QMX Gold Reports 100% Increase in inferred resources at Bonnefond

QMX Gold Corporation is reporting an interim update of its National Instrument 43-101 on its Bonnefond South property, located approximately 25 km to the east of Val d'Or.

“The QMX exploration team continues to build on its successes, not only reporting more than a 50% increase in resources in the indicated category and 100% increase in the inferred category, in this interim update at Bonnefond, but also demonstrated the underground resource potential below the pit shell,” states Brad Humphrey President and CEO of QMX Gold, “Drilling in 2020 set out considerable upside potential down to 1,000 metre depth and, I believe, our team will continue to build out the underground potential for some time to come.”

“We are very happy to have moved so many ounces from the inferred category into the indicated category,” comments Dr. Andreas Rompel, Vice President Exploration. “Furthermore we added a huge amount of resources for a potential underground mine as a result of the highly successful drilling campaign within the shear zones cross-cutting the tonalite intrusive. We are very confident about the Bonnefond deposit and will continue to build on this estimate during the next drill campaigns."

The 2020 MRE was completed independently by BBA Inc. in accordance with the NI 43-101 guidelines. Since the last drill hole used for the 2020 MRE was finished, QMX has completed nearly 14,000 m of drilling on the Bonnefond property and is planning more exploration drilling during the winter.

Highlights include:

• An overall increase of 53% of the resources in the Indicated category
• An overall increase of 100% of the resources in the Inferred category
• A first underground resource of 140,600 oz @ 4.52 g/t Au, demonstrating the underground potential of the project – opening up a target zone between 350 m and 1,000m depth
• A new geological model with stronger control of the mineralized envelopes 

 

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