, 2025 Quebec Precious Metals Receives Payment of $200,000 from the Sale of Non-Core Asset in Ontario
- November 26, 2024 Quebec Precious Metals Reports Consistent +20m Thick Spodumene-Bearing Pegmatite Up to 150m Deep from its Maiden Drilling Program on its 100%-owned Lithium Ninaaskumuwin Discovery, James Bay, Quebec
- November 07, 2024 Quebec Precious Metals to Issue Shares in Payment of Services and Deferred Share Units
- October 31, 2024 The Cree Hunters Economic Security Board, 16 Mining & Exploration Companies Contribute $750,000 For The Reconstruction Initiative Forest Fires Fund 2023, James Bay, Quebec
- October 30, 2024 Quebec Precious Metals Intersects 22.9 m of Spodumene-Bearing Pegmatite in the First Drillhole of its Maiden Drilling Program on its 100% Owned High-Grade Lithium Ninaaskumuwin Discovery, James Bay, Quebec
- October 21, 2024 Quebec Precious Metals Begins Maiden Drilling Program on its 100% Owned High-Grade Lithium Ninaaskumuwin Discovery, Situated Near the Galaxy Project to be Acquired by Rio Tinto, James Bay, Quebec, Announces Private Placement
- September 19, 2024 Quebec Precious Metals Congratulates Harfang Exploration on its High-Grade Gold Discoveries near the Sakami Project and Provides Update on Gold and Lithium Exploration Initiatives in James Bay
- August 09, 2024 Quebec Precious Metals to Issue Shares in Payment of Services and Deferred Share Units
- July 17, 2024 Quebec Precious Metals Announces Results of Annual Shareholders Meeting, Grants Deferred Share Units and Stock Options