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Last C$0.02 CAD
Change Today +0.005 / 50.00%
Volume 74.0K
QMX On Other Exchanges
As of 12:46 PM 11/24/15 All times are local (Market data is delayed by at least 15 minutes).

qmx gold corp (QMX) Snapshot

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52 Week High
04/20/15 - C$0.04
52 Week Low
07/21/15 - C$0.01
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qmx gold corp (QMX) Details

QMX Gold Corporation, a junior gold-producing company, engages in the acquisition, exploration, and development of mineral properties in Canada. It holds a property position covering approximately 200 square kilometers in the Abitibi district of Québec. The company was formerly known as Alexis Minerals Corporation and changed its name to QMX Gold Corporation in June 2012. QMX Gold Corporation was incorporated in 1988 and is headquartered in Toronto, Canada.

Founded in 1988

qmx gold corp (QMX) Top Compensated Officers

Chairman, Interim Chief Executive Officer and...
Total Annual Compensation: C$124.9K
Chief Financial Officer
Total Annual Compensation: C$120.0K
Compensation as of Fiscal Year 2014.

qmx gold corp (QMX) Key Developments

QMX Gold Corporation Announces New Production Targets

QMX Gold Corporation announced upcoming operational plans, including the discovery and way forward on several new production targets, on its extensive land-package in Val d'Or, Quebec. Along with the focus on exploration and discovery on its own properties, the Company is actively seeking mine projects for acquisition, joint venture or option in the Val d'Or area, and will continue to operate the Aurbel gold mill as a toll milling facility providing services to projects in the Abitibi Region. New Production Targets: QMX is moving ahead with the search for, and discovery of, new sources of ore on the Lac Herbin Property. The Company has identified three targets with excellent potential in the short term for future production. Lac Herbin - FL3 Zone ­ The FL3 Zone is located near the top of the principal Lac Herbin access ramp and is recognized as one of three en-echelon zones which trend towards surface. The FL1 and FL2 zones respectively were mined in 2014 from development 105 meters and 65 meters below surface. The FL3 zone was highlighted in mapping and sampling in June and twelve short drill holes were completed to delineate the high-grade, narrow, Quartz-Tourmaline-Pyrite Vein. Engineering design work required to exploit the zone was recently completed and mining of the zone was tendered to Mining Contractors active in the region. QMX Gold expects mining of the area to commence in October and continue for approximately two months. Lac Herbin Mine:­ An additional 4,000 metres of delineation or exploration drilling has been planned in the upper part of the mine to test at least five additional targets which may offer potential for development and mining in 2016. Two targets currently have Inferred Resources and lie on the S1 shear, one of the principal shears at the Lac Herbin Mine. Drilling on these targets requires the use of the ramp as a drilling platform and therefore, has always been hampered by mobile equipment travelling in the ramp. Ferdeber Open Pit - A potential open pit target has also been identified only 200 meters from the Aurbel Mill. It may represent the crown pillar of the Shaft Zone at the historic Ferdeber Mine. An initial open pit design has been developed and a seismic survey and geotechnical overburden drilling program completed. A program of ten shallow surface drill holes is in progress to further delineate the deposit and confirm grade. QMX will perform more advanced engineering studies, providing that the potential economics remain positive. Other Targets - QMX Gold has identified several additional open pit targets on the large land package held in the Val d'Or area. These are prioritized and appropriate work is being advanced to evaluate their potential.

QMX Seeks Acquisition

QMX Gold Corporation (TSXV:QMX) is actively seeking mine projects for acquisition, joint venture or option in the Val d'Or area, and will continue to operate the Aurbel gold mill as a toll milling facility providing services to projects in the Abitibi Region.

QMX Gold Eyes Acquisitions

QMX Gold Corporation (TSXV:QMX) intends to make acquisitions. The company stated: “Our current goal is to support continued gold production at the Aurbel Mill from a Resource base developed through exploration, acquisitions and/or joint ventures in the Val d'Or.”


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