QC stock leaps on 1bn-pound-plus Quebec copper resource

The share price of TSX-V-listed QC Copper and Gold surged 30% on Monday, as the company announced an initial resource estimate on the Opemiska project, in the Chibougamau district of Quebec.

The deposit contains 81.7-million tonnes at 0.88% copper-equivalent of pit constrained measured and indicated mineral resources and 21.3-million tonnes at 0.73% copper-equivalent of inferred resources.

The pit-constrained mineral resource contains more than 532 000 t, or 1.17-billion pounds of copper and 816 000 oz of gold in the measured and indicated classification and a further 109 000 t, or 240.3-million pounds of copper and 209 000 oz of gold in the inferred classification.