Welcome!

News Feed Item

QMX Gold Announces Ongoing Success at Bonnefond South Plug, Intersects 1.9 g/t Gold Over 84 Meters

Includes 4.9 g/t gold over 10.2 meters in sheared mafic dyke

TORONTO, ONTARIO -- (Marketwired) -- 10/12/17 -- Editors Note: There are two photos associated with this press release.

QMX Gold Corporation ("QMX" or the "Company") (TSX VENTURE: QMX) is pleased to report assay results from the second hole in a 4,500-meter drill program targeting the Bonnefond South Tonalite Plug on the east side of QMX Gold's extensive land package in Val d'Or, Quebec (Figure 1).

Highlights include:

--  The second hole, intersected the Tonalite Plug from the bedrock
    interface at 71.8 meters, down to a hole depth of 155.6 meters. The
    entire interval demonstrated alteration and veining typical of the
    mineralized zone and assayed 1.9 g/t gold over 83.8 meters (core
    length);

--  Within this interval, a sheared mafic dyke returned 4.9 g/t gold over
    10.2 meters from 95.8 meters to 106.0 meters;

--  Four shear zones were also intersected within the footwall volcanic
    rocks below the Bonnefond South Plug. The shears are similar to those
    encountered in the first hole of this program (Press Release: September
    13, 2017) with assay results of up to 7.0 g/t gold over 2.8 meters;

--  Eight holes for 3,807 meters have been completed to date, assays for
    holes 3 through 8 are pending.

"Drilling on our Val d'Or Mining Camp property continues to yield strong results. Combining these initial results on Bonnefond South with the discoveries announced earlier in 2017, our team is proving its ability to successfully identify, evaluate and target prospective areas across our large land package in the heart of the Val d'Or mining district," commented Brad Humphrey, President and CEO. "The Bonnefond South drill program is successfully achieving its three primary goals, i) confirm AUR Resources' results within the plug, ii) allow us to use down-hole core-orientation tools, and iii) test for the extension of mineralization outside of the plug. The results to date have exceeded our expectations."

"The first two QMX drill holes confirm good continuity in widths and grades between the wider spaced historical holes. Further drilling and the use of oriented drill core will allow us to better define the potential for extensions of both the Tonalite Plug and mineralization," stated David Rigg, Senior VP Exploration.

Result from Second Hole - 17315-17-026

The casing of the second hole was secured in bedrock at 71.8 meters. The hole entered directly into a shear zone interpreted to be at the north contact of the Bonnefond Tonalite Plug. The south contact of the Bonnefond Plug was intersected at 155.6 meters and is also a shear zone. The entire 83.8 meter interval, from 71.8 to 155.6 meters, is cut by a system of millimetric to decametric, auriferous quartz-tourmaline veins with associated alterations and minor Pyrite. The entire section assayed 1.9 g/t gold over 83.8 meters (Figure 2 and Table 1). The geological environment is very similar to that of the first hole of the program, 17315-17-25 (Press Release: September 13, 2017). The broad intersection of tonalite in the second hole is also cut by a sheared and mineralized mafic dyke from 95.8 to 106.0 meters that assayed 4.9 g/t gold over 10.2 meters. Both of the shear zones delimiting the tonalite, the North Shear and the South Shear, are mineralized and assayed 0.80 g/t gold over 4.0 meters and 5.2 g/t gold over 6.6 meters, respectively.

Results from the second hole are consistent with the results from historic drilling completed by AUR Resources. AUR hole 315-22, 50 meters bellow the second QMX drill hole, intersected the Tonalite Plug and returned 2.0 g/t gold over 54.7 meters (Figure 2). The AUR intersection cut two sheared mafic dykes returning 4.2 g/t gold over 5.1 meters and 10.8 g/t gold over 3.2 meters. The alteration and veining described in the historical drill logs is very similar to that in QMX Gold's hole 17315-17-025 and -026.

Within the footwall volcanic rocks underlying the plug to the south, four distinct zones of shearing were intersected. QMX believes these metric wide zones result from focused high strain deformation with associated alteration and anomalous gold values and are similar to those encountered in the first hole of the program. The best gold intersection from the second hole associated with these shears is 7.0 g/t gold over 2.8 meters.


Table 1: Technical Parameters and Assay Results - Hole 17315-17-026
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                MTN Zone 9, Nad MTM Zone 9,   Azimuth      Dip       Hole
Hole Number            83          Nad 83                           Length
                    Easting       Northing  ( degrees )( degrees ) (meters)
----------------------------------------------------------------------------
17315-17-026         232100       5330438       180        -55        402
                                                                  ----------
                                                                   Including
                                                                   Including
                                                                   Including
                                                                  ----------





----------------------------------------------------------------------------
----------------------------------------------------------------------------


Table 1: Technical Parameters and Assay Results - Hole 17315-17-026
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                    From          To       Length(i)    Au(ii)  Description
Hole Number
                  (meters)     (meters)     (meters)    (g/t)
----------------------------------------------------------------------------
17315-17-026        71.8        155.6         83.8       1.9      Tonalite
                ------------------------------------------------------------
                                                                North Shear
                    71.8         75.8         4.0        0.8        Zone
                                                               Sheared Mafic
                    95.8        106.0         10.2       4.9        Dyke
                                                                South Shear
                    150.4       155.6         5.2        6.6        Zone
                ------------------------------------------------------------
                    193.8       197.0         3.2        1.0     Shear Zone
                    210.7       214.2         3.5        1.7     Shear Zone
                    277.8       280.8         3.0        0.5     Shear Zone
                    372.8       375.6         2.8        7.0     Shear Zone

----------------------------------------------------------------------------
----------------------------------------------------------------------------
(i) Reported length are measured along the hole.
(ii) Au uncut.

Hole 27325-27-026 was drilled with an azimuth of 180 degrees and a dip of -55 degrees to validate the geometry and the extension of the sheared mafic dykes. A detailed review of the geology and a description of the current drilling program is available in a press release dated September 13, 2017.

At this stage in the program, it is too early to define the direction and dip of all the individual structures and components that combine and contribute to the overall shape and plunge of the tonalite plug and mineralized zone(s). All drill holes are NQ-sized and will be surveyed at the end of the program using the Optical and Acoustic Imaging tool from PanPacific Wireline Services. Prior drilling was AQ-sized, which is not amenable to the survey equipment.

Qualified Persons

The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. David Rigg, P.Geo, Senior Vice President Exploration, 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 was recently restructured and is now systematically exploring its extensive property position in the Val d'Or mining camp in the Abitibi District of Quebec. QMX is currently drilling on the Bonnefond South Plug and is evaluating its recent discoveries on the Southwestern and Beacon Zones in order to develop follow up drill programs. In addition to its extensive land package, QMX owns the Aurbel gold mill.

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 and obtaining necessary financing, 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.

To view the photos associated with this press release, please visit the following links:

http://media3.marketwire.com/docs/1103422_Figure1.jpg

http://media3.marketwire.com/docs/1103422_Figure2.jpg

Contacts:
QMX Gold Corporation
Brad Humphrey
President and CEO
(416) 861-5887

QMX Gold Corporation
Louis Baribeau
Public Relations
(514) 667-2304

QMX Gold Corporation
Toll free: +1 877-717-3027
[email protected]
www.qmxgold.ca

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
The session is centered around the tracing of systems on cloud using technologies like ebpf. The goal is to talk about what this technology is all about and what purpose it serves. In his session at 21st Cloud Expo, Shashank Jain, Development Architect at SAP, will touch upon concepts of observability in the cloud and also some of the challenges we have. Generally most cloud-based monitoring tools capture details at a very granular level. To troubleshoot problems this might not be good enough.
In the fast-paced advances and popularity in cloud technology, one of the most critical factors revolves around concerns for security of your critical data. How to assure both your company and your customers they can confidently trust and utilize your cloud environment is most often top on the list. There is a method to evaluating and providing security that exceeds conventional modes of protecting data both within the cloud as well externally on mobile and other devices. With the public failure...
Transforming cloud-based data into a reportable format can be a very expensive, time-intensive and complex operation. As a SaaS platform with more than 30 million global users, Cornerstone OnDemand’s challenge was to create a scalable solution that would improve the time it took customers to access their user data. Our Real-Time Data Warehouse (RTDW) process vastly reduced data time-to-availability from 24 hours to just 10 minutes. In his session at 21st Cloud Expo, Mark Goldin, Chief Technolo...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
Though cloud is the future of enterprise computing, a smooth transition of legacy applications and systems is critical for seamless business operations. IT professionals are eager to start leveraging the cost, scale and other benefits of cloud, but with massive investments already in place in existing infrastructure and a number of compliance and resource hurdles, it can be challenging to move to a cloud-based infrastructure.
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, will go over the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, applicatio...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, will discuss how from store operations...