- Shares in QMX Gold (QMX) have shot up today, after the company revealed an astounding widespread intersect from its Val d’Or East land package
- The company’s recent exploration work has focused on the Bonnefond deposit and intersected an average grade of 1.48 grams per tonne gold over 1.109.6 metres
- Within that drill was a higher-grade assay at 6.48 grams per tonne gold over 73.2 meters
- The company has thus far completed 10 of its proposed 20-hole drilling program on Bonnefond, with more assays pending
- QMX Gold (QMX) is up 54 per cent and is trading at C$0.28 per share
Shares in QMX Gold (QMX) have shot up today, after the company revealed a widespread intersect from its Val d’Or East land package.
The company’s recent exploration work has focused on the Bonnefond deposit and intersected an average grade of 1.48 grams per tonne gold over 1.109.6 metres.
Within that long strike was a higher-grade assay at 6.48 grams per tonne gold over 73.2 metres from 150 metres down.
Further down the hole was another high-grade internal result at 35.56 grams per tonne gold over 4 metres at 1,050 metres downhole. The company also hit a solid strike of 5.4 metres at 12.65 grams per tonne gold at 120 metres down hole.
The drilling work has designed to test the Bonnefond deposit at significant depth, which is why the company continued drilling downhole for over a kilometre.
QMX also hopes to receive some structural and geological data from the gold despots, to help advance the site’s geological and grade-model.
The company has thus far completed 10 of its proposed 20-hole drilling program on Bonnefond, with more assays pending.
The company is also set to begin a 3,000-metre drilling program at the Poulmaque target, also on the Val d’Or East properties.
Dr Andreas Rompel, the Vice President of Exploration at QMX Gold said the results coming from Bonnefond continue to impress.
“While we refine the structural geological model and discover more shear zones transecting the tonalitic and diuretic intrusive with elevated mineralization levels.
“We intend to further explore the precise extent of the plug and the geometry of the shears within as it seems highly prolific for high grade gold grades,” Andreas said.
QMX Gold (QMX) is up 54 per cent and is trading at C$0.28 per share at 10:30 am EDT.