QC Copper and Gold (TSXV: QCCU) has updated the resource estimate for its Opemiska project to Over 1.88 billion lb. of copper and 915,000 oz. of gold. The project is located in the Chapais-Chibougamau district of Quebec.
The pit-constrained measured and indicated resource is 87.3 million tonnes grading 0.77% copper (0.93% copper equivalent), containing 1.49 billion lb. copper, 762,000 oz. of gold, and 762,000 oz. of silver. The pit-constrained inferred resource is 9.8 million tonnes at 0.48% copper (0.59% copper equivalent), containing 104 million lb. copper, 55,000 oz. of gold, and 689,000 oz. of silver. A cut-off of 0.15% copper equivalent was used in this estimate.
Opemiska also has out-of-pit resources calculated with a cut-off of 0.8% copper equivalent. The measured and indicated portion is 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.
The inferred portion is 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.
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