Excellent news!!!QMX Gold drills 39.7 m of 2.5 g/t Au at Bonnefond 2018-01-29 07:47 ET - News Release Mr. Brad Humphrey reports QMX GOLD COMPLETES 4,000M DRILL PROGRAM AT BONNEFOND SOUTH CONFIRMING THICK GOLD INTERSECTIONS INCLUDING 2.5G/T AU OVER 39.7M AND 13.2G/T AU OVER 8.8M A REMAINS OPEN TO SOUTHEAST QMX Gold Corp. has released assay results for nine holes totalling 4,331 metres from the phase 1 drilling program at Bonnefond South located on the eastern side of QMX's extensive land package in Val d'Or, Que. Phase 1 confirmed the potential of the Bonnefond South plug with significant gold intersections and favourable gold distribution within the plug, as well as within shears in the footwall volcanics to the south. A 12,000-metre phase 2 drilling campaign is now planned to follow up on these successful results. Highlights include: Within the Bonnefond South tonalitic plug: 2.5 grams gold per tonne (g/t Au) over 39.7 metres and 3.4 g/t Au over 7.9 m included in 1.9 g/t Au over 68.2 m from drill hole 17315-17-33; 1.4 g/t Au over 93.7 m from drill hole 17315-17-27; 2.5 g/t Au over 44.1 m, included in 1.5 g/t Au over 118.9 m from drill hole 17315-17-25 (news release dated Sept. 13, 2017); 1.9 g/t Au over 83.8 m from drill hole 17315-17-26 (news release dated Oct. 12, 2017). Within the footwall volcanics: 13.2 g/t Au over 8.8 m and 4.2 g/t Au over 3.3 m from drill hole 17315-17-29; 3.0 g/t Au over 3.5 m from drill hole 17315-17-28. "Drilling in the Val d'Or East camp continues to return significant results, far exceeding our expectations. The phase 1 drilling campaign on Bonnefond South successfully achieved our objectives: confirmed historical AUR Resources' results and continuity of the mineralization, provided the orientation of the different gold-bearing systems, and highlighted the potential for lateral extensions of this gold system," Brad Humphrey, president and chief executive officer commented. He continued: "The QMX team is very excited about the many prospective targets on the eastern side of our large property package and is eager to commence a much larger drilling program at Bonnefond South to test the potential for a new open pit in this historic mining camp. With our strong balance sheet, multiple highly prospective targets and four drill rigs turning, we expect 2018 will be an exciting year for QMX. "Phase 1 drilling in the tonalite plug has confirmed there is very good continuity to the grades and zone thickness between the wider-spaced historical holes. In addition, the mineralized tonalite intrusion remains open to the southeast. A phase 2 program will explore for an extension of the tonalite plug and mineralization to the southeast; further explore higher-grade mineralization in the volcanic rocks in the footwall of the tonalite; and evaluate the grade characteristics of the mineralization within the tonalite. Additional infill drilling will investigate the grade contribution of the various vein sets identified through the use of downhole orientation surveys," stated David Rigg, senior vice-president, exploration. Bonnefond South plug phase 1 program -- results The Bonnefond South phase 1 drilling program consisted of nine diamond drill holes for 4,331 m. This program was developed to confirm vein, fault and shear zone orientations and to test a reinterpretation of the historical geological model. A total of five holes for 2,377 m tested the quartz-tourmaline gold vein system and shear zones hosted within the Bonnefond South plug. Four holes, equalling 2,055 m, tested the potential for an extension of the shear zone system to the south of the plug. Drilling to date has focused on the upper 300 m of the zone. Results from seven of the nine drill holes (17315-17-25, -26, -27, -28, -29, -30 and -33) confirmed the potential of Bonnefond South with significant gold intersections and favourable gold distribution throughout the tonalitic plug. The gold intersections vary in grade between 0.4 to 1.9 g/t Au and in core length between 38.7 to 118.9 m. Over all, QMX believes the plug is highly altered and mineralized and is crosscut by sheared and mineralized mafic dikes that yielded 4.2 g/t Au over 6.5 m, 4.5 g/t Au over 5.6 m, 4.9 g/t Au over 10.2 m and 3.3 g/t Au over 3.9 m in three drill holes (17315-17-25, -26 and -30). The mafic dikes contain tension and sheared quartz-tourmaline veins with tourmalinization of the wall rock at the vein margins. In the southern portion of the plug and in the volcanic rocks at the footwall, multiple distinct shear zones were intersected showing high strain deformation and anomalous gold values. The shear zones are of metric width. They contain quartz veins occasionally with tourmaline and pyrite and are associated with variable sericite, silica and albite alteration. The best gold intersection in the footwall volcanics from this campaign was 13.2 g/t Au over 8.8 m in drill hole 17315-17-29. Drill holes 17315-17-25, -26, -28 and -29 also returned encouraging gold grades intersecting 2.8 g/t Au over 6.5 m, 7.0 g/t Au over 2.8 m, 3.0 g/t Au over 3.5 m and 4.2 g/t Au over 3.3 m, respectively. SELECT ASSAY RESULTS FROM BONNEFOND SOUTH PHASE 1 DRILLING PROGRAM Drill hole From To Length** Grade (m) (m) (m) (g/t Au) 17315-17-25* 61.7 180.6 118.9 1.5 incl. 78.6 122.7 44.1 2.5 with 79.5 86.0 6.5 4.2 and 111.1 116.7 5.6 4.5 17315-17-26* 71.8 155.6 83.8 1.9 incl. 95.8 106.0 10.2 4.9 17315-17-27 204.1 297.8 93.7 1.4 449.8 454.4 3.8 1.8 17315-17-29 63.0 151.9 88.9 1.2 201.0 204.3 3.3 4.2 356.1 364.9 8.8 13.2 17315-17-32 122.3 123.3 1.0 15.2 452.6 461.6 9.0 1.7 incl. 456.4 459.6 3.2 2.8 17315-17-33 271.3 339.5 68.2 1.9 incl. 271.3 311.0 39.7 2.5 incl. 331.6 339.5 7.9 3.4 * 17315-17-25 and 17315-17-26 were previously released. ** Reported length is measured along the hole. Additional drilling is required to determine the true width of the mineralized zone. *** Au uncut. All holes except hole 17315-17-25 were drilled with an azimuth of 180 degrees and a plunge of minus 55 degrees to validate the geometry and the extensions of the sheared mafic dikes. Hole 17315-17-25 was oriented 180 degrees with an 80-degree dip to test the Bonnefond South vein systems with a different angle and compare it with the previous drilling. Seven holes intersected the tonalitic plug over a strike length of 300 m and to a depth of 300 m. Two holes, 17315-17-31 and 32, tested the western extensions of the Bonnefond South gold-bearing system. The geological interpretation indicates that this gold system has likely been crosscut by a late fault system and remains open laterally, particularly to the east and at depth. Drill holes 17315-17-31 and 32 were designed to evaluate the western extensions of the Bonnefond gold-bearing system. Drill hole 17315-17-31 intersected nine metres of tonalite strongly anomalous in gold (0.6 g/t Au over nine m). Drill hole 17315-17-32 cut several shear zones that returned 15.2 g/t Au over 1.0 m, 1.7 g/t Au over nine m and 2.8 g/t Au over 3.2 m. These results will be incorporated into the geologic model in order to better understand the displacement of the gold system on the western side. Results suggest the presence of faulting with a southeast displacement of the Bonnefond South gold-bearing system. This area was not tested during phase 1 due to swampy areas precluding all but winter drilling. This area will be tested in the phase 2 campaign. At this stage, the gold intersections presented are based on a greater than 1.0 g/t Au envelop. It is too early to define the direction and dip of all the individual structures and components that combine and contribute to the overall shape and plunge of the different zones. According to the geological interpretation, the plug has an average orientation of 270 degrees and an average dip of minus 70 degrees north. In the drill holes, the average width of the tonalite is approximately 80 m. Bonnefond South phase 2 drilling program -- infill and extension drilling The Bonnefond South phase 2 drill campaign is being prepared and will be designed to confirm continuity of, and potentially increase, the gold grade estimated inside the Bonnefond South plug. QMX now proposes an infill drilling program of 7,000 m with new drill hole orientations, and an additional 5,000 m to test the eastern extension of the gold-bearing system. Orientation All drill holes in phase 1 (except drill hole 17315-17-33) were surveyed at the end of the campaign using the optical and acoustic imaging tool from PanPacific Wireline Services. This tool was used to determine the direction and dip of the different structures intersected by the drill holes. The associated table presents QMX's current interpretation of the different gold-bearing structures associated with the Bonnefond South gold-bearing system. This includes tensional quartz-tourmaline vein systems and sheared mafic dikes inside the plug and the multiple metric gold-bearing shear zones located to the south within the volcanic rocks. The results of the optical and acoustic imaging suggest the presence of at least two predominant orientations or sets of quartz-tourmaline veins in the tonalitic plug. One of these vein sets has not been adequately tested by previous drilling and the next phase of drilling will be oriented to maximize the intersections of these gold-bearing veins. One of the vein systems is oriented north 110 degrees/minus 10 degrees/minus 20 degrees south within the Bonnefond South plug, this low angle compared with the previous drill holes limited its testing. The other systems, oriented 280 degrees/minus 50 degrees/60 degrees, were well intersected by previous drill holes and appears to be the most important vein system. The veins are of millimetric to decametric thickness and typically composed of quartz-tourmaline. The veins contain less than 2 per cent pyrite, minor chalcopyrite and occasionally visible gold. Veining is accompanied with strong wall rock alteration characterized by sericite, albite and fuchsite, with 2 to 3 per cent fine-grained disseminated and idiomorphic pyrite. The sheared mafic dikes within the plug, show two distinct orientations, one north 270 to 285 degrees/minus 80 degrees north and the others to north 240 degrees/minus 60 degrees north. Additional measures will be required to confirm the direction of this gold-bearing structure. The multiple distinct metric gold-bearing shear zones located in the southern part of the plug and within the volcanic rocks at the footwall of the plug have two distinct orientations. The main direction is north 270 degrees/285 degrees/minus 80 degrees north and the secondary is oriented north 240 degrees/minus 60 degrees north, a similar orientation to the sheared mafic dikes. This correlates well with the interpretation of the high-definition magnetic survey which was completed in the third quarter of 2017. Options issue QMX has granted a total of 2,275,000 stock options to certain officers, directors and consultants of the company pursuant to the company's stock option plan. The stock options vest immediately and may be exercised at a price of 26 cents per option for a period of five years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange. Quality control During the drilling programs, assay samples were taken from the NQ core and sawed in half. One-half is sent to Swastika Laboratory, a certified commercial laboratory, and the other half retained for future reference. A strict quality assurance/quality control program was applied to all samples; which included insertion of mineralized standards and blank samples in each batch of 20 samples. The gold analyses were by fire assay on 50 grams of pulp with an atomic absorption finish. Repeats were carried out by fire assay with a gravimetric finish on each sample containing 5.0 g/t Au or more. When visible gold was observed, a pulp metallic assays from one Kilogram of pulverized materiel was completed. Accordingly, to ensure all material is pulverized and screened, pulp metallic assay sample lengths are a maximum of 0.5 metre long. Qualified persons The scientific and technical content of this press release has been reviewed, prepared and approved by David Rigg, PGeo, senior vice-president, exploration, who is a qualified person" as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. About QMX Gold Corp. QMX Gold is a Canadian based resource company traded on the TSX-V under the symbol QMX. The company was recently restructured and is now systematically exploring its extensive property position in the Val d'Or mining camp in the Abitibi district of Quebec. QMX is currently drilling on the Bonnefond South plug and is evaluating its recent discoveries on the Southwestern and Beacon zones in order to develop follow-up drill programs. In addition to its extensive land package, QMX owns the Aurbel gold mill. TECHNICAL DRILL HOLE PARAMETERS AND RESULT FROM BONNEFOND SOUTH PLUG PHASE 1 DRILLING PROGRAM Hole From To Length** Au*** No. (m) (m) (m) (g/t) 17315-17-25* 61.7 180.6 118.9 1.5 78.6 122.7 44.1 2.5 79.5 86.0 6.5 4.2 111.1 116.7 5.6 4.5 407.0 413.5 6.5 2.8 17316-17-26* 71.8 155.6 83.8 1.9 95.8 106.0 10.2 4.9 372.8 375.6 2.8 7.0 17315-17-27 204.1 297.8 93.7 1.4 203.3 261.8 58.5 1.7 273.7 297.8 24.1 1.3 401.6 405.2 3.6 0.8 449.8 454.4 3.8 1.8 17315-17-28 86.8 157.3 70.5 0.4 200.5 204.0 3.5 3.0 332.4 335.5 3.1 1.0 375.0 382.7 7.7 1.0 17315-17-29 63.0 151.9 88.9 1.2 63.0 95.7 32.7 1.3 111.3 147.3 36.0 1.6 161.8 166.5 4.7 1.2 201.0 204.3 3.3 4.2 298.6 301.6 3.0 1.1 356.1 364.9 8.8 13.2 17315-17-30 110.8 149.5 38.7 1.1 110.8 136.7 25.9 1.5 113.3 117.2 3.9 3.3 204.9 207.8 2.9 1.1 221.4 225.1 3.7 1.9 17315-17-31 85.2 90.5 5.3 0.6 130.5 146.3 15.8 0.3 243.8 252.8 9.0 0.6 250.8 253.8 3.0 1.4 17315-17-32 103.2 109.0 5.8 0.5 122.3 123.3 1.0 15.2 237.5 238.5 1.0 4.1 261.1 263.2 2.1 1.6 321.0 326.3 5.3 0.5 452.6 461.6 9.0 1.7 456.4 459.6 3.2 2.8 17315-17-33 271.3 339.5 68.2 1.9 271.3 311.0 39.7 2.5 331.6 339.5 7.9 3.4 458.8 468.7 9.9 0.6 * 17315-17-25 and 17315-17-26 were previously released. ** Reported length is measured along the hole. Additional drilling is required to determine the true width of the mineralized zone. *** Au uncut. We seek Safe Harbor. 2018 Canjex Publishing Ltd. All rights reserved.