Mr. Jean-Francois Meilleur reports
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 Corp. has provided an update on the 2018 exploration program on its 100-per-cent-owned flagship Sakami project, located in Eeyou Istchee James Bay, Quebec. Significant drill results for the entire program are provided in the associated table. A total of 7,226 metres of drilling were completed in 21 drill holes. The last hole of the campaign (PT-18-127) ended in mineralization with 2.04 grams per tonne gold over 2.5 metres. 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.
MINERALIZED INTERSECTIONS FROM DRILL PROGRAM
(last results received and reviewed in August, 2018)
Hole From To Interval Au
(m) (m) (m) (g/t)
PT-18-107 250.5 256.5 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-18-108 285.0 313.5 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 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-18-110 343.5 354.0 10.5 1.78
including 348.0 354.0 6.0 2.15
PT-18-111 385.5 390.0 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-18-112 403.5 415.5 12.0 0.81
PT-18-113 406.5 445.5 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-18-114 286.5 309.0 22.5 1.00
including 294.0 309.0 15.0 1.23
PT-18-115 270.0 277.5 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-18-116 423.1 438.0 14.9 3.89
including 423.1 435.0 11.9 4.26
PT-18-117 154.5 157.5 3.0 4.72
PT-18-118 103.5 135.0 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-18-119 115.5 117.0 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-18-120 117.0 144.0 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-18-121 150.0 178.5 28.5 0.98
including 150.0 156.0 6.0 2.05
PT-18-122 217.5 235.5 18.0 2.05
including 220.5 231.0 10.5 2.41
PT-18-123 112.5 117.0 4.5 1.10
PT-18-123 133.5 135.0 1.5 2.67
PT-18-124 148.5 178.5 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-18-125 277.5 280.5 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-18-126 289.5 309.0 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-18-127 467.2 512.1 44.9 0.59
including 471.0 480.0 9.0 1.04
including 499.5 502.0 2.5 2.04
Notes
(1) True widths are estimated based on drill angle and interpreted
geometry of mineralization and range from 70 per cent to 95 per cent
of the drilled length.
(2) All gold values are uncut.
The technical committee, comprising members from Goldcorp Inc. and Quebec Precious, recently held 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 National Instrument 43-101 technical report prepared by SGS Canada Inc. for Canada Strategic Metals with a date of issue of Nov. 24, 2017. The program was managed by Consul-Teck Exploration Miniere Inc. of Val d'Or, Que., which supervised the program and logged and sampled the core.
About Quebec Precious Metals Corp.
Quebec Precious Metals is a well-capitalized company with a large land position and significant holdings in the highly prospective Eeyou Istchee James Bay region, Quebec, near Goldcorp's Eleonore gold mine. The land package contains high-quality early-stage exploration gold targets.
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, Que. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA (atomic absorption) finish on a 30-gram sample (0.005 to 10 parts per million Au), with a gravimetric finish for assays over 10 ppm Au.
Qualified person
Jean-Sebastien Lavallee (OGQ No. 773), Geo, 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.
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