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Quebec Precious Metals Provides Drilling Updates of its Sakami Gold Project

Quebec Precious Metals Corporation provides information on the progress of the drilling operations at its 100% owned Sakami project, Eeyou Istchee James Bay region, Quebec. The winter drilling program is moving ahead well at the 43-Simon-9.6 area, situated about 6 km NNE of the La Pointe area, where specific surface targets identified from earlier exploration are being examined.

(Image credit: Quebec Precious Metals Corporation)

Ten diamond drill holes (DDH) in the 43-Simon-9.6 area have been completed as follows:

  • 4 DDH (totaling 635 m) in the 43 showing area where the finest result gotten from historical channel sampling was 2.1 g/t Au over 2.5 m, including 5.5 g/t Au over 0.5 m, (Quebec Ministry of Energy and Natural Resources, GM 59019). Also, one historical DDH returned 2.0 g/t Au over 6.0 m;
  • 4 DDH (totaling 612 m) in the Simon showing area with a fifth presently being drilled. The Simon showing was located because of prospecting work done in the summer of 2015 on the Peninsula area, which returned 45.9 g/t Au in a chip sample. Channel sampling results of up to 20.8 g/t Au over 1 m and 17.5 g/t Au over 1 m have been also stated; and
  • 2 DDH (totaling 273 m) in the 9.6 showing area where the finest results gotten from historical channel sampling were 17.9 g/t Au over 1.5 m, 7.7 g/t Au over 1.5 m, and 13.7 g/t Au over 1.0 m (Quebec Ministry of Energy and Natural Resources, GM 62497).

Two key photographs from DDH SI-19-03 drilled in the Simon showing area are attached. The photographs are of particular DDH intersections and are not essentially representative of the mineralization hosted on the project. An interpreted mineralized zone was intersected between 127 to 135 m and holds disseminated to semi-massive pyrite, arsenopyrite, and pyrrhotite in an iron formation. Comparable mineralized zones have been intersected in all of the 10 DDH. The majority of the observed mineralization is hosted in basalts of the Yasinski Group in close contact with sedimentary rocks of the Laguiche Group (Opinaca Subprovince) to the east.

It is expected that a total of 11 DDH will be drilled in this area for a total of about 1,650 m. The analytical findings are estimated to be available by next month. The drilling program will then carry on with up to 9 DDH (about 3,500 m) in the La Pointe area.

Quality Assurance/Quality Control

Quality assurance and quality control procedures have been applied to guarantee best practices in sampling and examination of the core samples. The drill core was logged and then divided, with one-half transported for assay and the other retained in the core box as a witness sample. Duplicates, blanks, and standards were introduced regularly into the sample stream. The samples were transported, in secure tagged bags, straight to the ALS Minerals laboratory facility in Val-d’Or, Quebec. The samples are weighed and identified before sample preparation. All samples are examined by fire assay with AA finish on a 30 g sample (0.005-10 ppm Au), with a gravimetric finish for assays with over 10 ppm Au.

Qualified Persons

The field work was under the management of Jean-Sébastien Lavallée (OGQ #773), Vice-President Exploration, director and shareholder of the company. Normand Champigny, Ing., Chief Executive Officer, and Jean-Sébastien Lavallée, both Qualified Persons under NI 43- 101 on standards of disclosure for mineral projects, have readied and approved the technical content of this release.

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