QC Copper and Gold Inc. announced that it has completed an initial four-hole drill program on the Cooke and Robitaille mines corridor, adjacent the Opemiska Open Pit, which was
defined as deposit Canada's Highest Grade Open Pit Copper Deposit. The visual results from this drill program confirm significant widths of mineralization. Although assays are
pending, the Company's experience in the district defining open-pit type material these results are encouraging. This drill program targeted step-out areas of interest that could contain new resources with sufficient widths for open-pit mining. Very little drilling into the Gwillim Fault Complex has been done, and the structure extends over 15 kilometres within the greater Opemiska Project Property. The Opemiska Copper Complex is adjacent to Chapais, Quebec, within the Chibougamau district. Opemiska is also within the Abitibi Greenstone Belt and within the boundaries of the Province of Quebec's Plan Nord, which promotes and funds infrastructure and development of natural resource projects. The 100% QC Copper owned Opemiska Property covers 24,544 hectares and includes the past-producing Springer, Perry, Robitaille and Cooke mines, previously owned and operated by Falconbridge between 1953-1991. The project hosts excellent on-site infrastructure, including a power station and direct access to Highway 113 and the Canadian National Railway. The Company published a mineral resource estimate, which has a total Measured and Indicated resource of 97.5 million tonnes grading 0.81% copper, 0.27 g/t gold and 1.76 g/t silver and an additional
11.0 million tonnes at 0.53% copper, 0.20 g/t gold and 2.58 g/t silver in the Inferred category. The new resource saw a 26% increase in the copper total grade, an 11% increase in CuEq total grade, and a 16% rise in copper equivalent pounds compared to the 2021 Measured and Indicated Mineral Resource Estimate. In addition, the Company defined a sizeable starter pit comprising 19.1 million tonnes at 1.1% CuEq, all in the Measured and Indicated Mineral Resources categories.