05:00:15 EDT Mon 06 Apr 2020
Enter Symbol
or Name

Login ID:
Quebec Precious Metals Corp
Symbol CJC
Shares Issued 48,891,467
Close 2020-03-24 C$ 0.17
Recent Sedar Documents

Quebec Precious finishes drilling at Sakami

2020-03-25 07:27 ET - News Release

Mr. Normand Champigny reports


Quebec Precious Metals Corp. has completed the winter drilling activities of the previously announced 25,000-metre drilling program to be carried out in 2020 with two drills on its 100-per-cent-owned flagship Sakami project in Quebec's Eeyou Istchee James Bay territory. A total of 32 holes (7,250 m) have been drilled by Quebec Precious since the beginning of the year. Results will be released during the next few weeks.

The drilling program was designed to focus on: (1) expanding the La Pointe deposit and the Simon new high-grade discovery with results that include 14.20 grams per tonne gold over two m, 5.05 g/t Au over 5.06 m and 4.66 g/t Au over 3.50 m; and (2) testing additional new targets across the 13-kilometre mineralized trend striking south-southwest-north-northeast that includes the Apple, Peninsule, JR and Ile showings (with gold mineralization detected in drill holes, grab and trench samples) (see press release of Jan. 14, 2020).

Quebec Precious is fully financed for the 2020 drilling program and its exploration activities. The company has $5-million in cash and no debt.

Normand Champigny, chief executive officer of Quebec Precious, stated: "Following the Quebec government's decision to minimize non-priority services and activities for the next three weeks, the company has suspended its exploration activities and closed its corporate office. Our top priority is protect the health and safety of our employees and contractors, their families, and neighbouring communities while also taking steps to preserve long-term benefit to all stakeholders."

Qualified persons

Mr. Champigny and Jean-Sebastien Lavallee (OGQ No. 773), geologist, vice-president, exploration, director and shareholder of the company, both qualified persons under National Instrument 43-101 on standards of disclosure for mineral projects, have prepared and approved the technical content of this release.

About Quebec Precious Metals Corp.

Quebec Precious is a new gold explorer with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corp.'s Eleonore gold mine.

© 2020 Canjex Publishing Ltd. All rights reserved.