Author: joverv

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Montreal, November 24, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to provide five additional drill results from the 19-hole summer and fall diamond drilling program at La Pointe Extension on the Sakami Project (the “Project”) in Quebec’s Eeyou Istchee James Bay territory. The program aimed to expand and define the 600 m strike length of mineralization discovered during the 2020 winter campaign at la Pointe Extension. A total of 4,912 m in 19 holes were completed during this campaign. Results from 9 holes are pending.

Normand Champigny, CEO of QPM, stated: “The drilling results at Sakami, and in particular, La Pointe Extension, continue to be consistent and very encouraging. Once again, La Pointe Extension delivered a very long intercept of 1.31 g/t Au over 42 m, and also with a higher grade portion of  1.95 g/t Au over 16.8 m.”

Table 1 presents the results of the five holes. Figures 1, 2 and 3 show the drill results from all holes reported to date in plan, longitudinal section and cross-section. 

La Pointe deposit and La Pointe Extension discovery

The La Pointe deposit and the new La Pointe Extension discovery are part of a larger 2- kilometre-long mineralized trend on the Project striking SSW-NNE. This discovery has potential kilometre-scale extensions that have been subject to very limited surface exploration and no drilling before 2020. Two high-grade surface grab samples (23.82 g/t Au, 9.52 g/t Au) located 700 m apart further illustrate the potential of this discovery.

The drilling results indicate to date that gold-bearing mineralization at the La Pointe Extension discovery and at La Pointe has 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 259 claims (131.1 km²). It is located 570 km north of Val d’Or, Quebec, 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-powered electric grid and airports. Drilling can be carried out throughout the year.

The Company also announces that it has re-engaged Red Cloud Financial Services Inc. (“RCFS ”) to provide certain marketing services for a period beginning November 18, 2020 and ending January 21, 2021 (see news release dated December 3, 2019 for more details on the engagement). Following such period, if the Company does not elect to terminate the engagement, a fee of $10,000 per month will be payable to RCFS from February 1, 2021 to July 31, 2021.

Quality Assurance/Quality Control

The drilling contract was awarded to Forage Val-d’Or Inc. based in Val-d’Or, Quebec. The hole 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 Tony Brisson, P. Geo., Senior Exploration Manager, 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 discovery - Press release of November 24, 2020

Notes:

1. All widths are drill indicated core length.


2. Drilholes 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 drillhole inclination and dip of the mineralized horizons are considered.


4. All gold values presented are not capped.

La Pointe Extension

Hole #	UTM E	UTM N	Length (m)	Azimuth()	Dip()	Nb of samples	From (m)	To(m)	Interval (m)	Au (g/t)
PT-20-162	374079	5893773	208.5	145	-47	200	98.00	99.00	1.00	5.11
							124.00	166.00	42.00	1.31
Including							133.70	150.50	16.80	1.95
							182.40	187.80	5.40	0.97
PT-20-165	374117	5893902	363	145	-70	190	40.50	43.00	2.50	0.93
							229.30	230.80	1.50	3.52
							237.00	240.00	3.00	1.04
							244.50	252.80	8.30	0.92
							267.00	270.00	3.00	0.33
							303.00	307.50	4.50	1.14
PT-20-166	374239	5893899	234	145	-47	172	34.50	36.00	1.50	2.92
							90.00	97.20	7.20	1.92
							111.50	132.50	21.00	0.61
							123.50	132.50	9.00	1.11
PT-20-167	374239	5893899	312	145	-70	216	28.90	30.40	1.50	1.17
							50.50	51.80	1.30	1.01
							117.00	164.80	47.80	0.53
PT-20-168	374592	5894282	306	145	-57	275	46.90	47.60	0.70	2.77
							103.60	116.15	12.55	0.44
							182.00	194.00	12.00	1.03
Including							182.00	190.00	8.00	1.44
PT-20-169	374619	5894235	264	145	-45	167	Assays pending
PT-20-170	374540	5894163	234	145	-47	206	Assays pending
PT-20-171	374464	5894106	225	145	-47	152	Assays pending
PT-20-172	374464	5894106	291	145	-65	200	Assays pending
PT-20-173	374369	5894068	288	145	-47	221	Assays pending
PT-20-174	374369	5894068	348	145	-65	270	Assays pending
PT-20-175	374715	5894264	222	145	-47	165	Assays pending
PT-20-176	374715	5894264	21	145	-65	13	Assays pending
PT-20-176A	374715	5894264	303	145	-65	230	Assays pending

 

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Montreal, November 9, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to report the drill results of the first five holes at the La Pointe Extension discovery obtained following the 19-hole summer and fall diamond drilling program on the Sakami Project (the “Project”) in Quebec’s Eeyou Istchee James Bay territory (see the Company’s press releases of September 10, August 13, June 23, June 18 and April 21, 2020). The program aimed to better define and expand the zone of 600 m in strike length at the la Pointe Extension discovery made during the 2020 winter campaign. A total of 4,912 m in 19 holes were completed during this campaign. Results from 14 holes are pending.

Normand Champigny, CEO of QPM, stated: “We are very pleased with these results. They show the expansion of the discovery along strike and at depth and confirm the strong exploration potential of the Sakami Project.”

Highlight of the recent results received to date is 0.93 g/t Au over 101 m, including 1.10 g/t Au over 80 m, in hole PT-20-159. Table 1 presents the complete results of the program. Figures 1, 2 and 3 show the drill results in plan, longitudinal section and cross-section. 

The La Pointe deposit and the new La Pointe Extension discovery are part of a larger 2- kilometre-long mineralized trend on the Project striking SSW-NNE. This discovery has potential kilometre-scale extensions that have been subject to very limited surface exploration and no drilling before 2020. Two high-grade surface grab samples (23.82 g/t Au, 9.52 g/t Au) located 700 m apart further illustrate the potential of this discovery.

The drilling results indicate to date that gold-bearing mineralization at the La Pointe Extension discovery and at 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, Quebec, 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-powered electric 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 hole 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 Tony Brisson, P. Geo., Senior Exploration Manager, 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 November 9, 2020.

Notes:

• All widths are drill indicated core length.


• Drilholes 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 drillhole inclination and dip of the mineralized horizons are considered.


• All gold values presented are not capped.

La Pointe Extension

Hole #	UTM E	UTM N	Length (m)	Azimuth (°)	Dip (°)	Number of samples	From (m)	To (m)	Interval (m)	Au (g/t)
PT-20-159	373962	5893849	429	145	-65	342	291.00	392.00	101.00	0.93
Including							291.00	371.00	80.00	1.10
Including							303.50	371.00	67.50	1.21
PT-20-160	373963	5893671	219	145	-50	213	148.00	165.00	17.00	0.28
Including							148.00	161.00	13.00	0.31
PT-20-161	373995	5893714	207	145	-47	166	84.80	88.60	3.80	0.67
							135.50	166.50	31.00	0.62
PT-20-162	374079	5893773	208,5	145	-47	200	Assays pending
PT-20-163	374160	5893827	189	145	-50	111	95.30	163.80	68.50	0.70
Including							119.60	136.50	16.90	0.78
Including							153.40	163.80	10.40	1.85
Including							160.30	161.40	1.10	10.30
PT-20-164	374160	5893827	249	145	-65	181	60.40	66.40	6.00	1.34
Including							60.40	61.00	0.60	10.60
							91.60	94.20	2.60	2.94
							108.20	172.70	64.50	0.62
Including							139.00	153.50	14.50	1.32
							190.00	194.20	4.20	0.49
PT-20-165	374117	5893902	363	145	-70	190	Assays pending
PT-20-166	374239	5893899	234	145	-47	172	Assays pending
PT-20-167	374239	5893899	312	145	-70	216	Assays pending
PT-20-168	374592	5894282	306	145	-57	275	Assays pending
PT-20-169	374619	5894235	264	145	-45	167	Assays pending
PT-20-170	374540	5894163	234	145	-47	206	Assays pending
PT-20-171	374464	5894106	225	145	-47	152	Assays pending
PT-20-172	374464	5894106	291	145	-65	200	Assays pending
PT-20-173	374369	5894068	288	145	-47	221	Assays pending
PT-20-174	374369	5894068	348	145	-65	270	Assays pending
PT-20-175	374715	5894264	222	145	-47	165	Assays pending
PT-20-176	374715	5894264	21	145	-65	13	Assays pending
PT-20-176A	374715	5894264	303	145	-65	230	Assays pending

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Montreal, October 26, 2020 – Quebec Precious Metals Corporation (TSX.V: QPM, OTCQB:CJCFF, FSE: YXEP) (“QPM” or the “Company”) is pleased to announce the appointment Robert P. “Bob” Boisjoli as Chief Financial Officer and Corporate Secretary, effective immediately. He succeeds Nathalie Laurin. Mr. Boisjoli is Managing Director of Atwater Financial Group (“Atwater”) and a Fellow Chartered Professional Accountant with over 30 years of operational and advisory experience, including in the mining sector. He is the founder of two companies, sits on the boards of directors of public and private companies where he is also the audit committee chairman, and is a board member of various non-profit organizations.”

“We are very pleased to welcome Robert to our team. His experience and industry knowledge will be a significant asset to QPM. We to take this opportunity to thank Nathalie for her tremendous dedication and loyal service since the creation of the Company.” stated Normand Champigny,
Chief Executive Officer of QPM.

The Company has granted to Mr. Boisjoli stock options (the “Options”) exercisable into an aggregate of 150,000 shares of QPM. In addition 85,000 Options have been granted to two consultants working with M. Boisjoli at Atwater. The Options have an exercise price of $0.23 per share exercisable within a five-year period.

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.

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Montreal, October 21, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB:  CJCFF, FSE: YXEP) announces that at its Annual and Special General shareholders meeting held on October 20, 2020, shareholders of the Company approved all the resolutions, as follows:

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

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.

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Montreal, October 15, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB:  CJCFF, FSE: YXEP) today provides an update on its exploration programs in the Quebec’s Eeyou Istchee James Bay territory. The main focus was to carry out a drilling program to advance the Sakami gold project to the resource estimate stage by the end of the year. Surface exploration work was also carried out to provide an initial assessment of exploration targets on the Company’s Elmer East project.

“In spite of the delays related to the COVID-19 pandemic, we are pleased with our accomplishments so far this year,” stated Normand Champigny, CEO of QPM. “As of early October 2020, we have completed 12,500 metres of drilling this year and expanded considerably the exploration potential of the Sakami project with the discovery of the La Pointe Extension. In addition, we have made an early stage gold and base metals discovery on the Elmer East project. Our exploration efforts in 2021 will be centered on these two projects.”

The remainder of the 2020 program will consist of:

• Preparation of an updated geological model in light of the drilling results from the La Pointe Extension drilling during the fall;
• Evaluation of the channel sampling program recently completed at the Lloyd discovery on the Elmer East project; and
• Planning exploration programs on the Company’s projects on the Eeyou Istchee James Bay territory for the entire 2021 and drilling programs on the Sakami project at the beginning of the upcoming winter. 

QPM has released an updated corporate presentation on the Company’s website. This document using the following link: 

https://www.qpmcorp.ca/corporate-presentation/

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Tony Brisson, P. Geo., Senior Exploration Manager, 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.

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Montreal, October 8, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB:  CJCFF, FSE: YXEP) reminds its shareholders (the “Shareholders”) that its annual and special general meeting (the “Meeting”) will be held on October 20, 2020 at 10:00 a.m. (Eastern time), solely by means of remote communication, rather than in person, at the time and for the purposes set forth in the Notice of Meeting available on SEDAR under the Company’s profile and also on QPM’s web site.

Due to the public health impact of COVID-19, and to mitigate risks to the health and safety of our community, Shareholders, employees and other stakeholders, the Company is conducting a virtual meeting of the Shareholders of the Company. Shareholders will not be able to attend the Meeting in person.

Instead, registered shareholders and duly appointed proxyholders can virtually attend, participate, vote or submit questions at the virtual Meeting online by registering at the following link:

https://ca1se.voxco.com/SE/?st=imZLd8veiGiA3fn7w9CTxqnnmMuUgc9ATUXqXGckU%2FE%3D

After registering, you will receive a confirmation email with access instructions. A Shareholder will not be able to attend the meeting without first registering on the link indicated above. To ensure a smooth process, the Company is asking registered participants to log in by 09:45 a.m..
(Eastern time) on October 20, 2020.

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

• Results received from 2020 summer surface sampling program confirms a new gold mineralized system with several new high-grade grab samples (Table 1, Figures 1 to 3 and photo).
• Lloyd showing is outcropping over a distance of 60 m near the Eastmain river and remains open in all directions.
• 1 to 2 m wide quartz vein grading up to 17.75 g/t Au, with galena, sphalerite and chalcopyrite was discovered by prospecting high priority targets previously generated by GoldSpot Discoveries Corp.
• Another anomalous quartz vein with 0.33 g/t Au was also sampled 400 m east of the initial discovery, following the same interpreted regional scale fault, demonstrating the continuity of the new gold and base metals system.
• Next steps will include additional prospecting, and channel sampling of the area.

Montreal, September 16, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to report the discovery of a new gold and base metals system following the summer prospecting program on the 100% owned Elmer East Project (the “Project”) in Quebec’s Eeyou Istchee James Bay territory and is located east of the recent Patwon prospect gold discovery made by Azimut Exploration Inc. A total of 425 grab samples were collected during the summer field program on the Project. Prospecting work was carried out with the participation of GoldSpot Discoveries Corp. (TSX.V : SPOT) and QPM staff.  Additional work including channel sampling will be carried out in the fall to better assess the exploration potential of this discovery.

The Lloyd showing consists of a 1 to 2 m wide SW-NE shallow dipping oxidized quartz vein with various amount of sulphides (galena, sphalerite and chalcopyrite) over a distance of approximately 60 metres. A total of 9 grab samples were taken from the vein, returning gold values ranging from 0.42 g/t Au to 17.75 g/t Au with an average 5.41 g/t Au. Silver values averaged 29.2 g/t Ag. Anomalous copper, zinc and lead values were also observed with zinc values up to 7.99% Zn. Although very limited follow up prospecting work was carried out in the vicinity of the discovery, another quartz vein with traces of pyrite located 400 m east of the showing returned 0.33 g/t Au suggesting the possible continuity of the system along the interpreted fault. Table 1 and Figures 1 to 3 below summarizes the grab sample results and present their locations.

Table 1: List of grab samples and assay values from the new discovery.

Sample #	UTM E	UTM N	Au (g/t)	Ag(g/t)	Cu (%)	Zn (%)	Pb (%)
B566181	367059	5795444	17.75	29.2	0.11	NSV	1.75
B565106	367081	5795453	13.55	23.0	0.13	1.98	1.35
B566182	367068	5795447	5.19	21.2	0.14	1.13	NSV
B566114	367083	5795471	2.66	67.2	0.06	2.33	2.49
B565107	367083	5795458	1.89	33.5	0.13	NSV	1.42
B565179	367052	5795442	1.77	13.66	0.77	7.99	NSV
B566113	367085	5795477	0.42	6.47	0.02	NSV	NSV
B565112	367085	5795477	0.88	20.1	0.03	1.09	NSV
B566180	367057	5795440	4.64	48.9	0.54	5.68	1.87

NSV: No significant value.

Mineralization is hosted in an extensional vein in a weakly chloritized wacke and paragneiss near the contact with a polygenic conglomerate of the Wabamisk formation. 

The Elmer East project consists of 929 claims (488 km²). It is to be noted that: 1) gold mineralization discovered at Elmer East is not necessarily representative of mineralization found at the Patwon prospect, and 2) grab samples are selected samples and are not representative of the mineralization hosted on the Project. Access to the project is facilitated by the quality infrastructure of the James Bay region. 

Quality Assurance/Quality Control

Grab sample positions were recorded with a high-precision GPS. Quality assurance and quality control procedures have been implemented to ensure best practices in sampling and analysis of the grab samples. 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. Samples were also tested for multi-element using four-acid digestion.

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Tony Brisson, P. Geo., Senior Exploration Manager, 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.

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• Highlights from the 2020 winter drilling program at the La Pointe Extension (located 2 km southwest of the La Pointe deposit are:
  
  
  • 1.15 g/t Au over 80.10 m including 4.63 g/t Au over 5.95 m
  • 1.14 g/t Au over 70.30 m including 1.66 g/t Au over 36.90 m
  • 1.45 g/t Au over 35.40 m
  • 1.03 g/t Au over 53.80 m

• Results received from winter drilling program further underline 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)
• Ongoing 7,000 m drilling campaign testing the extension of the new discovery and the new target area identified by the recent IP survey

Montreal, September 10, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to report the remaining drill results at the La Pointe Extension discovery and a near surface discovery at Simon area following the winter diamond drilling program on the 100% owned Sakami Project (the “Project”) in Quebec’s Eeyou Istchee James Bay territory (see the Company’s press releases of August 13, June 23, June 18 and April 21, 2020). A total of 7,000 m of additional drilling is planned be completed this fall to further extend and define the exploration potential of the La Pointe Extension discovery.

Normand Champigny, CEO of QPM, stated: “The discovery of the La Pointe Extension marks a turning point for the Company and highlights the strong exploration potential of the Sakami Project. We are pleased with the initial results and are excited to test the continuity of the structure identified at the La Pointe Extension and a new target area uncovered by the IP survey. We are also pleased that Windfall Geotek Inc. (TSX-V:WIN) has worked closely with us to validate and identify high priority targets on the Project”.

The La Pointe deposit and the new La Pointe Extension discovery are part of a larger 2- kilometre-long mineralized trend on the Project striking SSW-NNE (see the Company’s press releases Figures 1 and 2). 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 further illustrate the potential of this discovery (see Figures 1 and 2). The ongoing 7,000m diamond drilling campaign will aim to expand the 300 m strike length of the la Pointe Extension identified during the winter campaign.

The drilling results indicate to date that gold-bearing mineralization at the La Pointe Extension discovery and at 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 0.73 g/t Au over
54 m from 54 m depth in hole SI-20-16 including 0,91 g/t Au over 24,5m (see Figure 3). The drilling program was designed to test the extension of mineralized zones identified from surface sampling and previous drilling. Gold mineralization is associated with highly deformed iron formations hosted in metavolcanic and paragneiss rocks and at the proximity of a tonalitic intrusive. The results demonstrate the presence of high grade zones and their continuity needs to be better established. The drill results will be evaluated to identify additional drill targets to be tested.

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, Quebec, 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-powered electric 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 hole 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 Tony Brisson, P. Geo., Senior Exploration Manager, 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 September 9, 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
PT-20-152	374632	5894963	729	27	-53	130	700.50	714.00	13.50	0.52
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
							287.00	333.00	46.00	0.25
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-20-153	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	225.10	278.90	53.80	1.03
PT-20-156	373906	5893749	300	145	-50	278	220.70	248.00	27.30	0.29
PT-20-157	373865	5893720	378	145	-50	340	216.90	258.00	41.10	0.47
							333.05	354.00	20.95	0.39
PT-20-158	373917	5893646	264	145	-50	227	151.00	175.50	24.50	0.52
							227.30	235.90	8.60	0.46

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	No significant values
SI-20-12	376759	5897593	129	315	-75	48	No significant values
SI-20-13	377064	5897440	201	315	-75	22	No significant values
SI-20-14	377005	5897500	150	315	-50	24	No significant values
SI-20-15	376934	5897308	150	315	-50	5	No significant values
SI-20-16	376176	5897593	219	315	-72	150	54.00	108.00	54.00	0.73
including							55.00	79.50	24.50	0.91

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Montreal, August 13, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to report the results of an induced polarization (“IP”) geophysical survey conducted this summer to the southwest of the La Pointe Extension discovery on the 100% owned Sakami Project (the “Project”) in Quebec’s Eeyou Istchee James Bay territory in Quebec (see press releases of April 21, June 18, June 23 and July 22, 2020). 

Highlights are as follows:

• moderate to strong IP anomalies over a distance of more than 2 km
  (see Figures 1 and 2);
• 800 m long extension of the interpreted axis of the anomalies to the northwest; and
• new anomalies located SE and NW of the La Pointe Extension area that will be tested during the drilling campaign.

These anomalies are:

• new drill targets spatially correlated with strong gold and arsenic soil geochemical anomalies, high-grade mineralized outcrops and recently disclosed mineralized drillhole intersections;
• sub-cropping, continuous at depth and dip steeply to the southeast; and
• represented by resistivity lows and chargeability highs.

Normand Champigny, CEO of QPM, stated: “We are very excited by the continuity and the size of the anomalies that we are drilling. This re-affirms the strong exploration potential of the La Pointe Extension discovery.”

The IP survey totalling 30.0 line-km and covering an area more than 1 km laterally was completed along lines varying from 850 to 1,350 m with a spacing of 100 m and was carried out by TMC Geophysics, based in Val d’Or, Quebec. The interpretation of the results was reviewed by Inter Géophyique Inc., based in Rosemere.

A 7,000 m drilling campaign is underway to better define the exploration potential of this discovery. Assaying is pending from 4 drill holes completed at the La Pointe Extension and 6 drill holes completed at the Simon area during the winter drilling program.

The La Pointe deposit and the new La Pointe Extension discovery are part of a larger 2-kilometre-long mineralized trend on the Project striking SSW-NNE. This discovery has potential kilometre-scale extensions that have been subject to very limited surface exploration and no drilling.

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.

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Tony Brisson, P. Geo., Senior Exploration Manager, both Qualified Persons under NI 43- 101 on standards of disclosure for mineral projects, have reviewed 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.

   Download PDF   |   View documents on Sedar

Montreal, August 4, 2020 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: CJC, OTCQB:  CJCFF, FSE: YXEP) announces that the TSX Venture Exchange (“TSXV”) has approved a change in the Company’s stock symbol trading on the TSXV. 

Effective on or about August 7, 2020, the Company’s common shares will trade on the TSXV under the symbol “QPM” (TSXV:QPM). The previous trading symbol was “CJC”.

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.