TSX-V: QMX

Stock Quote: VSE

Price 0.16

Change +0.02

Volume 100,200

% Change +10.71%

Intraday High 0.16

52 Week High 0.40

Intraday Low 0.15

52 Week Low 0.14

Today's Open 0.15

Previous Close 0.14

Apr 24, 2018 11:53 AM
Pricing delayed 20 minutes
Assets

Val d’Or

In the Val d’Or Camp, QMX has 100% ownership in properties representing one of the largest land positions in the region, covering more than 200 km². The property area is favourable for both gold and base metal exploration and discovery, and hosts multiple past-producing gold and base metal mines. 

Historical production from the Camp is 0.7 million tonnes (Mt) of copper, 0.7 Mt zinc, 18.4 Moz of gold and 50.0 Moz of silver.

There is a long history of discoveries in the region and across the land package. New discoveries are also being made in the region with recent discoveries on the western boundary by Integra Gold and to the south by Alexandria Minerals.

In 2017, QMX made new discoveries with positive results in its high priority targets Bonnefond South, Southwestern Zone and Beacon Target, which include:

  • Bonnefound South Plug: first two holes encountered mineralization within the Plug from the bedrock interface with the first hole at 61.7m, assaying 1.5g/t over 118.9m; incl. 2.5g/t over 44.1m and 1.6g/t over 33.1m and the second hole from 71.8m, assaying 1.9 g/t over 83.8m (core length)
  • Southwestern Zone: encouraging gold intersections, incl. 14.0g/t over 0.7m and 4.9g/t over 3.2m and a hole on the southern boundary that cut a Diorite Sill which appears from magnetic data to be on trend of Integra Gold’s Triangle Deposit
  • Beacon Target: highlights include 6.1 g/t Au over 5.4 meters (including 32.6 g/t Au over 1.0 meter) and 7.6 g/t Au over 3.0 meters and multiple Quartz-tourmaline-Pyrite vein orientations with alteration along vein margins similar to that at Goldex Mine

QMX recently secured funding for multiple phases of drilling in 2018 and is currently pursuing near term opportunities with a focus on high-priority prospective gold zones along the south western boundary and east zones while evaluating follow-up programs given new discoveries, orientation results and new drill data.

 

QMX Gold's Val d'Or Mining Camp property in Val d'Or East.


 

65 Queen Street West Suite 800, P.O. Box 75, Toronto, Ontario, Canada M5H 2M5  Phone: 416-861-5899