Golden Giant Project – QcX Gold – Quebec Exploration

The Golden Giant Project is located near the village of Eastmain, in the James Bay region of Québec, Canada which is connected to the Québec provincial highway network, a regional airport, and provincial power. The project comprises three properties, covering 18,992 hectares: Golden Giant East, Golden Giant West and the Kali East block. There is tremendous early upside exploration potential on this property.

“The QcX Gold team is very excited about our upcoming inaugural drill program on the Golden Giant Project. By combining the data from our airborne magnetics program with upcoming IP results and the several gold showings produced last summer, we have armed ourselves with an excellent initial dataset that gives us the best chance of making a discovery. Once we receive our IP results, we will be able to turn these high-priority targets into ‘drill-ready’ targets. We will update the market as soon as these results have been obtained and compiled.” – Aaron Stone, Vice President Exploration, QcX (March 2021)

Regional Setting

The Golden Giant Project is contiguous with Azimut Exploration Inc.’s Elmer Gold Project and only 2.9 km from its Patwon Discovery – where significant gold mineralization was announced in January 2020 with drill results up to 3.15 g/t Au over 102 m. In addition, it is also contiguous with Dios Exploration and Midland Exploration projects.

The Golden Giant project shares similar geology with Azimut, including felsic to mafic volcanic rocks, northeast-trending faults and shear zones, northeast-trending fold limbs, as well as gold mineralization identified at surface. It is underlain by Archaean felsic and mafic greenstone rocks of the Wabamisk formation as well as Western properties that include felsic/mafic prospective contacts.

The Eastern property covers felsic volcanics, bisected by a strike-slip fault and a kilometric fold limb. Multiple regional structures are present trending ENE-WSW following regional mineralization trends.

High Priority Targets

In Q1 2021, QcX Gold identified multiple high-priority targets from a high-resolution magnetics survey on its Golden Giant East (GGE) and West (GGW) blocks.

In total, 25 targets were identified across GGE and GGW. These target areas were generated based on gold occurrences from surface sampling together with the structural architecture that characterizes the GGE and GGW Areas of Interest as interpreted from magnetic data and available geological constraints (e.g., structural observations and field measurements).

All targets warrant follow-up exploration work, with 10 targets (3, 13, 14, 15, 16, 18, 19, 20, 23, 25) marked as high-priority due to the existence of a geophysical anomaly combined with existing gold values found at surface.

Magnetics data from the airborne program together with targets areas and major faults can be viewed in Figures 1 and 2, while the full list of generated targets can be seen in Table 1.

 

Figure 1: Map of proposed target areas for Golden Giant East Areas of Interest. Shown with interpreted major faults and mineralized samples (ppb Au), underlain by total magnetic intensity.

Figure 1: Map of proposed target areas for Golden Giant East Areas of Interest. Shown with interpreted major faults and mineralized samples (ppb Au), underlain by total magnetic intensity.

 

Figure 2: Map of proposed target areas for Golden Giant West Areas of Interest. Shown with interpreted major faults and mineralized samples (ppb Au), underlain by total magnetic intensity.

Figure 2: Map of proposed target areas for Golden Giant West Areas of Interest. Shown with interpreted major faults and mineralized samples (ppb Au), underlain by total magnetic intensity.

id Rank Commodity Comments
1 2 Au Enhanced magnetism at intersection between magnetic trend and second-order faults within splay zone of major NE-trending shear structures
2 1 Au Significant positive magnetic anomaly localized within an interpreted folded zone and cut by oblique second-order faults that intersect a major shear zone to the north
3 1 Au High grade Au from sampling (18.9g/t); Au localized in interpreted hinge zone; associated with high amplitude magnetic anomaly; intersecting NW fault/dyke
4 3 Au Intersecting major faults; interpreted fault-parallel folding
5 2 Au Magnetic anomaly along strike from Au occurrences ~1km to the west
6 1 Au Magnetic anomaly overprinting structural grain; mapped contact zone between mafic and felsic rocks; asymmetric fold hinge; releasing bend on shear zone intersected by oblique faults
7 1 Au Significant positive magnetic anomaly localized within an interpreted fold hinge; mapped contact between gabbro and felsic tuff
8 1 Au Significant positive magnetic anomaly localized within an interpreted east-facing fold hinge, linked by oblique NE-trending faults; mapped contact between gabbro and felsic tuff
9 3 Ni, Cu Clear positive magnetic anomaly overprinting low mag tonalitic rocks. Possible intrusion/plug?
10 3 Au Splayed/intersecting major shears; interpreted axial planar, NE-trending magnetic intrusions
11 2 Au Major magnetic sulfide? Zone in hinge of fold adjacent to ENE-trending shear
12 2 Au Folded shear contact between magnetic and non-magnetic rocks; major hinge zone
13 2 Au Oblique NW trending fault splay from major E-W shear zone to south; anomalous Au within zone
14 1 Au Early shear at magnetic contact folded by NE-trending F2?; axial trace-parallel and oblique minor faults prospective for veining; anomalous Au values in area.
15 1 Au Major asymmetric fold hinge zone at major geological contact/shear; anomalous Au in samples near interpreted anti-form fold
16 2 Au Major hinge zone with numerous interpreted lower-order folded magnetic anomalies; zone intersects a significant magnetic gradient/shear; cross-cutting
~E-W fault; nearby low-grade Au from sampling to the south
17 1 Au ~400m along strike from Au occurrence to the SW; area of elevated magnetics (potential magnetic intrusions); interpreted NE-trending fold hinge zone; interpreted major NE-trending fault cross-cut by oblique fault
18 1 Au Significant Au occurrence from sampling (up to 4.1 g/T) within a NE-trending structural corridor adjacent to mapped Fe-formation/Tuff contact; untested continuation of magnetic feature to the SW
19 3 Au Anomalous Au (0.9 g/T) from sampling; zone characterized by locally high amplitude magnetic anomalies; intersected by NE-trending faults; NW and NE trending folds interpreted
20 2 Au Major magnetic anomaly with mineralized samples on margin; oblique, NE-trending faults intersecting contact
21 2 VMS, Au Conspicuous major WNW-trending fault with network of NNW-trending, dextral-extensional structures intersecting elliptical magnetic anomaly in east -> possible primary structures?
22 1 Au Interpreted fold zone linked to reoriented/splayed major shear; anomalous Au within shear corridor; mapped contact zone between different tuffaceous rocks
23 2 Au Au occurrence from sampling (up to 1 g/t) coincident with the intersection between NE-trending magnetic feature and NW-trending fault; adjacent N-S magnetic dyke; possible Au upgrading/reworking system
24 1 Au, VMS Complex zone of splayed faults and magnetic features; ~800m along strike to SW from major Au occurrence; mapped contact between mafic and felsic rocks
25 1 Au Major Au occurrence (4.6 g/t) from sampling associated with a NE-trending magnetic feature that increases in magnetic amplitude to SW. Adjacent N-S magnetic dyke; possible Au upgrading/reworking system

 

GOLDEN GIANT MAP GALLERY

  • Figure 1: Map of proposed target areas for Golden Giant East Areas of Interest. Shown with interpreted major faults and mineralized samples (ppb Au), underlain by total magnetic intensity.
  • Figure 2: Map of proposed target areas for Golden Giant West Areas of Interest. Shown with interpreted major faults and mineralized samples (ppb Au), underlain by total magnetic intensity.