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QMX Gold Corp.
Summary
| Project: | Val d'Or | |
|---|---|---|
| Deposit: | Bonnefond | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-5-2019: QMX Gold Corp. announces an Exploration/Drilling Update report for its Bonnefond deposit at the Val d'Or project. Drilling results incl. 4.3m @ 14.65g/t Au from 279.8m. The last ten drill holes confirmed the geological model south of the intrus | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Melanie Pichon (Internal) | |
| ABSTRACT: | The last ten drill holes confirmed the geological model south of the intrusion, the continuity of the mineralization and the gold grades in the shear zones. Within these shear zones, gold grades are associated with quartz-carbonate-tourmaline veins and strong sericite-albite-fuchsite alteration. Results from the shear zones include 5.85 g/t Au over 6.7m in drill hole 17315-19-077; 14.65 g/t Au over 1.4m in drill hole 17315-19-079 and 3.10 g/t over 4.5m in drill hole 17315-19-074. Drill hole 17315-19-080 intersected 41.69 g/t Au over 4.3m, including 114.48g/t Au over 1.4m. The drill hole is located 55 meters south of previously reported drill hole 17315-18-034 that cut 25.7g/t Au over 6.9m (QMX's news release from July 18th, 2018). According to the geological interpretation, these results are located on the same mineralized shear zone and demonstrate the economic potential of the shear system to the south of the Bonnefond intrusion. Dr. Andreas Rompel, Vice President Exploration, commented “These encouraging results confirm our confidence in the highgrade nature of the mineralization in and around the prolific Bonnefond intrusion. Furthermore, these results should be reflected positively in our initial resource estimation, which will be finalized during the next few months.” “2019 is an exciting year for QMX with the initial resource estimate at Bonnefond expected shortly and the mill progressing towards start up later in the summer. At the same time our team continues to evaluate and develop additional promising targets across our extensive land package in Val d’Or and assess further custom milling opportunities growing our cash flow potential from this strategically located asset,” commented Brad Humphrey, President and CEO of QMX Gold. With the infill drilling program on the Bonnefond target now complete, QMX has initiated a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") resource estimate which is expected by early summer 2019. | |
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