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QMX Gold Returns Up Tp 7.6 g/t Au; Expands Lac Herbin Bonanza Zone

Written by Investing News Network
|
Jul. 31, 2012 02:25PM PST

QMX Gold Corporation (TSX:QMX) announced the diamond drill results from the Bonanza Zone at Lac Herbin Mine.

QMX Gold Corporation (TSX:QMX) announced  the diamond drill results from the Bonanza Zone at Lac Herbin Mine.

As quoted in the press release:

The 2012 definition DDH program, which started at the end of February, has completed 43 holes for 2,561 metres of core from three different underground platforms on level 22 of the Lac Herbin Mine. The best assay results are from:

  • Hole LH03-316, returning 7.63 g/t Au over 10.50 metres (true width)
  • Hole LH03-390, returning 19.24 g/t Au over 2.80 meters (true width)

Francois Perron, President and CEO commented:

We are very pleased with the ongoing work at the Bonanza Zone. While we are still drilling and preparing the resource for a year end mineral resource, the mineralized area in the Bonanza Zone appears to be potentially larger than we had previously believed. This new zone, combined with the previous work at the FL zone and the upcoming work on the S1 Zone, is expected to contribute to our objective of being able to extend the mine life at Lac Herbin by increasing our ability to replace the ore as mined.

Click here to read the full press release. 

mine life drill results tsx:qmx
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