Opemiska also has out-of-pit resources calculated with a cut-off of 0.8% copper equivalent. The measured and indicated portion is 10.1 million tonnes grading 1.20% copper (1.37% copper equivalent), containing 268 million lb. of copper, 83,000 oz. of gold and 5.5 million oz. of silver. The inferred portion is 11.0 million tonnes at 0.53% copper (0.54% copper equivalent), containing 127 million lb. of copper, 70,000 oz. of gold and 907,000 oz. of silver.
“We are proud to deliver to shareholders an MRE that defines Canada’s highest grade copper open pit deposit,” said QC Copper CEO and chair Stephen Stewart. “This MRE details the immense value of owning such a sizable, high-grade asset with excellent accessibility and infrastructure.
“Furthermore, QC Copper and Gold’s Opemiska is in the heart of northwestern Quebec, a stable mining jurisdiction, where we see Opemiska as the anchor to revitalizing the storied…
