QcX Gold Identifies 18 Gold Targets on Fernet West Block, Proximal to the Fenelon Gold Camp

QcX Gold Corp. has identified 18 targets for gold mineralization on the West Block of its Fernet Project in the northwestern region of the Abitibi, Québec. The Fernet Property lies 15km northwest of Wallbridge Mining's advanced Fenelon gold project and 4km north of the Martinière gold project. The targets were generated from an advanced structural and lithological analysis of the property. Data from an airborne magnetics survey flown in January 2021 (please see press release dated January 12, 2021) combined with existing geological data (historic drilling, outcrop mapping, known showings) were interpreted to generate key gold targets. Please see below for map outlining the targets (Figure 2) as well as an individual description of each (Table 1). In addition, the Company wishes to report that all core from the 17 holes drilled on Golden Giant East ("GGEast") and Golden Giant West ("GGWest") blocks have been logged and samples have been sent to the lab for analysis. Results are pending and will be reported once received. 

Aaron Stone, Vice President Exploration of QcX, stated, "We are excited by the prospects that the Fernet West block presents to us. Geophysical techniques provide us with a glimpse of the possible structures and geology that lie beneath the surface. This analysis has identified the structural complexity of the Fernet West geology and the great potential for structurally controlled gold mineralization that directly correlates with this. This was a crucial piece of work for us in our exploration strategy at Fernet and will greatly aide in guiding future work on the property."

External geophysicists, AussieCan Geoscience Inc., were engaged to conduct the study which was completed over two phases. Phase 1 consisted of a geophysical driven structural interpretation to outline important structures (faults, folds, intrusions, etc) across the property. Phase 2 incorporated all other available datasets (historical drilling, outcrop mapping, known showings, etc) to further define the structural outlay and develop an in-depth lithological interpretation. With this deeper geological understanding of the project, 18 gold targets were produced based on the environment they lie in (structural complexity, favourable geology, etc). Some of the targets lie structurally along strike from known occurrences and/or deposits (e.g. the Martinière deposit), which bodes well for exploration. 

 

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