Quebec Precious Metals QPM.V
Overview
Sector: Mining, Precious metals
Focus: Gold
Key points:
Price target upgraded to $1.45 from $0.50 with a gold price of $1850. Report completed by Barry Allan, Ryan Hanley and Jaques Wortman of Laurentian Bank Securities. Awaiting update for 43-101.
Flagship project
Sakimi Gold Project, Quebec Canada
La Pointe and La Pointe Extension
Both are part of a larger 2km long mineralized trend.
Year-round access and drilling.
Has potential km-scale extensions that have limited surface exploration and no drilling before 2020.
two high grade surface samples of 23.82 and 9.52 located 700m apart. Potential for mineralization throughout.
Similar gold bearing mineralization between La Pointe deposit and La Pointe Extension.
The project provides a controlling position for a 23km long segment of land located 570km north of Val d’or Quebec.
13k of which had been focused on with the presence of high grade showings.
Summer 2020 program At Lapointe Extension on the Eeyou istchee James bay territory aimed to expand and define the 600 m strike length of mineralization discovered during the 2020 winter campaign at La Pointe.
A total of 4,912 m in 19 holes were completed during this campaign.
Many gold occurrences identified over 10km strike length.
Significant gold grades between 20 to 50m drilling width.
Intentions to drill 25,000m at Sakimi to define and produce a Resource Estimate.
1.5M in cash reserves (As of 2020/12/31)
Key Shareholders
Newmont Corporation: 15.6%
Québec Institutions
Caisse de dépôt et placement du Québec,
Investissement Québec,
SIDEX (combined) 12.9%
Management and Board of Directors 5.0%
PE Partners 3.7%
37% total
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