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QcX discovers 5km gold trend during work program on Golden Giant East, Quebec

Sep 14, 2020

QcX Gold Corp. has announced results from its Phase 1 exploration program on its 100% owned Golden Giant project . The overall Golden Giant project comprises 3 properties, Golden Giant East, Golden Giant West and the recently acquired Kali East properties, covering 18,992 hectares and is contiguous to Azimut Exploration Inc.'s Patwon project.

The Phase 1 exploration program on GGEast resulted in the discovery of a kilometric anomalous gold trend, spanning over 5 km, with results of up to 1.71 g/t Au from grab samples. In addition, Phase 1, prospecting resulted in the discovery of several other promising areas of interest on both the East and West blocks.

In Phase 1, 425 samples out of the total of 550 grab and channel samples collected were taken from GGEast. Of these, 35, or 8.2% of the total samples analyzed, returned anomalous values greater than 20 ppb Au as shown in Figure 2 and Table 1. 12 samples, or 2.8% of the total samples analyzed, returned greater than 0.1 g/t Au, with the highest grab sample returning 1.71 g/t Au. Of particular importance is the identification of a northeast-trending zone of anomalous gold samples, spanning approximately 5 km and roughly following the southern portion of a cherty banded iron formation unit. A second gold trend occurs in the southern portion of the GGEast property, which is again coincident with the cherty iron formation unit. Gold in iron formations make excellent exploration targets due to their scaleability, and correlation with high magnetic geophysical anomalies. In this case the gold mineralization has a correlation with silver and copper, and is weakly correlated with zinc, antimony and/or arsenic.

Gold mineralization occurs in a variety of settings, including:

  • Anomalous gold values of 425 ppb, 215 ppb, 160 ppb, 149 ppb, and 143 ppb were obtained from a series of samples of quartz-chlorite veins in the East Block. The veins vary in width from a few centimetres to 15 centimetres, contain trace amount to 1% pyrite, and are oriented approximately at 215º/85º N (Figure 3 - A).
  • 1.7 ppm Au: value obtained from one sample of quartz-tourmaline vein with 1% of fine disseminated pyrite and traces of chalcopyrite crosscutting a tuff sequence and proximal to contact with pillowed andesite. Similar veins were noted in that area and will be tested during Phase-II.
  • 263 ppb and 217 ppb Au: values from samples of sheared and chlorite-garnet altered tuff with traces of chalcopyrite and 2% pyrite along the margins of a 40 cm wide quartz vein (Figure 3 - B).
  • 341 ppb Au: sample from a sub-horizontal centimetric-thick quartz vein in felsic tuff with 3% pyrite (Figure 3 - C).
  • 227 ppb, 107 ppb, and 101 ppb Au: samples of mineralized bands (5-30 cm wide) of chert with locally up to 20% pyrite (Figure 3 - D).

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