QMX Gold Commences Drilling on New River Target in Val d’Or, Quebec

TORONTO, Nov. 19, 2019 (GLOBE NEWSWIRE) — QMX Gold Corporation (“QMX” or the “Company”) (TSX:V:QMX) is pleased to announce that it has commenced an exploration drilling program on the River Target in the western part of its extensive land package in Val d’Or, Quebec (Figure 2). Expansion drilling on the Bonnefond Deposit is also underway.

Fall Drilling Program – Underway

QMX Gold Fall 2019 drilling program will consist of roughly 7,000m focusing on expansion drilling at the Bonnefond Deposit in the East Zone and reconnaissance drilling on the River Target in the Bourlamaque Zone.

The River Target is located in the Bourlamaque Zone, roughly 1 kilometre (km) west of the Lac Herbin-Dumont-Ferderber gold system on the Bourlamaque Batholith. The River Target was originally discovered in 2011 by Alexis Minerals and has not been followed up since. According to QMX Gold databases the best intercepts from 2011 were 35.2g/t Au over 6.2m in drill hole AMAR-249; 12.5 g/t Au over 4.5m in drill hole AMAR-251 and 9.1 g/t Au over 4.8m in drill hole AMAR-250 (Figure 1).

The gold mineralization is hosted in quartz-carbonate-tourmaline veins associated with shear zones. Several other gold intercepts along the River Target strike indicate a broader potential for exploration. The ongoing 1,100m drilling program is an initial reconnaissance drilling program to test the geometry and grades. Follow up drilling will be results dependent.

Figure 1: River Zone long section: https://www.globenewswire.com/NewsRoom/AttachmentNg/79779be6-ded5-4bab-a360-2259c78407f5

The 6,000m Fall drill program on the Bonnefond Deposit started in September and is expected to be completed by the end of January 2020. This drilling campaign is focused on both the Bonnefond intrusive and the mineralized shear zones to the North and South of the plug. In the intrusive, drilling is focused on upgrading the inferred portion of the resource to the indicated resource category, while drilling outside the intrusive, in the higher-grade shear zones, is expected to improve definition and increase the grade and tonnage in the inferred category (initial NI 43-101 resource report filed September 17, 2019).

A broader Winter exploration program focusing on extensions of the overall Bonnefond mineralized system is currently being developed, scheduled and budgeted.

”We are in the powerful position having a multitude of highly prospective targets in our approximately 30 kilometres along the main mineralized zones in the Val d’Or region with several previous mines alongside,” says Dr. Andreas Rompel, VP Exploration, “yet we concentrate on the most prolific areas, one of them being the River area around the previous Lac Herbin and Dumont Mines. Thanks to our structural understanding of the mineralization, we are in a very good position to increase our resource base in this particular area.”