QcX Gold Corp. Commences Drilling At Golden Giant, James Bay, Québec and Outlines Program
May 26, 2021 at 11:38 am EDT
Share
QcX Gold Corp. announced the start of drilling on its inaugural drill program on the Golden Giant Project in James Bay, Québec. The program consists of 19 planned drill holes for a total of 3,075m across the Golden Giant East ("GGEast") and Golden Giant West ("GGWest") blocks. Four drill holes (675m) are reserved for targets on the GGWest block while the other 15 drill holes are planned for targets on the GGEast block. The majority of early-stage exploration work to date has been on the GGEast block (located only 2.9km south of Azimut Exploration's Patwon discovery), hence there are more targets to cover. Drilling will commence at Golden Giant West, where surface exploration returned the high values from grab samples with results up to 18.9 g/t Au. The elevated gold values are in association with an annular magnetic high anomaly in addition to a chargeability anomaly. In this area, gold is associated with continuous and concordant pyrite enriched horizons (up to 10%) hosted in an amphibolite rock. Three drill holes will target this area while the remaining drill hole to the east will target a brecciated and leached area with strong silica alteration and coarse pyrite mineralisation that showed minor gold values but also produced elevated zinc levels (3540 ppm and 4740 ppm Zn). The first priority area for the Golden Giant East block includes six holes. Two holes are planned to intercept quartz veining containing chalcopyrite and pyrite mineralisation that returned grades of up to 4.12 g/t Au, while four are designed to target magnetic and IP anomalies. As can be observed in Figure 3, local folds displaying "S" patterns are observable in the magnetical first derivative, these structures share similarities with the vertical projection of the mineralized zone at Azimut Exploration's Patwon discovery (only 2.9km north of GGEast).
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.