Author: joverv

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• Assaying are pending from 10 drill holes (“DDH”) including 4 DDH at the La Pointe Extension
• Highlights from the 2020 winter drilling program are: 

• 1.14 g/t Au over 70.30 m including 1.66 g/t Au over 36.90 m
• 3.65 g/t Au over 4.10 m
• 1.45 g/t Au over 35.40 m
• 1.15 g/t Au over 80.10 m including 4.63 g/t Au over 5.95 m
• 0.60 g/t Au over 51.60 m
• 4.15 g/t Au over 3.50 m

• 7,000 m summer diamond drilling program to commence in early August

Montreal, July 22, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: CJC, OTCQB: CJCFF, FSE: YXEP) is pleased to report additional drill results at the La Pointe Extension discovery following the 7,448 m winter diamond drilling program on the 100% owned Sakami Project (the “Project”) in Quebec’s Eeyou Istchee James Bay territory. A 7,000 m summer drilling campaign is scheduled to start in early August to better define the exploration potential of this discovery. Assaying is pending from 4 DDH completed at the La Pointe Extension.

Results recently received from winter drilling program continues to highlight gold mineralized system continuity and significant exploration potential to the SW of the La Pointe deposit (see Table  1 for complete results of the program). 

Normand Champigny CEO of QPM, stated: “Our exploration activities carried out since the creation of the Company in 2018 have resulted in the La Pointe Extension discovery and a high rate of successful drilling results.” 

The La Pointe deposit and new La Pointe Extension discovery are part of a larger 2- kilometre-long mineralized trend on the Project striking SSW-NNE (see Figures 1 and 2 and press releases of April 21, June 18 and June 23, 2020). This discovery has potential kilometre-scale extensions that have been subject to very limited surface exploration and no drilling.

The drilling results indicate that gold-bearing mineralization at the La Pointe Extension discovery and La Pointe have a similar geological character: hosted within a volcano-sedimentary sequence of the Yasinski Group (La Grande Subprovince) which is metamorphosed to amphibolite facies and strongly deformed by a regional WSW to ENE event. This sequence is in contact with sedimentary rocks of the Laguiche Group (Opinaca Subprovince) to the east. The lithologies are composed mainly of: 1) biotite-rich and silicified paragneiss with intrusions of granodiorite, tonalite and pegmatite, and 2) amphibolite (metamorphosed sedimentary iron formation and mafic volcanic rock). The gold mineralization is accompanied by disseminated arsenopyrite, pyrite and pyrrhotite and cross-cutting quartz-carbonate veinlets.

The Project provides the Company with a controlling position over a 23-kilometre-long segment of a favourable geological contact and comprises of 259 claims (131.1 km²). It is located 570 km north of Val-d’Or, 120 km east of the municipality of Wemindji, 90 km from the Éléonore gold mine and 47 km northeast of the paved James Bay Road. Good infrastructure is present including major access roads, a hydro-power grid and airports. Drilling can be carried out throughout the year.

Quality Assurance/Quality Control

The drilling contract was awarded to Forage Val-d’Or Inc. based in Val d’Or, Quebec. The DDH diameter is NQW. Drilling took place from January 15 to March 24, 2020. Quality assurance and quality control procedures have been 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 to the ALS Minerals laboratory facility in Val-d’Or, Quebec. The samples are weighed and identified prior to sample preparation.  All samples are analyzed by fire assay with AA finish on a 30 g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm  Au.

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Jean-Sébastien Lavallée (OGQ #773), geologist, Vice-President Exploration, director and shareholder of the Company, both Qualified Persons under NI 43- 101 on standards of disclosure for mineral projects, have prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore this project to advance it to the mineral resource estimate stage.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

---

Table 1: Sakami Project - Summary of significant gold results, La Pointe deposit and 
La Pointe Extension and Simon area - Press release of July 22, 2020.

Notes:

1. All widths are drill indicated core length.


2. DDH are generally planned to intersect mineralization as close to perpendicular to strike as possible.


3. True widths are estimated to range from 75% to 90% of the down-hole length when DDH inclination and dip of the mineralized horizons are considered.


4. All gold values presented are not capped.

La Pointe Deposit and La Pointe Extension

Hole #	UTM E	UTM N	Length (m)	Azimuth (°)	Dip (°)	Number of samples	From (m)	To (m)	Interval (m)	Au (g/t)
La Pointe Deposit
PT-20-138	375462	5895042	141	135	-50	94	No significant values
PT-20-139	375532	5895041	60	135	-50	59	36.50	40.00	3.50	4.15
PT-20-140	375496	5895077	174	135	-63	149	118.00	119.00	1.00	1.17
							173.00	174.00	1.00	1.68
PT-20-141	375536	5895107	132	135	-54	109	54.00	65.00	11.00	1.04
Including							54.00	55.50	1.50	3.41
Including							62.30	65.00	2.70	1.66
							79.40	80.50	1.10	1.13
							105.00	106.00	1.00	1.23
PT-20-142	375496	5895008	60	135	-50	62	39.00	40.00	1.00	1.31
PT-20-143	375623	5895020	201	0	-50	183	83.00	84.00	1.00	1.99
PT-20-144	375602	5894893	276	330	-50	209	69.00	72.00	3.00	1.68
							163.50	164.00	0.50	1.17
							193.80	195.00	1.20	1.15
PT-20-145	375650	5894909	216	335	-50	182	22.10	26.10	4.00	1.31
							45.30	96.90	51.60	0.60
Including							60.00	63.00	3.00	1.33
Including							72.50	79.00	6.50	2.14
PT-20-146	375695	5894940	270	0	-50	235	60.50	64.70	4.20	1.55
PT-20-147	375812	5894959	276	0	-50	214	22.00	29.00	7.00	2.69
							125.90	137.00	11.10	0.31
Including							125.90	127.40	1.50	1.09
							171.00	175.50	4.50	1.38
La Pointe Extension
PT-20-148	374470	5894276	345	145	-50	316	54.00	55.20	1.20	1.06
							241.20	241.60	0.40	5.61
							279.00	280.50	1.50	4.06
							288.90	296.50	7.60	2.91
PT-20-149	374202	5894096	348	145	-50	280	241.45	242.15	0.70	2.19
							252.50	253.20	0.70	5.06
PT-20-150	374263	5894016	270	143.4	-50.7	210	189.50	221.00	31.50	0.49
PT-20-151	373962	5893849	336	145	-50	300	231.90	312.00	80.10	1.15
Including							269.00	293.95	24.95	2.21
Including							288.00	293.95	5.95	4.63
PT-20-152	374632	5894963	729	27	-53	130	700.50	714.00	13.50	0.52
PT-20-153	374019	5893767	267	145	-50	222	152.10	187.50	35.40	1.45
Including							175.00	179.10	4.10	3.65
PT-20-154*	374017	5893857	366	145	-50	296	74.80	81.60	6.80	2.74
Including							80.10	81.60	1.50	11.75
							196.40	266.70	70.30	1.14
Including							196.40	233.30	36.90	1.66
PT-20-155	373935	5893799	294	145	-50	244	Assays pending
PT-20-156	373906	5893749	300	145	-50	278	Assays pending
PT-20-157	373865	5893720	378	145	-50	340	Assays pending
PT-20-158	373917	5893646	264	145	-50	227	Assays pending

Simon area

Hole ID	UTM E	UTM N	Length (m)	Azimuth(°)	Dip(°)	Number of samples	From (m)	To(m)	Interval (m)	Au (g/t)
SI-20-06	376176	5897593	165	315	-60	148	7.50	11.50	4.00	0.37
							23.60	31.50	7.90	0.30
							48.00	105.30	57.30	0.52
including							48.00	66.00	18.00	0.90
including							84.50	105.30	20.80	0.57
SI-20-07	376442	5897352	150	330	-60	121	No significant values
SI-20-08	376232	5897427	126	135	-75	39	78.50	80.30	1.80	0.72
SI-20-09	376143	5897503	146.20	315	-50	124	30.50	31.60	1.10	1.31
SI-20-10	376338	5897569	150	315	-50	48	No significant values
SI-20-11	376555	5897372	159	315	-50	70	Assays pending
SI-20-12	376759	5897593	129	315	-75	48	Assays pending
SI-20-13	377064	5897440	201	315	-75	22	Assays pending
SI-20-14	377005	5897500	150	315	-50	24	Assays pending
SI-20-15	376934	5897308	150	315	-50	5	Assays pending
SI-20-16	376176	5897593	219	315	-72	150	Assays pending

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Montreal, July 16, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: CJC, OTCQB:  CJCFF, FSE: YXEP) announces that due to ongoing concerns related to the spread of COVID-19, and in order to mitigate potential risks to the health and safety of its shareholders and communities, the Company has elected to postpone its annual general meeting of shareholders (the “Meeting”). As the COVID-19 situation evolves, the Company will set a date for the Meeting and file a notice of meeting and record date on SEDAR (www.sedar.com). The Company is also relying on the temporary blanket relief provided by the Canadian Securities Administrator, to postpone the filing of its executive compensation disclosure until such time as it is  filed and delivered to shareholders as part of the Company’s management information circular (the “Circular”) relating to the meeting in light of current advice from governmental and medical authorities on public gatherings.

The Meeting will be held by way of a live streaming platform video service. Further details with respect to the Meeting will be included in the Circular. The Company is continuing to closely monitor developments related to COVID-19 and may alter the format of the Meeting based on changing conditions and the prevailing advice at the time regarding restrictions on the number of people who can safety congregate.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to find the next gold mine in this territory.

For more information, please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

   Download PDF   |   View documents on Sedar

Montreal, July 2, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: CJC, OTCQB:  CJCFF, FSE: YXEP) is pleased to announce the start of the next phase of exploration on its 100%-owned Elmer East project located in the Eeyou Istchee James Bay territory of Quebec. This next phase of work follows the magnetic heliborne survey carried out earlier this year (see press releases of January 28 and 30, 2020) and the evaluation of all available data at the regional scale with the participation of GoldSpot Discoveries Corp. (TSX.V : SPOT). This surface work will consist of follow-up prospecting, geological mapping and rock sampling. This work will significantly improve the understanding of the gold exploration potential of the project.

The project consists of 929 claims (488 km²) and is located along trend from the recent Patwon prospect gold discovery made by Azimut Exploration Inc. It is to be noted that gold mineralization occurring at the Patwon prospect is not necessarily representative of mineralization that may be found on the Elmer East project. Access to the project is facilitated by the quality infrastructure of the James Bay region.

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Jean-Sébastien Lavallée (OGQ #773), geologist, Vice-President Exploration, director and shareholder of the Company, both Qualified Persons under NI 43- 101 on standards of disclosure for mineral projects, have prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to find the next gold mine in this territory.

For more information, please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

   Download PDF   |   View documents on Sedar

MONTREAL, QC – June 23, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSXV:CJC)(OTCQB:CJCFF)(FSE:YXEP) is pleased to announce that it is has resumed exploration activities on its 100%-owned Sakami project in the Eeyou Istchee James Bay territory of Quebec. The activities include a 7,000 m diamond drilling program in the area of the La Pointe Extension discovery using one drill rig. Drilling can be performed year-round (see press releases of January 14, April 21 and June 18, 2020).

The objective is to expand the La Pointe Extension discovery, which consists of several significant drill hole intersections, including 1.15 g/t Au over 80.1 metres. The recent drilling at the La Pointe Extension discovery indicates a gold mineralized system and significant exploration potential 2 km to the southwest of the La Pointe deposit. The drilling targets are defined by spatially correlated induced polarization (“IP”) and gold-arsenic soil geochemical anomalies as well as gold-bearing surface showings along a well-defined mineralized trend.

The activities during June comprise:

• an IP survey to expand the known anomalies to the southwest;
• capture of down-hole wall imaging data in selected drill holes to assist with the geological interpretation; and
• a bathymetry survey near the shoreline of the La Pointe deposit area.

QPM has implemented a rigorous protocol to ensure the protection of all stakeholders in the region and in accordance with the INSPQ and CNESST guidelines during the COVID-19 pandemic. The Company’s protocol has been communicated to and reviewed by the Cree Nation Government. QPM recognizes the excellent cooperation on the part of the Cree authorities to help with exploration programs during this challenging period. The Company concluded its winter program exploration programs on March 25, 2020, to respect the Government of Quebec’s decree in response to the COVID-19 pandemic.

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Jean-Sébastien Lavallée (OGQ #773), geologist, Vice-President Exploration, director and shareholder of the Company, both Qualified Persons under NI 43- 101 on standards of disclosure for mineral projects, have prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to find the next gold mine in this territory.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

   Download PDF   |   View documents on Sedar

• Results received from winter drilling program further underline gold mineralized system continuity and significant exploration potential to the SW of the La Pointe deposit
• Additional drill results received recently from the winter drilling campaign include (see Table 1 for the complete results of the campaign):
  PT-20-153: 1.45 g/t Au over 35.5 m incl. 4.1 g/t Au over 3.65 m
  PT-20-154: 6.80 g/t Au over 2.74 m incl. 11.75 g/t Au over 1.5 m
• Field logging and assaying are pending from 11 drill holes (“DDH”) completed

MONTREAL, QC – June 18, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSXV:CJC)(OTCQB:CJCFF)(FSE:YXEP) is pleased to report additional drill results at the La Pointe Extension discovery following the winter diamond drilling program on the 100% owned Sakami Project (the “Project”) in Quebec’s Eeyou Istchee James Bay territory. Significant additional drilling will be carried out this summer and fall to better define the exploration potential of this discovery. Field logging and assaying are pending from 5 DDH completed at the La Pointe Extension.

The La Pointe deposit and new La Pointe Extension discovery are part of a larger 2- kilometre-long mineralized trend on the Project striking SSW-NNE (see Figures 1 to 6). This discovery has potential kilometre-scale extensions that have been subject to very limited surface exploration and no drilling. Two high-grade surface grab samples (23.82 g/t Au, 9.52 g/t Au) located 700 m apart illustrate the potential of this area (see Figure 4).

The objective of the winter 7,448 m oriented-core drill program (see press release of April 21, 2020) was to expand the La Pointe deposit and the Simon new high-grade discovery.

The drilling results indicate that gold-bearing mineralization at the La Pointe Extension discovery and La Pointe have a similar geological character: hosted within a volcano-sedimentary sequence of the Yasinski Group (La Grande Subprovince) which is metamorphosed to amphibolite facies and strongly deformed by a regional WSW to ENE event. This sequence is in contact with sedimentary rocks of the Laguiche Group (Opinaca Subprovince) to the east. The lithologies are composed mainly of: 1) biotite-rich and silicified paragneiss with intrusions of granodiorite, tonalite and pegmatite, and 2) amphibolite (metamorphosed sedimentary iron formation and mafic volcanic rock). The gold mineralization is accompanied by disseminated arsenopyrite, pyrite and pyrrhotite and cross-cutting quartz-carbonate veinlets.

The Simon area is located 3 km NE of the La Pointe deposit and has a similar geological setting to the La Pointe and La Pointe Extension. Highlights of the drill results include 0.90 g/t Au over 18.0 metres. The drill results will be evaluated to identify additional drill targets to be tested. Field logging and assaying are pending from 6 DDH completed (see Figures 7 to 9).

The Project provides the Company with a controlling position over a 23-kilometre-long segment of a favourable geological contact and comprises of 259 claims (131.1 km²). It is located 570 km north of Val d’Or, 120 km east of the municipality of Wemindji, 90 km from the Éléonore gold mine and 47 km northeast of the paved James Bay Road. Good infrastructure is present including major access roads, a hydro-power grid and airports. Drilling can be carried out throughout the year.

Quality Assurance/Quality Control

The drilling contract was awarded to Forage Val d’Or Inc. based in Val d’Or, Quebec. The DDH diameter is NQW. Drilling took place from January 15 to March 24, 2020. Quality assurance and quality control procedures have been 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 to the ALS Minerals laboratory facility in Val-d’Or, Quebec. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30 g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Jean-Sébastien Lavallée (OGQ #773), geologist, Vice-President Exploration, director and shareholder of the Company, both Qualified Persons under NI 43- 101 on standards of disclosure for mineral projects, have prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore this project to advance it to the mineral resource estimate stage.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Table 1: Sakami Project - Summary of significant gold results, La Pointe deposit and La Pointe Extension and Simon area - Press release of June 18, 2020.

Notes:

1. All widths are drill indicated core length.


2. DDH are generally planned to intersect mineralization as close to perpendicular to strike as possible.


3. True widths are estimated to range from 75% to 90% of the down-hole length when DDH inclination and dip of the mineralized horizons are considered.


4. All gold values presented are not capped.

La Pointe Deposit and La Pointe Extension

Hole #	UTM E	UTM N	Length (m)	Azimuth (°)	Dip (°)	Number of samples	From (m)	To (m)	Interval (m)	Au (g/t)
La Pointe Deposit
PT-20-138	375462	5895042	141	135	-50	94	No significant values
PT-20-139	375532	5895041	60	135	-50	59	36.50	40.00	3.50	4.15
PT-20-140	375496	5895077	174	135	-63	149	118.00	119.00	1.00	1.17
							173.00	174.00	1.00	1.68
PT-20-141	375536	5895107	132	135	-54	109	54.00	65.00	11.00	1.04
Including							54.00	55.50	1.50	3.41
Including							62.30	65.00	2.70	1.66
							79.40	80.50	1.10	1.13
							105.00	106.00	1.00	1.23
PT-20-142	375496	5895008	60	135	-50	62	39.00	40.00	1.00	1.31
PT-20-143	375623	5895020	201	0	-50	183	83.00	84.00	1.00	1.99
PT-20-144	375602	5894893	276	330	-50	209	69.00	72.00	3.00	1.68
							163.50	164.00	0.50	1.17
							193.80	195.00	1.20	1.15
PT-20-145	375650	5894909	216	335	-50	182	22.10	26.10	4.00	1.31
							45.30	96.90	51.60	0.60
Including							60.00	63.00	3.00	1.33
Including							72.50	79.00	6.50	2.14
PT-20-146	375695	5894940	270	0	-50	235	60.50	64.70	4.20	1.55
PT-20-147	375812	5894959	276	0	-50	214	22.00	29.00	7.00	2.69
							125.90	137.00	11.10	0.31
Including							125.90	127.40	1.50	1.09
							171.00	175.50	4.50	1.38
La Pointe Extension
PT-20-148	374470	5894276	345	145	-50	316	54.00	55.20	1.20	1.06
							241.20	241.60	0.40	5.61
							279.00	280.50	1.50	4.06
							288.90	296.50	7.60	2.91
PT-20-149	374202	5894096	348	145	-50	280	241.45	242.15	0.70	2.19
							252.50	253.20	0.70	5.06
PT-20-150	374263	5894016	270	143.4	-50.7	210	189.50	221.00	31.50	0.49
PT-20-151	373962	5893849	336	145	-50	300	231.90	312.00	80.10	1.15
Including							269.00	293.95	24.95	2.21
Including							288.00	293.95	5.95	4.63
PT-20-152	374632	5894963	729	27	-53	130	700.50	714.00	13.50	0.52
PT-20-153	374019	5893767	267	145	-50	222	152.10	187.50	35.40	1.45
Including							175.00	179.10	4.10	3.65
PT-20-154*	374017	5893857	366	145	-50	296	74.80	81.60	6.80	2.74
Including							80.10	81.60	1.50	11.75
PT-20-155	373935	5893799	294	145	-50	244	Logging and assays pending
PT-20-156	373906	5893749	300	145	-50	To confirm	Logging and assays pending
PT-20-157	373865	5893720	378	145	-50	To confirm	Logging and assays pending
PT-20-158	373917	5893646	264	145	-50	To confirm	Logging and assays pending

*Logging and assays pending for part of the DDH

Simon area

Hole ID	UTM E	UTM N	Length (m)	Azimuth(°)	Dip(°)	Number of samples	From (m)	To(m)	Interval (m)	Au (g/t)
SI-20-06	376176	5897593	165	315	-60	148	7.50	11.50	4.00	0.37
							23.60	31.50	7.90	0.30
							48.00	105.30	57.30	0.52
including							48.00	66.00	18.00	0.90
including							84.50	105.30	20.80	0.57
SI-20-07	376442	5897352	150	330	-60	121	NSV
SI-20-08	376232	5897427	126	135	-75	39	78.50	80.30	1.80	0.72
SI-20-09	376143	5897503	146.20	315	-50	124	30.50	31.60	1.10	1.31
SI-20-10	376338	5897569	150	315	-50	48	No significant values
SI-20-11	376555	5897372	159	315	-50	70	Logging and assays pending
SI-20-12	376759	5897593	129	315	-75	48	Logging and assays pending
SI-20-13	377064	5897440	201	315	-75	22	Logging and assays pending
SI-20-14	377005	5897500	150	315	-50	24	Logging and assays pending
SI-20-15	376934	5897308	150	315	-50	5	Logging and assays pending
SI-20-16	376176	5897593	219	315	-72	To confirm	Logging and assays pending

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OTTAWA, ON – May 26, 2020 – UrbanGold Minerals Inc. (“UrbanGold” or the “Company” | TSXV: UGM) is pleased to announce it is expanding its land position in the Troilus area by entering into a definitive agreement with Quebec Precious Metals Corporation (“QPM“), pursuant to which it is acquiring the Chemin Troilus Property (the “Property“). The Property, consisting of 61 claims totaling 3,314 hectares, is adjacent to UrbanGold’s current land package. As consideration for the acquisition of the Property (the  “Acquisition“), the Company is issuing 800,000 common shares, making a one-time cash payment of $100,000 and assuming the pre-existing 2% net smelter return royalty. The Acquisition is subject to regulatory approvals, including approval by the TSX Venture Exchange.

Easily accessible by road, the Property is located along the Troilus Gold Corridor, a favorable horizon where the former Troilus Gold Mine, the SouthWest gold Zone and the Cressida gold Zone are all located further along strike to the northeast. The new acquisition brings UrbanGold’s total land package in the prospective Troilus area to 21,800 hectares. A map showing the location of the Property is adjoined and readers are invited to visit UrbanGold’s website for more information.

Qualified Persons

QPM – Normand Champigny, Eng., Chief Executive Officer of the Company, and Jean- Sébastien Lavallée (OGQ #773), geologist, Vice-President Exploration, director and shareholder of QPM, both Qualified Persons under National Instrument 43 – 101 on standards of disclosure for mineral projects (“NI 43-101”), have prepared and approved the technical content of this release.

UGM – Mathieu Stephens, P. Geo., President and Chief Executive Officer of UrbanGold, a Qualified Person under NI 43-101, has prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to find the next gold mine in this territory.

About UrbanGold

UrbanGold Minerals Inc. is a precious and base metals exploration company with its activities focused in key gold prospective areas of Quebec. The corporation specializes in project generation supported by substantial exploration expertise. The Company’s common shares trade on the TSX Venture Exchange under the symbol “UGM”.

Forward Looking Information

This news release may contain certain forward-looking information and statements, including without limitation the closing of the definitive agreement and obtaining regulatory approval. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties.  There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information.  A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in UrbanGold’s disclosure documents on the SEDAR website at www.sedar.com. UrbanGold does not undertake to update any forward-looking information except in accordance with applicable securities laws.

For further information:

QPM

Jean-François Meilleur
President
jfmeilleur@qpmcorp.ca
Phone (514) 951-2730

Normand Champigny
Chief Executive Officer
nchampigny@qpmcorp.ca
Phone (514) 979-4746

UGM

Mathieu Stephens, P.Geo
President and Chief Executive Officer
mstephens@urbangoldminerals.com

Jens Hansen, P.Eng
Chairman of the Board
jhansen@urbangoldminerals.com
Phone (613) 299-0666

www.urbangoldminerals.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Montreal, April 29, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: CJC, OTCQB:  CJCFF, FSE: YXEP) has released an updated corporate presentation on the Company website. This document can be downloaded here.

The document includes the recent drill results on the La Pointe Extension discovery and La Pointe deposit for the Sakami project as well as on the Elmer East project (see press releases of April 21, 2020 and January 30, 2020). The ALS analytical laboratory in Val d’Or has resumed operations and the pending assays results are expected during the month of May. The Company is in the process of preparing sections and continues to update the 3D model for the Sakami project with SGS Canada Inc., which will be released using the modelling software of VRIFY Technology Inc. This will improve the understanding of the mineralization and assist in the design of future drilling programs. The 3D model on the Company’s website will be updated once this work is completed.

The presentation also provides a summary in appendix of its non-core assets that are available for acquisition. 

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Jean-Sébastien Lavallée (OGQ #773), geologist, Vice-President Exploration, director and shareholder of the Company, both Qualified Persons under NI 43- 101 on standards of disclosure for mineral projects, have prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James  Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to find the next gold mine in this territory.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

   Download PDF   |   View documents on Sedar

• Results from step-out drilling indicate gold mineralized system continuity and significant exploration potential to the southwest of the La Pointe deposit
• New drilling reported is 2 km of the current deposit, and remains open for further expansion
• Select drill results (see Table 1) received from the winter drilling campaign include:

PT-20-139: 4.15 g/t Au over 3.5 m
PT-20-141: 1.04 g/t Au over 11.0 m
PT-20-145: 2.14 g/t Au over 6.5 m
PT-20-147: 2.79 g/t Au over 7.0 m
PT-20-148: 2.91 g/t Au over 7.6 m
PT-20-151: 1.15 g/t Au over 80.1 m incl. 2.21 g/t Au over 25 m (partial assays)

• Results from Induced Polarization (“IP”) survey suggest further extension of the intercepts to the southwest 
• Drilling on additional targets at the La Pointe deposit continues to suggest extension of mineralization in other areas
• Assays are pending from 19 drill holes (“DDH”) completed and additional drilling is planned starting in June

Montreal, April 21, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: CJC, OTCQB:  CJCFF, FSE: YXEP) is pleased to report the discovery of the La Pointe Extension following the winter diamond drilling program on the 100% owned Sakami Project (the  “Project”) in Quebec’s Eeyou Istchee James Bay territory. Significant additional drilling will be required to better define the exploration potential of this discovery. The La Pointe deposit and new La Pointe Extension discovery are part of a larger 13-kilometre-long mineralized trend on the Project striking SSW-NNE (see Figures 1 to 5).

Based on of the recently reported surface results (see press release of October 22, 2019), the objectives of the winter 7,448 m oriented-core drill program were to:

• expand the La Pointe deposit and the Simon new high-grade discovery; and
• test additional new targets across the mineralized trend that includes the Apple, Péninsule, JR and Île showings with gold mineralization detected in DDH, grab and trench samples.

Drilling is scheduled to start again in June. The Quebec governmental authorities, in response to the COVID-19 pandemic, has indicated that mineral exploration can resume in May 2020. The fully-funded continuation of the 25,000 m drilling program announced early this year is to be carried out with two drills already on site. The pending results from 19 DDH are summarized below:

	La Pointe & La Pointe Extension	Simon area
Assays pending	5 DDH and 2 DDH with partial assays (1,658.1 m)	10 DDH (1,526.2 m)
To be logged and assayed	3 DDH (942 m)	1 DDH (219 m)
Total	8 DDH (2,600.1 m)	11 DDH (1,745.2 m)

The drilling results indicate that gold-bearing mineralization at the La Pointe Extension discovery and La Pointe have a similar geological character: hosted within a volcano-sedimentary sequence of the Yasinski Group (La Grande Subprovince) which is metamorphosed to amphibolite facies and strongly deformed by a regional WSW to ENE event. This sequence is in contact with sedimentary rocks of the Laguiche Group (Opinaca Subprovince) to the east. The lithologies are composed mainly of: 1)  biotite-rich and silicified paragneiss with intrusions of granodiorite, tonalite and pegmatite, and 2) amphibolite (metamorphosed sedimentary iron formation and mafic volcanic rock). The gold mineralization is accompanied by disseminated arsenopyrite, pyrite and pyrrhotite and cross-cutting quartz-carbonate veinlets.

Key observations from the winter drilling program are as follows:

• Gold mineralization continues to be hosted in a silicified paragneiss horizon accompanied by pervasive silica and with varying amounts of arsenopyrite and pyrite. All DDH have intersected this horizon;
• Native gold has been observed (see photo);
• The preliminary interpretation of the La Pointe Extension discovery is based on the results of only three DDH (with partial results for PT-20-151), surface sampling and magnetic and IP surveys;
• Mineralization has been recognized over an estimated length of 900 m (open to the NE and SW) with an apparent width in drilling ranging from 10 to 80 metres;
• Mineralization is identified to a depth of 215 m, and remains open. True widths are estimated to range from 75% to 90% of the down-hole length;
• The geological continuity between DDH intercepts will be better defined with further data analysis and additional drilling;
• The La Pointe and La Pointe Extension, located in the central portion of the Project, has potential kilometre-scale strike that remain underexplored extensions; and
• The Simon area with results that include 14.20 g/t Au over 2 m, 5.05 g/t Au over 5.06 m, and 4.66 g/t Au over 3.50 m demonstrates the potential of the Project. It is located 3 km NE and part of a larger 13-kilometre-long mineralized trend (see Figure 2).

An IP survey is planned over the La Pointe Extension area on a 2.5 km by 1.0 km grid (see Figure 4). It is anticipated that the results from the survey will augment the size of the area to be drill-tested.

Normand Champigny CEO of QPM, stated: “The discovery of the La Pointe Extension is the most significant development on the Project since the creation of the Company. We look forward to start drilling again and demonstrate the very significant exploration potential of the Project.”

The Project provides the Company with a controlling position over a 23-kilometre-long segment of a favourable geological contact and comprises of 259 claims (131.1 km²). It is located 570 km north of Val d’Or, 120 km east of the municipality of Wemindji, 90 km from the Éléonore gold mine and 47 km northeast of the paved James Bay Road. Good infrastructure is present including major access roads, a hydro-power grid and airports. Drilling can be carried out throughout the year.

Quality Assurance/Quality Control

The drilling contract was awarded to Forage Val d’Or Inc. based in Val d’Or, Quebec. The DDH diameter is NQW. Drilling took place from January 15 to March 24, 2020. Quality assurance and quality control procedures have been 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 to the ALS Minerals laboratory facility in Val-d’Or, Quebec. The samples are weighed and identified prior to sample preparation.  All samples are analyzed by fire assay with AA finish on a 30 g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.

La Loutre and Lac des Îles graphite projects – Amending agreement

The Company announces that pursuant to the option agreement between Lomiko Metals Inc. (“Lomiko”) and QPM, the agreement has been amended as follows:

• Issuing to QPM within a period of five business days following the receipt of the required approval by the TSX Venture Exchange, 1,000,000 common shares of Lomiko; and
• Funding additional exploration expenditures totalling $1,125,000 on the La Loutre project, the Lac des Îles project and/or other designated properties as mutually agreed by Lomiko and QPM.

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Jean-Sébastien Lavallée (OGQ #773), geologist, Vice-President Exploration, director and shareholder of the Company, both Qualified Persons under NI 43- 101 on standards of disclosure for mineral projects, have prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore this project to advance it to the mineral resource estimate stage.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

---

Table 1: Sakami Project - Summary of significant gold results, La Pointe deposit & 
La Pointe Extension and Simon area

Hole ID	UTM E	UTM N	Length (m)	Azimuth	Dip	Number of samples	From (m)	To(m)	Interval (m)	Au (g/t)
La Pointe Deposit
PT-20-138	375462	5895042	141	135	-50	94	No significant values
PT-20-139	375532	5895041	60	135	-50	59	36.50	40.00	3.50	4.15
PT-20-140	375496	5895077	174	135	-63	149	118.00	119.00	1.00	1.17
							173.00	174.00	1.00	1.68
PT-20-141	375536	5895107	132	135	-54	109	54.00	65.00	11.00	1.04
Including							54.00	55.50	1.50	3.41
Including							62.30	65.00	2.70	1.66
							79.40	80.50	1.10	1.13
							105.00	106.00	1.00	1.23
PT-20-142	375496	5895008	60	135	-50	62	39.00	40.00	1.00	1.31
PT-20-143	375623	5895020	201	0	-50	183	83.00	84.00	1.00	1.99
PT-20-144	375602	5894893	276	330	-50	209	69.00	72.00	3.00	1.68
							163.50	164.00	0.50	1.17
							193.80	195.00	1.20	1.15
PT-20-145	375650	5894909	216	335	-50	182	22.10	26.10	4.00	1.31
							45.30	96.90	51.60	0.60
Including							60.00	63.00	3.00	1.33
Including							72.50	79.00	6.50	2.14
PT-20-146	375695	5894940	270	0	-50	235	60.50	64.70	4.20	1.55
							Partial assay results
PT-20-147	375812	5894959	276	0	-50	214	22.00	29.00	7.00	2.69
							125.90	137.00	11.10	0.31
Including							125.90	127.40	1.50	1.09
							171.00	175.50	4.50	1.38
La Pointe Extension
PT-20-148	374470	5894276	345	145	-50	316	54.00	55.20	1.20	1.06
							241.20	241.60	0.40	5.61
							279.00	280.50	1.50	4.06
							288.90	296.50	7.60	2.91
PT-20-149	374202	5894096	348	145	-50	280	241.45	242.15	0.70	2.19
							252.50	253.20	0.70	5.06
PT-20-150	374263	5894016	270	143.4	-50.7	210	Assays pending
PT-20-151	373962	5893849	336	145	-50	300	231.90	312.00	80.10	1.15
Including							269.00	293.95	24.95	2.21
Including							288.00	293.95	5.95	4.63
							Partial assay results
PT-20-152	374632	5894963	729	27	-53	130	Assays Pending
PT-20-153	374019	5893767	267	145	-50	222	Assays Pending
PT-20-154	374017	5893857	366	145	-50	296	Assays Pending
PT-20-155	373935	5893799	294	145	-50	244	Assays Pending
PT-20-156	373906	5893749	300	145	-50	To be logged and assayed
PT-20-157	373865	5893720	378	145	-50	To be logged and assayed
PT-20-158	373917	5893646	264	145	-50	To be logged and assayed

Hole ID	UTM E	UTM N	Length (m)	Azimuth	Dip	Number of samples	From (m)	To (m)	Interval (m)	Au (g/t)
Simon area
SI-20-06	376176	5897593	165	315	-60	148	Assays Pending
SI-20-07	376442	5897352	150	330	-60	121	Assays Pending
SI-20-08	376232	5897427	126	135	-75	39	Assays Pending
SI-20-09	376143	5897503	146.20	315	-50	124	Assays Pending
SI-20-10	376338	5897569	150	315	-50	48	Assays Pending
SI-20-11	376555	5897372	159	315	-50	70	Assays Pending
SI-20-12	376759	5897593	129	315	-75	48	Assays Pending
SI-20-13	377064	5897440	201	315	-75	22	Assays Pending
SI-20-14	377005	5897500	150	315	-50	24	Assays Pending
SI-20-15	376934	5897308	150	315	-50	5	Assays Pending
SI-20-16	376176	5897593	219	315	-72		To be logged and assayed

Notes:

• All widths are drill indicated core length.
• DDH are generally planned to intersect mineralization as close to perpendicular to strike as possible.
• True widths are estimated to range from 75% to 90% of the down-hole length when DDH inclination and dip of the mineralized horizons are considered.
• All gold values presented are not capped.

Sakami Project, La Pointe Extension, DDH PT-20-151