Quebec Precious Metals Corporation announced that a drilling program is underway at the La Pointe Extension gold deposit, on the Company's 100% owned Sakami project in the Eeyou Istchee James Bay territory of Quebec. Drilling aims to test the higher-grade portion of the La Pointe Extension deposit that could be enable to open pit mining. The program totaling about 700 m in two holes will be completed in early December with results available early next year.

The La Pointe Extension deposit and the La Pointe deposit are part of the Sakami project located along a 23-kilometre-long favourable geological contact that hosts gold mineralization. Both deposits are of similar geological character and a sub-vertically dipping higher-grade portion. They show a generally good spatial correlation between the gold mineralization and the abundance of disseminated arsenopyrite, pyrite and pyrrhotite hosted in a silicified paragneiss that is observed in drill holes.

At the La Pointe deposit, the mineralized zone has a strike length 950 m, a depth of 450 m with an estimated average true thickness of 35 m, up to 63 m in the central part of the deposit. At the La Pointe Extension deposit discovered in 2020, drilling confirmed the continuity of a mineralized zone with a strike length of 2,000 m. Within the mineralized zone, there is a sub-vertically dip higher-grade core with a strike length of 500 m strike, a depth of 600 m with an estimated average true thickness of 40 m, up to 75 m in the central part of The deposit. To date, a total of 47 holes (14,535 m) have intersected the La Pointe Extension deposit and The three of the most significant drill intersections are: Hole PT-20-151: 1.15 g/t Au over 80.1 m incl.

2.21 g/t Au over 24.85 m Hole PT-20-154: 1.14 g/t Au over 70.3 m incl. 2.74 g/t Au over 6.8 m Hole PT-21-177: 2.15 g/t Au across 42.2 m incl. 5.17 g/t Au over 14.50 m.