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QMX Gold Intersects 1.5 G/T Gold Over 119 Meters in First Hole at Bonnefond South Plug

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QMX Gold Intersects 1.5 G/T Gold Over 119 Meters in First Hole at Bonnefond South Plug

 

 

 

 

 

QMX Gold Corporation (TSX-V:QMX) is pleased to report assay results from the first 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).

 

 

Figure 1: Val d’Or Mining Camp Property – Current Activities
 

  • The first hole of the drill program encountered mineralization and alteration within the Bonnefond South Tonalite Plug which extends from the bedrock interface at 61.7 meters down to 196.0 meters. Assay results from 61.7 meters to 180.6 meters returned 1.5 g/t Au over 118.9 meters; including 2.5 g/t Au over 44.1 meters and 1.6 g/t Au over 33.1 meters (Table 1).

 

 

“Our team is thrilled by the broad mineralization intersected in the first hole of the Bonnefond South drill program. The hole confirms our reinterpretation of the geological model and the presence of at least three different orientations of quartz-tourmaline veins within the Tonalite and in sheared mafic dykes.” commented Brad Humphrey, President and CEO.

 

 

“Our first hole has positively confirmed the characteristics and grade of mineralization recorded in historical drilling on the Tonalite Plug. Further drilling and the use of oriented drill core should allow us to better define the potential for extensions of both the Tonalite and mineralization.” stated David Rigg, Senior VP Exploration.

 

 

Additional Highlights:

 

  • This hole also confirmed the presence of sheared mafic dykes hosting quartz-tourmaline veins. These returned 3.6 g/t Au over 8.4 meters, including 4.2 g/t Au over 6.5 meters; and 2.5 g/t Au over 11.0 meters, including 4.5 g/t Au over 5.6 meters;
  • Gold mineralization is associated with at least three different sets of quartz-tourmaline veins;
  • Three shear zones were also intersected within footwall volcanic rocks below the Bonnefond South Plug grading up to 2.8 g/t Au over 6.5 meters;
  • Six holes for 2,780 meters have been completed to date, assays for holes 2 through 6 are pending.

 

 

Result from First Hole – 17315-17-025

 

 

The casing in this first hole, collared directly into mineralized tonalite at 61.7 meters depth, south of the northern contact of the plug, Figure 2. The gold system demonstrates good vertical continuity and extends from the bedrock interface, down to an in-hole depth of 180.6 meters. The grade of the complete interval from 61.7 meters to 180.6 meters is 1.5 g/t Au over 118.9 meters. Within this interval, two zones with a high density of veining returned 2.5 g/t Au over 44.1 meters and 1.6 g/t Au over 33.1 meters, Table 1.

 

 

QMX Gold’s recent hole compares very favourably to prior results from historic drilling completed by AUR Resources. AUR Resources hole 315-27 intersected the Tonalite from 300 to 400 meters from surface and returned 1.0 g/t Au over 44.6 meters (Figure 2). The historical AUR Resources hole also intersected a sheared mafic dyke returning 8.4 g/t Au over 2.0 meters. The alteration and veining described in the historical drill logs is very similar to that in QMX Gold’s hole 17315-17-025.

 

 

 

Figure 2: Schematic Geological Section of Hole 17315-17-025, Bonnefond South Plug

 

At least three different vein sets occur within the mineralized intervals. The veins are of millimetric to decametric thickness and typically composed of quartz-tourmaline. The veins contain less than 2% pyrite, minor chalcopyrite, and occasionally visible gold. Veining is accompanied with strong wall rock alteration characterized by sericite, albite and fuchsite, with 2 to 3% fine grained disseminated pyrite. Overall, the Tonalite is highly altered and is cross cut by sheared and mineralized mafic dykes. The mafic dykes contain tension and sheared quartz-tourmaline veins with tourmalinisation of the wall rock at the vein margins. The sheared mafic dykes return gold intercepts of 3.6 g/t Au over 8.4 meters including 4.2 g/t Au over 6.5 meters and 2.5 g/t Au over 11.0 meters, including 4.5 g/t Au over 5.6 meters.  

 

 

Table 1: Technical Parameters and Assay Results – Hole 17315-17-025

 

 

Hole Number   MTN Zone 9, Nad 83   MTM Zone 9, Nad 83   Azimuth   Dip   Hole Length From   To   Length*   Au**   Description
    Easting   Northing   (°)   (°)   (meters) (meters)   (meters)   (meters)   (g/t)    
17315-17-025   232125   5330404   180   -80   625.5 61.7   180.6   118.9   1.5   Tonalite
                    Including 78.6   122.7   44.1   2.5   Tonalite
                    with 78.6   87.0   8.4   3.6    Mafic Dyke
                    or 79.5   86.0   6.5   4.2    
                    and 109.0   120.0   11.0   2.5   Mafic Dyke
                    with 111.1   116.7   5.6   4.5    
                    Including 136.7   169.8   33.1   1.6   Tonalite
                      356.0   359.4   3.4   1.5   Shear Zone
                      407.0   413.5   6.5   2.8   Shear Zone
                                       
                                       

 

 

In the southern part of the plug and in the volcanic rocks in the footwall of the Tonalite, three sheared zones have been intersected showing high strain deformation and anomalous gold values. The shear zones are of a metric width. They contain quartz veins occasionally with tourmaline and pyrite and are associated with variable sericite, silica and albite alteration. The best gold intersection in this environment was 2.8 g/t Au over 6.5 meters.

 

 

The hole was drilled with an azimuth of 180° and a dip of -80° to validate the geometry of the veins and shear zone systems associated with the Bonnefond South Tonalite Plug (Figure 2 and Table 1). According to the geological interpretation, the plug has an average orientation of 285° and an average dip of -70°N. The average width of the Tonalite is about 80 meters.

 

 

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 zones. 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.

 

 

Bonnefond South Drill program

 

 

Drilling is ongoing on the Bonnefond South Plug to test a reinterpretation of the historical geological model. Roughly 2,780 meters, six holes, have been completed of the 4,500-meter program. AUR Resources discovered the plug-like, tonalitic intrusion (referred to as the Bonnefond South Plug) which contains gold in association with shear and tensional quartz-tourmaline veining. Historical drilling returned large low-grade intersections with higher grade cores. Results reported by AUR include 1.9 g/t Au over 55 meters including 10.8 g/t Au over 3 meters (Hole 315-22, QMX historical data base, all reported lengths are core lengths).

 

 

Gold mineralization is also associated with shear zones in the adjacent volcanic rocks, located south of the plug, where historical drilling returned up to 12.2 g/t Au over 12 meters (Hole 315-36B, QMX data base). The gold target environment bears many similarities to the gold target environment on Eldorado Gold’s Lamaque Project (previously Integra Gold). All historical drill holes were drilled from North to South and oriented core was not utilized. The current geological interpretation indicates that the gold system has likely been cross cut by late faults and that the mineralization remains open on strike and at depth.

 

 

The Phase I drill program was developed to confirm vein, fault and shear zone orientations using more closely spaced drilling and oriented core. A total of five holes for 2,500 meters will test the quartz-tourmaline gold vein system and shear zones hosted in the Bonnefond South Plug. The drilling will focus on the upper 300 meters of the zone and fill in AUR’s first-pass drilling which was on 100-meter spacings. In addition, four holes for 2,000 meters will test the potential for an extension of the shear zone system south of the Bonnefond South Plug.

 

 

A Phase II drilling program is being developed to validate lateral and depth extensions of this gold system, particularly the eastern extension of the historical intersection of 12.2 g/t Au over 12.0 meters (Hole 315-36B, QMX data base) [see News Release: July 27, 2017]. This program will commence once the Phase I program is completed and has been evaluated.

 

 

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.

 

 

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 set follow up drill targets. In addition to its extensive land package, QMX owns the Aurbel gold mill.

 

Posted September 14, 2017

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