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Montreal, January 28, 2020 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to announce the acquisition, by map designation, of 100% interest in a new project, designated “Elmer East”, with strong gold potential totaling 368 claims (193 km2, see Figure 1). This project is located along trend from the recent Patwon prospect gold discovery made by Azimut Exploration Inc. (“Azimut”) on its Elmer project located in the Eeyou Istchee James Bay territory, Quebec. The Elmer East project includes the adjacent 100% owned Annabelle and Opinaca Gold West projects (561 claims, 295 km2). The western part of the Elmer East project is contiguous to Azimut’s project.
Azimut recently announced several significant gold-bearing drill intercepts at the Patwon prospect, namely 3.15 g/t Au over 102.0 m, including 10.1 g/t Au over 20.5 m (press release by Azimut dated January 14, 2020). The western part of Elmer East, located closest to the Patwon discovery, shows a geological setting favorable to gold mineralization. It is to be noted that gold mineralization occurring at the Patwon prospect is not necessarily representative of mineralization that may be found on the Elmer East project. The 368 claims are currently being processed by the Quebec Ministry of Energy and Natural resources. They will be recorded soon as 100% held by QPM.
The project will be the focus of a geological compilation and a surface exploration program which will be carried out in 2020.
Qualified Persons
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 gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont 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:
Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca
Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca
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.
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- November 09, 2020 Quebec Precious Metals intersects 80 m at 1.10 g/t Au at La Pointe Extension
- October 26, 2020 Quebec Precious Metals appoints Robert P. Boisjoli as Chief Financial Officer
- October 21, 2020 Quebec Precious Metals Corporation announces results of Annual and Special General shareholders meeting
- October 15, 2020 Quebec Precious Metals Corporation provides exploration update
- October 08, 2020 Quebec Precious Metals Corporation: Reminder – Annual and Special General Meeting of Shareholders
- 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