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Quebec Precious Metals intersects 3.22 g/t Au over 31.5 m and 3.59 g/t Au over 27 m at Sakami, extending the gold mineralization on strike by 100 m

 

 

 

 

 

 

Quebec Precious Metals Corporation (TSX-V: CJC) (FSE: YXEN) (OTC-BB: CJCFF) is pleased to provide an update on the 2018 exploration program on its 100% owned flagship Sakami project, and located in Eeyou Istchee James Bay, Quebec. Significant drill results for the entire program are provided in the table below; including drill coordinates, two figures and quality assurance and quality control information. A total of 7,226 m of drilling was completed in 21 drill holes. The last hole of the campaign (PT-18-127) ended in mineralization with 2.04 g/t Au over 2.5 m. This is one of the deepest holes drilled suggesting potential for further extending mineralization at depth. The possibility to re-enter the hole to test the full extent of the mineralization will be evaluated.

 

 

Table 1 – Mineralized intersections from drill program and drill hole coordinates
(last results received and reviewed in August 2018).

 

 

Hole UTM E UTM N Length (m) Azimuth Dip From (m) To
(m)
Interval
(m)
Au g/t
PT-18-107 375310 5895040 312.0 3.4 -66 250.5 256.5 6.0 1.31
Including           253.5 256.5 3.0 1.74
PT-18-107           264.0 265.5 1.5 1.28
PT-18-107           289.5 291.0 1.5 1.49
PT-18-108 375213 5894986 363.0 2.0 -66 285.0 313.5 28.5 0.62
Including           304.5 313.5 9.0 1.13
Including           309.0 313.5 4.5 1.46
PT-18-108           319.5 325.5 6.0 1.23
PT-18-109A 375110 5895020 399.0 2.9 -69 295.5 358.5 63.0 1.10
Including           300.0 315.0 15.0 3.08
Including           304.5 309.0 4.5 5.31
Including           304.5 310.5 6.0 4.81
PT-18-110 375053 5894981 432.0 359.5 -64 343.5 354.0 10.5 1.78
Including           348.0 354.0 6.0 2.15
PT-18-111 375008 5894947 501.0 3.5 -68 385.5 390.0 4.5 3.25
PT-18-111           399.0 400.5 1.5 1.27
PT-18-111           415.5 418.5 3.0 2.42
PT-18-111           445.5 450.0 4.5 1.14
PT-18-112 375099 5894918 480.0 357.2 -70 403.5 415.5 12.0 0.81
PT-18-113 375162 5894871 472.5 357.9 -68 406.5 445.5 39.0 0.69
Including           406.5 411.0 4.5 2.98
PT-18-113           444.0 445.5 1.5 3.40
PT-18-114 375357 5894964 362.0 2.0 -64 286.5 309.0 22.5 1.00
Including           294.0 309.0 15.0 1.23
PT-18-115 375403 5894953 414.0 358.7 -66 270.0 277.5 7.5 1.59
PT-18-115           306.0 307.5 1.5 2.53
PT-18-115           412.5 414.0 1.5 3.16
PT-18-116 374962 5894910 485.0 352.7 -66 423.1 438.0 14.9 3.89
Including           423.1 435.0 11.9 4.26
PT-18-117 375402 5895126 213.0 3.0 -61 154.5 157.5 3.0 4.72
PT-18-118 375244 5895185 174.0 2.0 -55 103.5 135.0 31.5 3.22
Including           106.5 135.0 28.5 3.47
Including           112.5 127.5 15.0 5.11
Including           114.0 120.0 6.0 6.66
PT-18-119 375216 5895202 193.5 357.4 -52 115.5 117.0 1.5 1.09
PT-18-119           124.5 136.5 12.0 1.49
PT-18-119           142.5 151.5 9.0 1.34
PT-18-119           163.5 165.0 1.5 1.15
PT-18-120 375216 5895202 204.0 357.4 -65 117.0 144.0 27.0 3.59
Including           118.5 133.5 15.0 5.06
Including           118.5 129.0 10.5 6.12
PT-18-120           201.0 204.0 3.0 1.43
PT-18-121 375167 5895181 240.0 346.8 -61 150.0 178.5 28.5 0.98
Including           150.0 156.0 6.0 2.05
PT-18-122 375088 5895144 279.0 2.0 -64 217.5 235.5 18.0 2.05
Including           220.5 231.0 10.5 2.41
PT-18-123 375366 5895154 171.0 8.4 -60 112.5 117.0 4.5 1.10
PT-18-123           133.5 135.0 1.5 2.67
PT-18-124 375461 5895088 327.0 358.0 -74 148.5 178.5 30.0 0.99
Including           148.5 156.0 7.5 1.45
Including           169.5 178.5 9.0 1.57
PT-18-124           232.5 238.5 6.0 2.38
PT-18-125 375258 5894999 339.0 356.1 -63 277.5 280.5 3.0 1.49
PT-18-125           295.5 304.5 9.0 1.78
Including           301.5 304.5 3.0 3.70
PT-18-125           316.5 319.5 3.0 1.40
PT-18-126 375307 5894971 354.0 358.4 -64 289.5 309.0 19.5 2.17
Including           289.5 300.0 10.5 3.12
PT-18-126           333.0 336.0 3.0 2.15
PT-18-127 374910 5894910 512.1 353.3 -69 467.2 512.1 44.9 0.59
Including           471.0 480.0 9.0 1.04
Including           499.5 502.0 2.5 2.04

 

Footnotes:

 

  1. True widths are estimated based on drill angle and interpreted geometry of mineralization and range from 70% to 95% of the drilled length.
    2. All gold values are uncut.

 

Two figures accompanying this announcement are available at:

 

http://www.globenewswire.com/NewsRoom/AttachmentNg/72a8a2ab-fe4e-49ae-a98a-a4584e253a99

 

http://www.globenewswire.com/NewsRoom/AttachmentNg/b2712f7e-8ce9-4802-893c-95dbc7b126e6

 

 

The technical committee comprised of members from Goldcorp Inc. (“Goldcorp”) and QPM has held recently its first meeting to review the 2018 results and will carry of a field visit shortly to plan and approve the next exploration and expansion drilling program at Sakami as well as benefit from Goldcorp’s technical expertise and knowledge.

 

 

The 2018 drilling program was designed based on the recommendations presented in the NI 43-101 technical report prepared by SGS Canada Inc. for Canada Strategic Metals Inc. (now and Matamec Explorations Inc. (now the Company) with a date of issue of November 24, 2017. The program was managed by Consul-Teck Exploration Minière Inc. of Val-d’Or, Quebec who supervised the program and logged and sampled the core.

 

 

About Quebec Precious Metals Corporation

 

 

QPM is a new gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay region, Quebec, near Goldcorp’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets, to advance rapidly to the mineral resource estimate stage.

 

 

Quality Assurance/Quality Control

 

 

Quality assurance and quality control procedures were implemented to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one-half sent for assay and the other retained in the core box as a witness sample. Duplicates, standards and blanks were inserted regularly into the sample stream. The samples were delivered, in secure tagged bags, directly the ALS Minerals laboratory facility in Val-d’Or, Quebec. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30 g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.

 

 

Qualified Person

 

 

Jean-Sébastien Lavallée (OGQ #773), géo., Vice-President Exploration of the Company and a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content of this release.

 

Posted September 10, 2018

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