• Multiple Mineralized Intersections Per Hole
• Including 29.38 g/t Gold Over 5.6 Metres
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Highlights include (Grades are uncut; lengths are measured along the holes, Table 1):
- DDH 17315-20-114 returned 1.18 g/t Au over 136.2 m including 12.14 g/t Au over 3.0m in the Bonnefond intrusive
- DDH 17315-20-117 returned 29.38 g/t Au over 5.6m including 111.70 g/t Au over 1.4m in a shear zone south of the Bonnefond intrusive.
- DDH 17315-20-119A returned 1.79g/t Au over 228.7m including 13.58 g/t Au over 7.0m in the Bonnefond intrusive.
“Since 2017, when QMX first began drilling at Bonnefond, this deposit has continuously shown its strong upside potential. As with all the previous drilling campaigns, the results from the Winter Program consistently expand the project both in size and grade. We anticipate this will continue as we explore the shear zones to the north of the deposit over the summer months”, commented
“We are very excited to once again show that our Bonnefond project is high in grade, especially where the shear zones are in contact with the tonalite intrusion”, says Dr.
The Bonnefond deposit is composed of a tonalitic intrusion with an elliptical shape measuring approximately 250m by 60m and dipping 70 degrees to the north-east and a series of mineralized shear zones dipping 45 degrees to the north which lie south of the intrusive body.
The three drill holes included in this batch of assays are located in the central part of the Bonnefond deposit (Figure 2). DDH 114 and 117 targeted the series of shear zones located to the south and north of the tonalite. They both intercepted grades typical of the Bonnefond intrusive. DDH 117 was also successful at intersecting high-grade mineralization in a shear zone south of the intrusive which assayed 29.38 g/t Au over 5.6m including 111.70 g/t Au over 1.4m.
DDH 119A was drilled close to the eastern edge of the intrusive, down plunge, to test grade continuity between pre-existing drill holes. Mid-way along its length the hole exited the tonalite but re-entered it about 60m further down the hole. The drill hole returned two sections of mineralized tonalite grading 1.79 g/t Au over 228.7m and 1.05 g/t Au over 184.3m.
The three drill holes intersected several high-grade zones within the tonalite with grades ranging from 4.55 g/t Au over 2.8m to 13.58 g/t Au over 7.0m.
Table 1: Results from DDH 114, 117 and 119A - Bonnefond Deposit
Hole Number | Azimuth (°) | Dip (°) | Hole Length | From (metre) | To (metre) | Length* (metre) | Au** (g/t) | Comment |
17315-20-114 | 180 | -80 | 655 | 356.8 | 493.0 | 136.2 | 1.18 | Tonalite |
Incl. | 362.8 | 364.8 | 2.0 | 5.09 | ||||
Incl. | 411.0 | 414.0 | 3.0 | 12.14 | ||||
17315-20-117 | 180 | -80 | 520 | 46.5 | 52.5 | 6.0 | 2.09 | South Shear |
240.7 | 329.0 | 88.3 | 1.69 | Tonalite | ||||
Incl. | 277.4 | 282.5 | 5.1 | 14.89 | ||||
Incl. | 326.4 | 329.0 | 2.6 | 4.09 | ||||
350.2 | 354.0 | 3.8 | 2.43 | South Shear | ||||
365.0 | 368.2 | 3.2 | 5.29 | South Shear | ||||
415.8 | 421.4 | 5.6 | 29.38 | South Shear | ||||
Incl. | 420.0 | 421.4 | 1.4 | 111.70 | ||||
17315-20-119A | 5 | -70 | 582 | 48.0 | 276.7 | 228.7 | 1.79 | Tonalite |
Incl. | 150.7 | 165.2 | 14.5 | 4.05 | ||||
Incl. | 216.0 | 223.0 | 7.0 | 13.58 | ||||
305.8 | 317.3 | 11.5 | 1.86 | |||||
342.2 | 526.5 | 184.3 | 1.05 | Tonalite | ||||
Incl. | 469.2 | 471.2 | 2.0 | 9.03 | ||||
Incl. | 475.2 | 477.2 | 2.0 | 5.30 | ||||
Incl. | 506.0 | 508.0 | 2.0 | 17.55 | ||||
Incl. | 523.7 | 526.5 | 2.8 | 4.55 | ||||
* Reported length measured along the hole.
** Au uncut
Figure 1: Results from DDH 114, 117 and 119A - Bonnefond Deposit
https://www.globenewswire.com/NewsRoom/AttachmentNg/b5076a32-e555-4b5e-bc14-a4395402fc35
Figure 2: QMX’s extensive and target-rich land package
https://www.globenewswire.com/NewsRoom/AttachmentNg/173a8b04-7437-45a4-b7dd-65fbc9f242b3
Current Exploration Drilling
At the Bonnefond Deposit, QMX is 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
The planned reconnaissance drilling program on the Poulmaque Target, located on the eastern side of the Bourlamaque batholith, will commence shortly. The objective of this initial program of at least 3,000m is to narrow the target area.
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
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.
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