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Highlights of the 7,226 m 2018 drill campaign
- PT-18-116: 3.89 g/t Au over 14.9 m including 4.26 g/t Au over 11.9 m
- PT-18-118: 3.22 g/t Au over 31.5 m including 5.11 g/t Au over 15.0 m
- PT-18-120: 3.59 g/t Au over 27.0 m including 5.06 g/t Au over 15.0 m
- PT-18-127: ended at 502 m with 2.04 g/t Au over 2.5 m
- Drilling to date has outlined a mineralized area of 800 m long by 450 m wide along dip and to a depth of 400 m below surface.
- There is a significant potential for further extending mineralization at depth and to the west.
Montreal, September 10, 2018 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to provide an update on the 2018 exploration program on its 100% owned flagship Sakami project, and located in Eeyou Istchee James Bay, Quebec. Significant drill results for the entire program are provided in the table below; including drill coordinates, two figures and quality assurance and quality control information. A total of 7,226 m of drilling was completed in 21 drill holes. The last hole of the campaign (PT-18-127) ended in mineralization with 2.04 g/t Au over 2.5 m. This is one of the deepest holes drilled suggesting potential for further extending mineralization at depth. The possibility to re-enter the hole to test the full extent of the mineralization will be evaluated.
Table 1 – Mineralized intersections from drill program and drill hole coordinates
(last results received and reviewed in August 2018)
| Hole | UTM E | UTM N | Length (m) | Azimuth | Dip | From (m) | To (m) | Interval (m) | Au g/t |
|---|---|---|---|---|---|---|---|---|---|
| PT-18-107 | 375310 | 5895040 | 312.0 | 3.4 | -66 | 250.5 | 256.5 | 6.0 | 1.31 |
| Including | 253.5 | 256.5 | 3.0 | 1.74 | |||||
| PT-18-107 | 264.0 | 265.5 | 1.5 | 1.28 | |||||
| PT-18-107 | 289.5 | 291.0 | 1.5 | 1.49 | |||||
| PT-18-108 | 375213 | 5894986 | 363.0 | 2.0 | -66 | 285.0 | 313.5 | 28.5 | 0.62 |
| Including | 304.5 | 313.5 | 9.0 | 1.13 | |||||
| Including | 309.0 | 313.5 | 4.5 | 1.46 | |||||
| PT-18-108 | 319.5 | 325.5 | 6.0 | 1.23 | |||||
| PT-18-109A | 375110 | 5895020 | 399.0 | 2.9 | -69 | 295.5 | 358.5 | 63.0 | 1.10 |
| Including | 300.0 | 315.0 | 15.0 | 3.08 | |||||
| Including | 304.5 | 309.0 | 4.5 | 5.31 | |||||
| Including | 304.5 | 310.5 | 6.0 | 4.81 | |||||
| PT-18-110 | 375053 | 5894981 | 432.0 | 359.5 | -64 | 343.5 | 354.0 | 10.5 | 1.78 |
| Including | 348.0 | 354.0 | 6.0 | 2.15 | |||||
| PT-18-111 | 375008 | 5894947 | 501.0 | 3.5 | -68 | 385.5 | 390.0 | 4.5 | 3.25 |
| PT-18-111 | 399.0 | 400.5 | 1.5 | 1.27 | |||||
| PT-18-111 | 415.5 | 418.5 | 3.0 | 2.42 | |||||
| PT-18-111 | 445.5 | 450.0 | 4.5 | 1.14 | |||||
| PT-18-112 | 375099 | 5894918 | 480.0 | 357.2 | -70 | 403.5 | 415.5 | 12.0 | 0.81 |
| PT-18-113 | 375162 | 5894871 | 472.5 | 357.9 | -68 | 406.5 | 445.5 | 39.0 | 0.69 |
| Including | 406.5 | 411.0 | 4.5 | 2.98 | |||||
| PT-18-113 | 444.0 | 445.5 | 1.5 | 3.40 | |||||
| PT-18-114 | 375357 | 5894964 | 362.0 | 2.0 | -64 | 286.5 | 309.0 | 22.5 | 1.00 |
| Including | 294.0 | 309.0 | 15.0 | 1.23 | |||||
| PT-18-115 | 375403 | 5894953 | 414.0 | 358.7 | -66 | 270.0 | 277.5 | 7.5 | 1.59 |
| PT-18-115 | 306.0 | 307.5 | 1.5 | 2.53 | |||||
| PT-18-115 | 412.5 | 414.0 | 1.5 | 3.16 | |||||
| PT-18-116 | 374962 | 5894910 | 485.0 | 352.7 | -66 | 423.1 | 438.0 | 14.9 | 3.89 |
| Including | 423.1 | 435.0 | 11.9 | 4.26 | |||||
| PT-18-117 | 375402 | 5895126 | 213.0 | 3.0 | -61 | 154.5 | 157.5 | 3.0 | 4.72 |
| PT-18-118 | 375244 | 5895185 | 174.0 | 2.0 | -55 | 103.5 | 135.0 | 31.5 | 3.22 |
| Including | 106.5 | 135.0 | 28.5 | 3.47 | |||||
| Including | 112.5 | 127.5 | 15.0 | 5.11 | |||||
| Including | 114.0 | 120.0 | 6.0 | 6.66 | |||||
| PT-18-119 | 375216 | 5895202 | 193.5 | 357.4 | -52 | 115.5 | 117.0 | 1.5 | 1.09 |
| PT-18-119 | 124.5 | 136.5 | 12.0 | 1.49 | |||||
| PT-18-119 | 142.5 | 151.5 | 9.0 | 1.34 | |||||
| PT-18-119 | 163.5 | 165.0 | 1.5 | 1.15 | |||||
| PT-18-120 | 375216 | 5895202 | 204.0 | 357.4 | -65 | 117.0 | 144.0 | 27.0 | 3.59 |
| Including | 118.5 | 133.5 | 15.0 | 5.06 | |||||
| Including | 118.5 | 129.0 | 10.5 | 6.12 | |||||
| PT-18-120 | 201.0 | 204.0 | 3.0 | 1.43 | |||||
| PT-18-121 | 375167 | 5895181 | 240.0 | 346.8 | -61 | 150.0 | 178.5 | 28.5 | 0.98 |
| Including | 150.0 | 156.0 | 6.0 | 2.05 | |||||
| PT-18-122 | 375088 | 5895144 | 279.0 | 2.0 | -64 | 217.5 | 235.5 | 18.0 | 2.05 |
| Including | 220.5 | 231.0 | 10.5 | 2.41 | |||||
| PT-18-123 | 375366 | 5895154 | 171.0 | 8.4 | -60 | 112.5 | 117.0 | 4.5 | 1.10 |
| PT-18-123 | 133.5 | 135.0 | 1.5 | 2.67 | |||||
| PT-18-124 | 375461 | 5895088 | 327.0 | 358.0 | -74 | 148.5 | 178.5 | 30.0 | 0.99 |
| Including | 148.5 | 156.0 | 7.5 | 1.45 | |||||
| Including | 169.5 | 178.5 | 9.0 | 1.57 | |||||
| PT-18-124 | 232.5 | 238.5 | 6.0 | 2.38 | |||||
| PT-18-125 | 375258 | 5894999 | 339.0 | 356.1 | -63 | 277.5 | 280.5 | 3.0 | 1.49 |
| PT-18-125 | 295.5 | 304.5 | 9.0 | 1.78 | |||||
| Including | 301.5 | 304.5 | 3.0 | 3.70 | |||||
| PT-18-125 | 316.5 | 319.5 | 3.0 | 1.40 | |||||
| PT-18-126 | 375307 | 5894971 | 354.0 | 358.4 | -64 | 289.5 | 309.0 | 19.5 | 2.17 |
| Including | 289.5 | 300.0 | 10.5 | 3.12 | |||||
| PT-18-126 | 333.0 | 336.0 | 3.0 | 2.15 | |||||
| PT-18-127 | 374910 | 5894910 | 512.1 | 353.3 | -69 | 467.2 | 512.1 | 44.9 | 0.59 |
| Including | 471.0 | 480.0 | 9.0 | 1.04 | |||||
| Including | 499.5 | 502.0 | 2.5 | 2.04 | |||||
1. True widths are estimated based on drill angle and interpreted geometry of mineralization and range from 70% to 95% of the drilled length.
2. All gold values are uncut.
Figure 1 – Plan view of the La Pointe area
Figure 2 – North-south cross section, looking east, of the La Pointe area
The technical committee comprised of members from Goldcorp Inc. (“Goldcorp”) and QPM has held recently its first meeting to review the 2018 results and will carry of a field visit shortly to plan and approve the next exploration and expansion drilling program at Sakami as well as benefit from Goldcorp’s technical expertise and knowledge.
The 2018 drilling program was designed based on the recommendations presented in the NI 43-101 technical report prepared by SGS Canada Inc. for Canada Strategic Metals Inc. (now and Matamec Explorations Inc. (now the Company) with a date of issue of November 24, 2017. The program was managed by Consul-Teck Exploration Minière Inc. of Val-d’Or, Quebec who supervised the program and logged and sampled the core.
About Quebec Precious Metals Corporation
QPM is a new gold explorer with a large land position in the highly-prospective Eeyou IstcheeJames 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, to advance rapidly to the mineral resource estimate stage.
Quality Assurance/Quality Control
Quality assurance and quality control procedures were implemented to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one-half sent for assay and the other retained in the core box as a witness sample. Duplicates, standards and blanks were inserted regularly into the sample stream. The samples were delivered, in secure tagged bags, directly the ALS Minerals laboratory facility in Val-d’Or, Quebec. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30 g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.
Qualified Person
Jean-Sébastien Lavallée (OGQ #773), géo., Vice-President Exploration of the Company and a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content of this release.
For more information please contact:
Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca
Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca
Paradox Public Relations
Tel: 514 341-0408
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.
- 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
- February 14, 2019 Quebec Precious Metals updates the drilling at its Sakami gold project
- January 21, 2019 Quebec Precious Metals Corporation intersects 4.78 g/t Au over 6.0 m at Sakami, extending the gold mineralization on strike, and starts winter drilling campaign
- December 13, 2018 Quebec Precious Metals Corporation grants stock options
- December 05, 2018 Quebec Precious Metals Corporation outlines a 2 km anomalous gold trend at Sakami