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QMX Gold Corp.
Summary
| Project: | Val d'Or | |
|---|---|---|
| Deposit: | Bonnefond South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-1-2019: QMX Gold Corp. announces an Exploration/Drilling Update report for its Bonnefond South deposit at the Val d'Or project. Drilling results incl. 129m @ 1.59g/t Au from 191.0m. Toronto, Ontario – January 7th, 2019 - QMX Gold Corporation (“QMX” or t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Melanie Pichon (Internal) | |
| ABSTRACT: | Toronto, Ontario – January 7th, 2019 - QMX Gold Corporation (“QMX” or the “Company”) (TSX:V:QMX) is pleased to report the results from its on-going Bonnefond South target drilling program, on the Val d’Or East Zone of QMX’s extensive land package in Val d’Or, Quebec (Figure 2). This third phase of drilling contained ten (10) drill holes totaling 5460 meters (m). It was designed to understand the geometry and continuity of the shear zones and the mineralization inside the Bonnefond plug. These latest results confirmed the continuity of the mineralization in the Bonnefond intrusive and the presence of high-grade zones within the broad envelop with drill hole 17315-18-054 assaying 1.11 g/t Au over 132.5m including 29.85 g/t Au over 3.0m and drill hole 17315-18-056 assaying 1.15 g/t Au over 144.8m including 19.35 g/t Au over 3.2m. The average true width of the mineralized envelop is 60m and extends 300m east-west. Dr. Andreas Rompel, Vice President Exploration, commented “We are very excited about these results as they confirm the high-grade nature of the mineralization in and around the Bonnefond South target. We are looking forward to initiating the resource estimation process in this highly prolific area.” These drill holes also confirm the presence of mineralized shear zones south of the intrusive. Based on the latest results, at least three mineralized east-west striking shear zones, dipping to the north have been identified south of the Bonnefond intrusive. Latest intercepts in the shear zones have returned 3.1 g/t over 5.0m, including 5.1 g/t over 1.8m in drill hole 17315-18-060; 4.67 g/t Au over 4.6m in drill hole 17315-18-051 and 5.98 g/t Au over 3.6m in drill hole 17315-18-055. | |
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