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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 AuHole # 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----------------------------------------------------------------------------
