QC Copper & Gold Defines 100Mt Open Pit & Identifies Expansion Targets with CEO Stephen Stewart
Mining Stock Education - A podcast by Mining Stock Education
Categories:
QC Copper and Gold CEO Stephen Stewart provides an overview of the company’s newly defined Opemiska deposit in Chibougamau, Quebec. The Opemiska Deposit consists of 81.7M tonnes @ 0.88% CuEq of pit constrained Measured and Indicated Mineral Resources and 21.3M tonnes @ 0.73% CuEq of Inferred Mineral Resources. The Mineral Resource is pit-constrained and contains more than 532,000 tonnes or 1.17 billion lbs of copper and 816,000 ounces of gold in the Measured & Indicated (M&I) classification and an additional 109,000 tonnes or 240.3 million lbs of copper and 209,000 ounces of gold in the Inferred classification. Over 82% of the total Mineral Resource reports to the M&I classification. Within the larger Mineral Resource, the Company has identified a high-grade potential starter pit of 10.6M tonnes of M&I Mineral Resources grading 1.26% CuEq. The Mineral Resources are pit constrained using pit optimization algorithms and a 0.2% CuEq cut-off, inclusive of US$3.50/lb copper and US$1,650/oz gold prices. The Company has outlined multiple targets for expansion and discovery drilling this coming winter. These targets include extensional drilling to expand the existing Mineral Resource envelope, proximal former mines including the adjacent Cooke & Robitaille deposits, and other prospective targets along the Gwillim and Beaver Lake fault zones. Stephen stated, “This is going to get bigger. There is no question about it.”…“Our shareholders, our followers can expect us through the balance of this year and obviously 2022 to get out there and expand this thing, expand in and around this super-pit”. Stephen believes that the Opemiska copper-gold deposit has the potential to be fast-tracked and built during this upcycle. Furthermore he believes that QC Copper & Gold has the potential to reach a valuation of multiple hundreds of millions of dollars whereas its valuation currently sits around C$27-30mm market capitalization. 0:00 Introduction 0:42 Opemiska deposit defined 2:05 Why historic Falconbridge data is reliable 4:25 Expansion potential: “This is going to get bigger” 7:47 Opemiska prepped for economic study but next step is expansion 9:48 QCCU valuation relative to peers 12:16 Interest from mid-tiers or majors? 14:10 QCCU has option to own 100% of Opemiska 14:58 “How big are we going to get this?” Sponsor info: https://qccopper.com/ TSXV:QCCU – OTC:QCCUF Press release discussed: https://qccopper.com/news/qc-copper-announces-pit-constrained-mineral-resource-estimate-for-the-opemiska-deposit-81.7m-tonnes-0.88-cueq-of-m-i-mineral/ Company presentation: https://qccopper.com/site/assets/files/2670/3qc_copper_investor_presentation_2021_09_19.pdf Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 The Ore Group, of which QC Copper and Gold is a member, is an MSE sponsor. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk.