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MONTREAL, QC / ACCESSWIRE / September 19, 2024 / Quebec Precious Metals Corporation (TSXV:QPM)(FSE:YXEP)(OTCQB:CJCFF) (" QPM " or the " Corporation ") congratulates Harfang Exploration Inc. " Harfang ") on five (5) high-grade gold discoveries at its Serpent-Radisson property in Eeyou Istchee James Bay, Québec (see Harfang's press release of September 18, 2024). The discoveries are hosted in quartz veins systems associated with shear zones in underexplored areas. Grab samples returned assay results up to 72.4 g/t Au.
Harfang's discoveries are located adjacent to QPM's Sakami project. The discoveries have highlighted a new structural gold trend in a previously underexplored area, expanding the gold footprint and reinforcing the high gold prospectivity of their property and of the area covered by the Sakami project.
"Harfang's discoveries further reinforce the high gold exploration potential of our potential Sakami project where QPM has been drilling and prospecting since 2018 with the objective of identifying a large mineral resource." commented Normand Champigny, CEO.
QPM's gold and lithium exploration initiatives
Sakami (100% owned), gold and lithium
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Drill untested gold targets, at the La Pointe Extension deposit. To date, encouraging results from metallurgical testing, induced polarization survey and drilling programs have been received and indicate the presence of a significant mineral resource including many higher-grade areas;
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Carry out a field inspection in other areas of the project on the priority gold and lithium targets including three high-priority targets that can be drill-ready; and
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Continue close collaboration, exchange of information and camp facility sharing with Harfang Exploration Inc. (see press release of April 3, 2024 ). This contributed to better understand to the exploration potential while reducing exploration costs.
Elmer East (100% owned), lithium
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Perform, this fall, a diamond drilling program (up to 1,250 m, 16 holes, PQ or HQ core size) to: 1) test the down-dip extent of the sill of the discovery outcrop and the presence of potential stacked sills, and 2) carry out preliminary geometallurgical studies (see photo below and press release of January 18, 2024 ). Authorization for impact-causing exploration work has been received. In addition, geological mapping is planned in and around the discovery outcrop as well as the collection additional structural measurements. Geometallurgical studies will be performed by Impact Global Solutions based in Delson, Quebec.
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Received financial assistance up to a maximum of $333,306 from the Ministère des Ressources naturelles et des forêts (MRNF). This financial support was granted as part of the fourth call for projects of the Mineral Exploration Support Program for Critical and Strategic Minerals; and
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Congratulated Ophir Metals Corp. on their discovery announced on June 25, 2024, of lithium-bearing pegmatites at Pilipas located approximately 3.7 km northwest and along the trend of QPM's Ninaaskuwumin spodumene pegmatite discovery outcrop where grab sample showed a range from 1.10% to 3.92% Li 2 O.