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QMX Gold Corp.
Summary
| Project: | Val d'Or | |
|---|---|---|
| Deposit: | Bonnefond South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-10-2018: QMX Gold Corp. announces an Exploration/Drilling Update report for its Bonnefond South deposit at the Val d'Or project. Drilling results incl. 131.3m @ 1.7g/t Au from 302.6m. TORONTO, Oct. 25, 2018 -- QMX Gold Corporation (“QMX” or the “Compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Melanie Pichon (Internal) | |
| ABSTRACT: | TORONTO, Oct. 25, 2018 -- QMX Gold Corporation (“QMX” or the “Company”) (TSX:V:QMX) is pleased to release results from the Bonnefond South drill program. Bonnefond South is located in the Val d’Or East Zone (Figure 1) of QMX Gold’s extensive land package in Val d’Or, Quebec. These holes are part of a Phase II drilling program which consisted of 17 diamond drill holes totaling 9,636 metres (m). Interpretation and evaluation are on-going as these new results are integrated into the drill hole database. A third phase of infill drilling is currently being completed in order to understand the geometry and continuity of the shear zones intersecting the Bonnefond plug. An additional diamond drill program of 6,000m has commenced to support an initial resource estimate and to further evaluate the mineralized shear zones. This program is scheduled to be completed early in 2019. Brad Humphrey, President and CEO, commented “We are very pleased with the results from the Bonnefond South drilling programs, which confirm continuous and thick gold mineralization within the Bonnefond plug and higher-grades in the shear zones to the east and south. Once we complete the Fall drilling program, Bonnefond will move towards its initial resource estimate. At the same time, QMX continues to actively explore additional highly prospective targets in Val d’Or East and plans are underway to restart drilling on the Bourlamaque Zone.” Highlights from these eleven holes completed during the Winter-Spring drilling program are presented in the Table 1 and Figure 2 (complete results are shown in Table 2). Drill holes 17315-18-40, 41, 42, 44, 46 and 47 were designed to test the eastern extension of the Bonnefond gold-bearing system. These intersected strong shear zones highly anomalous in gold, similar to those intersected to the south of the Bonnefond plug. A zone of felsic to intermediate intrusives could represent the eastern extension of the Bonnefond prolific mineralized dyke system. Drill holes 17315-18-43, 45, 48, 49 and 50 were drilled to evaluate the Bonnefond plug down to 300m, and the geometry and continuity of the shear zones to the south. These holes are located on the same section as drill hole 17315-18-39 (reported on July 18th, 2018) with 50m spacing. These holes intersected very similar geology, confirming the continuity of the mineralization with gold intercepts of 1.8 g/t Au over 96.8m, 1.0 g/t Au over 134m, 1.7 g/t Au over 131.3m and 1.6 g/t Au over 30.7m, respectively. The gold-bearing zone on this section shows a true thickness of approximately 60m and dips at 70º to the north | |
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