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QC Copper Acquires 100% Ownership of Roger Gold Project in Chibougamau, Quebec
QC Copper to acquire the remaining 50% ownership interest from SOQUEM Roger has a 43-101 resou...
About this update from Xxix Metal Corp.
[{"type":"text","content":"QC Copper Acquires 100% Ownership of Roger Gold Project in Chibougamau, QuebecQC Copper to acquire the remaining 50% ownership interest from SOQUEMRoger has a 43-101 resource estimate showing 535,000 ounces gold equivalent @ 0.95 g/t AuEq.Toronto, Ontario--(Newsfile Corp. - October 21, 2024) - QC Copper and Gold Inc. (TSXV: QCCU) (OTCQB: QCCUF) (\"QC Copper\" or the \"Company\") is pleased to announce that it has signed an arm's length definitive agreement to acquire the remaining 50% ownership interest in the Roger Gold-Copper Project (\"Roger\" or the \"Project\"), located in the prolific Chibougamau mining district of Quebec. QC Copper is acquiring the remaining 50% interest from SOQUEM, a subsidiary of Investissement Québec.Link to QC Copper and Gold Webinar - Strategic Acquisition of Roger ProjectRoger Project HighlightsThe Roger Project spans 987-hectares, and is located 5km from the historic mining center of Chibougamau, Quebec. It is easily accessible via all-season road, and has access to power. The Project features an existing NI 43-101 compliant mineral resource estimate, completed in August 2018. In August 2023, the Company released favourable and encouraging metallurgical results from the Project based on metallurgical compatibility with Opemiska.Roger Project Resources:ClassificationContained AuEq (oz)AuEq (g/t)AuEq Cut-off (g/t)Tonnes (kt)Au (g/t)Contained Au (oz)Indicated333,0000.950.4510,9000.85297,000Indicated202,0000.960.456,5690.75159,000Table 1) 2018 Roger mineral resource estimate.This resource estimate is constrained in a conceptual open pit shell. The 2018 updated mineral resource estimate was prepared by GéoPointCom of Val-d'Or, Quebec. At a cut-off grade of 0.45 g/t gold-equivalent, the Indicated Resource is estimated at 10,900,000 metric tonnes at a grade of 0.85 g/t of gold, 0.80 g/t of silver and 0.06% of copper for a total of 333,000 ounces of gold-equivalent, while the Inferred Resource is estimated at 6,569,000 metric tonnes at a grade of 0.75 g/t of gold, 1.18 g/t of silver and 0.11% of copper for a total of 202,000 ounces of gold equivalent. The following metal prices were used in the calculation of gold-equivalent: 1,240 US$ for Au (ounce), 16.528 US$ for Ag (ounce) and 6.549 US$ Cu (Kg). The Technical Report is available at www.sedar.ca.Strategic LocationRoger neighbours major deposi...