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Q PRECIOUS DRILLS TWO HOLES AT LA CORNE SOUTH

  • Writer: Mr. Richard Penn
    Mr. Richard Penn
  • Apr 28
  • 5 min read

Mr. Richard Penn reports


Q PRECIOUS & BATTERY METALS ANNOUNCES DIAMOND DRILLING HOLES 4 AND 5 COMPLETED AND PROPOSED FINANCING


Q Precious & Battery Metals Corp. has completed diamond drilling of two drill holes on the La Corne South project, located north of Val d'Or, Que. The company has also arranged a flow-through private placement financing.



Drilling

The drilling was designed to test two priority geophysical targets as determined by the company's exploration team (time-domain electromagnetic (TDEM) targets EMG-01 and EMG-02). One drill hole each (holes LCS-25-04 and -05) was completed to test two TDEM anomalies. In 2024, drilling was successful at intercepting significant massive and disseminated sulphides containing copper, silver, zinc and gold by testing similar geophysical targets (see news release dated March 19, 2025) in holes LCS-24-01 and LCS-24-03.


Drill core has been viewed by geologists at Explo-Logik Inc. in Val d'Or. The geologist report visual intercepts containing pyrite and pyrrhotite in the two recently completed drill holes, as well as sections with visual chalcopyrite. These are preliminary assessments that require further detailed observations, as well as laboratory sampling and analysis. More detailed analysis of the core will completed within the next week.


First Class Diamond Drilling Inc. was contracted to undertake diamond drilling on the La Corne South project. First Class Drilling successfully completed the first five drill holes on the project in 2024 and 2025.


Explo-Logik, located in Val d'Or, is managing this phase of exploration, including core logging and sampling at its facility. The first phase of drill testing the massive and semi-massive sulphide mineralization at holes 1 through 3 totalled 278 samples of core from three holes. An additional 440.6 metres of drilling were completed in this most recent drilling. Core was directly delivered by Explo-Logik staff to the laboratory in Val d'Or, Que. The samples will be sent to Agat Labs in Val d'Or, where they will undergo multielement analysis processing that uses four-acid digestion of pulverized samples followed by mass spectrometer detection for 48 elements, and analysis for gold, platinum and palladium using fire assay. For quality assurance/quality control, Explo-Logik inserted blanks, standards or duplicates at one per every 10 samples.


Diamond drilling on the La Corne South project has been testing geophysical targets, including TDEM conductivity. Three drill holes were completed at the north end of the TDEM survey area in the fall of 2024, with the results from holes 24LCS-01 and 24LCS-03 returning robust VMS-style (volcanogenic massive sulphide) mineralization with elevated copper, zinc, silver and gold. As previously reported, significant down-hole intercepts from hole 24-LCS-01 are summarized as follows (previous news release from September, 2024):


  • 122.75 metres to 123.3 metres -- 4.2 per cent copper, 4 per cent zinc, 0.17 part per million gold and 30.3 ppm silver;

  • 123.3 metres to 123.85 metres -- 1.9 per cent copper, 3.17 per cent zinc and 14.7 ppm silver;

  • 123.85 metres to 124.4 metres -- 0.79 per cent copper, 1.3 per cent zinc and 7.33 ppm silver;

  • 125.5 metres to 126 metres -- 2.61 per cent copper.


True widths of mineralization have not yet been determined.

The weighted average for the total mineralized zone from 102.15 metres to 127.6 metres in hole 24LCS-01 was calculated as:


  • 0.83 per cent copper equivalent over 25.45 metres.


From hole 24-LCS-03, significant down-hole intercepts were returned, including:


  • 108.75 metres to 109.75 metres -- 2.68 per cent copper and 23.45 ppm silver;

  • 110.2 metres to 111.4 metres -- 2.66 per cent copper and 24.05 ppm silver.


The weighted average copper equivalent for hole 24LCS-03 continuous intercept from 104.85 metres to 112.75 metres down-hole depth was calculated as (previous news release dated Jan. 21, 2025):


  • 1.17 per cent copper equivalent over 7.9 metres.


The true widths of mineralization have not yet been determined for any of the intercepts reported to date.


Diamond drilling undertaken by Q Precious to date has tested isolated areas within a larger 2.5-kilometre-long corridor of magnetic high with associated pockets of elevated conductivity. The conductivity testing by the TDEM survey was limited to a two km by one km area. The company expects to expand the surface geophysical testing to cover more of the property, including testing of areas with high magnetism by TDEM survey to outline potential massive sulphide with elevated pyrrhotite. The company's geologic team is currently in discussion regarding possible exploration programs for the summer/fall of 2025. This could include surface and down-hole geophysics and expanding the surveys to the north of the current TDEM coverage, as well as drill testing strong TDEM targets farther to the east of the current area of exploration. Magnetic and conductive anomalies to the east have been shown to have surface expression where sulphide bodies have been historically trenched and drilled. These areas will be further explored in 2025.


The company will now begin core logging and rock sawing of holes LCS-25-04 and LCS-25-05 and then send to lab.


Perry Grunenberg, PGeo, a qualified person, as that term is defined under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Grunenberg is also a consultant of the company.



Private Placement


The company has arranged an offering of up to 10 million flow-through units at a price of five cents per FT unit for gross proceeds of up to $500,000. Each FT unit consists of one flow-through common share and one whole warrant. Each warrant will entitle the holder to purchase a common share at a price of seven cents per share for a three-year term.


The company will pay finders' fees of up to 10 per cent in cash and issue finders' warrants equal to 10 per cent of the number of FT units sold to eligible finders. Each finder's warrant will be exercisable at a price of five cents per share for a term of three years.


The offering is subject to the approval of the Canadian Securities Exchange. The securities issued will be subject to a four-month-and-one-day hold from the date of issuance.

The proceeds from the offering will be for mineral and gas exploration activities.



About Q Precious & Battery Metals Corp.


Q Precious & Battery Metals exploration programs undertaken in Quebec are supervised by Dr. Mathieu Piche, OGQ, with an office located north of Val d'Or. He is also a Q Precious director. The company has a 100-per-cent interest in mineral claims within Quebec, targeting critical and precious metals as well as natural hydrogen. Projects include the La Corne South volcanogenic massive sulphide project, the McKenzie East gold property, the Pontax lithium and Versant rare earth element properties, and the Matane and Colchester natural hydrogen projects.


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