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QMX prepares large drilling programme for Canadian target

Published by
Global Mining Review,

QMX Gold Corporation has issued an update on its plans for the Bevcon target area located 27 km east of Val d'Or, Quebec - on the eastern side of its extensive and contiguous land package.

Brad Humphrey, President and CEO stated: "This is an exciting point in time for QMX Gold and its exploration team, after more than a year of hard work compiling and analyzing a huge amount of historical data across a number of priority zones, we now have a significant pipeline of promising drill-ready targets. We continue to see favourable indications from our current drilling on Bonnefond South, continue to evaluate our recent successes on the Southwestern and Beacon zones for potential follow-up drill programs, and are now preparing targets at one of our most exciting projects, Beacon."

"Our methodical and systematic approach towards exploring QMX Gold's highly prospective land package, across the heart of the Val d'Or mining camp is now bearing fruit with a healthy pipeline of exciting drilling opportunities."

QMX anticipate drilling at Bevcon with a goal of 5 000 meters before the end of August. The primary targets will follow extensions of the gold shear zones within the volcanic rocks north of the Bevcon intrusion and will test the presence of gold hosted plugs in favourable locations of the Val d'Or mining camp.

The target area covers the past-producing Bevcon Gold mine, that produced 478 000 ounces (from 1947 to 1965), making it the sixth largest gold mine in terms of production in the Val d'Or Mining Camp. Since then, this area has seen little exploration or development.

Historical drilling within the volcanic rocks indicate the presence of gold shear zones that previously returned values of 5.1t of gold over 10.4 meters and 3.5t over 12.7 meters including 10.2t more over 3.2 meters (according to the QMX Gold DDH database). Historically only limited work was conducted and this target remains open in all directions.

The last drill programme on the Bevcon target was completed in 1992. QMX Gold recently compiled all historical data from this programme, including 3-D modeling of the deposit, in preparation of drill targets for an initial 5 000 metre diamond drill program. This program is expected to commence by the end of August.

The known Bevcon gold deposit lies within the northern part of the Synvolcanic, quartz-diorite, Bevcon intrusion. Only limited underground drilling encountered mineralization, with the programme drilling below the mine to the depth of 1 000 meters. More of this mineralisation will hopefully be discovered as further drilling begin.

The northern part of the Bevcon intrusion is on trend of a potential eastern extension of the Bonnefond South Plug where QMX is currently drilling. The geological context is very similar to the Bonnefond South Plug and the Lamaque Project with the presence of gold-bearing shear zones and plug style intrusion hosted gold mineralization.

Additional gold zones have been highlighted within and along the margin of the Bevcon synvolcanic intrusion. Each of these zones will be reevaluated in relation to the geometry of the gold mineralization known in the Val d'Or mining camp.

"Mining in Val d'Or commenced in 1932 at the Lamaque Mine. 60 years later, standing at the top of the observation tower near the centre of Val d'Or, at least twelve gold and base metal, mine head-frames were visible within the camp. Recent discoveries in the Val d'Or Mining Camp demonstrate the continuing economic potential of the area and highlight the intrinsic value of the nearly 200 sq. km. land package that QMX controls stretching for approximately 30 km through the central part of this gold- and base metal-rich area. This is again being demonstrated through our recent work near the Bevcon deposit." commented David Rigg, Senior Vice-President Exploration.

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