QC Copper Unveils Opemiska: 1.88B Pounds Copper, 915K Oz Gold

QC Copper and Gold (TSXV: QCCU), a Canadian mining company, has made substantial strides in the resource estimation for its Opemiska project. Located in the Chapais-Chibougamau district of Quebec, the project's updated estimate includes over 1.88 billion pounds of copper and 915,000 ounces of gold. This significant upgrade is an affirmation of the project's potential and a testament to QC Copper and Gold's commitment to unlocking value from its assets.

The Opemiska project's pit-constrained measured and indicated resource now stands at 87.3 million tonnes, grading 0.77% copper (0.93% copper equivalent). This corresponds to around 1.49 billion pounds of copper, 762,000 ounces of gold, and an additional 762,000 ounces of silver. A cut-off of 0.15% copper equivalent was used to calculate these figures, ensuring a conservative estimate that aligns with industry standards.

Aside from the pit-constrained resources, the Opemiska project also boasts an inferred resource of 9.8 million tonnes at 0.48% copper (0.59% copper equivalent). This resource holds around 104 million pounds of copper, 55,000 ounces of gold, and 689,000 ounces of silver. These figures further underscore the significant potential of the Opemiska project and its contribution to QC Copper's portfolio.

Notably, Opemiska also has out-of-pit resources calculated using a cut-off of 0.8% copper equivalent. The measured and indicated portion of these resources is 10.1 million tonnes, grading 1.20% copper (1.37% copper equivalent). This equates to around 268 million pounds of copper, 83,000 ounces of gold, and a notable 5.5 million ounces of silver.

The project's inferred portion of out-of-pit resources is equally impressive, standing at 11.0 million tonnes at 0.53% copper (0.54% copper equivalent). This resource contains approximately 127 million pounds of copper, 70,000 ounces of gold, and 907,000 ounces of silver.

The Opemiska project also includes a starter pit of 19.1 million tonnes at 1.1% copper equivalent. The potential for expansion exists, with possibilities to enlarge the pit and explore underground mining options. Additionally, potential satellite pits to the east have been identified, along with the former Cooke and Robitaille mines. Preliminary metallurgical tests have confirmed favourable recovery characteristics, further bolstering the project's potential.

The Opemiska project is steeped in rich mining history, including the former Springer and Perry copper-gold mines. Operated by Falconbridge from 1953 to 1991, these mines produced 23 million tonnes of ore grading 2.4% copper and 0.3 g/t gold. The legacy of production and the presence of substantial resources hint at the untapped potential that QC Copper and Gold can unleash.

QC Copper acquired the Opemiska property in 2021, embarking on an ambitious journey to outline resources containing at least 2 billion pounds of copper equivalent. With the updated resource estimate, the company is well on its way to achieving this goal, demonstrating the success of its exploration and development efforts.

The updated resource estimate for the Opemiska project signifies a milestone for QC Copper and Gold. The significant reserves of copper and gold, coupled with the potential for further exploration and development, position the Opemiska project as a key asset in QC Copper's portfolio. As the company continues to unlock the project's potential, it remains poised to create value for its stakeholders and contribute to the global demand for copper and gold.