14:07:22 EST Sat 27 Feb 2021
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QCX Gold Corp
Symbol QCX
Shares Issued 59,731,318
Close 2021-01-12 C$ 0.135
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QCX Gold plans geophysical survey at Golden Giant

2021-01-12 08:28 ET - News Release

Mr. Aaron Stone reports


QCX Gold Corp. is planning a large-scale, high-resolution magnetic geophysical survey across the Golden Giant project in the James Bay region of Quebec, Canada. The survey will also capture the West block of the Fernet project in the northern Abitibi. Work is set to commence mid-January, with results expected during the month of February.

The Golden Giant project comprises three properties, Golden Giant East (GGEast), Golden Giant West (GGWest) and the Kali East block, covering 18,992 hectares, and is contiguous to Azimut Exploration Inc.'s Patwon project. The Fernet project comprises two properties, Fernet West and Fernet East, covering 7,195 hectares, and is contiguous to Wallbridge Mining's Fenelon and Martiniere projects.

Aaron Stone, vice-president of exploration of QCX, stated: "Following an exceptional sampling program that led to the discovery of several new gold showings on both the GGWest and GGEast blocks, the company has elected to conduct a large-scale airborne magnetic survey to further our understanding of the geology and pinpoint important geological structures at Golden Giant. The data from this program will give us a more precise geophysical image of the Golden Giant project, which when combined with grab sample data from our earlier program, will guide our upcoming drilling campaign. Once work is completed at Golden Giant, our geophysical team will relocate to Fernet West where we have identified several high-priority structural intersections. Fernet West is a relatively underworked area, so this survey is an excellent tool in guiding our exploration activities moving forward. Line spacing at both projects will be flown at 50 m, which will provide an extremely high-resolution data set. This in turn will ensure the identification of important structures with clear precision. I am very excited by both projects, am keen to see these results and launch our inaugural drill program at Golden Giant."

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, Canada. The Golden Giant project is located in the James Bay region of Quebec, only 2.9 kilometres away from Azimut Exploration Inc.'s Patwon discovery on its Elmer gold project. The Fernet project is located in the Abitibi greenstone belt in the province of Quebec and is contiguous with Wallbridge Mining Co. Ltd.'s Fenelon/Martiniere property. Both properties are in close proximity to major discoveries which bodes well for exploration.

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