Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
QMX Gold has released the results of drilling completed on the Bonnefond deposit located within its 200 sq. km of land holdings in Val d’Or.
Drill intercepts of note include:
The drilling was focused on upgrading existing resources within an intrusive unit and drilling beyond it into higher grade shear zones.
A maiden pit constrained resource for Bonnefond was released in July. Indicated resources contained within an intrusive unit total 4.8 million tonnes at 1.69 g/t gold for 258,700 oz. with additional inferred resources of 2.4 million tonnes at 1.87 g/t gold for 145,100 oz. The inferred resources are contained within both an intrusive unit and within shear zones.
Additional assays from both the Bonnefond deposit and the River target are pending.
QMX also holds the permitted Aurbel mill, a 1,200 t/d facility which has been refurbished to 650 t/d.
(This article first appeared in the Canadian Mining Journal)
