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Figure 1: QMX’s extensive and target rich land package
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“QMX Gold is in an exceptionally strong position with a solid balance sheet, multiple highly prospective targets in the Val d’Or East camp and its resource update expected in the coming months.” stated
The Bonnefond Deposit and Shear zones, located in the
Bonnefond 2019 highlights include:
- 3.69g/t Au over 114.6m in the tonalite in DDH 17315-19-087 (See Press Release,
December 5, 2019 ). - 114.48g/t Au over 1.4m in a shear zones south of the intrusive in DDH 17315-19-080 (See Press Release
May 29, 2019 ). - An open-pit constrained resource with 258,700 ounces at 1.69g/t Au Indicated and 145,100 ounces at 1.87g/t Au Inferred. (See Press Release
July 30, 2019 ).
The
- 39.83g/t Au over 2.0m in a quartz vein in DDH 17421-19-046 (See Press Release
January 26, 2020 ). - 38.69g/t Au over 3.5m in a quartz vein in DDH 17421-19-048 (See Press Release
February 24, 2020 ).
The Poulmaque Target, located on the western part of the Bourlamaque batholith, is a prospective area extending on a 3.5km north-south strike in the south western part of the Bourlamaque batholith. The Poulmaque target is located 3km west of Probe Metals “Courvan gold trend” and 5km from the “Pascalis gold trend”.
The northern end of the target hosts the F-Zone and the southern end the Callahan deposit on QMX Gold’s Beacon property. The F-Zone is located in the western end of the Ferderber shear and has returned 10.93g/t Au over 1.4m and 28.45g/t Au over 1.6m according to the MERN Sigeom database. The Callahan deposit was drilled by QMX in 2017 and DDH 17319-17-005 intersected quartz veins grading 32.6g/t Au over 1.0m and 7.6g/t Au over 3.0m (See Press Release
During the summer of 2020, QMX will conduct an initial reconnaissance drilling program of at least 3,000m in this area.
Quality Control
During the drilling program, assay samples are 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: | ||
Brad Humphrey President and CEO | Public RelationsTel: (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, projected mineralization, timing of assay results, drilling program for 2020, timing of updated resource estimate, anticipated news flow, 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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