This article is 5 years old. Images might not display.
The past producer has slated the resource release for early in the northern hemisphere summer.
The headline result, part of a broader 4.3m at 41.69g/t, was from the Val d'Or East Zone and was 55m south of a hole last year that cut 6.9m at 25.7g/t.
President and CEO Brad Humphrey said 2019 was an exciting year for QMX with both the resource and custom milling imminent.
QMX is expecting cashflow from mid-year through a four-year custom milling programme at its Aurbel mill, 15km east of Val d'Or, with restart costs to be funded by Gowest Gold as part of the agreement.
Aurbel had processed gold from QMX's Lac Herbin underground mine from 2008 until it was shuttered in 2015.
The company closed an upsized private placement at C9c per unit that raised $1.8 million (US$1.3 million) in November.
QMX counts Osisko Gold Royalties (11.6%) and Probe Metals (7.5%) as major shareholders.
Its shares, which were trading at 13.5c a year ago, gained 22% or 1c to 5.5c yesterday to capitalise it at $7.8 million (US$5.8 million).
