Author: joverv

   Download PDF   |   View documents on Sedar

MONTREAL, Nov. 29, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to announce that it has closed the previously announced $6,500,000 bought deal private placement (the “Offering”).  The Offering was conducted pursuant to the terms and conditions of an underwriting agreement entered into between the Company and a syndicate of underwriters led by Laurentian Bank Securities Inc., as lead underwriter and bookrunner, and including Canaccord Genuity Corp. (the “Underwriters”).

The Offering consisted of the issuance of 8,908,258 charity “flow-through” common shares of the Company (the “Charity FT Shares”) at a price of $0.40 per Charity FT Share, 7,105,517 Quebec “flow-through” common shares of the Company (the “Quebec FT Shares”) at a price of $0.29 per Quebec FT Share and 4,167,273 common shares of the Company (the “Hard Shares”) at a price of $0.22 per Hard Share, for aggregate gross proceeds of $6,540,703, which included an additional issuance of securities pursuant to the partial exercise by the Underwriters of an over-allotment option.

The net proceeds from the sale of the Hard Shares will be used by the Company for general corporate and working capital purposes.  The gross proceeds received by the Company from the sale of the Charity FT Shares and the Quebec FT Shares will be used to incur Canadian Exploration Expenses (“CEE”) that are “flow-through mining expenditures” (as such terms are defined in the Income Tax Act (Canada)) on the Sakami project and other James Bay projects located in the Province of Québec, which will be renounced to the subscribers with an effective date no later than December 31, 2019, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of Charity FT Shares and Quebec FT Shares.

In consideration for the services rendered in connection with the Offering, the Underwriters received a cash commission in the aggregate amount of $392,442. As additional consideration, the Corporation also issued to the Underwriters an aggregate of 1,210,863 non-transferable compensation warrants (the “Compensation Warrants”). Each Compensation Warrant is exercisable to acquire one common share of the Company at an exercise price of $0.30 at any time in whole or in part for a period of 24 months following the closing of the Offering.

All securities issued pursuant to this Offering will be subject to a restricted period expiring March 30, 2020, under applicable Canadian securities legislation. The Offering remains subject to the final approval of the TSX Venture Exchange.

QPM has been advised that Newmont Goldcorp Corporation (“Newmont Goldcorp”) has exercised its right to increase its ownership to 19.9% on a partially diluted basis by acquiring 4,407,808 common shares of the Company. This right had been granted to Newmont Goldcorp on April 25, 2018 pursuant to an Investor Rights Agreement with the Company.

Newmont Goldcorp had advised the Company that following the transaction, it now owns 10,541,042 common shares and 3,034,394 warrants, representing approximately 16.2% of the issued and outstanding common shares of QPM and 19.9% of the issued and outstanding share of QPM on a partially diluted basis. Prior to completion of the transaction, Newmont Goldcorp held 6,133,234 common shares and 3,034,394 warrants representing approximately 13.6% of the issued and outstanding common shares of QPM and 19.1% of the issued and outstanding common shares of QPM on a partially diluted basis. A copy of the Early Warning report filed by Newmont Goldcorp in connection with the transaction will be available on QPM’s SEDAR profile. Newmont Goldcorp’s head office is located at 6363 South Fiddler’s Green Circle, Suite 800, Greenwood Village, Colorado, 80111.

Some insiders of the Company, excluding Newmont Goldcorp, subscribed for a total of 592,718 Hard Shares of QPM. Participation by these insiders constitutes a related party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance of securities to the related parties is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority shareholder approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(b) of MI 61-101. The Company did not file a material change report 21 days prior to the closing of the Offering as the details of the participation of these insiders of the Company had not been confirmed at that time.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Québec, near Newmont Goldcorp 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.

   Download PDF   |   View documents on Sedar

Montreal, November 15, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to provide an update on the previously announced $6,500,000 bought-deal private placement (the “Offering”).  As a result of strong institutional demand for flow-through common shares in Quebec, the Company has added a third security to the Offering.  

The Offering shall now consist of a combination of (a) charity flow-through common shares of the Company (the “Charity FT Shares”) at a price of $0.40 per Charity FT Share, (b) Quebec flow-through common shares of the Company (the “Quebec FT Shares”) at a price of $0.29 per Quebec FT Share and (c) common shares of the company (the “Hard Shares”) at a price of $0.22 per Hard Share.

The Offering is scheduled to close on or about November 22, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including that of the TSX Venture Exchange.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a significant land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Goldcorp 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.

   Download PDF   |   View documents on Sedar

Montreal, October 29, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”)is pleased to provide a message from its Chief Executive Officer, Normand Champigny:

“We continue to make significant progress at our 100% owned Sakami gold project. The results from the summer surface program demonstrate the strength of the drill targets located along the 13-km mineralized trend. At the La Pointe deposit, the soil geochemical survey has delineated many new targets over a distance of 2 km to the west. These results represent a considerable potential upside for the La Pointe deposit. We are very excited to start drilling soon and systematically test the numerous target areas. Our goal remains the same: Identify a multi-million ounces resource through the project.”

“To fund the upcoming major drilling campaign, we have recently received financing from Laurentian Bank Securities as the lead and Canaccord Genuity Corp. as a comanager in the form of a bought deal totaling $ 6.5 million. We expect the closing of this financing within the next few weeks.”

“We are also looking forward to receiving and interpreting the surface results from the other James Bay gold projects: Cheechoo-Éléonore trend, Blanche, Charles, and Opinaca West. These results will provide a better understanding of these projects’ exploration potential.”

“Our shareholders can expect more news as we embark on the next phase of exploration. With a strong team and the required funding, we are excited about what the future holds.”

About Quebec Precious Metals Corporation

QPM is a gold explorer with a significant land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Goldcorp 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.

   Download PDF   |   View documents on Sedar

Montreal, October 22, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Laurentian Bank Securities Inc. pursuant to which the Underwriters have agreed to purchase for resale $6,500,000 of securities of the Company on a bought-deal private placement basis (the “Offering”). The Offering shall consist of a combination of (a) charity flow-through common shares of the Company (the “Charity FT Shares”) at a price of $0.40 per Charity FT Share and (b) common shares of the Company (the “Hard Shares”) at a price of $0.22 per Hard Share.

The Company has also granted the underwriters the option to purchase up to an additional 15% Charity FT Shares and Hard Shares, in such proportion as the underwriters may determine, exercisable at any time until 48 hours prior to Closing, to cover over-allotments, if any.

Pursuant to the transaction with Newmont Goldcorp Corporation (“Newmont Goldcorp”) announced on April 26, 2018, Newmont Goldcorp maintains their right to participate in any future equity financings undertaken by QPM in order to maintain its ownership interest or to acquire additional QPM shares in order to increase their ownership up to 19.9% (on a non-diluted basis).

The net proceeds from the sale of the Hard Shares will be used for general corporate and working capital purposes.  The gross proceeds received by the Company from the sale of the FT Shares will be used to incur Canadian Exploration Expenses (“CEE”) that are “flow-through mining expenditures” (as such terms are defined in the Income Tax Act (Canada) on the Sakami gold project and other James Bay gold projects in the Province of Québec, which will be renounced to the subscribers with an effective date no later than December 31, 2019, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of FT Shares.

The Offering is scheduled to close on or about November 15, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including that of the TSX Venture Exchange.

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 Goldcorp 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.

   Download PDF   |   View documents on Sedar

Montreal, October 22, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) or the “Company”) is pleased to announce the results of the summer heliborne combined magnetic, radiometric, and induced polarization (“IP”) surveys as well as the prospecting, rock and soil sampling program that was carried out on the Sakami project (see press release of September 24, 2019). QPM improved the definition of known drill targets and identified multiple new drill targets. The defined targets will be tested during the drilling program that is being designed and scheduled to commence later this year. The targets are characterized as follows:

• located along a 13-km mineralized trend striking SSW-NNE that includes the Apple, Péninsule, Simon, JR and Île showings (with gold mineralization detected in drillholes, grab and trench samples) and the La Pointe deposit (Figure 1);
• situated at a distance up to 1,500 m from the favourable contact between the Opinaca and La Grande geological subprovinces;
• spatially correlated with a major magnetic discontinuity present along the mineralized trend and sometimes with magnetic structures striking E-W;
• closely associated with iron formations, that are discontinuous and apparently folded; and
• spatially correlated with IP anomalies and gold and arsenic soil geochemical anomalies.

One of the highlights of the program was defining a high priority drill target in the Apple sector (Figure 2). A gold showing discovered in 2000 reported respectively 23.82 g/t Au and 4.73 g/t Au in grab samples. Two additional grab samples selected this summer reported 9.52 g/t Au and 6.37 g/t Au.

In addition, the soil sampling program validated the very encouraging results obtained from the soil sampling program carried out in 2018 (see press release of December 5, 2018) over a distance of approximately 2 km west of the La Pointe gold deposit. This area also includes high grade nickel mineralization from the re-analyses of recovered historical and unanalyzed drill core samples (see press release of October 2, 2019). These results will be subject of a subsequent press release during the fall.

The field work on the Cheechoo-Éléonore Trend, Charles and Blanche projects has been completed. Work on the Opinaca West project is in progress. Results will be available later this fall.

Matheson Joint Venture gold project, Timmins mining camp, Ontario

The Company holds a 50% interest in four non-contiguous blocks totalling 41 single cell mining claims, four patented (surface and mining rights) claims and three leases (surface and mining rights) totalling 13 km² of the Matheson joint venture project (“Matheson Project”), located 24 km from the Timmins city centre in Ontario. International Explorers and Prospectors Inc. (“IEP”) owns the other 50%. The Company and IEP have agreed to sell their respective interest in the Matheson Project.

The project covers prospective lithologies and structures analogous to the geological setting of the nearby Hoyle Pond gold mine operated by Newmont Goldcorp Corporation. The Hoyle Pond mine has produced 4 million ounces of gold at an average grade of 12 g/t gold from 1985 to 2018, making it one of the highest-grade deposits in the Timmins camp. Mineralization hosted on adjacent and/or nearby projects is not necessarily indicative of mineralization that may be hosted on the Matheson Project.

A number of exploration targets have been identified by past exploration programs but have not been systematically tested by drilling. 

The Company has filed a new National Instrument 43-101 Technical Report (“Technical Report”) for the Matheson Project. The Technical Report was prepared by Mr. Paul Chamois, P. Geo., of RPA Inc. (“RPA”), who is an independent qualified person under NI 43-101. The Technical Report  can be found on the Company’s website or under the Company’s profile at www.sedar.com. The Company continues to sell its interest in non-core projects or identify partners to pursue exploration (see press release dated May 23, 2019). 

Field Work and Quality Assurance/Quality Control

The heliborne mag and radiometric survey and IP surveys were carried out by GDS Data Solutions Inc. (based in Laval) and Geosig Inc. (based in Quebec City) respectively. Processing and interpretation of the geophysical data was performed by Inter Géophysique Inc. (based in Rosemere). Prospecting, rock and soil sampling was done by Consul-Teck Exploration Minière Inc. (based in Val d’Or).

Quality assurance and quality control procedures have been implemented to ensure best practices in sampling and analysis of the rock and soil samples. 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 aqua regia extraction with an inductively coupled plasma finish coupled with atomic emission spectroscopy (ICP-AES). The analytical procedure for gold is 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 RPA

RPA Inc. is a group of technical professionals who have provided advice to the mining industry for more than 30 years. During this time, RPA has grown into a highly respected organization regarded as the specialty firm of choice for resource and reserve work.

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 Goldcorp 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.

   Download PDF   |   View documents on Sedar

Montreal, October 2, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to report the results from the re-analyses of recovered historical and unanalyzed drill core samples (refer to press release of September  24,  2019). The core samples are from nine (9) holes drilled in 2008 by a previous operator on the project (Figure 1). A total of 51 samples from hole AP-08-12 were re- analyzed. High-grade nickel mineralization has been measured with samples that have returned up to 1.28% Ni, 0.26% Cu over 2.55 m (Table 1). This high-grade intercept and other high nickel values are hosted in mafic volcanic rocks with disseminated pyrite and pyrrothite. These rocks are within a sequence of quartzofeldspathic gneiss, quartz arenite, paragneiss and iron formation.

Table 1 – New assays from historical hole AP-08-12

Hole ID	UTM E	UTM N	Length (m)	Azimuth	Dip	From (m)	To (m)	Interval (m)	Au (g/t)	Cu %	Ni %
AP-08-12	373098	5894629	201	147	-50	86.05	105.00	18.95	0.04	0.05	0.62
including						86.05	93.20	7.15	0.07	0.03	0.88
including						86.05	100.00	13.95	0.04	0.07	0.70
including						87.30	90.30	3.00	0.10	0.04	1.14
including						97.45	100.00	2.55	0.03	0.26	1.28

Hole ID	From (m)	To (m)	Lithology
AP-08-12	86.05	87.30	Iron formation
	87.30	93.20	Paragneiss, Py-Po-As
	93.20	97.45	Quartz arenite
	97.45	100.00	Mafic volcanic,  Py-Po
	100.00	105.00	Quartzofeldspathic gneiss

QPM will continue its exercise of  relogging the core to strategically identify an optimized set of samples for re-assay during the fall. The ongoing surface exploration program continues to progress well. The objective of the current program is to identify the best targets for an anticipated drill program later this year. Details of the drilling program will be finalized following a review of the results of the 2019 surface program.

Quality Assurance/Quality Control

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 re-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 aqua regia extraction with an inductively coupled plasma finish coupled with atomic emission spectroscopy (ICP-AES). The analytical procedure for gold is 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 Goldcorp 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.

   Download PDF   |   View documents on Sedar

Montreal, September 24, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE:  YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to report that during the summer surface exploration program on its Sakami gold project, the exploration team has recovered historical and unanalyzed drill core samples by a previous operator on the project. The core samples are from nine (9) holes drilled in 2008 on the Company’s claims in an area denoted as the Apple sector, located approximately from 1  to 3 km WSW of the La Pointe gold deposit. This sector is on strike with the volcano-sedimentary sequence of the Yasinski Group (La Grande geological Subprovince). The volcano-sedimentary rocks are metamorphosed to amphibolite facies and strongly deformed by a regional WSW to ENE event. These rocks are within a sequence of quartz-feldspathic gneiss, quartz arenite, paragneiss and iron formation.

Following the re-logging of the historical drill core, 51 samples from hole AP-08-12 are being re- analyzed. Assays for all precious metals are pending. QPM will continue to relog the core to strategically identify the best core for additional assay testing during the fall.

Exploration update

Further to its July 30, 2019 press release, QPM provides an update on the first phase of the 2019 program as follows:

Sakami project

• Apple area – soil geochemistry (675 samples) survey and prospecting (175 grab samples) were completed, trenching and channel sampling is underway, analytical results are pending; and
• Apple-La Pointe-Simon-JR trend – Heli-borne magnetic and radiometric survey (1,400  line- km) completed, interpretation and integration with previous surveys is underway; and
• Simon-JR area – IP survey (15.6 line-km).

Cheechoo-Éléonore Trend project

• Soil geochemistry survey (952 samples) and prospecting (122 grab samples) were completed, analytical results are pending.

Annabelle, Blanche and Charles and Opinaca Gold West projects 

• Prospecting/rock sampling and reconnaissance geological mapping will begin at the end of September to better assess the exploration potential with the objective of inviting other parties to form partnerships or acquire these projects.

The surface program aims to develop targets for an anticipated drill program beginning during the fall. Details of the second phase of the program will be finalized following a review of the results of the first phase.

Quality Assurance/Quality Control

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 re-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 being analyzed by aqua regia extraction with an inductively coupled plasma finish coupled with atomic emission spectroscopy (ICP-AES). The analytical procedure for gold is 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 new gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Goldcorp 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.

   Download PDF   |   View documents on Sedar

Montreal, August 20, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM”) has appointed RPA Inc. (“RPA”) for the completion of an initial Mineral Resource estimate and a supporting NI 43-101 technical report for its 100% owned flagship Sakami gold project located in the Eeyou Istchee James Bay territory, Quebec. RPA will work in close collaboration with SGS Canada Inc. that was recently mandated to provide independent technical consulting assistance in connection with the development of a three-dimensional geological model for the project.

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 RPA

RPA Inc. is a group of technical professionals who have provided advice to the mining industry for more than 30 years. During this time, RPA has grown into a highly respected organization regarded as the specialty firm of choice for resource and reserve work.

About Quebec Precious Metals Corporation

QPM is a new gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Goldcorp 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.

   Download PDF   |   View documents on Sedar

Montreal, July 30, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to announce exploration plans for the first phase of the 2019 program in Quebec’s Eeyou Istchee James Bay territory. The  program will primarily focus on advancing its flagship Sakami project and the La Pointe deposit, a significant gold system where a total of 100 diamond drill holes have intercepted the deposit. The first phase of the program at Sakami can be summarized as follows:

• Apple area – soil geochemistry, prospecting, rock sampling, trenching and channel sampling;
• Apple-La Pointe-Simon-JR trend – Heli-borne magnetic and radiometric survey (1,400  line- km);
• La Pointe area – prospecting and geological mapping;
• Simon-JR area – IP survey (15 line-km), prospecting, stripping and rock sampling; and
• Île area including Bouleaux d’or – prospecting and rock sampling. 

In addition, soil geochemistry, prospecting/rock sampling and reconnaissance geological mapping will be carried out on the Annabelle, Blanche and Charles, Cheechoo-Éléonore Trend, and Opinaca Gold West projects to better assess the exploration potential with the objective of inviting other parties to form partnerships or acquire these projects.

“This is a very significant and exciting field season in QPM’s one-year history,” commented Normand Champigny, Chief Executive Officer. “Following a successful fall 2018 – winter 2019 campaign, our team continues to extend the size of the mineralized system at La Pointe and confirm the district size potential of the Sakami project. We expect this year’s program to be at least similar in size to last year’s, but with the vast majority of the meterage to be drilled at La Pointe. We  recognize the technical input from Newmont Goldcorp, our largest shareholder (13.5%). We will continue to work with them and take advantage of their deep expertise.”

In preparation for future drilling, exploration activities are planned to help develop targets for an anticipated drill program beginning during the early part of the fall. Details of the second phase of the program will be finalized following a review of the results of the first phase.

Results from Annual General Meeting of shareholders

The Company announces that, at its annual meeting held on July 24, 2019, shareholders of the Company approved all the items, including:

• Election of Mario Caron, Normand Champigny, Dominique Dionne, John W.W. Hick, Jean- Sébastien Lavallée, Charles B. Main and Jean-François Meilleur as directors; and
• Appointment of KPMG LLP as auditors.

QPM also announces that it has engaged Peak Investor Marketing Corp. to provide certain marketing, public relations and advisory services.

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 new gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Goldcorp 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.

   Download PDF   |   View documents on Sedar

Montreal, July 12, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to report that it has engaged SGS Canada Inc. (“SGS”) to provide independent technical consulting assistance in connection with the development of a three-dimensional resource model for its 100% owned flagship Sakami gold Project (the “Project”) located in the Eeyou Istchee James Bay territory, Quebec. SGS provides an experienced team of engineers and geoscientists with significant technical expertise pertaining to the development of the model. The Corporation will also have other independent consultants involved in the preparation and validation of the resource model.

In 2017 SGS prepared a NI 43-101 technical report on the Project (available on QPM’s web site and on Sedar’s web site at www.sedar.com), for Canada Strategic Metals Inc. (“Canada Strategic”) and Matamec Explorations Inc. (“Matamec”) with a date of issue of November 24, 2017. On June 28, 2018 Canada Strategic and Matamec announced the closing of the business combination to create QPM.

Stock options for non-new directors and officers

The Company also announces that it has granted an aggregate of 1,100,000 stock options (the “Options”) of the Company. Of this number, 1,000,000 have been granted to its non-new directors and officers, and 100,000 to two consultants. Each Option entitles its holder to purchase one common share of the Company at a price of $0.35 per share for a five-year period, vesting 1/3  at the time of grant, 1/3 on the first anniversary of the date of grant and 1/3 on the second anniversary of the grant. Options granted to the consultants are exercisable for a two-year period and will vest immediately. Options are granted in accordance with Policy 4.4 of the TSX Venture Exchange and the terms and conditions of the Company’s stock option plan (the “Stock Option Plan”).

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 new gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Goldcorp 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

Paradox Public Relations
Tel: 514 341-0408

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.