ACCESS Newswire
25 Mar 2020, 16:31 GMT+10
MONTREAL, QC / ACCESSWIRE / March 25, 2020 / Quebec Precious Metals Corporation ('QPM' or the 'Company') (TSX.V:CJC)(OTCQB:CJCFF)(FSE:YXEP) reports today that it has completed the winter drilling activities of the previously announced 25,000 m drilling program to be carried out in 2020 with two drills on its 100% owned flagship Sakami project in Quebec's Eeyou Istchee James Bay territory. A total of 32 holes (7,250 m) have been drilled by QPM since the beginning of the year. Results will be released during the next few weeks.
The drilling program was designed to focus on: 1) expanding the La Pointe deposit and the Simon new high grade discovery with results that include 14.20 g/t Au over 2 m, 5.05 g/t Au over 5.06 m, and 4.66 g/t Au over 3.50 m; and 2) testing additional new targets across the 13-km mineralized trend striking SSW-NNE that includes the Apple, Péninsule, JR and Île showings (with gold mineralization detected in drill holes, grab and trench samples) (see press release of January 14, 2020).
QPM is fully-funded for the 2020 drilling program and its exploration activities. The Company has $5 million in cash and no debt .
Normand Champigny CEO of QPM, stated: 'Following the Quebec government's decision to minimize non-priority services and activities for the next three weeks, the Company has suspended its exploration activities and closed its corporate office. Our top priority is protect the health and safety of our employees and contractors, their families and neighboring communities while also taking steps to preserve long-term benefit to all stakeholders.'
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
[email protected]
Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
[email protected]
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.
SOURCE: Quebec Precious Metals Corporation
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationBASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) Houston's Isaac Paredes was named to the All-Star Game this week as an injury replacement...
(Photo credit: Brad Mills-Imagn Images) The Cincinnati Reds need just one win this weekend to continue a unique pursuit of history...
(Photo credit: Matt Marton-Imagn Images) Pete Crow-Armstrong enters his first trip to Yankee Stadium as a member of the 25-25 club...
(Photo credit: Kamil Krzaczynski-Imagn Images) Kyle Manzardo was slated to bat cleanup and play first base for the Cleveland Guardians...
(Photo credit: Brad Penner-Imagn Images) Anthony Volpe scored the tiebreaking run on a bases-loaded sacrifice fly by Aaron Judge...