Proactive Investors - QC Copper and Gold Inc. (TSX-V:QCCU, OTCQB:QCCUF) told investors it sees potential to further increase resources in the vicinity of the Opemiska Project, Quebec.
It comes as the company reports latest results from its winter drilling campaign at the historically productive Cooke and Robitaille mines trend.
This programme marks the company’s first drilling foray beyond the Opemiska open pit area, this time focusing on the continuity between Cooke and Robitaille Mines, and it has demonstrated substantial additional resource expansion potential.
The highlight results included a grade of 0.72% copper equivalent (CuEq) over 27 metres and including a segment of 9.0 metres at 1.354% CuEq. Another highlight saw 1.11% CuEq was over 7 metres.
"The most recent drilling on the Cooke-Robitaille trend confirms expectations that this mineralized trend, which extends nearly two kilometres, is likely to provide additional pit-delineated mineral resources on the edges and lateral extensions of the Robitaille and Cooke mines,” VP exploration Charles Beaudry said in a statement.
“Moreover, results from hole COR-24-18, collared just north of Elsie Lake in an area of previously exposed surface mineralization, shows good mineralization within the Beaver Lake Fault.”
Beaudry added "there is an expectation that an extension at depth of the Robitaille mine could be found on the west side of the Beaver Lake Fault which is something that will be tested in the next phase of drilling."
Separately, desktop work is currently underway to compile historical drill data, to identify other target areas for new phases of drilling in the future.
The company, meanwhile, told investors it will announce its plans for a systematic drill campaign which will aim to delineate mineral resources at Cooke-Robitaille.
It also expects mineral resources can be added via the Eastern Veins which are near the project’s conceptual pit – this area has seen extensive drilling by QC Copper, but, requires geological modelling to define some in-pit mineral resources.