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First Mexican Gold Launches Inaugural Exploration Program on Golden Giant in James Bay
Toronto, Ontario--(Newsfile Corp. - June 10, 2020) - First Mexican Gold Corp. (TSXV: FMG) (OT...
About this update from Qcx Gold Corp
[{"type":"text","content":"First Mexican Gold Launches Inaugural Exploration Program on Golden Giant in James BayToronto, Ontario--(Newsfile Corp. - June 10, 2020) - First Mexican Gold Corp. (TSXV: FMG) (OTC: FMGXF) (FSE: 21MA) (\"FMG\" or the \"Company\") is very pleased to announce the launch of an inaugural exploration program on the Golden Giant project (the \"Golden Giant Project\"), located in the James Bay Lowlands area in the northwestern region of Quebec. The Golden Giant Project is comprised of two highly prospective land packages covering approximately 8,865 hectares, one of which is immediately contiguous with Azimut Exploration Inc.'s Elmer project and approximately 2.8 km south of the Patwon gold discovery as shown in Figure 1. Figure 1: Golden Giant Project with respect to regional exploration activitiesTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/1791/57584_6e1b44e6a422fa4e_002full.jpgFollowing acquisition of the Golden Giant Project, as announced in the Company's press release of April 28, 2020, the Company undertook a review of all existing government, neighbouring company, and historical exploration data including airborne magnetics, electro-magnetics, and gold-in-soil geochemistry.The initial exploration program will consist of a team of 4 geologists and technicians completing reconnaissance prospecting and geological mapping. The Phase 1 program is expected to last three to four weeks. Following receipt of assay results and additional geological data, the Company expects to initiate a Phase 2 program at the end of August comprising additional prospecting, channel sampling, and trenching. Laurentia Exploration, a specialised firm in geological services, is mandated to execute and supervise all phases of work on the field.Albert Contardi, Interim CEO of FMG, commented \"We are excited to get boots on the ground on the Golden Giant for our Phase 1 exploration program. Not only is this property strategically located to what we believe is a large gold discovery at the Elmer project it also shares similar geology. Golden Giant hosts a number of high priority targets that we will explore in Phase 1 of our program including northeast-trending faults, northeast-trending fold limbs, as well as near-surface gold mineralization. We look forward to advancing the Golden Giant Project as this property h...