QMX Gold Corporation is pleased to provide an update on the ongoing diamond drill program targeting the Bonnefond South Plug on the east side of QMX Gold's extensive land package in Quebec.
- Phase I program consists of nine holes for 4,500 meters of diamond drilling - two holes for approximately 1,025 meters have been completed, both intersecting mineralization.
- Phase II drill campaign will target the lateral and vertical extensions of this gold system.
Val d'Or Mining Camp Property - Current Activities
To view Figure 1 - Val d'Or Mining Camp Property, please visit the following link: http://media3.marketwire.com/docs/QMX%20image.jpg
Drilling is ongoing on the Bonnefond South Plug to test a reinterpretation of the historical geological model. Roughly 1,025 meters have been completed of the 4,500-meter program. AUR Resources discovered the plug-like, tonalitic intrusion (referred to as the Bonnefond South Plug) which contains gold in association with shear and tensional quartz-tourmaline veining. Historical drilling returned large low-grade intersections with high grade cores. Results reported by AUR include 1.9 g/t Au over 55 meters including 10.8 g/t Au over 3 meters (Hole 315-22, QMX historical data base, all reported lengths are core lengths). Drill core from all AUR's drill programs is available for reference and resampling.
Gold mineralization is also associated with shear zones in the adjacent volcanic rocks, located south of the plug, where historical drilling returned up to 12.2 g/t Au over 12 meters (Hole 315-36B, QMX data base). The gold target environment bears many similarities to the gold target environment on Eldorado Gold's Lamaque Project (previously Integra Gold). All historical drill holes were drilled from North to South and oriented core was not utilized. The current geological interpretation indicates that the gold system has likely been cross cut by late faults and that the mineralization remains open on strike and at depth.
The Phase I drill program was developed to confirm vein, fault and shear orientations by more closely spaced drilling using oriented core. A total of five holes for 2,500 meters will test the quartz-tourmaline gold vein system and shear zones hosted in the Bonnefond South Plug. The drilling will focus on the upper 300 meters of the zone and fill in AUR's first-pass drilling that was on 100-meter spacings. In addition, four holes for 2,000 meters are intended to evaluate the extension of the shear zone system south of the Bonnefond South Plug.
The first two holes have encountered shear and tension veining within intrusive rocks at depths and intervals projected from adjacent historic drill holes. Veins are typically quartz-tourmaline. Samples from core have been submitted for analysis. Assay results are expected in three to four weeks. The veins are associated with strong wall rock alteration and bleaching. Structural work is progressing.
A Phase II drilling program is being developed to validate lateral and depth extensions of this gold system, particularly the eastern extension of the historical intersection of 12 g/t Au over 12 meters. This program will commence once the Phase I program is completed and has been evaluated.
"Our team is very eager to complete this phase of drilling on the Bonnefond South Plug and test our interpretation of the gold system. So far, the drilling has been very encouraging. At the same time, we continue to systematically prepare future drill targets on priority zones to build on our recent successes in this highly prolific region," stated Brad Humphrey, President and CEO.
The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. David Rigg, P.Geo, Senior Vice President Exploration, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").