- QCX Gold Corp. (QCX) received assay results from the Kali East Block of its Golden Giant Project
- 51 grab samples were collected from the block, next to the largest lithium pegmatite deposit in Canada and currently being advanced to production
- Gold and base metals remain highly prospective with a highly anomalous result of 1,500 ppm copper (Cu), and 0.68 g/t silver (Ag) obtained with heavy gossan staining, 1-2 per cent pyrite
- QCX Gold (QCX) was up 40 per cent, trading at C$0.035 per share at noon ET
QCX Gold Corp. (QCX) received assay results from the Kali East Block of its Golden Giant Project.
51 grab samples were collected from the block, next to the largest lithium pegmatite deposit in Canada and currently being advanced to production.
Lithium (Li) potential was identified on the property after pegmatitic boulders were discovered scattered across the Kali claims during the field program.
The team also noted the potential for the block to hold pegmatite dikes directly under the thin layer of overburden that covers the majority of the property. Assay results from the regional prospecting program returned anomalous results for LCT-type pegmatite mineralization with up to 48.4 ppm Li and 96.6 ppm Rubidium (Rb).
Gold and base metals remain highly prospective with a highly anomalous result of 1,500 ppm copper (Cu), and 0.68 g/t silver (Ag) obtained with heavy gossan staining, 1-2 per cent pyrite. This was surrounded by other anomalous Cu and Zn results.
The majority of the Kali East Block remains unexplored, and the company added that it has more work to complete for follow-up on structurally controlled geophysical targets that were discovered.
QCX Gold Corp. (QCX) is engaged in the exploration of gold. The Golden Giant Project is located in James Bay, Québec and the Fernet Project is located in the Abitibi.
QCX Gold (QCX) was up 40 per cent, trading at C$0.035 per share at noon ET.
