Montreal, October 24, 2018 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM” or the “Company”)is pleased to provide a message from its Chief Executive Officer, Normand Champigny:
“Since my joining and the creation of QPM, the focus has been on the planning of exploration activities on the 100% owned Sakami gold project, a large and unique asset. We began by reviewing all existing geological information. This was followed by the creation of a technical committee with Goldcorp Inc., our most significant shareholder. Following a field visit last September, an exploration plan for the fall and next winter was developed, approved and will be announced shortly. Our objective is to identify a multi-million ounce resource at Sakami and to advance the project towards realizing its full potential. We will also continue exploring and evaluating other projects in the Eeyou Istchee James Bay territory in Quebec.
While focusing on Sakami and exploring the region, the Company will monetize non-core assets. This has started with the sale of its 100% interests in the: (1) Tansim lithium project to Sayona Mining Limited, who is planning to drill later this year (see Sayona’s press release dated August 20, 2018); and (2) Somanike nickel project to VaniCom Limited.
We know there is considerable potential to find gold resources in the James Bay region. This is our goal. As we look to the future, we are concentrated on continually improving our understanding of the gold potential of this region while operating in a safe, environmentally responsible manner and working closely with the local Cree communities. This is how we will create significant value for shareholders and other stakeholders.”
About Quebec Precious Metals Corporation
QPM is a new gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay region, Quebec, near Goldcorp’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
Paradox Public Relations
Tel: 514 341-0408
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.
- August 20, 2019 Quebec Precious Metals appoints RPA to complete a Mineral Resource estimate
- July 30, 2019 Quebec Precious Metals announces first phase of 2019 Exploration Program
- July 12, 2019 Quebec Precious Metals hires SGS Canada for resource model
- July 09, 2019 Quebec Precious Metals and its partner Lomiko report multiple 100 m+ intercepts and multiple 10%+ Cg zones at its non-core high grade La Loutre Flake Graphite Project
- June 21, 2019 Quebec Precious Metals grants stock options
- June 18, 2019 Quebec Precious Metals: Message from the CEO
- June 05, 2019 Quebec Precious Metals Corporation extends La Pointe deposit at depth to 600 m and on strike to 900 m
- May 31, 2019 Quebec Precious Metals appoints Mario Caron, Dominique Dionne and Charles Main to its Board of Directors
- May 23, 2019 Quebec Precious Metals provides update on monetizing non-core assets
- May 06, 2019 Quebec Precious Metals and its partner Lomiko report intercept of 116.9 m of 4.80% including 15.2 m of 18.04% and 47.3 m of 7.56% including 11.3 m of 17.45% flake graphite on its non-core high grade La Loutre asset
- April 30, 2019 Quebec Precious Metals Corporation: strong copper-gold potential of the Blanche and Charles projects near the recent Mythril copper-gold discovery, James Bay region, Quebec
- April 24, 2019 Quebec Precious Metals and its partner Lomiko report intercept of 87.9 m of 7.14% including 21.0 m of 15.48% flake graphite on its non-core high grade La Loutre project
- April 23, 2019 Quebec Precious Metals extends previously announced new near-surface drill discoveries at Sakami including 1.27 g/t Au over 15 m and 4.66 g/t Au over 3.5 m
- March 26, 2019 Quebec Precious Metals drills new near-surface gold discoveries at Sakami including 14.20 g/t Au over 2.0 m and 5.05 g/t Au over 5.06 m