QMX Gold Intersects 137.5 g/t Gold Over 3.7 Metres on Its Bevcon Target in Val d'Or
September 24 2019 - 6:30AM
QMX Gold Corporation (“QMX” or the “Company”)
(TSX:V:QMX) is pleased to report assay results from the
reconnaissance drilling program on the Bevcon target. The Bevcon
target is located 4 kilometers southeast of QMX’s Bonnefond
deposit, and 1.7 km southeast of the New Louvre target. The drill
holes are located along the west half northern contact of the
Bevcon Intrusion in the eastern portion of QMX’s extensive land
package in Val d’Or, Quebec (Figure 1).
Highlights include:
- Drill hole 17311-18-015 returned 84.8
g/t Au over 6.0m, including 137.5 g/t Au over
3.7m,
- Drill hole 17311-18-017 returned 10.8
g/t Au over 4.3m,
- Drill hole 17311-18-010 returned 24.1
g/t Au over 0.8m,
- Drill hole 17311-18-018 returned 11.4 g/t
Au over 1.2m,
- Drill hole 17311-18-028 returned 8.2
g/t Au over 1.2m.
“These are outstanding results confirming our
confidence in our strategy to follow up the right targets outside
our Bonnefond mainstay where we recently released a resource
statement,” states Dr. Andreas Rompel, VP Exploration, “and it
encourages us in our strive to expand our total resource to include
the Bevcon region.”
In 2017, QMX compiled the geological data of the
Bevcon intrusion area and started a multi-phase reconnaissance and
exploration drilling program. The program focused on the northern
margin of the Bevcon intrusion to the west of the past producing
mine and along an east-west deformation corridor north of the
intrusion. The overall program consists of 28 drill holes for a
total of 16,748 meters. The objective of the drilling program was
to identify possible extensions of the Bevcon mine along the
northern margin of the intrusive and the shear zone to the
north.
Table 1: Highlights from the Bevcon drilling
campaign
Hole Number |
From(metre) |
To(metre) |
Length*(metre) |
Au**(g/t) |
Remarks |
17311-18-015 |
567.0 |
573.0 |
6.0 |
84.8 |
Bevcon Intrusion |
Including |
567.0 |
570.7 |
3.7 |
137.5 |
|
17311-18-017 |
860.5 |
864.8 |
4.3 |
10.8 |
Bevcon Intrusion |
17311-18-010 |
696.3 |
697.1 |
0.8 |
24.1 |
Bevcon Intrusion |
17311-18-018 |
494.6 |
495.8 |
1.2 |
11.4 |
Bevcon Intrusion |
17311-18-028 |
134.8 |
136.0 |
1.2 |
8.2 |
Bevcon Intrusion |
* Reported length measured along the hole. ** Au
uncapped
The northern margin of the Bevcon Intrusion
hosts the former Bevcon mine (438,250 ounces of gold grading 4.3
g/t Au from 1951 to 1965, MERN-SIGEOM). Gold is associated with a
complex Quartz-Tourmaline vein system and dykes within the
intrusion’s northern contact, which was mined over a strike length
of more than 1,000m and to a depth of 680m.
Compilation of geological data and the
interpretation of the high-resolution airborne magnetic survey
identified a series of NW-SE striking structures intersecting the
intrusion’s contact and possibly related to the mineralization. In
that context, from west to east, drill hole 17311-18-018
intersected 11.4 g/t Au over 1.2m in a deformation zone in the
volcanic rocks close to the intrusive contact. Drill hole
17311-18-017 returned 10.8 g/t Au over 4.3m; drill hole
17311-18-015 returned 84.8 g/t Au over 6.0m, including 137.5 g/t Au
over 3.7m and on the same section, drill hole 17311-18-010 returned
24.1 g/t Au over 0.8m; finally drill hole 17311-18-028 returned 8.2
g/t Au over 1.2m; all of these intersections are located in the
intrusive close to the northern margin.
Drill holes 17311-17-008 and 17311-18-021; 023;
024; 025; 026 were drilled to explore the large deformation
corridor located north of the Bevcon intrusive. Several small
mineralized zones were intersected but none warrant follow up at
this time (Table 2).
Gold mineralization in the Bevcon intrusive is
known to extend below 1000m according to the mine’s historic
records. In 2018, QMX released the results of hole 17311-17-008,
which intersected 9.0 g/t over 6.8m below the last level of mine
(QMX Gold NR May 10th, 2018), confirming the historical records.
The Bevcon Intrusion is a large and underexplored system located on
the eastern side of the Bonnefond - New Louvre - Bevcon trend in
QMX’s East Zone. QMX intends to conduct more exploration on this
target.
Figure 1: QMX’s Extensive and Target-Rich Land
Package:
https://www.globenewswire.com/NewsRoom/AttachmentNg/9631be18-0629-4c0f-9e54-ca7dc6392bf9
Figure 2: Bevcon Target QMX Gold
Intersections: https://www.globenewswire.com/NewsRoom/AttachmentNg/a9516669-8736-40cb-a0ef-068cc1a96343
Quality Control
During the drilling program, assay samples were
taken from the NQ core and sawed in half. One-half was sent to AGAT
Laboratory or Swaslab Ltd., a certified commercial laboratory, and
the other half retained for future reference. A strict QA/QC
program was applied to all samples which included insertion of
mineralized standards and blank samples in each batch of 20
samples. Gold content was determined by fire-assays on 50 grams of
pulp with an atomic absorption finish. Repeats were carried out by
fire-assay with a gravimetric finish on each sample containing 5.0
g/t Au or more. When visible gold was observed, a Pulp Metallic
assays from all the pulverized material was 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, QMX Gold, who 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 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 portion of its land
package focused on the Bonnefond plug and in and around the Bevcon
Intrusive. In addition to its extensive land package QMX owns the
strategically located Aurbel gold mill and tailings facility, which
is expected to commence custom milling in 2019.
Contact Information: |
|
|
Brad Humphrey |
|
Louis Baribeau |
President and CEO |
|
Public Relations |
Tel: (416) 861-5887 |
|
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. 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: Assay results from the Bevcon
Target – East Zone* Reported length measured along the
hole. Additional drilling is needed to determine the true width of
the mineralized zones**Au uncapped
Hole Number |
Az / Dip |
Length(m) |
From (m) |
To (m) |
Core length(m)* |
Au (g/t)** |
Comment |
17311-17-001 |
180/-80 |
174.6 |
45.6 |
49.0 |
3.4 |
2.58 |
Bevcon Intrusion |
|
|
|
56.5 |
67.1 |
10.6 |
1.79 |
Bevcon Intrusion |
|
|
Incl |
63.2 |
64.2 |
1.0 |
16.53 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-17-002 |
180/-80 |
295.0 |
24.2 |
34.6 |
10.4 |
1.45 |
Bevcon Intrusion |
|
|
|
31.6 |
33.2 |
1.6 |
4.10 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-17-003 |
180/-80 |
464.5 |
|
|
|
|
No significant values |
|
|
|
|
|
|
|
|
17311-17-004 |
180/-81 |
240.0 |
86.2 |
87.1 |
0.9 |
7.88 |
Bevcon Intrusion |
|
|
|
162.1 |
167.0 |
4.9 |
2.24 |
Bevcon Intrusion |
|
|
Incl |
165.7 |
167.0 |
1.3 |
7.20 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-17-005 |
180/-80 |
308.0 |
154.0 |
155.0 |
1.0 |
3.97 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-17-006 |
180/-80 |
591.0 |
|
|
|
|
No significant values |
|
|
|
|
|
|
|
|
17311-17-007 |
180/-80 |
291.0 |
73.0 |
77.8 |
4.8 |
0.85 |
Bevcon Intrusion |
|
|
|
93.6 |
96.3 |
2.7 |
3.54 |
Bevcon Intrusion |
|
|
|
94.1 |
95.1 |
1.0 |
8.66 |
Bevcon Intrusion |
|
|
|
119.7 |
123.9 |
4.2 |
1.65 |
Bevcon Intrusion |
|
|
|
119.7 |
121.4 |
1.7 |
3.85 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-17-008 |
175/-75 |
852.0 |
716.3 |
717 |
0.7 |
305.50 |
Sheared volcanics |
|
|
|
816.6 |
823.4 |
6.8 |
8.97 |
70m below Bevcon mine's deepest level. |
|
|
|
|
|
|
|
|
17311-18-009 |
175/-85 |
453.2 |
379.6 |
380.2 |
0.6 |
13.70 |
Bevcon Intrusion |
|
|
|
403 |
403.5 |
0.5 |
3.24 |
Bevcon Intrusion |
|
|
|
419 |
419.5 |
0.5 |
3.34 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-18-010 |
175/-85 |
855.0 |
487 |
487.8 |
0.8 |
6.69 |
Bevcon Intrusion |
|
|
|
696.3 |
697.1 |
0.8 |
24.11 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-18-011 |
180/-80 |
264.0 |
|
|
|
|
No significant values |
|
|
|
|
|
|
|
|
17311-18-012 |
175/-85 |
720.0 |
109.0 |
110.0 |
1.0 |
2.77 |
Sheared volcanics |
|
|
|
|
|
|
|
|
17311-18-013 |
180/-83 |
779.0 |
643.0 |
644.0 |
1.0 |
2.04 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-17-014 |
180/-80 |
530.0 |
|
|
|
|
No significant values |
|
|
|
|
|
|
|
|
17311-18-015 |
180/-85 |
821.0 |
567.0 |
573.0 |
6.0 |
84.80 |
Bevcon Intrusion |
|
|
|
567.0 |
570.7 |
3.7 |
137.45 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-18-016 |
180/- 80 |
683.0 |
|
|
|
|
No significant values |
|
|
|
|
|
|
|
|
17311-18-017 |
175/-85 |
882.0 |
860.5 |
864.8 |
4.3 |
10.80 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-18-018 |
175/-85 |
854.0 |
494.6 |
495.8 |
1.2 |
11.4 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-18-019 |
175/-85 |
783.8 |
507.0 |
508.0 |
1.0 |
1.10 |
Sheared volcanics |
|
|
|
710.0 |
711.1 |
1.1 |
1.45 |
Sheared volcanics |
|
|
|
|
|
|
|
|
17311-18-020 |
175/-85 |
981.0 |
309.0 |
311.0 |
2.0 |
1.85 |
Sheared volcanics |
|
|
|
709.3 |
709.9 |
0.6 |
14.45 |
Bevcon Intrusion |
|
|
|
859.1 |
862.0 |
2.9 |
1.04 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-18-021 |
175/-75 |
1020.0 |
787.7 |
788.5 |
0.8 |
4.73 |
Sheared volcanics |
|
|
|
|
|
|
|
|
17311-18-022 |
175/-80 |
900.0 |
624.9 |
625.4 |
0.5 |
3.18 |
Sheared volcanics |
|
|
|
814.8 |
815.8 |
1.0 |
6.85 |
Sheared volcanics |
|
|
|
|
|
|
|
|
17311-18-023 |
180/-75 |
609.0 |
|
|
|
|
No significant values |
|
|
|
|
|
|
|
|
17311-18-024 |
180/-75 |
807.0 |
677.6 |
678.6 |
1.0 |
2.32 |
Sheared volcanics |
|
|
|
|
|
|
|
|
17311-18-025 |
180/-75 |
531.0 |
46.5 |
48 |
1.5 |
1.67 |
Sheared volcanics |
|
|
|
145.5 |
146.2 |
0.7 |
2.46 |
Sheared volcanics |
|
|
|
227.5 |
228.5 |
1 |
3.36 |
Sheared volcanics |
|
|
|
|
|
|
|
|
17311-18-026 |
180/-75 |
555.0 |
357.0 |
359.5 |
2.5 |
1.82 |
Sheared volcanics |
|
|
|
|
|
|
|
|
17311-19-027 |
360/-85 |
252.0 |
196.9 |
198.0 |
1.1 |
1.10 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
17311-19-028 |
360/-85 |
252.0 |
119.0 |
120.0 |
1.0 |
4.64 |
Bevcon Intrusion |
|
|
|
134.8 |
136.0 |
1.2 |
8.24 |
Bevcon Intrusion |
|
|
|
|
|
|
|
|
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