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Quebec Precious Metals grants stock options

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MONTREAL, June 21, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) announces that, pursuant to the Company’s stock option plan (the “Stock Option Plan”), it has granted to its three new directors stock options (the “Options”) exercisable into an aggregate of 450,000 shares in the Company. The Options are exercisable at $0.34 per share with a five-year term. One-third of the Options will vest on the date of the grant, one-third on the one-year anniversary from the date of the grant and one-third on the second anniversary. The Options are granted in accordance with Policy 4.4 of the TSX Venture Exchange and the terms and conditions of the Stock Option Plan.

In the press release dated May 31, 2019, the Company announced that Mr. François Biron is not standing for re-election at the Annual Shareholders’ Meeting to be held on July 24, 2019.  Since then he has resigned from the Board together with Mr. Jean-Raymond Lavallée. The Board of Directors thanks both Mr. Biron and Mr. Lavallée for their contributions during their tenures and, in particular in the case of Mr. Lavallée, in connection with the execution of exploration programs on QPM’s Sakami project.

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 ÉlĂ©onore 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.

Quebec Precious Metals: Message from the CEO

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Montreal, June 18, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to provide an update from its Chief Executive Officer, Normand Champigny:

“Significant progress has been made since the creation of the Company a year ago. At our 100% owned Sakami gold project, we have expanded the size of the La Pointe deposit and drilled new near-surface gold discoveries at the Simon-JR area, located 6 to 8 km of La Pointe. The drill results highlights are as follows (see September 10, 2018 press release):

La Pointe deposit

PT-18-116: 3.89 g/t Au over 14.9 m including 4.26 g/t Au over 11.9 m
PT-18-118: 3.22 g/t Au over 31.5 m including 5.11 g/t Au over 15.0 m
PT-18-120: 3.59 g/t Au over 27.0 m including 5.06 g/t Au over 15.0 m

Simon-JR area discovery

SI19-02: 14.20 g/t Au over 2.0 m including 2.34 g/t Au over 15.25 m
SI19-03:   5.05 g/t Au over 5.06 m.

The James Bay Eeyou Istchee territory is witnessing an increased level of exploration activity. This is exemplified by the drilling of the Mythril high-grade copper-gold-molybdenum-silver discovery of Midland Exploration Inc. and supported by BHP Billiton Canada Inc.’s recent investment of $5.9 M in Midland. We are in close proximity of this discovery with two 100% owned projects: Blanche and Charles.

We are now in the exploration program planning phase and will announce shortly more details on our summer and fall programs. The results of the exploration programs will provide a steady news flow over the coming months. With our excellent capital structure and support from shareholders including Newmont Goldcorp Corporation, Caisse de dépôt et placement du Québec, PE Partners and Investissement Québec, we are fully funded and in a strong position to move forward with our projects.

Recent developments with the rare earth metals market and the Kipawa project

According to recent monthly official customs data from China (see link and graph below), the world’s leading producer of rare earth metals, a reduction of its rare earth metals exports is currently taking place. This highlights the strategic importance of rare earth elements and creates opportunities to have alternate rare earths production in other jurisdictions. 

As we have stated previously, the Company has a 68% interest in the Kipawa project, located in the Témiscamingue MRC, through the Kipawa Rare Earth Joint Venture. The Government of Québec, through its agent Ressources Quebec Inc. holds the remaining 32% interest.

A feasibility study released in 2013 showed a 15- year production schedule. The project’s life could potentially be increased by the discovery of additional resources.  QPM is looking to interest one or more third parties in joining the project. More information is presented in the attached document and our web site.

While focusing on Sakami, the Company intends to monetize non-core assets including the Eeyou Istchee James Bay territory gold projects Blanche and Charles, Opinaca Gold West, Annabelle and Chemin TroĂŻlus, and the Vulcain project in southern Quebec. The Company plans to sell its interest in these projects or identify partners to pursue exploration. 

We remain focused on continually improving our understanding of the gold potential of the Sakami project while operating in a safe, environmentally responsible manner and in close collaboration with the local Cree communities. This is our roadmap to generate significant shareholder value and for other stakeholders.”

Annual General Meeting

QPM will hold its Annual General Meeting of shareholders at 800 Victoria Square, Suite 3700, Montreal, Quebec, H4Z 1E9, on July 24, 2019, at 10:00 a.m. (Montreal time). The Notice of Meeting, the Management Proxy Circular and related meeting materials are now available under the Company’s profile on SEDAR at www.sedar.com and on the Corporation’s website at www.qpmcorp.ca. 

Qualified Persons

The field work was under the supervision of Jean-Sébastien Lavallée (OGQ #773), Vice-President Exploration, director and shareholder of the Company. Normand Champigny, Eng., Chief Executive Officer of the Company, and Jean-Sébastien Lavallée, 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 ÉlĂ©onore 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.

Quebec Precious Metals Corporation extends La Pointe deposit at depth to 600 m and on strike to 900 m

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Highlights of winter 2019 drill campaign

  • New mineralized intercepts below 600 m vertical depth
  • Drilling to date outlines a mineralized area 900 m along strike of the La Pointe deposit
  • Interpreted fault corridor suggests a 2,500 m long mineralized trend extending to a series of strong soil gold geochemical anomalies

Montreal, June 5, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to announce the results from the five (5) drillholes (totalling 2,499 m) completed during the 2019 winter campaign at the La  Pointe deposit of its 100% owned Sakami gold project, Eeyou Istchee James Bay territory, Quebec. These holes are part of the previously announced diamond drilling (“DDH”) campaign (see October 29, 2018 press release) to test down-plunge extensions of the high-grade zones at depth, defined as >40 gram-metre drill intercepts (Au g/t x intersection length) and the existence of sub-parallel zones at shallower depths. 

Exploration drilling has discovered a mineralized extension of the La Pointe deposit at approximately 600 m vertical depth in the western portion of zone 25 of the deposit. It is interpreted that a fault corridor has displaced this extension by about 200 m to the north.  Hole PT-19-137 intersected a wide zone of silicified paragneiss with some pegmatite containing disseminated pyrite and arsenopyrite containing gold mineralization from 618.4 m to 747 m downhole. The new gold intercepts are between 100 m to 150 m distal from the previous deepest gold-bearing intercepts and confirm that gold mineralization remains open at depth.  The DDH performed to date outlines a mineralized area with a strike length of 900 metres. The fault-displaced depth extension is located on a 2,500 m mineralized trend starting from the La Pointe deposit to the areas to the west and southwest characterized by strong soil gold and arsenic geochemical anomalies (see  December  5, 2018 press release).

Significant DDH results are provided in Table 1. Figure 1 shows the location of these results on a longitudinal section and Figure 2 illustrates that a 2,500 m long mineralized trend.

Table 1: Results of (5) DDH from the La Pointe deposit. All widths are drill indicated core length. Intervals are presented in 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.
Hole ID
UTM E
UTM N
Length (m)
Azimuth
Dip
From (m)
To (m)
Interval (m)
Au (g/t)
PT-19-133
375557
5894968
309
355
-70
48.25
49.00
0.75
1.78
191.00
192.00
1.00
2.54
264.00
265.00
1.00
1.19
288.00
289.50
1.50
5.63
291.00
292.50
1.50
2.54
303.00
304.50
1.50
3.10
PT-19-134
375279
5894944
438
358
-71
97.00
98.00
1.00
1.28
337.00
351.00
14.00
1.22
including
337.00
344.50
7.50
1.69
369.00
370.00
1.00
1.27
372.50
377.00
4.50
1.32
379.50
381.00
1.50
1.35
418.50
420.00
1.50
1.51
424.70
426.00
1.30
2.46
429.00
430.50
1.50
3.19
PT-19-135
375254
5894888
465
358
-70
390.50
399.50
9.00
0.83
427.50
429.00
1.50
1.44
PT-19-136
374801
5895027
540
0
56.5
No significant values
PT-19-137
374736
5894960
747
360
-65
628.00
630.35
2.35
6.92
662.80
663.30
0.50
1.91
675.40
676.00
0.60
3.49
689.30
691.00
1.70
0.41
713.00
714.00
1.00
1.52
Figure 1 shows the results location on a longitudinal section – CLICK TO ENLARGE
Figure 2 illustrates that a 2,500 m long mineralized trend – CLICK TO ENLARGE

The mineralization at the La Pointe deposit occurs in two substantial gold zones (zones 25 and 26) hosted by 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 pyrite, pyrrhotite and arsenopyrite and cross-cutting quartz-carbonate veinlets.

The technical committee comprised of members from Newmont Goldcorp Corporation (“Newmont”) and QPM will be meeting over the next few weeks to conduct a detailed review of the recent exploration results. The review process will include the integration of all available geological, geophysical and geochemical data including the harmonization of the two geophysical surveys on the Sakami and Apple projects. Newmont and QPM will plan and approve the summer and fall 2019 exploration and drilling program at Sakami. This program will benefit from Newmont’s technical expertise and knowledge.

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 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

The field work was under the supervision of Jean-SĂ©bastien LavallĂ©e (OGQ #773), Vice-President Exploration, director and shareholder of the Company. Normand Champigny, Eng., Chief  Executive Officer of the Company, and Jean-SĂ©bastien LavallĂ©e, 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 ÉlĂ©onore 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.

Quebec Precious Metals appoints Mario Caron, Dominique Dionne and Charles Main to its Board of Directors

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Montreal, May 31, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to announce the appointment of Mr.  Mario Caron, Mrs. Dominique Dionne and Mr. Charles B. Main to its Board of Directors as independent non-executive directors, effective immediately.

Mario Caron

Mr. Caron has 40 years of wide-ranging mining industry experience in project development, operations, capital markets and governance/disclosure best practices. He is the Chairman and acting Chief Executive Officer of New Millenium Iron Corp. and currently on the Board of Directors of Algold Resources  Ltd. and Falco Resources Ltd. Mr. Caron has also been President, Chief Executive Officer and a Director of several companies involved in the exploration and development of metals worldwide including Aldridge Minerals Inc., Axmin Inc., Tiberon Minerals Ltd. and Defiance Mining Corporation. Earlier in his career, Mr. Caron was Vice President Mining and Infrastructure for PricewaterhouseCoopers Securities Inc. He holds a B.  Eng. in Mining from McGill University, and is a member of the Quebec Order of Engineers as well as the Association of Professional Engineers of Ontario.

Dominique Dionne

Mrs. Dionne is a seasoned communications and public relations executive with over 30 years of experience in large corporations known as global leaders in their industries. She has extensive background in investment institutions, natural resources industries including mining, metallurgy and forestry, and international cooperation organizations. She was a member of the Board of Quebec Mining Association from 2006 to 2013 and acted as Chair of the Board for the last two years of her tenure. She currently chairs the Board of Directors of Public Relations without Borders (PRWB) and is a Director of the Foundation of the University of Quebec in Montreal and of the Fabienne Colas Foundation.  Mrs. Dionne is a graduate of the Program for Management Development at Harvard Business School and holds a BA from the University of Quebec in Montreal.

Charles B. Main

Mr. Main brings over 30 years of experience in the mining and finance industries, having most recently served as Executive Vice President, Finance and Chief Financial Officer of Yamana Gold Inc. from August 2003 to March 2017. He is currently an independent Director and Chair of the Audit Committee with Wesdome Gold Mines Ltd and Director of Critical Elements Corporation. Mr.  Main is a Chartered Professional Accountant and began his career with 10 years at PricewaterhouseCoopers. Mr. Main has also held positions including Director of Corporate Development with Newmont Capital Corporation, Vice President of Normandy Mining Limited and Outokumpu Mines Ltd., as well as Vice President, Finance of TVX Gold Inc. Mr. Main holds a Bachelor of Commerce from McGill University.

“We are very pleased to welcome Mario Caron, Dominique Dionne and Charles Main to our Board of Directors. Their combined talent and extensive experience in mining, public affairs and financing will provide a greater depth to our Board. The Company will continue to strengthen its team as we carry on with exploration in the James Bay Eeyou Istchee territory in Quebec”, stated John W.W. Hick, Chairman of QPM.

Mr. Michel Gauthier has resigned from the Board for personal reasons (effective immediately). Mr.  François Biron has informed the Board that he will not stand for re-election at the Annual Shareholders’ Meeting (scheduled to be held on July 24, 2019) as he prioritizes work, board responsibilities, and personal priorities. 

“We thank Michel Gauthier and François Biron for their contributions to the launch of Quebec Precious Metals Corporation in June 2018 and since that time. Michel’s unparalleled knowledge of the exploration potential of the Eeyou Istchee James Bay territory and François’ constant support to establish a solid foundation for growth were invaluable.”, said Normand Champigny, Chief Executive Officer of QPM.

About Quebec Precious Metals Corporation

QPM is a new gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay region, Quebec, near Newmont Goldcorp Corporation’s ÉlĂ©onore 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.

Quebec Precious Metals provides update on monetizing non-core assets

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   Quebec Precious Metals Non-core Assets May 2019

Montreal, May 23, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to provide an update on monetizing its non-core assets. While focusing on its flagship Sakami gold project and exploring the James Bay Eeyou Istchee territory, Quebec, the Company continues with the process of monetizing non-core assets. These assets were acquired as part of the transactions that created the Company on June  27, 2018.  The Company is either selling its interest in non-core projects or identifying a partner to pursue exploration work. Below is a summary of current situation with this process.

La Loutre (graphite)

Under the option agreement with Lomiko Metals Inc. (“Lomiko”) on the La Loutre and Lac-des-ĂŽles West graphite projects whereby Lomiko can earn a 100% interest in each of the two projects, Lomiko can acquire the remaining 20% owned by the Company by paying to the Company an amount of $1,125,000, and issuing to the Company 500,000 common shares of Lomiko, before December 31, 2019. The La Loutre project consists of 48 mineral claims located approximately 53  km east of the Lac-des-ĂŽles graphite mine (operated by Imerys), 120 km north of Montreal. Recently, Lomiko and the Company announced very encouraging results from four new exploration diamond drill holes completed at the Refractory Zone. Results from the remaining 16 holes will be reported as they are received and compiled.

Somanike (nickel)

Under the option agreement with Australia-based Vanicom Resources Limited (“Vanicom”) on the project, Vanicom may acquire a 100% interest in the project in consideration the following:

  • a $25,000 cash payment to the Company upon signature of the agreement, which has been received; 
  • issuing to the Company $125,000 in common shares of Vanicom;
  • paying a further $100,000 in cash to the Company; and
  • completing $600,000 in exploration expenditures no later than June 15, 2021. 

The project consists of 109 mineral claims. It lies approximately 25 km northwest of the town of Malartic, in the Abitibi region. The project area includes the former Marbridge underground nickel-copper mine, which produced 774,227 tonnes grading 2.28% nickel and 0.1% copper between 1962 and 1968, with four deposits discovered by surface prospecting and drilling between 1957 and 1966. Vanicom is performing surface geophysical work on the project and plans to commence drilling in early fall 2019.

Kipawa (rare earths)

The Company has a 68% interest in the Kipawa project, through the Kipawa Rare Earth Joint Venture (“SCCK”). Ressources Quebec Inc. holds the remaining 32% interest. The project is part of the 73 claims of the Kipawa-Zeus project. Claims that are not part of the Kipawa project are wholly owned by the Company. The project is located in the TĂ©miscamingue MRC, 140 km south of Rouyn-Noranda and 90 km northeast of North Bay, Ontario.  Drilling since 2011, totalling 293 holes (24,571 m), has been used as the basis for a feasibility study (prepared by Roche Ltd. and GENIVAR Inc., with the support of SGS Geostat and Golder Associates Ltd.). The study showed a 15-year production schedule, excluding a two-year pre-production period to strip the overburden to allow open-pit mining and the construction of a processing plant and associated infrastructure. The mine life could potentially be increased by the discovery of additional resources.

On September 24, 2017, SCCK decided to stop the development activities at the Kipawa project and subsequently its research activities with various academic partners and government agencies. The Company intends to interest one or more third parties in joining the project. No exploration work is planned.

Vulcain (nickel-copper)

The Vulcain project consists of 68 claims located in the Haute-Gatineau region. It is accessible by provincial paved highway 117 and by a 45 km gravel road linking the project at the Lac Arthur exit.  A deposit located on the project beneath Renzy Lake was mined from 1969 to 1972, known as the Renzy Mine, with approximately 718,000 tonnes grading 0.7% nickel and 0.7% copper. Quebec’s Ministère de l’Énergie et des Ressources Naturelles will carry out rehabilitation work in 2019 in the area of the old mining operation. The Company plans to sell its interest in the project or identify a partner to pursue exploration.

Matheson, Ontario (gold)

The Company holds a 50% interest in 75 mineral titles of the Matheson-Explorers project owned by the Matheson joint venture, located in the Timmins mining camp in Ontario. International Explorers and Prospectors Inc. owns the other 50%. A number of exploration targets have been identified by past exploration programs but have not been systematically tested by drilling. The  Company plans to sell its interest in the project or identify a partner to continue exploring the project.

With respect to the 100%-owned Eeyou Istchee James Bay territory gold projects Blanche and Charles, Opinaca Gold West, Annabelle and Chemin Troïlus, the Company plans to sell its interest in these projects or identify partners to pursue exploration. More information is presented in the attached document on the available  non-core assets of the Company in Quebec.

The Company’s objective is to identify a multi-million ounce resource on the Sakami project and to advance the project towards realizing its full potential. It will also continue exploring and evaluating other projects in the Eeyou Istchee James Bay territory in Quebec.

Qualified Persons

Jean-Sébastien Lavallée (OGQ #773), Vice-President Exploration, director and shareholder of the Company and Normand Champigny, Eng., Chief Executive Officer, 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 region, Quebec, near Newmont Goldcorp Corporation’s ÉlĂ©onore 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.

Quebec Precious Metals and its partner Lomiko report intercept of 116.9 m of 4.80% including 15.2 m of 18.04% and 47.3 m of 7.56% including 11.3 m of 17.45% flake graphite on its non-core high grade La Loutre asset

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Montreal, May 6, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM” or the “Company”) and Lomiko Metals Inc. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) are pleased to announce the results from four (4) new exploration diamond drill hole received from the 2019 program (see Table 1 below, and Figure 1) at the Refractory Zone at the La Loutre graphite project (the “Project”). A total of 21 holes were completed on the Refractory Zone for a total of 2,985 metres. Results from the remaining 16 holes will be reported as they are received and compiled.  QPM owns 20% of the Project.

Table 1: Results of the drill holes of the 2019 drill program. The width is drill indicated core length. Insufficient data exists to determine true width at this time.

Hole ID
UTM E
UTM N
Azimuth
Dip
Mineralization
Cg %
From (m)
To (m)
Interval (m)
LL-19-04
499567
5098041
65.9
-50
3.00
93.00
90.00
2.75
LL-19-14
499700
5097803
59.7
-50
80.70
99.00
18.30
4.43
LL-19-15
499751
5097832
64.8
-50
51.00
167.90
116.90
4.80
including
152.70
167.9015.20
18.04
LL-19-16*
499851
5097829
66.5
-50
4.10
92.00
87.90
7.14
including
70.5091.5021.0015.48
132.00160.5028.503.86
LL-19-17
499894
5097804
78.2
-50
15.00
62.30
47.30
7.56
including
51.0062.30
11.3017.45
96.00126.00
30.00
1.96
*Results announced with the April 24, 2019 press release.

The drill campaign focuses on the Refractory Zone. An independent technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, prepared by  B. Turcotte and G. Servelle of InnovExplo Inc. from Val-d’Or, QuĂ©bec, and O. Peters, of AGP  Mining Inc., dated March  24,  2016, was filed for the Project’s Graphene-Battery Zone. The report presented a mineral resource estimate of 18.4 M  Tonnes at a grade of 3.19% carbon flake graphite (“Cg”) in the Indicated category and 16.7 M Tonnes at 3.75% Cg in the Inferred category using a cut-off of 1.5%  Cg. The Project also includes several untested anomalies.

On the basis of the available geophysical and 2016 drilling data, the strike length of the mineralization is estimated at 900 m in the NW-SE direction and is open in both directions.  A detailed interpretation of the results will be carried out to better estimate the thickness and strike length of the mineralized zone.

The Project consists of contiguous claim blocks totaling 29 km2 situated approximately 53 km E of Imerys Carbon & Graphite, formerly known as the Timcal graphite mine, North America’s only operating graphite mine, and located 117 km NW of Montreal.  

The 2019 exploration program is managed by Consul-Teck Exploration Miniere Inc. of Val-d’Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core.

Quality Assurance/Quality Control

Consul-Teck Exploration Miniere Inc. implemented QA/QC procedures 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 and blanks were inserted at a regular interval into the sample stream. 

The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the ALS Minerals laboratory facility in Val-d’Or, Quebec. The  samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75µm. All samples are analyzed for Cg using the C-IR18 method.

Qualified Person

Jean-Sebastien LavallĂ©e (OGQ #773), Geologist, is a shareholder of both companies, VP  Exploration of QPM and a Qualified Person under NI 43-101, has reviewed 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 region, Quebec, near Newmont Goldcorp Corporation’s ÉlĂ©onore 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.

Figure 1 – Drillhole location map

Quebec Precious Metals Corporation: strong copper-gold potential of the Blanche and Charles projects near the recent Mythril copper-gold discovery, James Bay region, Quebec

   Download PDF   |   View documents on Sedar

MONTREAL, April 30, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to report on the strong copper-gold potential of its 100% owned Blanche and Charles projects, located in the James Bay Eeyou Istchee territory, Quebec. These projects are adjacent to the Mythril high-grade copper-gold-molybdenum-silver discovery of Midland Exploration Inc. (“Midland”, TSX.V: MD, see Midland’s press release dated November 6, 2018). The samples on the Mythril discovery are selected samples. The grades obtained are not necessarily representative of the mineralization hosted on the project. BHP  Billiton Canada Inc. has recently made an investment of $  5.9  M in Midland to fund drilling of the Mythril discovery.

The Blanche project (256 claims, 131 km2, NTS 33/G9 and 33/G10, Figures 1 and 2) is located at kilometre 230 of the Trans-TaĂŻga Road. The Trans-TaĂŻga Road extends east from the James Bay Road at kilometre 544. This project consists of a volcano-sedimentary belt striking ENE, present within a tonalite, quartz monzodiorite and granite intrusive domain. Quartz-feldspar porphyry dykes are present within the tonalite and granodiorite intrusions. The volcano-sedimentary belt consists of an horizon of amphibolitized basalt interlayered with ultramafic rocks, banded iron formations and wackes. Sulphides (pyrite, pyrrhotite, arsenopyrite and chalcopyrite) are observed locally and reach up to 10% in volume. Prospecting and selected grab sampling were completed by the Company in 2017. A total of 221 samples were collected systematically along lines spaced 400 m apart. The highest sample values are for copper : 0.31%, 0.29%, 0.10% and 0.10%; and for gold: 0.20 g/t, 0.19 g/t and 0.13 g/t. The values range from below detection limit to 0.31% for copper and to 0.20 g/t for gold. The averages are 0.02% for copper and 0.01 g/t for gold. The  samples are selected samples. The grades obtained are not necessarily representative of the mineralization hosted on the project.

The Charles project (61 claims, 31 km2, NTS 33H12) is located approximately 15 km east of the Blanche project, along the Trans-TaĂŻga Road. This project has a similar geological setting. It  consists of a NE-striking horizon of amphibolitized basalt interbedded with banded iron formations and biotite-garnet paragneiss bands. Ultramafic rocks have been observed. Linear magnetic highs have been identified in the SE portion of the project and show a spatial correlation with the iron formations.

Field reconnaissance work will be carried out during the upcoming summer field season to further validate the copper-gold potential of both projects.

Qualified Persons

Jean-SĂ©bastien LavallĂ©e (OGQ #773), Vice-President Exploration, director and shareholder of the Company and Normand Champigny, Eng., Chief Executive Officer, 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 region, Quebec, near Newmont Goldcorp’s ÉlĂ©onore 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.

Figure 1 - Blanche and Charles Geology
Figure 1 – Blanche and Charles Geology
Figure 2 - Blanche and Charles Geophysics
Figure 2 – Blanche and Charles Geophysics

Quebec Precious Metals and its partner Lomiko report intercept of 87.9 m of 7.14% including 21.0 m of 15.48% flake graphite on its non-core high grade La Loutre project

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Montreal, April 24, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM” or the “Company”) and Lomiko Metals Inc. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) are pleased to announce the results from the first exploration diamond drill hole received from the 2019 program (see Table 1 below, and Figure 1) at the Refractory Zone at the La Loutre graphite project (the “Project”). A total of 21 holes were completed on the Refractory Zone for a total of 2,985 metres. Results from the remaining 20 holes will be reported as they are received and compiled.  QPM owns 20% of the Project.

Table 1: Results of the first drill hole of the 2019 drill program. The width is drill indicated core length. Insufficient data exists to determine true width at this time.
Mineralization
Hole ID
UTM E
UTM N
Azimuth 
Dip
From (m)
To (m)
Interval (m)
Cg %
LL-19-16
499851
5097829
66.5
-50.0
    4.1
92.0
87.9
7.14
including
70.5
91.5
21.0
15.48
    132.0160.528.53.86

The drill campaign focuses on the Refractory Zone. An independent technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, prepared by  B. Turcotte and G. Servelle of InnovExplo Inc. from Val-d’Or, QuĂ©bec, and O. Peters, of AGP  Mining Inc., dated March  24,  2016, was filed for the Project’s Graphene-Battery Zone. The report presented a mineral resource estimate of 18.4  M  Tonnes at a grade of 3.19% carbon flake graphite (“Cg”) in the Indicated category and 16.7 M Tonnes at 3.75% Cg in the Inferred category using a cut-off of 1.5%  Cg. The Project also includes several untested anomalies.

The drill hole intercept is approximately 450 m SE from two high grade intercepts drilled in 2017: 7.74% Cg over 135.6 m including 16.81% Cg over 44.1 m from LL-16- 01, and of 14.56% Cg over 110.8 m from LL-16- 03. Both holes are located in the Refractory Zone.

On the basis of the available geophysical and 2016 drilling data, the strike length of the mineralization is estimated at 900 m in the NW-SE direction and is open in both directions.  A detailed interpretation of the results will be carried out to better estimate the thickness and strike length of the mineralized zone.

The Project consists of contiguous claim blocks totaling 29 km2 situated approximately 53 km E of Imerys Carbon & Graphite, formerly known as the Timcal graphite mine, North America’s only operating graphite mine, and located 117 km NW of Montreal.  

The 2019 exploration program is managed by Consul-Teck Exploration of Val-d’Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core.

Quality Assurance/Quality Control

Consul-Teck Exploration implemented QA/QC procedures 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 and blanks were inserted at a regular interval into the sample stream. 

The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the ALS Minerals laboratory facility in Val-d’Or, Quebec. The  samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75µm. All samples are analyzed for Cg using the C-IR18 method.

Qualified Person

Jean-Sebastien LavallĂ©e (OGQ #773), Geologist, is a shareholder of both companies, VP  Exploration of QPM and a Qualified Person under NI 43-101, has reviewed 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 region, Quebec, near Newmont Goldcorp Corporation’s ÉlĂ©onore 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.

La Loutre graphite project
La Loutre graphite project

Quebec Precious Metals extends previously announced 
new near-surface drill discoveries at Sakami including 
1.27 g/t Au over 15 m and 4.66 g/t Au over 3.5 m

   Download PDF   |   View documents on Sedar

Montreal, April 23, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to announce the drill results from the remaining six (6) reconnaissance diamond drill holes at the Simon-JR area. This area is located from 3 to 8 km NNE of the La Pointe area, within its 100% owned Sakami gold project, Eeyou Istchee James Bay region, Quebec. The gold mineralization has been extended approximately 100 m to the south of the JR showing area.

In the Simon-JR area, eleven (11) diamond drill holes (“DDH”) totalling 1,664 m were completed. Ten (10) of the drill holes intersected gold mineralization. Highlights of previously announced results (press release of March 26, 2019) were: hole SI19-02 – 14.20 g/t gold over 2.0 m within a 15.25 m interval of 2.34 g/t gold, and SI19-03 – 5.05 g/t gold over 5.06 m. Table 1 presents the results from the remaining holes. Highlights are: JR-19-04 – 1.27 g/t gold over 15.0 m and SI19-04 – 4.66 g/t gold over 3.5 metres. Figures 1, 2 and 3 shows the location of these results.

Table 1: Results of remaining six (6) holes drilling of the Simon-JR area. All widths are drill indicated core length. Insufficient data exists to determine true widths at this time. All gold values presented are not capped.
Hole ID
UTM E
UTM N
Length (m)
Azimuth
Dip
From (m)
To (m)
Interval (m)
Au (g/t)
SI-19-04
376234
5897509
174
32.1
-66
5.95
7.40
1.45
2.19






43.00
46.50
3.50
4.66
SI-19-05
376210
5897471
144
30
-65
NSV
JR-19-01
379615
5901738
150
356.6
-48.9
122.50
125.00
2.50
1.03
JR-19-04
379663
5901653
158
355
-50
12.00
13.50
1.50
1.27





57.50
72.50
15.00
1.27
135.00
136.00
1.00
2.52
JR-19-05
378253
5901861
123
210
-50
61.95
63.00
1.05
1.54
80.00
83.00
3.00
1.38
JR-19-06
378295
5901795
150
300
-50
130.50
131.50
1.00
6.39

The mineralization consists of disseminated to semi-massive pyrite, pyrrhotite and arsenopyrite in a sedimentary iron formation. Most of the observed mineralization is hosted in the volcano-sedimentary sequence of the Yasinski Group (La Grande Subprovince) in contact with sedimentary rocks of the Laguiche Group (Opinaca Subprovince) to the east. Similar mineralization has been intersected in each of the DDH.

The drilling program with five (5) DDH totalling 2,499 m in the La Pointe area of the Sakami project has been completed. Drill hole locations are shown on Figure 4. This is part of the previously announced diamond drilling (see October 29, 2018 press release) to test down-plunge extensions of the high grade zones at depth, defined as >40 gram-metre drill intercepts (Au g/t x intersection length) and the existence of sub-parallel zones at shallower depths. Results are expected within the next two (2) weeks.

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 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

The field work was under the supervision of Jean-SĂ©bastien LavallĂ©e (OGQ #773), Vice-President Exploration, director and shareholder of the Company. Normand Champigny, Eng., Chief  Executive Officer, and Jean-SĂ©bastien LavallĂ©e, 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 region, Quebec, near Goldcorp’s ÉlĂ©onore 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.

Figure 1 – Indice 43
Figure 2 - Indice Simon
Figure 2 – Indice Simon
Figure 3 - Indice 9 6
Figure 3 – Indice 9 6
Figure 4 – Sakami Drill Holes 2018

Quebec Precious Metals drills new near-surface 
gold discoveries at Sakami including 14.20 g/t Au over 2.0 m and 5.05 g/t Au over 5.06 m

   Download PDF   |   View documents on Sedar

Montreal, March 26, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to announce the drill results from reconnaissance drilling on the Simon-JR area located from 6 to 8 km NNE of the La Pointe area, at its 100% owned Sakami project, Eeyou Istchee James Bay region, Quebec.

In the Simon-JR area, eleven (11) diamond drill holes (“DDH”) totalling 1,661 m were completed as shown on Table 1 and Figures 1 and 2. The first five (5) drill holes reported in this release intersected gold mineralization. Highlights are as follows:

  • Hole SI19-02 intersected 14.20 g/t gold over 2.0 m within a 15.25 m interval of 2.34 g/t gold in the Simon showing area; and
  • Hole SI19-03 intersected 5.05 g/t gold over 5.06 m.
Table 1: Results of reconnaissance drilling of the Simon-JR area. All widths are drill indicated core length. Insufficient data exists to determine true widths at this time. All gold values presented are not capped.
Hole IDUTM EUTM NLength (m)DipAzimuthFrom (m)To(m)Interval (m)Au (g/t)
SI-19-013761985897531129-502064.2066.272.073.68
SI-19-023761985897529129-5036088.00103.2515.252.34
Including95.0097.002.0014.20
SI-19-033761985897529180-650129.60134.665.065.05
JR-19-023797605901710204-46.40358.8038.8045.006.200.59
81.0090.009.001.10
104.50111.406.900.72
143.50149.005.501.23
Including143.50146.002.501.81
JR-19-033798665901751123-5035518.0019.501.502.11

Normand Champigny, CEO of QPM stated, “On this project where a 100-metre mineralization extension is considered significant, our reconnaissance drill holes located from 6 to 8 km from the La Pointe area have demonstrated the extensive footprint of gold mineralization at Sakami.  Given these recent results, the Company has elected to plan further drilling in these areas to determine if this is a separate new gold discovery, or whether the La Pointe area extends through this new mineralized area”.

The mineralization consists of disseminated to semi-massive pyrite, pyrrhotite and arsenopyrite in a sedimentary iron formation.  Similar mineralization has been intersected in each of the DDH. Most of the observed mineralization is hosted in basalts of the Yasinski Group (La Grande Subprovince) in contact with sedimentary rocks of the Laguiche Group (Opinaca Subprovince) to the east. The  analytical results from the remaining six (6) holes at the Simon-JR area are expected to be available within the next month.

The drilling program continues with five (5) DDH totalling 2,500 m in the La Pointe area of the Sakami project. This is part of the of previously announced diamond drilling (see October 29, 2018 press release) to test down-plunge extensions at depth of the high grade zones, defined as >40 gram-metre drill intercepts (Au g/t x intersection length) and the existence of sub-parallel zones at shallower depths.

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 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

The field work was under the supervision of Jean-SĂ©bastien LavallĂ©e (OGQ #773), Vice-President Exploration, director and shareholder of the Company. Normand Champigny, Eng., Chief  Executive Officer, and Jean-SĂ©bastien LavallĂ©e, 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 region, Quebec, near Goldcorp’s ÉlĂ©onore 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.

Sakami drillings 2019 Indice 43 Figure 1
Sakami drillings 2019 Indice 43 Figure 2