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2 dedicated drills following encouraging results from the 2019 program
MONTREAL, QC – February 27, 2020 / Quebec Precious Metals Corporation (TSXV:CJC)(FSE:YXEP)(OTC:CJCFF) (“QPM” or the “Company”) today reported the start of operation of the second drill rig on its 100% owned flagship Sakami project in Quebec’s Eeyou Istchee James Bay territory. The 25,000 m drill program is fully funded. Using the first drill rig, a total of 14 holes (3,103 m) have been completed by QPM since the beginning of the year. Results are pending.
The Company also announces the completion of the magnetic heliborne survey covering the Elmer East project (see press releases of January 28 and 30, 2020) located along trend from the recent Patwon prospect gold discovery made by Azimut Exploration Inc. on its Elmer project. The results will help define the next exploration phase on the Project to be carried out by the Company in 2020.
Normand Champigny, CEO of QPM said, “The execution of the most significant drill program at Sakami is going well. Large sections of the project remain under explored. There will be significant news flow throughout the year on our drilling and surface exploration programs.”
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:
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.
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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