Quebec Precious Metals Corporation (TSX.V:CJC) (OTC-BB:CJCFF) CEO Normand Champigny joins Midas Letter to discuss the highly-prospective Eeyou Istchee James Bay territory in Quebec, which it describes as “the next Eleonore Mine”. The Eleonore Mine is 90 kilometres from the Eleonore mine, which is one of Canada’s largest gold mines producing over 350,000 ounces of gold annually.
The project already has infrastructure in place to be able to explore and drill all-year round. The CEO states Quebec Precious Metals is planning on drilling at least 10,000 meters. The company have recently announced exploration plans for the first phase of the 2019 program in the James Bay territory. The program will primarily focus on advancing its flagship project Sakami and the La Pointe deposit. As of the interview date, a total of 100 diamond drill holes have intercepted the deposit.