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QMX Gold Corp.
Summary
| Project: | Val dOr | |
|---|---|---|
| Deposit: | Bonnefond South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-1-2018: QMX Gold Corp. announces an Exploration/Drilling Update report for its Bonnefond South deposit at the Val dOr project. Drilling results incl. 93.7m @ 1.4g/t Au from 204.1m. January 29, 2018 - QMX Gold Corporation (“QMX” or the “Company”) (TSX:V | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Rigg (Internal) | |
| ABSTRACT: | January 29, 2018 - QMX Gold Corporation (“QMX” or the “Company”) (TSX:V:QMX) is pleased to report assay results for nine holes totaling 4,331m from the Phase I drilling program at Bonnefond South located on the eastern side of QMX’s extensive land package in Val d’Or, Quebec (Figure 1). Phase I confirmed the potential of the Bonnefond South plug with significant gold intersections and favourable gold distribution within the plug, as well as within shears in the footwall volcanics to the south. A 12,000m Phase II drilling campaign is now planned to follow up on these successful results. Drilling in the Val d’Or East camp continues to return significant results, far exceeding our expectations. The Phase I drilling campaign on Bonnefond South successfully achieved our objectives: i) confirmed historical AUR Resources’ (AUR) results and continuity of the mineralization, ii) provided the orientation of the different gold-bearing systems, and iii) highlighted the potential for lateral extensions of this gold system,” Brad Humphrey President and CEO commented. He continued, “The QMX team is very excited about the many prospective targets on the eastern side of our large property package and is eager to commence a much larger drilling program at Bonnefond South to test the potential for a new open pit in this historic mining camp. With our strong balance sheet, multiple highly prospective targets and four drill rigs turning, we expect 2018 will be an exciting year for QMX. | |
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