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QcX Gold Acquires 2nd Property in Fenelon Near Detour Lake Mining Camp, Quebec
Toronto, Ontario--(Newsfile Corp. - August 13, 2020) - QcX Gold Corp. (TSXV: QCX) (OTC: FMG...
About this update from Qcx Gold Corp
[{"type":"text","content":"QcX Gold Acquires 2nd Property in Fenelon Near Detour Lake Mining Camp, QuebecToronto, Ontario--(Newsfile Corp. - August 13, 2020) - QcX Gold Corp. (TSXV: QCX) (OTC: FMGXF) (FSE: 21MA) (\"QcX\" or the \"Company\") is pleased to announce it has acquired a 100% interest in the Fernet East property (\"Fernet East\"), located in northwestern Quebec (the \"Acquisition\"). Fernet East comprises the second property as part of the overall Fernet project (the \"Fernet Project\") as shown in Figure 1. Fernet East adds approximately 2,715 hectares to the Fernet Project, bringing the total land position to approximately 7,195 hectares. Fernet East is contiguous with claims held by Midland Exploration Inc. and near Wallbridge Mining Limited's Fenelon gold project as shown in Figure 1. Figure 1: Location of the Fernet Project (red) with respect to neighbouring companiesTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/1791/61611_0bc78e3124ab1be1_001full.jpgFernet East is approximately 45 km southeast of the Fenelon gold project (bulk sample of 33,233 tonnes at 18.49 g/t Au - Wallbridge news May 15, 2019), and 110 km east of Detour Lake mine (~15.4 Moz mineral reserves including proven mineral reserves of 3.4 million ounces (85.2 million tonnes at an average grade of 1.24 grams per tonne) and probable mineral reserves of 12.1 million ounces (413.2 million tonnes at an average grade of 0.91 grams per tonne) as of December 31, 2018 - Detour Gold news March 7, 2019)). Fernet East is underlain by Archean greenstone volcanic rocks and intrusions to the north of the eastward extension of the Sunday Lake Deformation Zone. Of particular interest is the structure and associated gold deposits and occurrences of the Manthet Group which underlay both the Fernet East and the neighbouring Fenelon, Martinière, and Lac du Doigt gold discoveries as shown in Figure 2. Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Fernet Project.Figure 2: Geology of the Fernet Project (red) with respect to regional geology and mineral occurrencesTo view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/1791/61611_0bc78e3124ab1be1_002full.jpgAlbert Contardi, Interim Chief Executive Officer of QcX, stated, \"The Fernet East pro...