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Highlights include (Grades are uncut; lengths are measured along the holes, Table 1):
- DDH 17315-20-109 returned 6.02g/t Au over 4.0m in a shear zone south of the Bonnefond intrusive
- DDH 17315-20-110 returned 21.29g/t Au over 4.5m in a shear zone south of the Bonnefond intrusive
- DDH 17315-20-113 returned 4.75g/t Au over 7.0m and 3.73g/t Au over 4.5m in two distinct shear zones to the north of the Bonnefond intrusive
“We are very happy to present fantastic results to the public again,” says Dr.
“It is important to reiterate the exceptionally strong position QMX is in, with a solid balance sheet, multiple highly prospective gold targets across its extensive land package, and the updated Bonnefond resource estimate which is expected in the coming months,” stated
The six drill holes included in this batch of assays are located in the eastern half of the Bonnefond deposit and targeted the series of shear zones located to the south and north of the tonalite. The drilling campaign successfully achieved its objective to test the extension and grade continuity of the mineralized shears east of the intrusive.
All of the drill holes intersected mineralization close to surface. Drill holes 109, 110 and 112 tested only shear zones located south of the intrusive and returned grades of 6.02g/t Au over 4.0m, 3.54g/t Au over 6.0m and 21.29g/t Au over 4.5m. Drill holes 113, 115 and 118 intersected shear zones located to the north of the intrusive and within the current pit-shell, returning 4.75g/t Au over 7.0m, 3.73g/t Au over 4.5m and 3.48g/t Au over 2.6m. In all shears, gold grades are associated with quartz veins and sericite–albite–fuschite alteration. These new results support the grade continuity and the prospectively of the Bonnefond shear system, which remains open to the east and west.
Table 1: Highlights from the Bonnefond Deposit - DDH 17315-20-109; 110 and 113.
Hole Number | From (metre) | To (metre) | Length* (metre) | Au** (g/t) | Remarks |
17315-20-109 | 131.0 | 135.0 | 4.0 | 6.02 | |
17315-20-110 | 97.5 | 102.0 | 4.5 | 21.29 | |
17315-20-113 | 90.5 | 97.5 | 7.0 | 4.75 | |
* Reported length measured along the hole.
** Au uncut
Figure 1: QMX’s extensive and target-rich land package
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Current Exploration Drilling
With the Bonnefond Deposit infill drilling campaign complete, QMX is now in the process of updating the 2019 43-101 resource estimate and has commenced a 10,000m exploration program on Bonnefond to test for new mineralized shear zones north of the current pit shell. Drilling results, compilation and close-by projects suggest the currently known series of shear zones could extend further north on the Bonnefond property.
QMX has also launched a follow up exploration drilling program on the
This first phase of drilling on the River Target will consist of at least 5,000m.
The planned reconnaissance drilling program on the Poulmaque Target, located on the eastern side of the Bourlamaque batholith, will begin in the coming weeks, once the drill pads are permitted.
Poulmaque is a highly prospective target located 3km west of Probe Metals “Courvan gold trend” and 5km from the “Pascalis gold trend”. The northern end of the target area hosts the F-Zone and the southern end the Callahan deposit on QMX Gold’s Beacon property. The F-Zone has returned 10.93g/t Au over 1.4m and 28.45g/t Au over 1.6m according to the MERN Sigeom database and the Callahan deposit was drilled by QMX in 2017 returning quartz veins grading 32.6g/t Au over 1.0m and 7.6g/t Au over 3.0m in drill hole DDH 17319-17-005 (See Press Release
During the summer of 2020, QMX will conduct an initial reconnaissance drilling program of at least 3,000m. The objective of this program is to narrow the target area.
Figure 2: QMX 2020 Drill Target Areas
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Quality Control
During the drilling program, assay samples were taken from the NQ core and sawed in half. One half is sent to
Qualified Persons
The scientific and technical content of this press release has been reviewed, prepared and approved by
About
Contact Information: | ||
President and CEO | Public Relations | |
Tel: (514) 667-2304 | ||
Toll free: +1 877-717-3027 | Email: info@qmxgold.ca | Website: www.qmxgold.ca |
Cautionary Note Regarding Forward-Looking Information:
This press release contains or may be deemed to contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding future plans, operations and activities, planned drilling programs, projected mineralization, timing of assay results, and the ability of the Company to continue as a going concern. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, its properties and/or its projects to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the disclosure documents of the Company filed under the Company’s profile on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither
Figure 3: Results from DDH 109, 110, 112, 113, 115, 116 and 118 - Bonnefond Deposit
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Table 2: Results from DDH 109, 110, 112, 113, 115 and 118 - Bonnefond Deposit
Hole Number | Azimuth (°) | Dip (°) | Hole Length | From (metre) | To (metre) | Length* (metre) | Au** (g/t) | Remark |
17315-20-109 | 180 | -85 | 318 | 131.0 | 135.0 | 4.0 | 6.02 | South Shear |
17315-20-110 | 180 | -85 | 333 | 82.5 | 88.5 | 6.0 | 3.54 | South Shear |
97.5 | 102.0 | 4.5 | 21.29 | South Shear | ||||
131.0 | 133.5 | 2.5 | 2.77 | South Shear | ||||
193.5 | 196.5 | 3.0 | 1.45 | South Shear | ||||
17315-20-112 | 180 | -75 | 423 | 244.5 | 254.0 | 9.5 | 0.73 | South Shear |
283.5 | 285.5 | 2.0 | 0.75 | South Shear | ||||
408.0 | 412.5 | 4.5 | 1.34 | South Shear | ||||
17315-20-113 | 180 | -80 | 534 | 90.5 | 97.5 | 7.0 | 4.75 | North shear |
151.5 | 166.5 | 15.0 | 2.10 | North shear | ||||
Incl. | 4.5 | 3.73 | ||||||
17315-20-115 | 180 | -80 | 702 | 101.1 | 103.7 | 2.6 | 3.48 | North shear |
138.2 | 143.8 | 5.6 | 1.42 | North shear | ||||
306.5 | 308.0 | 1.5 | 3.68 | South Shear | ||||
382.6 | 385.2 | 2.6 | 1.59 | South Shear | ||||
603.0 | 605.9 | 2.9 | 1.41 | South Shear | ||||
17315-20-118 | 180 | -78 | 306 | 51.0 | 55.5 | 4.5 | 2.85 | North shear |
106.3 | 107.5 | 1.2 | 2.34 | North shear | ||||
* Reported length are measured along the hole.
** Au uncapped
Source:
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