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QCX Gold Corp (QCXGF)

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Last Post: 7/20/2021 7:46:11 AM - Followers: 0 - Board type: Free - Posts Today: 0

QcX Gold is exploring for gold and volcanic massive sulphide (VMS) style mineralization within the safe, mining-friendly jurisdiction of Quebec, near Azimut Exploration’s and Wallbridge Mining’s gold discoveries.

https://qcxgold.com/

The Golden Giant Project is located near the village of Eastmain, in the James Bay region of Québec, Canada which is connected to the Québec provincial highway network, a regional airport, and provincial power. The project comprises three properties, covering 18,992 hectares: Golden Giant East, Golden Giant West and the Kali East block. There is tremendous early upside exploration potential on this property.

The Golden Giant Project is contiguous with Azimut Exploration Inc.’s Elmer Gold Project and only 2.9 km from its Patwon Discovery – where significant gold mineralization was announced in January 2020 with drill results up to 3.15 g/t Au over 102 m. In addition, it is also contiguous with Dios Exploration and Midland Exploration projects.

In Q1 2021, QcX Gold identified multiple high-priority targets from a high-resolution magnetics survey on its Golden Giant East (GGE) and West (GGW) blocks.
In total, 25 targets were identified across GGE and GGW. These target areas were generated based on gold occurrences from surface sampling together with the structural architecture that characterizes the GGE and GGW Areas of Interest as interpreted from magnetic data and available geological constraints (e.g., structural observations and field measurements).
All targets warrant follow-up exploration work, with 10 targets (3, 13, 14, 15, 16, 18, 19, 20, 23, 25) marked as high-priority due to the existence of a geophysical anomaly combined with existing gold values found at surface.

 

QcX has an option to earn a 100% interest in the Fernet project. The Fernet property is 7,251 hectares and is located in the northern Abitibi region of Quebec, Canada. It is comprised of two blocks of claims contiguous with Wallbridge Mining’s Fenelon/Martiniere property with multiple high-priority structural intersections. Fernet is underlain by Archean volcanic rocks that are host to numerous gold, silver, and base metal occurrences along the Sunday Lake portion of the northern Abitibi Greenstone belt.

Contiguous with Wallbridge’s Detour Trend project, the Fernet lies 15 km northwest of Fenelon mine (bulk sample of 33,233 tonnes at 18.49 g/t Au – Wallbridge news May 15, 2019), 4 km north of the Martiniere gold deposit (open pit-constrained Indicated gold resource of 431,000 ounces at an average grade of 2.0 g/t and an Inferred gold resource of 11,000 ounces at an average grade of 2.5 g/t; an additional underground Indicated resource of 159,000 ounces at an average gold grade of 4.5 g/t and an Inferred resource of 43,000 ounces at an average gold grade of 5.8 g/t – Balmoral Resouces news March 27, 2018), and 55 km east of Detour Lake mine ( ~15.4 Moz mineral reserves including proven mineral reserves of 3.4 million ounces (85.2 million tonnes at an average grade of 1.24 grams per tonne) and probable mineral reserves of 12.1 million ounces (413.2 million tonnes at an average grade of 0.91 grams per tonne) as of December 31, 2018 – Detour Gold news dated March 7, 2019) ). Numerous mineral occurrences are present in the area.

QcX is currently targeting NW & NE trending fault intersections, similar to Wallbridge’s Fenelon & Martiniere gold deposits.

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