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.
- September 16, 2020 Quebec Precious Metals discovers a new gold and base metals system from surface sampling at Elmer East with grabs up to 17.75 g/t Au
- September 10, 2020 Quebec Precious Metals extends the La Pointe Extension discovery with 53 m at 1.03 g/t Au and near surface discovery at Simon
- August 13, 2020 Quebec Precious Metals expands La Pointe Extension discovery over 2 km; continues drilling
- August 04, 2020 Quebec Precious Metals Corporation change its stock symbol
- July 22, 2020 Quebec Precious Metals drills 1.14 g/t Au over 70.3 m at La Pointe Extension discovery
- July 16, 2020 Quebec Precious Metals Corporation Announces Postponement of its Annual General Meeting
- July 02, 2020 Quebec Precious Metals Corporation commences the next phase of exploration on the Elmer East project, James Bay region, Quebec
- June 23, 2020 Quebec Precious Metals Corporation Resumes Exploration on the Sakami Project
- June 18, 2020 Quebec Precious Metals Drills 1.45 g/t Au over 35.4 m at La Pointe Extension Discovery
- May 26, 2020 UrbanGold acquires key gold property in the Troilus area; Quebec Precious Metals monetizes non-core asset
- April 29, 2020 Quebec Precious Metals: New Corporate Presentation
- April 21, 2020 Quebec Precious Metals announces La Pointe Extension discovery: 1.15 g/t Au over 80.1 m at Sakami project, extends deposit 2 km in step-out drilling
- March 25, 2020 Quebec Precious Metals concludes winter drilling activities at Sakami
- March 13, 2020 Quebec Precious Metals appoints Tony Brisson as senior exploration manager