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QcX acquires Kali Project expanding Golden Giant Project in James Bay Lowlands, Quebec

Sep 9, 2020

QcX Gold Corp. has acquired a 100% interest in the Kali project held by Harfang Exploration Inc., located in the James Bay lowlands area of Quebec. The Kali Project consists of multiple prospective land parcels covering approximately 10,127 hectares. The newly acquired land package expands QcX's Golden Giant project ("Golden Giant Project") to 18,992 hectares as shown in Figure 1.

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Figure 1: QcX Gold Corp's James Bay Properties with respect to regional exploration activities

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The Kali Project is comprised of the Kali West property (7,226 hectares) ("Kali West Property"), the Kali Island Property (53 hectares), and the Kali East property (2,848 hectares) ("Kali East Property") (together referred to as the "Properties"). The Properties are underlain by Archean felsic to mafic volcanic rocks of the Wabamisk and Komo Formations as well as tonalitic gneisses, as shown in Figure 2, which are favourable hosts to gold mineralization in the James Bay region. The Kali West Property is contiguous with QcX's Golden Giant West Property and Dios Exploration Inc.'s K2 gold project; and shows similar structures and geology to those claims hosting gold showings in the surrounding area, including Azimut's Patwon discovery from which drill results include up to 3.15 g/t Au over 102.0 m (see Azimut press release dated January 14, 2020). 

The Kali East Property is located on the southeastern margin of the kilometric-scale Kasapawatish batholith, which may be related to the structural framework at Azimut's Patwon which is found to the northwest of this intrusion. The Kali East Property is contiguous with properties of O3 Mining Inc. and Les Explorations Carat Inc. which include several historic showings of gold and zinc. 

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Figure 2: QcX James Bay Properties underlain by regional geology and structure


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