Eldorado Gold Corp (EGO)

[NYBob]

QMX hits high grades at River
Canadian Mining Journal Staff |
January 30, 2020 | 12:26 pm Exploration Canada Gold


Drill core. Image by QMX Gold.

QMX Gold has announced results of the first three holes completed
on the River target on the western side of the company’s
project in Val d’Or, Quebec.

Drill highlights include:

2 metres of 39.83 g/t gold;
4 metres of 17.71 g/t gold; and
2.9 metres of 7.76 g/t gold.

“We are delighted that we immediately achieved high-grade gold
intersections in the first three drill holes on our new River target,”
Andreas Rompel, the company’s vice president of exploration said in a
release.
“This gives us great optimism and encouragement to continue with our
structural target delineation in general and for the River target in
particular, where we anticipate establishing additional resources.”

Assays for four additional holes completed are pending.
QMX plans to complete additional drilling at River once modelling is
completed using the first batch of drill holes.

The River target is located approximately 1 km to the west of
the historic Lac Herbin-Dumont-Ferderber gold system and
was discovered in 2011.

In December, Eldorado Gold invested C$4 million in QMX,
giving it a 19.99% stake in the company;
QMX also holds a permitted mill and tailings facility at
its Quebec project.

A maiden resource for the Bonnefond deposit in the eastern portion of
the property was released in July: indicated resources currently
stand at 4.8 million tonnes grading 1.69 g/t gold for a
total of 258,700 oz. with additional inferred resources
of 2.4 million tonnes at 1.87 g/t gold for 145,100 oz.

Additional targets have been identified for follow-up within
the 200-sq.-km project.
QMX started drilling at the site in 2017.

(This article first appeared in the Canadian Mining Journal)

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