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QC Copper and Gold reported 11 holes with multiple wide stacked intersections of copper mineralization along with high gold grades near the southern edge of its Opemiska's conceptual open pit.

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QC Copper and Gold Inc. (TSXV:QCCU) (OTCQB:QCCUF) reported 11 holes with multiple wide stacked intersections of copper mineralization along with high gold grades near the southern edge of its Opemiska's conceptual open pit. These results continue to confirm Opemiska's historical mine results and indicate that much higher gold grades can be found near the Gwillim Fault.

Additional Information:

Company: QC Copper and Gold
Website: www.QCCopper.com
Stock Symbol: TSXV:QCCU
Date Published: Nov 9, 2022
Transcript: Available

Video Transcript:

QC Copper and Gold Inc. (TSXV:QCCU) (OTCQB:QCCUF) has reported 11 holes with multiple wide stacked intersections of copper mineralization along with high gold grades near the southern edge Opemiska's conceptual open pit.

The company is currently focused on advancing its past-producing Opemiska Copper Mine Complex, which is 40 km west of the Town of Chibougamau and 480 km north of the City of Montréal, in the northeastern part of the Abitibi Greenstone Belt, Québec, in an area of significant mining activity.

Following a 20,000-metre drill program including twin holes and infill drilling, completed in 2021, the company released a Maiden Resource Estimate in September 2021.

The company reported 81.7M tonnes @ 0.88% CuEq of pit constrained Measured and Indicated Mineral Resources and 21.3M tonnes @ 0.73% CuEq of Inferred Mineral Resources.

Highlights from today’s results include:

Hole OPM-231 targeted the northern extension of Vein #20 at depth, intersecting 43.5m of 1.32% copper and 0.57 gpt gold.

Hole 231 is near hole 237, which intersected 67.5m of 0.25% copper and 0.24 gpt gold.

OPM-22-226 1.03% Copper and 0.50 gpt Gold over 40m from 1m
0.48% Copper and 2.46 gpt Gold over 16.5m from 111m
3.45% Copper and 1.37 gpt Gold over 6m from 162m
1.58% Copper and 4.05 gpt Gold over 4.5m from 240m
0.39% Copper and 0.14 gpt Gold over 12m from 264m

OPM-22-227 0.59% Copper and 0.27 gpt Gold over 63m from 4.5m

OPM-22-223 0.59% Copper and 0.18 gpt Gold over 33m from 27m
0.80% Copper and 2.64 gpt Gold over 12m from 168m
2.20% Copper and 5.04 gpt Gold over 3m from 241m

Here is a view of the cross sections and plan view of the reported intersections.

These results continue to confirm Opemiska's historical mine results and indicate that much higher gold grades can be found near the Gwillim Fault.

Charles Beaudry, Director and VP of Exploration, stated: "Holes 223, 226 and 227 are particularly impressive and were drilled towards the south to intersect the near-surface expressions of the southern edge of the deposit near the Gwillim Fault. Two of the highlighted intersections in hole 223 graded over 2.0 gpt gold and three of the highlighted intersections in hole 226 grading above 1.0 gpt Au. Our interpretation suggests that the mineralization is intimately related to Springer's inverted fold which was produced by drag folding along the Gwillim fault. This view is supported by the historical mine data that shows over 60% of the assays above 10gpt gold occur less than 300 metres from the Gwillim fault.”

The company also owns 50% of the strategic Roger Deposit, 15 km east of Opemiska.

The Roger property has gone through multiple drill campaigns totalling 58,000 metres, resulting in the 2018 mineral resource estimate of 333,000 contained gold equivalent ounces and an inferred resource of 202,000 gold equivalent ounces.

The shares are trading at $0.175.

For more information, please visit the company’s website, www.QCCopper.com, contact Stephen Stewart, CEO, at 416-644-1571 or email SStewart@QCCopper.com.