22:09:16 EDT Tue 14 Apr 2026
Enter Symbol
or Name
USA
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QCX Gold Corp (2)
Symbol QCX
Shares Issued 21,616,825
Close 2026-04-14 C$ 0.20
Market Cap C$ 4,323,365
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QCX Gold completes survey at Batchawana-Olsen project

2026-04-14 16:45 ET - News Release

Mr. Aaron Stone reports

QCX GOLD COMPLETES HIGH RESOLUTION AIRBORNE MAGNETIC SURVEY HIGHLIGHTING MULTIPLE PROSPECTIVE TARGETS AT BATCHAWANA-OLSEN PROJECT, ONTARIO

QcX Gold Corp. has released the results of a large-scale, high-resolution airborne magnetic survey completed across the Batchawana-Olsen project, located approximately 60 kilometres north of Sault Ste. Marie, Ont. The survey has enhanced the company's understanding of regional structure and lithological controls, and has identified multiple priority target areas associated with interpreted magnetic contacts and historical gold and copper occurrences.

Pioneer Exploration Consultants Ltd. of Ottawa, Ont., completed the high-resolution airborne magnetic survey covering 3,050 km of flight lines at 75-metre line spacing. Historical gold and copper occurrences on the property are interpreted to correlate with the margins of interpreted magnetic anomalies and interpreted structures identified in the survey. These historical showings are heavily underworked and warrant renewed exploration work. Multiple areas highlighted within the magnetic survey area demonstrate favourable structural and lithological conditions interpreted to be prospective for mineralization and will be expanded upon with a detailed structural interpretation of the property.

The Batchawana and Olsen project is located along the eastern margin of the Mid-Continent Rift (MCR) and is primarily situated within the Precambrian Batchawana greenstone belt. This unique terrain allows for multiple styles of mineralization, including polymetallic, copper and gold occurrences. The project is host to multiple historical mineral occurrences, including the Alcourt copper occurrence, which comprises a sheared quartz vein hosted in metavolcanics with channel sampling results of 2.1 per cent Cu over 0.6 metre. Gold occurrences are present at the Pond Lake North zone, with grab sample results of 1.64 grams per tonne Au in banded magnetite iron formation and the Minnex 52-53 zone with grab sample results of 1.27 g/t Au hosted in sheared quartz veins.

The Batchawana and Olsen project comprises 69 claims (30 multicell and 39 single-cell claims) covering 10,816 hectares, forming a large, mostly contiguous land position that shares more than 6.6 kilometres of common boundary with Sterling Metal's Soo copper project. Sterling's recent discovery in drill hole MEPS-25-02 highlighted 262.5 metres of 1.05 per cent CuEq (copper equivalent) (0.52 per cent Cu, 0.005 per cent Mo (molybdenum), 0.49 gram per tonne Au (gold), 3.15 g/t Ag (silver)), with higher-grade intervals including 68.3 m of 3.25 per cent CuEq (1.39 per cent Cu, 0.007 per cent Mo, 1.83 g/t Au, 8.46 g/t Ag) and 9.2 m of 19.8 per cent CuEq (6.8 per cent Cu, 0.008 per cent Mo, 13.2 g/t Au, 46.26 g/t Ag) (Sterling news release dated Sept. 29, 2025). QcX's ground position places the company prominently within one of Canada's most promising emerging copper districts, with geophysical and geological characteristics comparable with those associated with recent nearby and historical discoveries.

Strategic and geological highlights

  • Prime geological setting: The property is located within the Precambrian Batchawana greenstone belt and associated metasedimentary sequences along the eastern margin of the Mid-Continent Rift (MCR) -- a regional geological setting known for large copper systems both in Ontario and across the border in Michigan.
  • On trend with historic production: The property lies along strike of the past-producing Tribag mine, historically mined for copper, molybdenum, silver and gold.
  • Geological continuity with Sterling's discovery: QcX's property displays comparable stratigraphy, structural orientation and magnetic signatures to those hosting Sterling's mineralization, supporting the potential for district-scale mineral systems. Historical soil geochemical anomalies and untested geophysical conductors provide immediate exploration opportunities.

The company is currently completing a detailed structural interpretation of the magnetic data set to refine priority targets and plans to integrate these results with historical geochemical and geological data to define a follow-up exploration program.

Strategic property acquisition expands district-scale land position

In addition, the company has entered into a definitive agreement with an arm's-length vendor to acquire a 100-per-cent interest in a portfolio of mineral claims located in Ontario, further expanding its land position within the broader Batchawana-Olsen project area.

Under the terms of the agreement, the company will acquire the acquired property for total consideration of $50,000 in cash and the issuance of one million common shares, subject to customary approvals including acceptance by the TSX Venture Exchange.

The acquired property comprises a series of 21 contiguous and strategically located claims covering 461 hectares that enhance the company's control over prospective geological trends interpreted from recent geophysical work. The expanded land package consolidates additional strike length along favourable structural corridors and provides increased exposure to interpreted magnetic features associated with known gold and copper occurrences.

The newly acquired ground comprises highly prospective lithologies, including the Batchawana greenstone belt and metasedimentary sequences, and is located approximately three to five km northeast of the historical Tribag mine sites. The acquired claims contain multiple mineral occurrences, including showings associated with the mineralization of copper, gold, zinc and iron. With highlighted channel sampling results at the North Creek zinc occurrence, including 15.05 per cent zinc, 2.96 per cent lead and 36 g/t silver, Hilltop gold/copper occurrence with grab sampling results including 1.02 per cent copper and 2.4 g/t gold and the Sandra Breccia copper occurrence with grab sampling results of 1.49 per cent Cu.

Importantly, the acquisition strengthens the company's ability to systematically explore and advance the broader project area as a cohesive, district-scale opportunity. The integration of these claims is expected to improve targeting efficiency and provide additional flexibility for future drill program design.

* The company cautions investors that mineralization hosted on nearby or adjacent properties is not necessarily indicative of mineralization hosted on the Batchawana-Olsen project.

Qualified person

Kelly Malcolm, PGeo (PGO -- 2864), a director of QcX and a non-independent qualified person (QP) as such term is defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the geological information reported in this news release. The QP has not completed sufficient work to verify the historic information on the property, particularly with regards to historical sampling and regional government-mapped geology. However, the QP assumes that sampling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the property but may not be representative of expected results.

About QcX Gold Corp.

QcX Gold is exploring for gold and volcanogenic-massive-sulphide-style mineralization on its highly prospective and well-located properties in Quebec and Ontario. The Golden Giant project is located in the James Bay region, 2.9 kilometres from Azimut Exploration Inc.'s Patwon discovery on its Elmer gold project. The Fernet project is located in the Abitibi greenstone belt and is contiguous with Wallbridge Mining Company Ltd.'s Fenelon/Martiniere property. Both Quebec properties are situated near significant discoveries and benefit from favourable infrastructure.

In Ontario, QcX holds the Batchawana project, a consolidated land position within the Batchawana greenstone belt near Sault Ste. Marie. The project now includes the recently acquired Olsen claims, expanding the property to a contiguous package adjacent to Sterling Metals Corp.'s Soo copper project. The area is underlain by greenstone and Mid-Continent Rift-related geology that has historically produced copper, gold, molybdenum and silver, and remains underexplored with modern techniques.

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