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QMX Gold Corporation V.QMX

QMX Gold Corp is a junior exploration company. It is engaged in mineral exploration and evaluation properties in the province of Quebec. The Company is focusing on the exploration and evaluation of its gold and base metal projects within this region. It is also focused on the Val d'Or mining camp in the Abitibi District of Quebec. It holds the Aurbel property and holds a 100% interest in the VMS properties.


TSXV:QMX - Post by User

Post by BlueChipper2020on Dec 09, 2020 12:51pm
199 Views
Post# 32068363

Webcast

Webcast I attended the QMX webcast today. Nothing really knew. They do seem enthusiastic about the drilling. They believe they have only scrathed the surface which is what many think.

They are continuing to go deep at Bonnefond since they have hit high grades (per one of the last PR's) and believe they can demonstrate continuity [I am paraphrasing].

The one large hole they hit at Bonnefond, which spiked this stock price to $0.38, hopefully can be replicated and maybe they can show a sizeable undergound resource. If they can that is a game changer in my view. They have pending assays per the webcast. Also they continue to drill the targets. Have sufficient cash of $8M now with in the money warrants coming up for expiry in the new year which should all be excercised (held by a small group). That will give them extra cash. 

QMX has a very low cost per metre to drill. All in it is about $130 as I recall from the webcast. That is very good. 

GLTA
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