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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.
- November 24, 2020 Quebec Precious Metals intersects 42 m at 1.31 g/t Au, including 16.8 m at 1.95 g/t Au at La Pointe Extension
- 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