QcX Gold Corp. Completes Diamond Drilling at Golden Giant, James Bay, Quebec, Awaits Assays
July 20, 2021 at 12:45 pm
Share
QcX Gold Corp. announced that it has completed its inaugural drill program at the Golden Giant Project in James Bay, Québec. A total of 17 holes (3,011m) were completed into various high priority targets on the Golden Giant East (GGEast) and Golden Giant West (GGWest) blocks. Drilling encountered favourable mineralization across wide intervals in several holes. Four holes were drilled on the GGWest block for 960 m and 13 holes were completed on the GGEast block for 2,051 m. For reference, the GGEast Block is located only 2.9 km from Azimut Exploration Inc.'s Patwon discovery on its Elmer project. The Golden Giant project covers 18,992 hectares and contains favourable structures following the general trend of geologic deformation in the area. Drill holes GG-21-06 and GG-21-07 (propositions P-GG-21-O and PP-GG-21-P) both displayed zones with significant amounts of mineralization. These two holes were drilled into a S-fold of a Banded Iron Formation (BIF), located in a deformation zone clearly marked out in the high-resolution magnetic image. Several areas of semi-massive sulphides were encountered in the cherty layers of this BIF as well as continuous pyrite and/or pyrrhotite stringers in BIF characterized by strong garnet enrichment. On the GGWest block, disseminated mineralization similar in style to that found in grab samples that produced up to 18.9g/t Au were observed. Disseminations of pyrite and pyrrhotite (commonly 1-5%, but ranging up to 15% locally) were observed throughout drillholes GG-21-01, GG-21-02 and GG-21-03 (propositions P-GG-21-Q, P-GG-21-R and P-GG-21-T). Disseminated arsenopyrite (up to 2%) was locally found in GG-21-03, which can often be associated with gold mineralization.
QcX Gold Corp. is a Canada-based junior mining company, which is engaged in exploring for gold and volcanic massive sulphide (VMS) style mineralization on its properties in Quebec, Canada. The Company is engaged principally in the acquisition, exploration, and development of mineral properties. Its projects include Golden Giant Property and Fernet Property. Golden Giant Project is located in the James Bay region of Quebec. The project comprises of two properties such as Golden Giant East, covering an area of 3,377 hectares, and Golden Giant West, which covers an area of 5,488 hectares. The Fernet Property is located in northwestern Quebec. The project covers an area of approximately 4,480 hectares, in the northern Abitibi region of Quebec. The Company also owns interest in the Kali project, located in the James Bay lowlands area of Quebec. The project consists of multiple prospective land parcels covering approximately 10,074 hectares.