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QMX Gold Corporation (QMX.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.1900+0.0100 (+5.56%)
At close: 3:56PM EST
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Previous Close0.1800
Open0.1850
Bid0.1900 x 0
Ask0.1950 x 0
Day's Range0.1850 - 0.1950
52 Week Range0.0600 - 0.3800
Volume1,073,440
Avg. Volume740,073
Market Cap74.423M
Beta (5Y Monthly)1.98
PE Ratio (TTM)N/A
EPS (TTM)-0.0040
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.41
  • QMX Gold Intersects 196.6m at 1.78 g/t Au Including 5.45 g/t Au Over 33.5m In-Pit at Bonnefond
    GlobeNewswire

    QMX Gold Intersects 196.6m at 1.78 g/t Au Including 5.45 g/t Au Over 33.5m In-Pit at Bonnefond

    Figure 1 Results from DDH 155 - Bonnefond Deposit Figure 2 QMX’s extensive and target-rich land packageTORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) -- QMX Gold Corporation (“QMX” or the “Company”) (TSX:V:QMX) is pleased to report results from the ongoing deep exploration drilling program on the Bonnefond deposit (Table 1). Drill hole 17315-20-155 (Figure 1) was completed as part of a series of drill holes testing the potential of the deeper portion at Bonnefond. The Bonnefond deposit is located in the Val d’Or East Zone of QMX’s extensive land package in Val d’Or, Quebec (Figure 2). Highlights (Grades are uncut; length is measured along the hole, Table 1): * 1.78 g/t Au over 196.6m, including 5.46 g/t Au over 33.5m within the 2020 Mineral Resource Estimate conceptual pit-shell * 3.30 g/t Au over 9.5m, including 10.42 g/t Au over 2.0m at 380m * 20.90 g/t Au over 1.7m at 520m * 5.57 g/t Au over 3.1m at 550mDDH 17315-20-155 confirms the previous results from DDH 121 (News Release, August 18, 2020) and DDH 149 (News Release, January 5, 2021) and the potential of the Bonnefond deposit below the 2020 Mineral Resource Estimate (MRE) conceptual pit-shell (New Release, December 2, 2020). “We continue to develop a better mineralization model with every hole drilled at Bonnefond,” says Dr. Andreas Rompel, Vice President Exploration, “and we gain more knowledge about the mineralization at depth. After having drilled several successful deep holes, it is clear that the mineralization continues down plunge including several high-grade intervals.’’The Bonnefond deposit comprises an intrusive body and series of shear zones transecting the intrusive and the surrounding volcanic series. The main part of the mineralization is hosted in the shear zones and is associated with quartz tourmaline veins, pyrite and strong sericite-albite-fuchsite alteration. In the tonalite, mineralized veins and veinlets extend outside of the shear envelops.Drill hole 17315-20-155 was drilled down plunge close to the western contact of the Bonnefond tonalite, 50m to west of DDH 121 to test the continuity of the enriched mineralization zones along the intrusive and below the resource pit. The drill hole remained within the mineralized tonalite from the bedrock to 560m and ended at 625m in the diorite. Along its entire course, the diamond drill hole intersected multiple enriched zones. These intervals are listed in Table 1. The intersection angle of the drill hole with the mineralized zones is almost perpendicular, rendering the intersection length close to the true width.Within the 2020 MRE pit-shell, DDH 155 intersected 1.78 g/t Au over 196.6m including 5.46 g/t Au over 33.5m and several narrower enriched intervals varying from 4.03 g/t Au over 1.6m to 9.00 g/t Au over 1.5m. Those enriched intervals are related to higher density of quartz tourmaline veins and visible gold is often observed.Below the pit shell, the hole intersected several mineralized intervals such as 3.30 g/t Au over 9.5m, including 10.42 g/t Au over 2.0m at 380m; 20.90 g/t Au over 1.7m at 520m and 5.57 g/t Au over 3.1m at 550m. Based on the current interpretation of the project, the continuity of several of these intervals can be traced in near-by drill holes demonstrating potential for continuous underground sustainable mineralized zones at depth.Combined with the success of the 2020 MRE at building a first inferred underground resource on the Bonnefond deposit, the results of DDH 155, DDH 121 and DDH 149 builds on the underground potential of the project.Table 1: Results from DDH 155 - Bonnefond DepositHole Number AzimuthDipHoleFromToLength*Au**Remarks (°)(°)Length(metre)(metre)(metre)(g/t) 17315-20-155025-70625          79.280.71.53.17Tonalite     126.3128.11.816.53Tonalite     136.4333.0196.61.78Tonalite    Incl148.5150.01.59.00     Incl180.4213.933.55.46     Incl226.5233.57.03.29     Incl232.0233.51.510.53     Incl262.0263.61.64.03     Incl294.1296.12.06.89      347.5349.01.54.69Tonalite     373.5383.09.53.30Tonalite    Incl375.5377.52.010.42      502.7505.73.02.99Tonalite     521.0522.71.720.90Tonalite     544.8546.31.54.99Tonalite     554.7557.83.15.57Tonalite           * Reported length measured along the hole. ** Au uncutFigure 1: Results from DDH 155 - Bonnefond Deposit https://www.globenewswire.com/NewsRoom/AttachmentNg/6b6a4ad6-a846-432b-adfc-b5e2089c5966Figure 2: QMX’s extensive and target-rich land package https://www.globenewswire.com/NewsRoom/AttachmentNg/d0d8e8d6-7940-421f-9cd5-7258c6c56908Current Exploration Drilling QMX currently has four drill rigs operating on its Val d’Or property, all on and around the Bonnefond property. QMX expects to mobilize additional drill rigs as soon as the field conditions allow it to start drilling at the Bevcon and the New Louvre targets (News Release, January 12, 2021).Quality ControlDuring the drilling program, assay samples were taken from the NQ core and sawed in half. One half is sent to Swaslab Ltd., a certified commercial laboratory. The other half of the core is retained for future reference. A strict quality assurance and quality control program was applied to all samples, which included insertion of mineralized standards, blank samples and duplicates inside each batch of 20 samples. The gold analyses were completed by fire-assay with an atomic absorption finish on 50 grams of material. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more. The gold analyses were undertaken by fire-assay on 50 grams of pulp with an atomic absorption finish. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more. Qualified Persons The scientific and technical content of this press release has been reviewed, prepared and approved by Mélanie Pichon, P.Geo, M.Sc, Exploration Manager, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").About QMX Gold CorporationQMX Gold Corporation is a Canadian based resource company traded on the TSX Venture Exchange under the symbol “QMX”. The Company is systematically exploring its extensive property position in the Val d’Or mining camp in the Abitibi District of Quebec. QMX Gold is currently drilling in the Val d’Or East portion of its land package focused on the Bonnefond Deposit and in the Bourlamaque Batholith. In addition to its extensive land package QMX Gold owns the strategically located Aurbel gold mill and tailings facility.                                                                                 Contact Information: Brad HumphreySandy Noyes     Louis Baribeau President and CEOInvestor Relations Public Relations  & Communications  Tel: (514) 667-2304  snoyes@qmxgold.ca      Toll free: +1 877-717-3027 Email: info@qmxgold.caWebsite: www.qmxgold.ca Cautionary Note Regarding Forward-Looking Information:This press release contains or may be deemed to contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the 2020 MRE, future plans, operations and activities, planned drilling programs, projected mineralization, timing of assay results, and the ability of the Company to continue as a going concern. 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 disclosure documents of the Company filed under the Company’s profile 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.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

  • QMX Gold Commences 35,000 Metre Winter Drilling Campaign Including at the Highly Prolific Bevcon Target
    GlobeNewswire

    QMX Gold Commences 35,000 Metre Winter Drilling Campaign Including at the Highly Prolific Bevcon Target

    Figure 1 QMX’s extensive and target-rich land packageTORONTO, Jan. 12, 2021 (GLOBE NEWSWIRE) -- QMX Gold Corporation (“QMX” or the “Company”) (TSX:V:QMX) is pleased to announce that it has commenced the planned 35,000m winter drilling campaign (the “Winter Campaign”). The Winter Campaign will focus primarily on and around the Bonnefond deposit and Bevcon target, both located on the eastern side of its nearly 200 km2 Val d’Or Camp property located east of the city of Val d’Or in the historically gold-rich Abitibi Greenstone Belt in Québec (Figure 1). Highlights include: * 16,000m of drilling at Bonnefond, including 8,000m of expansion drilling at depth on the Bonnefond intrusive and 8,000m of exploration drilling on the broader Bonnefond property * 12,000m of exploration drilling around the past producing Bevcon mine * 7,000m of exploration drilling on the New Louvre target Following on a very active and successful 2020, QMX has commenced the Winter Campaign. The 35,000m Winter Campaign, focusing on the highly prospective East Zone, will culminate in seven drill rigs turning on the Bonnefond, New Louvre and Bevcon targets. The primary objective of this drilling campaign is to further expand the Bonnefond deposit and follow-up on previous significant drilling results in the East Zone. “We are thrilled to report the start of our Winter Campaign,” says Dr. Andreas Rompel, Vice President Exploration, “We intend to enlarge the known resource on Bonnefond even further and want to embark on exploration around the prolific Bevcon intrusive, which has been the host to a historic mine which was far from depletion when stopped. We are very confident that we can build a similar resource base compared to our flagship Bonnefond project.’’Ongoing ExplorationQMX is currently operating four drill rigs on and around the Bonnefond deposit area. This initial phase of the Winter Campaign is focused on deep drilling below the Bonnefond deposit and exploration drilling near the New Louvre target. Three additional drill rigs will be mobilized as the winter campaign progresses.Bonnefond Deposit This winter, QMX plans to drill approximately 8,000m to explore the Bonnefond intrusive further at depth with the objective of expanding the current underground resource. In parallel, QMX is conducting a broader 8,000m exploration program testing prospective targets to the east of the Bonnefond deposit.Previous drilling at Bonnefond intersected 6.48 g/t Au over 73.2m, and 35.56g/t Au over 4.0m at 1,050m in DDH 17215-20-121 (News Release, August 18, 2020) and intersected 185.0m of 2.16 g/t Au in-pit and 11.2m of 10.88 g/t Au at depth in DDH 17315-20-149 (News Release, January 5, 2021).Bevcon IntrusiveDuring the Fall of 2020, QMX tasked InnovExplo to complete a Leapfrog 3D model and structural analysis of the Bevcon mine. This detailed geological model integrated all of the available data on the project and facilitated a better understanding of the 2.5km long target area, driving the Company’s 12,000m drill program this winter.The initial phase of the Winter Campaign on the Bevcon intrusive will follow up on the significant results returned from the 2019 drilling campaign. The previous drilling to the west of the Bevcon mine intersected 84.8 g/t Au over 6.0m, including 137.5 g/t Au over 3.7m in DDH 17311-18-015 and 10.8 g/t Au over 4.3m in DDH 17311-18-017 (News Release, September 24, 2019).New Louvre TargetThe New Louvre target is located 1.5km south east of the Bonnefond deposit on the Bonnefond property. It consists of a grano-dioritic sill hosted in a major shear zone. Mineralization is hosted in quartz-tourmaline veins associated with the deformation. In 2018, a first reconnaissance drilling campaign on the New Louvre sill returned several mineralized intersection over the roughly 1km structure, including 6.6 g/t Au over 3.7m in DDH 17315N-18-007; 14.0 g/t Au over 1.4m in DDH 17315N-18-008; 21.5 g/t Au over 0.9m in DDH 17315N-18-017 and 10.9 g/t Au over 2.5m in DDH 17315N-18-018 (News Release, August 22, 2019).QMX anticipates drilling 7,000m on the New Louvre target during the Winter Campaign.Figure 1: QMX’s extensive and target-rich land package https://www.globenewswire.com/NewsRoom/AttachmentNg/f9809826-df28-4ca1-8365-46eb171ead5bQuality ControlDuring the drilling program, assay samples were taken from the NQ core and sawed in half. One half is sent to Swaslab Ltd., a certified commercial laboratory. The other half of the core is retained for future reference. A strict quality assurance and quality control program was applied to all samples, which included insertion of mineralized standards, blank samples and duplicates inside each batch of 20 samples. The gold analyses were completed by fire-assay with an atomic absorption finish on 50 grams of material. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more. The gold analyses were undertaken by fire-assay on 50 grams of pulp with an atomic absorption finish. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more. Qualified Persons The scientific and technical content of this press release has been reviewed, prepared and approved by Mélanie Pichon, P.Geo, M.Sc, Exploration Manager, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").About QMX Gold CorporationQMX Gold Corporation is a Canadian based resource company traded on the TSX Venture Exchange under the symbol “QMX”. The Company is systematically exploring its extensive property position in the Val d’Or mining camp in the Abitibi District of Quebec. QMX is currently drilling in the Val d’Or East portion of its land package focused on the Bonnefond Deposit and in the Bourlamaque Batholith. In addition to its extensive land package QMX owns the strategically located Aurbel gold mill and tailings facility.Contact Information:   Brad HumphreySandy NoyesLouis Baribeau President and CEOInvestor RelationsPublic Relations  & CommunicationsTel: (514) 667-2304  snoyes@qmxgold.ca  Toll free: +1 877-717-3027        Email: info@qmxgold.ca        Website: www.qmxgold.caCautionary Note Regarding Forward-Looking Information:This press release contains or may be deemed to contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the future plans, operations and activities of the Company, the Winter Campaign, projected mineralization, timing of assay results, and the ability of the Company to continue as a going concern. 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 disclosure documents of the Company filed under the Company’s profile 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.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

  • QMX Gold Intersects 185.0m of 2.16 g/t Au In-Pit and 11.2m of 10.88 g/t Au at Depth at Bonnefond
    GlobeNewswire

    QMX Gold Intersects 185.0m of 2.16 g/t Au In-Pit and 11.2m of 10.88 g/t Au at Depth at Bonnefond

    Figure 1 Results from DDH 149 - Bonnefond Deposit Figure 2 QMX’s extensive and target-rich land packageTORONTO, Jan. 05, 2021 (GLOBE NEWSWIRE) -- QMX Gold Corporation (“QMX” or the “Company”) (TSX:V:QMX) is pleased to report results from the ongoing deep exploration drilling program on the Bonnefond Deposit (Table 1). Drill hole 17315-20-149 (“DDH 149”) was completed as part of a series of deep drill holes testing the potential below the conceptual pit-shell at Bonnefond. The Bonnefond deposit is located in the Val d’Or East Zone of QMX’s extensive land package in Val d’Or, Quebec (Figure 2). Highlights (Grades are uncut; length is measured along the hole, Table 1): * 2.16 g/t Au over 185.0m within the 2020 Mineral Resource Estimate conceptual pit-shell * 10.88 g/t Au over 11.2m including 37.88 g/t Au over 2.0m at 620m * 11.31 g/t Au over 2.0m at 1040m DDH 149 confirms the results of DDH 121 and the potential of the Bonnefond deposit below the 2020 Mineral Resource Estimate (“MRE”) conceptual pit-shell. “Again, the Bonnefond deposit has proven highly prolific, returning impressive results near surface as well as at depth.” says Dr. Andreas Rompel, Vice President Exploration, “It is now evident that we have high-grade mineralization from high up to deep down in the intrusion, its intersecting shear zones and the immediate environment. We will continue to test this potential with the intention to enlarge our resource at Bonnefond. We are keenly awaiting the results of the next holes at this location.’’The Bonnefond deposit comprises an intrusive body and series of shear zones transecting the intrusive and the surrounding volcanic series. The main part of the mineralization is hosted in the shear zones and is associated with quartz tourmaline veins, pyrite and strong sericite-albite-fuchsite alteration. In the tonalite, mineralized veins and veinlets extend outside of the shear envelops.Drill hole 149 was drilled down plunge in the central part of the Bonnefond tonalite 40m west of DDH 121 to test the continuity of the mineralized enrichment zones intersected by DDH 121 (News Release, Aug 18, 2020). The drill hole remained within the mineralized tonalite from the bedrock to its end at 1,199m. The diamond drill hole intersected multiple enriched zones along its entire course with an angle close to true width. These intervals are listed in Table 1.Within the 2020 MRE conceptual pit-shell, DDH 149 intersected 2.16 g/t Au over 185.0m with several enriched intervals varying from 4.01 g/t Au over 23.1m to 7.62 g/t Au over 15.0m. Those enriched intervals are related to a higher density of quartz tourmaline veins and a stronger alteration with visible gold often observed.Below the pit shell, the hole intersected several mineralized intervals and was successful at intersecting the continuities of two deep intervals of DDH 121. At a depth of 621.0m, DDH 149 intersected 10.88 g/t Au over 11.2m, including 37.88 g/t Au over 2.0m and in DDH 121, the same mineralized horizon returned a grade of 6.37 g/t Au over 11.2m at 590m down the hole. At 1040.0m, DDH 149 intersected 11.31 g/t Au over 2.0m, the same horizon graded 35.56 g/t Au over 4.0m in DDH 121.Proven by the success of the first inferred underground resource on the Bonnefond deposit detailed in the 2020 Mineral Resource Estimate (New Release, Dec 2, 2020) and the results from DDH 121 and 149 located below the conceptual pit-shell, the Company will continue to focus on the deep exploration program on the Bonnefond deposit.Table 1: Results from DDH 149 - Bonnefond DepositHole Number AzimuthDipHoleFromToLength*Au**Remark (°)(°)Length(metre)(metre)(metre)(g/t) 17315-20-149180-851199          60.0245.01852.16Tonalite    Incl.65.588.623.14.01     Incl.101.1106.15.03.49     Incl.112.1127.115.07.62     Incl.133.1150.317.23.44      286.0289.13.13.02Tonalite     297.0303.66.62.82Tonalite     415.5417.01.55.92Tonalite     476.1477.11.08.41Tonalite     543.0544.51.53.97Tonalite     557.3568.010.71.05Tonalite     569.5571.52.03.82Tonalite     573.4582.38.91.41Tonalite     616.3627.511.210.88Tonalite    Incl.624.1626.12.037.88      669.3671.01.74.16Tonalite     697.3701.03.72.06Tonalite     705.9709.33.41.62Tonalite     810.3812.62.34.49Tonalite     878.1881.63.52.21Tonalite     942.5944.01.53.31Tonalite     960.2961.81.64.96Tonalite     1013.81015.11.311.32Tonalite     1039.01041.02.011.31Tonalite     1094.91096.11.23.87Tonalite * Reported length measured along the hole. ** Au uncutFigure 1: Results from DDH 149 - Bonnefond Deposit https://www.globenewswire.com/NewsRoom/AttachmentNg/f7935998-8ada-46cf-a67c-46d532e30b78Figure 2: QMX’s extensive and target-rich land package https://www.globenewswire.com/NewsRoom/AttachmentNg/974d8c56-2ae7-4ddb-a2f2-84367c26a0fdCurrent Exploration Drilling QMX currently has 4 drill rigs operating on its Val d’Or property, all on the Bonnefond property. QMX Gold expects to mobilize additional drill rigs as soon as the field conditions allow it to start its winter drilling program at Bevcon and the New Louvre deposits.Quality ControlDuring the drilling program, assay samples were taken from the NQ core and sawed in half. One half is sent to Swaslab Ltd., a certified commercial laboratory. The other half of the core is retained for future reference. A strict quality assurance and quality control program was applied to all samples, which included insertion of mineralized standards, blank samples and duplicates inside each batch of 20 samples. The gold analyses were completed by fire-assay with an atomic absorption finish on 50 grams of material. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more. The gold analyses were undertaken by fire-assay on 50 grams of pulp with an atomic absorption finish. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more. Qualified Persons The scientific and technical content of this press release has been reviewed, prepared and approved by Mélanie Pichon, P.Geo, M.Sc, Exploration Manager, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").About QMX Gold CorporationQMX Gold Corporation is a Canadian based resource company traded on the TSX Venture Exchange under the symbol “QMX”. The Company is systematically exploring its extensive property position in the Val d’Or mining camp in the Abitibi District of Quebec. QMX is currently drilling in the Val d’Or East portion of its land package focused on the Bonnefond Deposit and in the Bourlamaque Batholith. In addition to its extensive land package QMX owns the strategically located Aurbel gold mill and tailings facility.Contact Information:   Brad HumphreySandy NoyesLouis Baribeau President and CEOInvestor RelationsPublic Relations  & CommunicationsTel: (514) 667-2304  snoyes@qmxgold.ca      Toll free: +1 877-717-3027Email: info@qmxgold.caWebsite: www.qmxgold.ca Cautionary Note Regarding Forward-Looking Information: This press release contains or may be deemed to contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the future plans, operations and activities of the Company, planned drilling programs, projected mineralization, timing of assay results, and the ability of the Company to continue as a going concern. 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 disclosure documents of the Company filed under the Company’s profile 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.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.