QMX Gold Corp. (OTC:QMXGF)

QMX Gold Corp. (OTC:QMXGF)

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QMX Gold is a Quebec based junior exploration company focused on exploring their extensive and highly prolific Val d’Or Mining Camp in the Abitibi District of Quebec. Building on a broad exploration database, QMX is applying new geological models and systematically exploring new targets. In addition to controlling one of the most expansive land packages in the region, QMX also owns the permitted Aurbel milling facility.

-Project History

Gold was discovered on the property.
1934 - 1939
Mining operations began near the Dumont shaft, located in the Bourlamaque Zone, with modest production of 1,800 tonnes grading 0.18 ounces per tonne.
Discovery of the main Dumont shear in the Bourlamaque Zone.
1945 - 1970
From 1945 - 1967, the Bevcon Gold mine, located in the East Zone, produced approximately 3.2 Mt grading 4.3 g/t Au for 438,250 ounces of gold.
In 1969, drilling was re-initiated, confirming ore grade mineralization in the Main Shear inside the Bourlamaque pluton.
1979 - 1994
From 1979 - 1994, Ferderber mine, located in the Bourlamaque Zone, produced a total of 1.7 Mt grading 6.9 g/t Au for 362 000 ounces.
From 1980 – 1994, Dumont mine, located in the Bourlamaque Zone, produced a total of 1.3 Mt grading 6.3 g/t Au for 258 000 ounces.
QMX Gold Corporation (formerly Alexis Minerals) acquired assets formerly owned by Aur Resources Inc..
2006 - 2008
QMX acquired full ownership of the Aurbel Mill.
Between 2005-2008, underground exploration and bulk sampling programs at Lac Herbin.
Lac Herbin achieved commercial production in late 2008.
2015 - 2016
Underground mining at Lac Herbin was suspended after producing over 1.2 Mt at an average grade of 4.6 g/t Au, for approximately 172,650 ounces of gold between 2008-2016.
The Aurbel Mill is maintained for custom milling contracts and stockpiled ore.
QMX underwent significant restructuring and focus was reoriented towards exploration.
Exploration resumed on the Southwestern and Bourlamaque Zones with new discoveries reported.
Drilling commenced on the Bonnefond South target in the East Zone, returning significant results with its Phase 1 program.
A large pipeline of drilling targets was outlined following an extensive database review and evaluation.

-Location and Infrastructure

QMX Gold Corporation is located in Val d’Or Quebec, Canada, on the Abitibi Greenstone Belt, which is a well-known mining region with a rich history of discoveries in precious and base metals. The Val d’Or camp has produced significant quantities of gold, silver, copper, and zinc.

QMX owns 100% of a fully permitted milling facility, the Aurbel Mill.

After a century of prolific production and exploration the region offers specialized services, a skilled labor force, mining equipment, supplies and contractors, and infrastructure for the mining industry.

Electricity is provided by Hydro-Quebec. Water for the projects is easily accessible and locally supplied.

Accessible year-round by provincial highway 117 and by railway provided by Canadian National Railway gives QMX an excellent nationwide distribution channel.

-East Zone

~40km² with several gold-bearing intrusions, limited recent exploration and the potential for new discoveries.

Initial Mineral Resource Estimate Summer 2019
Consistent grade and continuity of the main zone – enriched shear zones
Plug-like tonalitic intrusion containing gold in association with shear and tensional quartz-tourmaline veining
Shear zones hosting gold mineralization to the north and south of the intrusive
Mineralized shear zone systems remain open in all directions
Multiple shear zones are intersected by high strain deformation and anomalous gold values in the volcanic wall and southern portion of the plug.

-Southwestern Zone

The Southwestern Zone is located next to Eldorado Gold’s Lamaque Property and the past producing Sigma-Lamaque Mine and recently defined Triangle Deposit. Limited deep drilling has been completed in this area.

Drilling completed in 2017, returned encouraging gold intersections including 14.0 g/t Au over 0.7m and 4.9 /t Au over 3.2m, associated with quartz-sulphide veins and disseminated sulphides, close to the Eastern projection of the Sigma-Lamaque Mines. A second gold-bearing shear zone located more to the South and East has returned a gold intersection of 3.1 g/t Au over 4.8m and 1.6 g/t Au over 6.4m (Intern Report Aur Resource).

-Central Zone

The Central Zone includes the Dunraine West and East targets which have been outlined along the Dunraine shear, a major deformation zone hosting felsic and mafic gold bearing intrusions.

-The Dunraine East target

A felsic gold bearing intrusion that strikes over 500m hosts a quartz-tourmaline veining and shearing system. Historical drilling returned significant gold values including 4.5 g/t Au over 10.4m, 9.2 g/t Au over 3m, and 37.8 g/t Au over 2.4m (Source: GM01406-GM31002 and GM48447.

-Bourlamaque Zone

The Bourlamaque Zone is located on the central portion of the Bourlamaque synvolcanic Batholith. Late dioritic dykes cross cut the batholith and control the deformation and gold-bearing quartz-tourmaline vein network systems. There are numerous gold mines hosted in this intrusion, including the Beaufor mine, which is currently in production and has produced over 1.2 million ounces.

Three past producing gold mines Dumont, Ferderber, and Lac Herbin are located on QMX Gold’s portion of the Bourlamaque Batholith. The total production from these 3 mines has been reported as 4.1Mt grading 6.0 g/t Au for 792 650 ounces (NI 43-101 The Aurbel Group Properties, July 25th 2017 by David Rigg, P.Geo).

Beacon Target
The Beacon target, on the Bourlamaque Zone, is located approximately 1km Northwest of the shear hosted gold mineralization at the former Wrightbar mine which historically produced 68,612 tonnes to 5.6 g/t Au for and the former Beacon No2 which historically produced 132,328 tonnes to 2.41 g/t Au (Source: SIGEOM/MERN).

The Beacon zone consists of a Northeast-trending quartz-tourmaline shear. Historical channel samples (Alexis Minerals 2007) returned 6.9 g/t Au over 6.0m and 45.3 g/t Au over 1.5m.

In 2017, four holes were tested laterally and at depth to show extensions to the principal shear vein. Three holes were drilled parallel to the principal shear to evaluate the potential and contribution from cross-cutting veins.

Results were:

6.1g/t Au over 5.4m including 32.6 g/t Au over 0.7m in hole 17311-17-005;
7.6 g/t Au over 3.0m including 11.1 g/t Au over 2.0m in hole 17311-17-005;
2.4 g/t Au over 5.1m in hole 17311-17-007.

QMX Gold Corp... is a publicly traded company listed on the OTC under the ticker symbol QMXGF. This is not investment advice. Please view the disclaimer found on this website.
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