QMX Gold 

Website: www.qmxgold.ca
Stage of development: Exploration
Commodity: Gold
Project to promote: Val d’Or East Project
Project location: Canada
Company presentation: Click here

Live financials

Cash: CAD$12M
Debt: CAD$2.5M

Major shareholders:
Eldorado – 18.1%
Osisko Royalties – 7 %
Eric Sprott– / %
Probe Metals – 4%
O3 Mining – / %
Management Ownership – 4.2%

QMX Gold Corp. is a Quebec focused exploration company with an extensive and underexplored land package on the Abitibi Greenstone Belt with a strong balance sheet, enviable exploration pipeline and strong corporate sponsorship.

Management Profile

Brad Humphrey, President & CEO

Brad Humphrey has over 20 years of international mining experience, predominantly as a precious metals analyst. Prior to joining QMX Gold, Mr. Humphrey worked for Morgan Stanley as an Executive Director and North American Precious Metals Analyst, where he was responsible for growing Morgan Stanley’s North American Gold research coverage. Mr. Humphrey was also a Managing Director and Head of Mining Research at Raymond James and covered precious metal equities at CIBC World Markets and Merrill Lynch. Before starting his capital markets career, Mr Humphrey held a variety of mining industry roles from Corporate Development to contract underground miner.

What is your rationale for attending 121 Mining Investment?

Increase exposure and market support.

What recent news would you like to highlight to investors attending?

QMX Continues to Intersect Strong Results From the River Target; 38.7 g/t Gold Over 3.5 Metres and 34.9 g/t Gold Over 3.0 Metres

QMX Intersects Strong Initial Results From the River Target; 39.8 g/t Gold Over 2.0 Metres and 17.71 g/t Gold Over 4.0 Metres

QMX Intersects 41.82 g/t Gold Over 3.4 Metres and 171.3 g/t Gold Over 1.0 Metres at Bonnefond

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Additional Drilling.

6 Months:

Update resource estimate.

12 Months:

Expand projects.

What do you think makes your company such a compelling investment?

Results, Upside, Valuation and Location.

Analyst Insight – provided by Independent Investment Research

QMX Gold is a TSX-V-listed exploration company, with an extensive and underexplored land package on the Abitibi Greenstone Belt, located within the highly-prolific Val d’Or Mining Camp in Quebec.

Building on a broad exploration database, QMX is applying new geological models and systematically exploring new targets. In addition to controlling one of the most expansive land packages in the region, QMX also owns the permitted Aurbel milling facility.

In terms of recent exploration activity, during April 2020 the company released additional assay results from the infill drilling program at the Bonnefond deposit. The Bonnefond deposit is located in the Val d’Or East Zone of QMX’s extensive land package in Val d’Or, Quebec.

The results are part of the infill drilling program on the Bonnefond tonalitic intrusive and on shear zones located to the south of the tonalite. One of the four holes reported was an extension of an earlier drill hole, DDH 17315-19-074.

Hole DDH 17315-19-074 (extension) returned 8.92 g/t Au over 4.0m in a shear zone, hole    DDH 17315-19-098 returned 2.31 g/t Au over 101.0m in the tonalite (including 9.99 Au over 13.5m), and DDH 17315-19-099 returned 2.23 g/t over 36.0m in the tonalite, and 3.46 g/t Au over 4.5m in a shear zone. The four drill holes are located in the central part of the Bonnefond deposit. Drill holes 17315-19-086, 099 and 074 were drilled on a North-South orientation, while 17315-19-098 was drilled across the tonalitic intrusion in an E-W direction

The results have impressed, with excellent grade over several metres and the company will continue to enlarge the area of the Bonnefond resource and subsequently the ounces within the resource. The company aim to target the auriferous shears and contacts has been highly successful as a result of its advanced understanding of the structural nature of the mineralization processes.

QMX increased its drilling activities in late February, which allowed it to complete the planned 14,400m winter infill drilling program on the Bonnefond deposit. QMX has prepared an additional 6,000m exploration program to the east and west of Bonnefond, which it will initiate once it is safe to restart fieldwork in the area.