QMX Extends S1 Zone at Depth With Grades of 14.9 g/t Au Over

QMX Extends S1 Zone at Depth With Grades of 14.9 g/t Au Over 3.2
Meters at the Lac Herbin Mine 
TORONTO, ONTARIO -- (Marketwire) -- 01/17/13 -- QMX GOLD CORPORATION
(TSX:QMX)(OTCQX:QMXGF) ("QMX Gold" or the "Company") is releasing
results from the 2011 and 2012 drill campaign at its wholly-owned Lac
Herbin mine for the S1 Deep Sector. Definition diamond drilling
results have increased the outline of the S1 zone, shown in Figure 1. 
Highlights from the drill results from the S1 Deep zone include:  


 
--  14.9 g/t Au over 3.2 metres from hole LH-07-009 
--  13.5 g/t Au over 2.0 metres from hole LH-07-010 
--  11.1 g/t Au over 4.5 metres from hole LH-07-014

 
Full Results can be found in Table 1.  
The drilling of the S1 Deep Sector, below level 37, was started in
the third quarter of 2011 and was completed in the second quarter of
2012 and analysis occurred in the third quarter. Exploration work
focused on definition drilling of the resource envelope with the goal
of expanding the zone. Drilling confirms the extension of the S1 zone
at depth. 
QMX targeted the S1 Deep Zone with definition drilling of 42 holes
for a total of 4,589 metres. Of the 42 holes, 14 holes (or 33%)
returned values above 3g/t Au, 8 holes (or 19%) have intersected
values from 1g/t Au to 3g/t Au and 20 holes (or 48%) intersected the
shear zone but returned values lower than 1g/t Au. These
characteristics are typical of Lac Herbin economical mineralization
throughout the mine. 
Ramping down and development to reach the S1 Deep sector was started
in the fourth quarter of 2012. Production from this zone is forecast
to begin during the third quarter of 2013. 
The S1 Deep Zone is hosted in the massive diorite Bourlamaque
Batholith and is a sheared structure with an azimuth of 80 degrees
ENE dipping towards the south at 70 degrees. The shear varies in
thickness from a few centimeters to 2.0 meters wide and is injected
with quartz and quartz-carbonate-tourmaline-chlorite veining. The
veining contains 1% to 10% patchy massive and disseminated pyrite
with trace chalcopyrite and rare pyrrohotite. Gold is associated with
pyrite. 
Francois Perron, the President and CEO of QMX Gold, commented: "Our
exploration program at Lac Herbin continues to provide very positive
results and I am pleased to see that the S1 zone is delivering. The
goal of the definition drill program was to extend the mine life at
Lac Herbin and these new drilling results are being incorporated into
the new reserves. I look forward to the announcement of the updated
resources and reserves currently expected before the end of the first
quarter."  
Table 1 


 
----------------------------------------------------------------------------
                                            Grade   Grade                   
                             Core    True  g/t Au  g/t Au                   
Hole #       From      To  Length   Width  Un-Cut     Cut           Comments
----------------------------------------------------------------------------
LH07-001    95.50   98.60    3.10    1.50   30.30   24.17       10%Py, 2%CPY
----------------------------------------------------------------------------
LH07-002   103.80  106.90    3.10    1.50    0.03    0.03    Outside Contour
----------------------------------------------------------------------------
LH07-003    97.80   99.80    2.00    1.50    0.46    0.46    Outside Contour
----------------------------------------------------------------------------
LH07-004    89.25   94.60    5.35    3.70   14.31    8.40     7%Py, 2.15m QV
----------------------------------------------------------------------------
LH07-005    75.85   78.00    2.15    1.50    0.58    0.58    Outside Contour
----------------------------------------------------------------------------
LH07-006    66.00   67.64    1.64    1.50   17.24   16.75              10%Py
----------------------------------------------------------------------------
LH07-007    71.60   74.30    2.70    2.30   10.29   10.29          V.G. 5%Py
----------------------------------------------------------------------------
LH07-008    80.40   83.10    2.70    2.50    1.92    1.92               3%Py
----------------------------------------------------------------------------
LH07-009    67.70   70.40    2.70    3.20   29.44   14.90        5%Py, 2%Cpy
----------------------------------------------------------------------------
LH07-010    62.00   64.40    2.40    2.00   36.03   13.54        7%Py, 2%Cpy
----------------------------------------------------------------------------
LH07-011    77.60   80.10    2.50    1.50    5.09    5.09       2%Py, Tr Cpy
----------------------------------------------------------------------------
LH07-012    73.75   76.35    2.60    1.60    1.61    1.61       Tr Py, 1%Cpy
----------------------------------------------------------------------------
LH07-013    66.05   68.60    2.55    1.50    0.30    0.30    Outside Contour
----------------------------------------------------------------------------
LH07-014    62.60   67.40    4.80    4.50   15.02   11.13    VG. 2%Py, 1%Cpy
-----------------------------
-----------------------------------------------
LH07-015    75.30   77.30    2.00    1.70    0.54    0.54    Outside Contour
----------------------------------------------------------------------------
LH07-016    76.50   78.35    1.85    1.50    0.13    0.13    Outside Contour
----------------------------------------------------------------------------
LH07-017    92.60   96.20    3.60    1.50   10.85    8.29      
         2%Py
----------------------------------------------------------------------------
LH07-018    71.90   74.40    2.50    1.50    0.35    0.35    Outside Contour
----------------------------------------------------------------------------
LH07-019    64.70   66.50    1.80    1.52    0.06    0.06    Outside Contour
----------------------------------------------------------------------------
LH07-020   100.80  106.30    5.50    1.50    1.19    1.19               2%Py
----------------------------------------------------------------------------
LH07-021    77.90   82.00    4.10    2.20    1.18    1.18              Tr Py
----------------------------------------------------------------------------
LH07-022    64.35   65.90    1.55    1.50    0.18    0.18    Outside Contour
----------------------------------------------------------------------------
LH07-035   101.40  105.70    4.30    1.50    0.59    0.59    Outside Contour
----------------------------------------------------------------------------
LH07-036    98.60  103.00    4.40    1.50   38.23   15.25        5%Py, 1%Cpy
----------------------------------------------------------------------------
LH07-037    86.75   90.40    3.65    1.50    0.77    0.77    Outside Contour
----------------------------------------------------------------------------
LH07-038    94.45   99.00    4.55    1.50    1.98    1.98               2%Py
----------------------------------------------------------------------------
LH07-039    91.95   96.80    4.85    1.50    0.41    0.41    Outside Contour
----------------------------------------------------------------------------
LH07-040    76.50   79.20    2.70    1.90    0.29    0.29    Outside Contour
----------------------------------------------------------------------------
LH07-041   103.35  110.50    4.90    1.90    0.03    0.03    Outside Contour
----------------------------------------------------------------------------
LH07-042    91.50   96.65    5.15    1.90    0.03    0.03    Outside Contour
----------------------------------------------------------------------------
LH07-043    80.30   83.75    3.45    1.90    0.86    0.86    Outside Contour
----------------------------------------------------------------------------
LH07-044    60.90   62.40    1.50    1.50    3.88    3.88       2%Py, Tr Cpy
----------------------------------------------------------------------------
LH07-045    60.00   62.50    2.50    2.30    0.48    0.48    Outside Contour
----------------------------------------------------------------------------
LH07-046    63.55   67.75    4.20    1.90    3.89    3.89    VG. 2%Py, 1%Cpy
----------------------------------------------------------------------------
LH07-047   107.00  112.75    5.75    1.50    4.97    4.97    VG. 2%Py, TrCpy
----------------------------------------------------------------------------
LH07-048    69.00   70.85    1.85    1.50    0.03    0.03    Outside Contour
----------------------------------------------------------------------------
LH07-049    71.95   74.80    2.85    1.80    1.43    1.43       2%Py, Tr Cpy
----------------------------------------------------------------------------
LH07-050   113.00  121.50    8.50    1.50    4.43    4.43       3%Py, Tr Cpy
----------------------------------------------------------------------------
LH07-051   101.70  109.35    7.65    1.90    0.02    0.02    Outside Contour
----------------------------------------------------------------------------
LH07-052    85.70   88.00    2.30    1.50    0.02    0.02    Outside Contour
----------------------------------------------------------------------------
LH07-056   108.00  113.40    5.40    1.90    1.87    1.87        3%Py, 1%Cpy
----------------------------------------------------------------------------
LH07-057   121.50  126.00    4.50    1.50    1.14    1.14               3%Py
----------------------------------------------------------------------------

 
Note: All diamond drill holes have been composited to a minimum of
1.5 meters true width or greater to coincide with the minimum mining
width of 1.5 meters presently planned for this sector. 
Qualified Persons and Quality Control  
The technical and scientific information in this press release has
been compiled, reviewed and verified by Ronald G. Leber, P.Geo. Chief
Geologist - Mine Lac Herbin, QMX Gold Corporation and Qualified
Perso
n as defined by National Instrument 43-101 guidelines. Mr. Leber
is also the Qualified Person who directly supervised the drill
program and all technical work conducted at Mine Lac Herbin, as
summarized herein. Diamond drill core was logged and sampled by
company personnel at the Lac Herbin mine. LTK-48 size definition core
is entirely bagged and submitted for assay. Assaying was done by
Accurassays Laboratories in Thunder Bay, Ontario by fire assay
methods with AA finish, and secondary assays by fire assay with
gravimetric finish if Au was greater than 3g Au/tonne. Samples with
visible gold were assayed by metallic screening. In addition to
Accurassays standards, blanks and duplicates, the Lac Herbin Geology
Department inserts blanks and blind standards into the sample stream
at a frequency of one in twenty samples to monitor quality control. 
About QMX Gold  
QMX Gold Corporation is a Canadian publicly traded mining company
focusing on mine development and exploration in Quebec and Manitoba.
The Company is listed on the Toronto Stock Exchange and effective
July 5, 2012, began trading under the symbol "QMX", and trades in the
United States on the Over the Counter QX (OTCQX) International
platform under the symbol "QMXGF".  
QMX Gold continues to operate in the Val-d'Or area with production
estimated at 18,000-20,000 ounces of gold per year. The Company has
also begun to ramp-up pre-production activities at its property at
the Snow Lake Mining Camp which has a Measured and Indicated Mineral
Resource of 5.4 million tonnes grading 4.45 g/t Au for approximately
720,000 oz of gold. The Snow Lake Mine is expected to produce 80,000
ounces of gold per year. Full details of the Snow Lake Project are
outlined in the Technical Report titled "Snow Lake Mine Re-activation
Project" dated December 10, 2010 and prepared by: Andre Roy (Eng.)
Jamie Lavigne (P.Geo), David West (P.Eng), Ian Ward (P.Eng), Matthew
Parfitt (P.Eng), Mark Bednarz (P.Geo), which is available on the
SEDAR profile of the Company at www.sedar.com. 
Cautionary Note Regarding Forward-Looking Information and Mineral
Resources:  
This press release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to,
statements (express or implied) relating to production results and/or
the impact of such production results with respect to the mine at Lac
Herbin, the timing, cost and/or amount of future exploration and
development of the property, the timing, cost and/or amount of future
production, the future price of gold or other minerals, the
successful implementation of development plans at any of the
Company's properties and/or the future financial or operating
performance of QMX Gold, its properties and/or its projects.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward looking
information is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Company, its properties and/or its
projects to be materially different from those expressed or implied
by such forward-looking information, including but not limited to
those risks described in the annual information form of the Company,
which is available under the profile of the Company on SEDAR.
Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained
in forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws. It should also be noted
that mineral resources that are not mineral reserves do not have
demonstrated economic viability.  
To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/qmx0117fig1e.pdf.
Contacts:
QMX Gold Corporation
Francois Perron
President and CEO
(416) 309-2952 or Toll free: +1 877-717-3027 
QMX Gold Corporation
Louis Baribeau
Public Relations
(514) 667-2304 or Toll free: +1 877-717-3027 
QMX Gold Corporation
Rob Hopkins
Investor Relations
(416) 861-5899 or Toll free: +1 877-717-3027
info@qmxgold.ca
www.qmxgold.ca
 
 
Press spacebar to pause and continue. Press esc to stop.