Montreal, July 30, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to announce exploration plans for the first phase of the 2019 program in Quebec’s Eeyou Istchee James Bay territory. The program will primarily focus on advancing its flagship Sakami project and the La Pointe deposit, a significant gold system where a total of 100 diamond drill holes have intercepted the deposit. The first phase of the program at Sakami can be summarized as follows:
- Apple area – soil geochemistry, prospecting, rock sampling, trenching and channel sampling;
- Apple-La Pointe-Simon-JR trend – Heli-borne magnetic and radiometric survey (1,400 line- km);
- La Pointe area – prospecting and geological mapping;
- Simon-JR area – IP survey (15 line-km), prospecting, stripping and rock sampling; and
- Île area including Bouleaux d’or – prospecting and rock sampling.
In addition, soil geochemistry, prospecting/rock sampling and reconnaissance geological mapping will be carried out on the Annabelle, Blanche and Charles, Cheechoo-Éléonore Trend, and Opinaca Gold West projects to better assess the exploration potential with the objective of inviting other parties to form partnerships or acquire these projects.
“This is a very significant and exciting field season in QPM’s one-year history,” commented Normand Champigny, Chief Executive Officer. “Following a successful fall 2018 – winter 2019 campaign, our team continues to extend the size of the mineralized system at La Pointe and confirm the district size potential of the Sakami project. We expect this year’s program to be at least similar in size to last year’s, but with the vast majority of the meterage to be drilled at La Pointe. We recognize the technical input from Newmont Goldcorp, our largest shareholder (13.5%). We will continue to work with them and take advantage of their deep expertise.”
In preparation for future drilling, exploration activities are planned to help develop targets for an anticipated drill program beginning during the early part of the fall. Details of the second phase of the program will be finalized following a review of the results of the first phase.
Results from Annual General Meeting of shareholders
The Company announces that, at its annual meeting held on July 24, 2019, shareholders of the Company approved all the items, including:
- Election of Mario Caron, Normand Champigny, Dominique Dionne, John W.W. Hick, Jean- Sébastien Lavallée, Charles B. Main and Jean-François Meilleur as directors; and
- Appointment of KPMG LLP as auditors.
QPM also announces that it has engaged Peak Investor Marketing Corp. to provide certain marketing, public relations and advisory services.
Normand Champigny, Eng., Chief Executive Officer of the Company, and Jean-Sébastien Lavallée (OGQ #773), geologist, Vice-President Exploration, director and shareholder of the Company, both Qualified Persons under NI 43- 101 on standards of disclosure for mineral projects, have prepared and approved the technical content of this release.
About Quebec Precious Metals Corporation
QPM is a new gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Goldcorp 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 this project to advance it to the mineral resource estimate stage.
For more information please contact:
Tel.: 514 951-2730
Chief Executive Officer
Tel.: 514 979-4746
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.
- May 05, 2021 Quebec Precious Metals Corporation closes second and final tranche of oversubscribed $3,228,000 private placement
- May 04, 2021 Quebec Precious Metals Corporation closes first tranche of $2,634,399 private placement
- April 21, 2021 Quebec Precious Metals upsizes private placement offering of common shares to $ 2.7 Million
- April 14, 2021 Quebec Precious Metals announces $1.5 million private placement of common shares
- March 04, 2021 Quebec Precious Metals announces start of drilling at Sakami and retains services of Hinge Markets Inc.
- February 22, 2021 Quebec Precious Metals issues deferred shares units and grants stock options
- February 01, 2021 Quebec Precious Metals receives payment of $1.125 M; Lomiko acquires 100 % of the La Loutre graphite project
- January 27, 2021 Quebec Precious Metals provides update on Sakami drilling and outlines plans for 2021
- January 26, 2021 Quebec Precious Metals appoints Richard Nieminen as Senior Exploration Manager
- January 20, 2021 Quebec Precious Metals obtains 4.06 g/t Au, 38.85 g/t Ag, 1.72 % Zn, 1.88 % Pb over 2.0 m from channel sampling on the Elmer East project
- January 13, 2021 Quebec Precious Metals receives payments of $300,000 from sales of non-core assets
- December 15, 2020 Quebec Precious Metals drilling returns High Grade at La Pointe Extension: 60.8 g/t Au over 0.3 m within 1.4 m at 15.01 g/t Au, initiates metallurgical testing
- December 10, 2020 Fjordland to acquire historic Renzy Nickel Copper project, Quebec; Quebec Precious Metals monetizes non-core asset
- November 24, 2020 Quebec Precious Metals intersects 42 m at 1.31 g/t Au, including 16.8 m at 1.95 g/t Au at La Pointe Extension