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QC Copper’s Impressive Opemiska Resource QC Copper’s Impressive Opemiska Resource

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QC Copper has announced that the measured and indicated resources at its Opemiska project top 1.88 billion lb. of copper and 915,000 oz. of gold. The out-of-pit resources, calculated with a cut-off of 0.8% copper equivalent, consist of 10.1 million tonnes grading 1.20% copper (1.37% copper equivalent), containing 268 million lb. of copper, 83,000 oz. of gold, and 5.5 million oz. of silver. Additionally, the inferred portion includes 11.0 million tonnes at 0.53% copper (0.54% copper equivalent), containing 127 million lb. of copper, 70,000 oz. of gold, and 907,000 oz. of silver.

Stephen Stewart, the CEO and chair of QC Copper, expressed pride in delivering such a substantial mineral resource estimate (MRE) to the shareholders. Stewart highlighted the immense value of the sizable, high-grade asset with excellent accessibility and infrastructure.

Stewart further emphasized the strategic location of Opemiska in northwestern Quebec, a stable mining jurisdiction. He views Opemiska as the linchpin for revitalizing the renowned Chapais-Chibougamau copper-gold district in Eastern Canada.

The project’s starter pit encompasses 19.1 million tonnes at 1.1% copper equivalent, with confirmed potential for expansion into underground operations. Additionally, potential satellite pits to the east, along with the former Cooke and Robitaille mines, have been identified. Furthermore, preliminary metallurgical tests have confirmed favorable recovery characteristics.

The Opemiska project, which includes the former Springer and Perry copper-gold mines, was operated by Falconbridge from 1953 to 1991 and produced 23 million tonnes of ore grading 2.4% copper and 0.3 g/t gold.

QC Copper acquired the property in 2021 and aims to outline resources containing at least 2 billion lb. of copper equivalent.


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