QcX Gold

QCX Gold Corp [TSX-V: QCX, OTC: QCXGF, FSE: 21MA] is exploring for gold and VMS style mineralization on its highly prospective properties in Quebec, Canada; a safe and reliable mining jurisdiction that offers competitive tax incentives for mining exploration. There is tremendous early upside exploration potential on both projects as they are in close proximity to major discoveries.

S&P Global Market Intelligence is forecasting a budget increase of between 5% and 15% year-on-year for 2022. This means the exploration budget could be up to $12.8-billion next year – a level last seen in 2013.
https://www.miningweekly.com/article/global-mining-exploration-budget-seen-increasing-in-2022-2021-10-21
#GOLD #exploration

Gold Market Commentary
Key highlights:
Early indications suggest a positive demand environment in China and India during September
https://www.gold.org/goldhub/research/gold-market-commentary-september-2021?utm_medium=email&utm_source=newsletter&utm_campaign=Proof+-+GOLDHUB%3A+your+weekly+gold+market+round-up%2C+October+8%2C+2021+
#Gold #exploration #Quebec #tsxv

QcX Gold Identifies 18 Gold Targets on Fernet West Block, Proximal to the Fenelon Gold Camp and Closes $560,000 Flow Through Financing

#Gold #exploration #drilling #Quebec #TSXV

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Properties

GOLDEN GIANT PROJECT

The Golden Giant project is 18,992 hectares, comprised of three blocks. It is located 2.9km away from Azimut’s discovery site - the Elmer gold project - which announced significant gold mineralisation in January 2020 with drill results up to 3.15 g/t Au over 102m. It is also contiguous with the Dios and Midland projects.

Golden Giant shares similar geology with Azimut, including felsic to mafic volcanic rocks, northeast-trending faults, northeast-trending fold limbs, as well as near-surface gold mineralisation. Gold mineralisation in the area is hosted by sheared felsic intrusions surrounded by greenstone rocks; high grades related to veins but also disseminations in wallrocks; and shear-related orogenic systems following NESW structures. Magnetic signatures on Azimut’s Elmer gold trend and QcX trend show parallel NE-SW structural fabric, disrupted high magnetic felsic rock assemblages

Phase I & II work programs (Summer 2020) included 6 weeks of prospecting and geological mapping:

Phase I highlights (550 grab and channel samples):
• GGEast -1.71g/t Au (G)
• GGWest - 3.87g/t Au (G)

Phase II highlights (492 grab and channel samples):
• GGEast: 4.6 g/t Au and 4.12 g/t Au (G)
• GGWest: 18.9 g/t Au and 1.79 g/t Au (G)

On January 12, 2021 QcX announced plans for a large scale, high resolution magnetic geophysical survey across the Golden Giant project. The survey will also capture the West Block of the Fernet Project. Work is set to commence mid-January, with results expected during the month of February.

FERNET PROJECT

The Fernet project covers 7,251 hectares, located 15km northwest of the Fenelon Mine (recent bulk sample at 18.49 g/t Au), and 4km north of the Martinière gold deposit (~650k oz Au), and 55km east of Detour Lake mine (~20M oz Au).

Fernet covers highly prospective greenstone rocks, and the West Block sits at the western limits of the Jérémie Pluton (important for Fenelon gold) with numerous second and third order faults cutting the properties. Targeting NW & NE trending fault intersections, similar to Wallbridge’s Fenelon and Martinière gold deposits.

Phase I & II work programs include:
• Prospecting & mapping (9 weeks) - completed
• Airborne Magnetic Geophysical Survey: 6,030km (Golden Giant + Fernet West) - Winter 2020/21
• Induced Polarization Geophysics: 40 line km (Golden Giant) - Winter 2020/21
Phase III will include:
• Diamond Drilling: 3,000m - Spring 2021


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