QMX Gold Intersects 70.3 g/t AU Over 2.3 Metres in Shear Zone to the South of Bonnefond and 1.7 g/t AU Over 131 Metres in the...
October 25 2018 - 7:00AM
QMX Gold Corporation (“QMX” or the “Company”) (TSX:V:QMX) is
pleased to release results from the Bonnefond South drill program.
Bonnefond South is located in the Val d’Or East Zone (Figure 1) of
QMX Gold’s extensive land package in Val d’Or, Quebec. These holes
are part of a Phase II drilling program which consisted of 17
diamond drill holes totaling 9,636 metres (m).
Highlights include:
South Shear Zone:
- Drill Hole 17315-18-48 returned 70.3
g/t Au over 2.3m.
Bonnefond Plug:
- Drill hole 17315-18-43 returned 1.0 g/t Au over
134.0m, including 7.5 g/t Au over 7.0m.
- Drill hole 17315-18-45 returned 1.6 g/t Au over
47.1m, including 6.4 g/t Au over 7.0m.
- Drill hole 17315-18-48 returned 1.7 g/t Au over
131.3m, including 7.3 g/t Au over 3.0m and 8.6 g/t Au over
4.0m.
- Drill hole 17315-18-49 returned 1.5 g/t Au over
117.0m, including 5.3 g/t Au over 5.0m and 4.7 g/t Au over
4.0m.
- Drill hole 17315-18-50 returned 1.6 g/t Au over
30.7m, including 6.9 g/t Au over 6.0m.
Eastern Extension:
- Drill Hole 17315-18-44 returned 4.7
g/t Au over 2.5m.
Interpretation and evaluation are on-going as
these new results are integrated into the drill hole database. A
third phase of infill drilling is currently being completed in
order to understand the geometry and continuity of the shear zones
intersecting the Bonnefond plug. An additional diamond drill
program of 6,000m has commenced to support an initial resource
estimate and to further evaluate the mineralized shear zones. This
program is scheduled to be completed early in 2019.
Brad Humphrey, President and CEO, commented “We
are very pleased with the results from the Bonnefond South drilling
programs, which confirm continuous and thick gold mineralization
within the Bonnefond plug and higher-grades in the shear zones to
the east and south. Once we complete the Fall drilling program,
Bonnefond will move towards its initial resource estimate. At the
same time, QMX continues to actively explore additional highly
prospective targets in Val d’Or East and plans are underway to
restart drilling on the Bourlamaque Zone.”
Figure 1: QMX Gold’s Val d’Or Properties
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/3db2a125-7cf0-410c-bc89-844ba34e433d
Assays from the 2018 Drilling Program – Bonnefond
South
Highlights from these eleven holes completed
during the Winter-Spring drilling program are presented in the
Table 1 and Figure 2 (complete results are shown in Table 2).
Drill holes 17315-18-40, 41, 42, 44, 46 and 47
were designed to test the eastern extension of the Bonnefond
gold-bearing system. These intersected strong shear zones highly
anomalous in gold, similar to those intersected to the south of the
Bonnefond plug. A zone of felsic to intermediate intrusives could
represent the eastern extension of the Bonnefond prolific
mineralized dyke system.
Drill holes 17315-18-43, 45, 48, 49 and 50 were
drilled to evaluate the Bonnefond plug down to 300m, and the
geometry and continuity of the shear zones to the south. These
holes are located on the same section as drill hole 17315-18-39
(reported on July 18th, 2018) with 50m spacing. These holes
intersected very similar geology, confirming the continuity of the
mineralization with gold intercepts of 1.8 g/t Au over 96.8m, 1.0
g/t Au over 134m, 1.7 g/t Au over 131.3m and 1.6 g/t Au over 30.7m,
respectively. The gold-bearing zone on this section shows a true
thickness of approximately 60m and dips at 70º to the north.
A preliminary geological interpretation suggests
the presence of shear zones dipping southwards and intersecting the
Bonnefond plug, creating zones with high values and strong
thickness. Additional drilling is currently being completed to
confirm the orientation and continuity of these structures. Gold
assays of over 0.5 g/t Au seem well and uniformly distributed
within the Bonnefond plug.
Table 1: Highlights from the Bonnefond
South Results
Hole Number |
Hole |
From |
To |
Length* |
Au** |
Remarks |
|
Length |
(metre) |
(metre) |
(metre) |
(g/t) |
|
|
|
|
|
|
|
|
17315-18-43 |
371 |
49.0 |
183.0 |
134.0 |
1.0 |
Bonnefond intrusive |
|
Incl. |
176.0 |
183.0 |
7.0 |
7.5 |
Shear Zone |
17315-18-44 |
399 |
193.7 |
196.2 |
2.5 |
4.7 |
Eastern Extension - Shear Zone |
17315-18-45 |
354 |
147.9 |
195.0 |
47.1 |
1.6 |
Bonnefond intrusive |
|
Incl. |
158.0 |
165.0 |
7.0 |
6.4 |
Shear Zone/Mafic
Dyke |
17315-18-48 |
510 |
96.7 |
101.0 |
4.3 |
2.1 |
Shear Zone |
|
Incl. |
98.2 |
100.0 |
1.8 |
4.6 |
|
|
|
148.0 |
279.3 |
131.3 |
1.7 |
Bonnefond intrusive |
|
Incl. |
214.0 |
217.0 |
3.0 |
7.3 |
Shear Zone/Mafic Dyke |
|
Incl. |
223.0 |
227.0 |
4.0 |
8.6 |
|
|
|
336.5 |
338.8 |
2.3 |
70.3 |
Quartz Vein |
17315-18-49 |
525 |
100.0 |
102.6 |
2.6 |
3.6 |
Shear Zone |
|
|
143.0 |
147.0 |
4.0 |
3.0 |
Shear Zone |
|
|
165.0 |
282.0 |
117.0 |
1.5 |
Bonnefond intrusive |
|
Incl. |
200.0 |
205.0 |
5.0 |
5.3 |
|
|
Incl. |
275.0 |
279.0 |
4.0 |
4.7 |
Shear Zone/Mafic Dyke |
17315-18-50 |
438 |
46.5 |
77.2 |
30.7 |
1.6 |
Bonnefond intrusive |
|
Incl. |
54.0 |
60.0 |
6.0 |
6.9 |
Shear Zone/Mafic Dyke |
* Reported length are measured along the hole. ** Au uncut
Figure 2: Bonnefond South – Final Results from the
Winter-Spring Drilling Programs
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/bc07a835-944a-469d-b78a-4b8767346a18
A complete interpretation of the data from the
on-going drilling programs is underway to confirm the various shear
zone continuities and orientations and to delineate high-grade
zones within the Bonnefond plug. All drill holes are surveyed at
the end of the campaign using the Optical and Acoustic Imaging
tools (wireline logging) to determine the direction and dip of the
different structures.
Fall-Winter Drilling Program
During the Fall and Winter, QMX plans to drill a
6000m program in order to complete an initial resource estimate for
the Bonnefond plug and adjacent mineralized shear zones. The
resource estimate will commence as soon as the drilling campaign is
completed.
Qualified
Persons
The scientific and technical content of this
press release has been reviewed. prepared and approved by Mélanie
Pichon. P.Geo. M.Sc. Exploration Manager for QMX Gold Corp. and is
a "Qualified Person" as defined by National Instrument 43-101 -
Standards of Disclosure for Mineral Projects ("NI 43-101").
About QMX Gold Corporation
QMX Gold Corporation is a Canadian based
resource company traded on the TSX-V under the symbol “QMX”. The
Company has a strong balance sheet and is systematically exploring
its extensive property position in the Val d’Or mining camp in the
Abitibi District of Quebec. QMX is currently drilling in the Val
d’Or East camp portion of its land package focused on the Bonnefond
intrusive and in and around the Bevcon Intrusive. In addition to
its extensive land package. QMX owns the Aurbel gold mill.
Contact Information: |
|
|
Brad
Humphrey President and CEO Tel: (416)
861-5887 Toll free: +1 877-717-3027 |
Email: info@qmxgold.ca |
Louis
BaribeauPublic RelationsTel: (514)
667-2304Website: 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. 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 TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Table 2: Results from Holes 40 to 50 –
Bonnefond South Target
Hole Number |
MTN Zone 9 |
MTM Zone 9 |
Azimuth |
Dip |
Hole |
From |
To |
Length* |
Au** |
Remarks |
|
Nad 83 |
Nad 83 |
(°) |
(°) |
Length |
(metre) |
(metre) |
(metre) |
(g/t) |
|
|
Easting |
Northing |
|
|
|
|
|
|
|
|
17315-18-40 |
232402 |
5330696 |
180 |
-60 |
726 |
|
|
|
|
NSV |
17315-18-41 |
232449 |
5330794 |
180 |
-77 |
951 |
647.9 |
652.9 |
5.0 |
1.8 |
Shear Zone/Mafic Dyke |
17315-18-42 |
232404 |
5330387 |
180 |
-60 |
387 |
227.0 |
237.0 |
10.0 |
0.9 |
Shear Zone |
|
|
|
|
|
Incl. |
235.0 |
237.0 |
2.0 |
3.2 |
|
17315-18-43 |
232251 |
5330387 |
180 |
-85 |
371 |
49.0 |
183.0 |
134.0 |
1.0 |
Bonnefond intrusive |
|
|
|
|
|
Incl. |
176.0 |
183.0 |
7.0 |
7.5 |
Shear Zone |
17315-18-44 |
232502 |
5330349 |
180 |
-60 |
399 |
193.7 |
196.2 |
2.5 |
4.7 |
Shear Zone |
17315-18-45 |
232300 |
5330364 |
180 |
-85 |
354 |
147.9 |
195.0 |
47.1 |
1.6 |
Bonnefond intrusive |
|
|
|
|
|
Incl. |
158.0 |
165.0 |
7.0 |
6.4 |
Shear Zone/Mafic
Dyke |
17315-18-46 |
232547 |
5330351 |
180 |
-60 |
399 |
259.5 |
267.5 |
8.0 |
0.5 |
Shear Zone |
17315-18-47 |
232547 |
5330498 |
180 |
-60 |
519 |
409.5 |
413.5 |
4.0 |
0.7 |
Shear Zone/QFP Dyke |
|
|
|
|
|
|
417.0 |
423.0 |
6.0 |
0.5 |
Shear Zone |
17315-18-48 |
232243 |
5330446 |
180 |
-85 |
510 |
69.5 |
72.3 |
2.8 |
1.4 |
Shear Zone |
|
|
|
|
|
|
96.7 |
101.0 |
4.3 |
2.1 |
Shear Zone |
|
|
|
|
|
Incl. |
98.2 |
100.0 |
1.8 |
4.6 |
|
|
|
|
|
|
|
148.0 |
279.3 |
131.3 |
1.7 |
Bonnefond intrusive |
|
|
|
|
|
Incl. |
214.0 |
217.0 |
3.0 |
7.3 |
Shear Zone/Mafic Dyke |
|
|
|
|
|
Incl. |
223.0 |
227.0 |
4.0 |
8.6 |
|
|
|
|
|
|
|
336.5 |
338.8 |
2.3 |
70.3 |
Quartz Vein |
|
|
|
|
|
Incl. |
336.5 |
337.5 |
1.0 |
160.4 |
|
|
|
|
|
|
|
394.4 |
402.0 |
2.6 |
1.8 |
Shear Zone |
|
|
|
|
|
|
416.0 |
420.0 |
4.0 |
0.6 |
Shear Zone |
17315-18-49 |
232197 |
5330452 |
180 |
-85 |
525 |
43.3 |
46.0 |
2.7 |
1.2 |
Shear Zone |
|
|
|
|
|
|
100.0 |
102.6 |
2.6 |
3.6 |
Shear Zone |
|
|
|
|
|
|
143.0 |
147.0 |
4.0 |
3.0 |
Shear Zone |
|
|
|
|
|
|
165.0 |
282.0 |
117.0 |
1.5 |
Bonnefond intrusive |
|
|
|
|
|
Incl. |
200.0 |
205.0 |
5.0 |
5.3 |
|
|
|
|
|
|
Incl. |
275.0 |
279.0 |
4.0 |
4.7 |
Shear Zone/Mafic Dyke |
|
|
|
|
|
|
515.4 |
517.2 |
1.8 |
4.1 |
Shear Zone |
17315-18-50 |
232249 |
5330349 |
180 |
-85 |
438 |
46.5 |
77.2 |
30.7 |
1.6 |
Bonnefond intrusive |
|
|
|
|
|
Incl. |
54.0 |
60.0 |
6.0 |
6.9 |
Shear Zone/Mafic Dyke |
|
|
|
|
|
|
84.0 |
86.9 |
2.9 |
1.3 |
Quartz Vein |
|
|
|
|
|
|
118.0 |
126.0 |
8.0 |
0.8 |
Vein Stockwork |
|
|
|
|
|
Incl. |
118.0 |
121.0 |
3.0 |
1.7 |
|
|
|
|
|
|
|
148.9 |
156.0 |
7.1 |
1.8 |
Shear Zone |
|
|
|
|
|
Incl. |
152.0 |
156.0 |
4.0 |
2.7 |
|
|
|
|
|
|
|
185.0 |
194.0 |
9.0 |
0.9 |
Shear Zone |
|
|
|
|
|
Incl. |
185.0 |
188.0 |
3.0 |
1.9 |
|
|
|
|
|
|
|
365.5 |
383.0 |
17.5 |
1.4 |
FP Dyke/Vein Stockwork |
|
|
|
|
|
Incl. |
371.3 |
372.1 |
0.8 |
12.3 |
|
* Reported length are measured along the hole. ** Au uncut ***
NSV – No significant values
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