QcX Gold Identifies 18 Gold Targets on Fernet West Block, Proximal to the Fenelon Gold Camp
September 17, 2021 at 06:05 pm
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QcX Gold Corp. announced that it has identified 18 targets for gold mineralization on the West Block of its Fernet Project (the "Property" or "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 combined with existing geological data were interpreted to generate key gold targets. Please see below for map outlining the targets as well as an individual description of each. 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. 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.
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.