Download PDF | View documents on Sedar
Montreal, October 29, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”)is pleased to provide a message from its Chief Executive Officer, Normand Champigny:
“We continue to make significant progress at our 100% owned Sakami gold project. The results from the summer surface program demonstrate the strength of the drill targets located along the 13-km mineralized trend. At the La Pointe deposit, the soil geochemical survey has delineated many new targets over a distance of 2 km to the west. These results represent a considerable potential upside for the La Pointe deposit. We are very excited to start drilling soon and systematically test the numerous target areas. Our goal remains the same: Identify a multi-million ounces resource through the project.”
“To fund the upcoming major drilling campaign, we have recently received financing from Laurentian Bank Securities as the lead and Canaccord Genuity Corp. as a comanager in the form of a bought deal totaling $ 6.5 million. We expect the closing of this financing within the next few weeks.”
“We are also looking forward to receiving and interpreting the surface results from the other James Bay gold projects: Cheechoo-Éléonore trend, Blanche, Charles, and Opinaca West. These results will provide a better understanding of these projects’ exploration potential.”
“Our shareholders can expect more news as we embark on the next phase of exploration. With a strong team and the required funding, we are excited about what the future holds.”
About Quebec Precious Metals Corporation
QPM is a gold explorer with a significant 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:
Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca
Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@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.
- October 18, 2021 Quebec Precious Metals receives $2,000,000 payment from sale of royalty on Tansim lithium project
- September 08, 2021 Quebec Precious Metals reports high-grade grab samples of 68.1 & 61.8 g/t Au on the Elmer East project; extends the mineralized corridor to 4.2 km at the Lloyd discovery area
- August 18, 2021 Quebec Precious Metals Corporation announces results of Annual shareholders meeting
- August 12, 2021 Quebec Precious Metals Corporation: Reminder – Annual General Meeting of Shareholders
- August 10, 2021 Vital acquires Kipawa and Zeus projects from Quebec Precious Metals Corporation for c$8 million; strengthens Canadian rare earths portfolio
- June 17, 2021 Quebec Precious Metals shares now DTC eligible
- June 11, 2021 Quebec Precious Metals grants stock options
- June 09, 2021 Quebec Precious Metals cuts 1.83 g/t Au over 58.6 m and 2.15 g/t over 42.2 m Au in drilling in near-surface, high-grade intervals, on the Sakami project
- June 07, 2021 Quebec Precious Metals appoints two independent women to its board of directors
- June 01, 2021 Quebec Precious Metals files technical report on Sakami project; starts summer field program
- May 18, 2021 Quebec Precious Metals Corporation closes additional tranche of oversubscribed $3,250,000 private placement
- 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