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QMX Gold Corp.
Summary
| Project: | Val d'Or | |
|---|---|---|
| Deposit: | New Lourve | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-5-2018: QMX Gold Corp. announces an Exploration/Drilling Update report for its New Lourve deposit at the Val d'Or project. Drilling results incl. 10.0m @ 3.8g/t Au from 114.0m. May 24, 2018 - QMX Gold Corporation (“QMX” or the “Company”) (TSX-V:QMX) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jules Riopel (Internal) | |
| ABSTRACT: | May 24, 2018 - QMX Gold Corporation (“QMX” or the “Company”) (TSX-V:QMX) is pleased to report assay results from a five hole, 1,890 metre (m), reconnaissance drilling program on the New Louvre target, located north of the Bevcon Intrusion and east of the Bonnefond South Plug. This drill program was part of the 2018 winter drilling program which consisted of more than 23,000m testing the Val d’Or East portion of QMX’s extensive land package in Val d’Or, Quebec. Given the positive results from this initial program on the New Louvre target, QMX is developing a follow up drilling program, which is expected to commence early in June. Brad Humphrey, President and CEO, commented “We are very encouraged by the initial results from the New Louvre target. This program confirmed the potential of the largely underexplored 2.2km strike length of New Louvre. A 5,000m drilling campaign is now planned to follow up on this success and to confirm our new geological model. Overall, we are very pleased with the assay results we have received to date from the winter drilling program. These results clearly demonstrate the potential of the Val d’Or East camp. We anticipate further results over the coming weeks across this 9km area from Bonnefond South to the Bevcon Intrusive.” New Louvre Results The reconnaissance drill program on the New Louvre target consisted of five diamond drill holes for a total of 1,890m, completed during the 2018 winter drilling program. The New Louvre target is located to the north of the Bevcon Intrusion and east of the Bonnefond South Plug (Figures 1 and 2). This program was designed to evaluate the geometry of historical gold bearing intersections and validate a new geological model. This area is on trend of the eastern extension of the Bonnefond South shear zones in a geological context similar to Eldorado’s Lamaque project. | |
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