New Risk • May 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$352k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$352k free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (185% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.73m market cap, or US$4.21m). Announcement • Apr 30
QcX Gold Corp. (TSXV:QCX) entered into a definitive agreement to acquire portfolio of mineral claims located in Ontario for CAD 0.30 million. QcX Gold Corp. (TSXV:QCX) entered into a definitive agreement to acquire portfolio of mineral claims located in Ontario for CAD 0.30 million on April 14, 2026. Under the terms of the agreement, the QcX Gold will acquire the property for total consideration of CAD 0.05 million in cash and the issuance of 1 million common shares, subject to customary approvals including acceptance by the TSX Venture Exchange. Announcement • Apr 23
QcX Gold Corp., Annual General Meeting, Jun 19, 2026 QcX Gold Corp., Annual General Meeting, Jun 19, 2026. Location: ontario, toronto Canada Board Change • Mar 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CFO & Director Arvin Ramos was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CFO & Director Arvin Ramos was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 99% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.79m market cap, or US$2.00m). Announcement • Aug 23
QcX Gold Corp. announced that it expects to receive CAD 0.75 million in funding QcX Gold Corp. announces a non-brokered private placement to issue 7,500,000 units at a price of CAD 0.10 for gross proceeds of CAD 750,000 on August 22, 2025. Each Unit is comprised of one common share of the Company and one whole Common Share purchase warrant of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of CAD 0.15 per Common Share for a period of 24 months from the date of issuance. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Board Change • Apr 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CFO & Director Arvin Ramos was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CFO & Director Arvin Ramos was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 05
QcX Gold Corp., Annual General Meeting, Jul 30, 2024 QcX Gold Corp., Annual General Meeting, Jul 30, 2024. Location: ontario, toronto Canada New Risk • Aug 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.62m market cap, or US$2.68m). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding). Announcement • Aug 31
QcX Gold Corp. announced that it has received CAD 0.49 million in funding On August 29, 2023, QcX Gold Corp. closed the transaction. The company amended the terms of the transaction and issued 6,200,000 flow-through units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 310,000 and 3,600,000 non flow-through units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 180,000 for the aggregate gross proceeds of CAD 490,000. In connection with the closing of the offering, the company paid certain eligible finders cash commissions in the aggregate of CAD 33,600 of which CAD 26,600 was paid through the issuance of 532,000 Units and issued the finders an aggregate of 532,000 non-transferrable broker warrants. Each broker warrant entitles the holder thereof to purchase one Unit at a price of CAD 0.05 at any time for a term of 2 years following the date of issuance. Board Change • Aug 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CFO & Director Arvin Ramos was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 25
QcX Gold Corp. Gold Identifies Lithium Potential on Golden Giant Project, James Bay Quebec QcX Gold Corp. has received assays results from the 51 grab samples collected from the Kali East Block of its Golden Giant Project, located in the James Bay region of Québec. This was the initial prospecting for QcX on the most easterly block of claims at Golden Giant since acquiring Kali East in 2020. The Kali East Block of the Golden Giant Project lies only 6 km to the northwest of Allkem Limited's James Bay Lithium project (also known as the Galaxy project), which is the largest lithium pegmatite deposit in Canada and currently being advanced to production. The project's lithium potential is further discussed below. In addition, numerous anomalous results were obtained for both copper, zinc and silver. The Kali East Block is located directly adjacent to the Billy Diamond Highway, making for easy access and low-cost exploration. Lithium potential was identified on the property after the discovery of pegmatitic boulders scattered across the Kali claims during the field program. This is geologically significant for the block's lithium potential, as it is located in close proximity to greenstone belt granitic pluton contacts, which are known to be highly prospective zones for Li2O-bearing pegmatite dikes. There exists an excellent potential for the block to hold pegmatite dikes directly under the thin layer of overburden that covers the majority of the property. Assay results from the regional prospecting program returned anomalous results for LCT-type pegmatite mineralization with up to 48.4 ppm Li and 96.6 ppm Rb. Further work is required to determine the source location of the pegmatitic boulders found on the project. In addition to the lithium potential identified, gold and base metals remain highly prospective. A highly anomalous result of 1,500ppm Cu and 0.68 g/t Ag was obtained from a "heavily altered amphibolite, with heavy gossan staining, 1-2% pyrite" in the northeast corner of the block, only a few hundred metres from the Billy Diamond Highway. This was surrounded by other anomalous Cu and Zn results. The majority of the Kali East Block remains unexplored and the Company has much further work to complete for follow up on structurally controlled geophysical targets that were discovered during QcX Gold's 2021 work program. This work is in addition to further analysis on results from the Company's inaugural drill program at Golden Giant across the West and East Blocks. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CFO & Director Arvin Ramos was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 13
QcX Gold Corp. to Complete Surface Exploration Program At Golden Giant, James Bay, Québec QcX Gold Corp. announce that it will conduct a surface exploration program on its Golden Giant Project, located in the James Bay region of Québec. The objectives of the program are to follow up on promising results obtained from the inaugural 2021 drill program, as well as conduct initial surface prospecting on the Kali East block, which to date has not been explored by the Company. Program Highlights and Goals: Focused exploration along the southern limb of a folded gabbroic unit, found on the eastern side of the Golden Giant East Block. Drill holes GG-21-14 and GG-21-16, which were drilled on the northern limb of this unit, produced 0.52g/t Au over 5.5m and 0.4g/t Au over 10.2m respectively. The hinge zone and southern limb will be explored in further detail to look for extensions to the observed mineralization. Boots on the ground on the Kali East Block. This will be the first time the Company has sent geologists to this portion of the project for surface prospecting, which was previously obtained from Harfang Exploration. Follow up surface work on the Golden Giant West Block, where drilling obtained anomalous results of up to 1.44g/t Au over 0.8m in GG-21-02 and 0.9% Zn over 0.5m in GG-21-03. Potential for both gold and VMS mineralization exists in this area. The Company also recently obtained high-resolution satellite imagery of the three Golden Giant blocks from Pacific Geomatics Limited. Images were taken by Maxar satellites with resolutions of up to 15cm high definition. With this high-resolution dataset, outcrops are easily observable, which can then be mapped and digitized. This data will greatly aid geologists while performing the surface prospecting program. The Golden Giant project comprises 3 properties, Golden Giant East, Golden Giant West and the Kali East block, covering 18,992 hectares and is contiguous to Azimut Exploration Inc.'s Patwon project. Board Change • Apr 27
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Director Daniel Nauth is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 24
Qcx Gold Corp. Announces Assay Results from Its Maiden Drill Program At the Golden Giant Project in James Bay QcX Gold Corp. announces assay results from its maiden drill program at the Golden Giant Project in James Bay, Québec. A total of 17 holes (3,011 m) were completed on the Golden Giant East ('GGEast') and Golden Giant West ('GGWest') blocks. Based on these drill results, the Company will focus on follow up exploration of the East Block. Assays of 0.523 g/t Au over 5.5 m from hole GG-21-14 and 0.398 g/t Au over 10.2 m from hole GG-21-16 were drilled in an area of the East Block where a folded gabbro unit can be observed. Holes GG-21-14 and GG-21-16 were drilled on the eastern side of the East Block, both into and surrounding a folded gabbro unit that follows the overall trend of deformation in the area. The 0.523 g/t Au over 5.5 m from hole GG-21-14 came from an intermediate intrusive unit within the main gabbro, which contained white quartz veins with trace epidote. The 0.398 g/t Au over 10.2 m from hole GG-21-16 was found close to surface at 36-46.2 m down hole. These grades came from an amphibolite unit sitting alongside the gabbro containing moderate to strong pervasive chlorite and amphibole alteration. Two significant quartz /quartz-tourmaline veins were found in this interval, measuring 70 cm and 50 cm, containing 1% disseminated pyrite and pyrrhotite. The Company is working through geological theories to determine if the mineralisation is related to the folded gabbro unit or rather a significant structure that is running through the area. On the West Block, holes GG-21-01 to 03 all uncovered small drill intercepts containing anomalous gold, all within the same sheared, strongly foliated amphibolite unit. The high grade in drill core relating to the 18.9 g/t Au found at surface was 1.44 g/t Au. Hole GG-21-03 also uncovered an anomalous zinc result of 0.895% Zn, which may warrant some follow up investigation. The Company plans to return to the Golden Giant property in 2022 to continue its exploration campaign. Only one third of the entire property has been explored to date. Only a very small fraction of the West Block has been worked and the Kali East Block is yet to be visited. Kali East is able to be reached by ground, making for low-cost exploration. Announcement • Sep 20
QcX Gold Identifies 18 Gold Targets on Fernet West Block, Proximal to the Fenelon Gold Camp QcX Gold Corp. announced that it has identified 18 targets for gold mineralization on the West Block of its Fernet Project (the "Property" or "Project") in the northwestern region of the Abitibi, Québec. The Fernet Property lies 15km northwest of Wallbridge Mining's advanced Fenelon gold project and 4km north of the Martinière gold project. The targets were generated from an advanced structural and lithological analysis of the property. Data from an airborne magnetics survey flown in January 2021 combined with existing geological data were interpreted to generate key gold targets. Please see below for map outlining the targets as well as an individual description of each. In addition, the Company wishes to report that all core from the 17 holes drilled on Golden Giant East ("GGEast") and Golden Giant West ("GGWest") blocks have been logged and samples have been sent to the lab for analysis. Results are pending and will be reported once received. External geophysicists, AussieCan Geoscience Inc., were engaged to conduct the study which was completed over two phases. Phase 1 consisted of a geophysical driven structural interpretation to outline important structures (faults, folds, intrusions, etc) across the property. Phase 2 incorporated all other available datasets (historical drilling, outcrop mapping, known showings, etc) to further define the structural outlay and develop an in-depth lithological interpretation. With this deeper geological understanding of the project, 18 gold targets were produced based on the environment they lie in (structural complexity, favourable geology, etc). Some of the targets lie structurally along strike from known occurrences and/or deposits (e.g. the Martinière deposit), which bodes well for exploration. Announcement • May 27
QcX Gold Corp. Commences Drilling At Golden Giant, James Bay, Québec and Outlines Program QcX Gold Corp. announced the start of drilling on its inaugural drill program on the Golden Giant Project in James Bay, Québec. The program consists of 19 planned drill holes for a total of 3,075m across the Golden Giant East ("GGEast") and Golden Giant West ("GGWest") blocks. Four drill holes (675m) are reserved for targets on the GGWest block while the other 15 drill holes are planned for targets on the GGEast block. The majority of early-stage exploration work to date has been on the GGEast block (located only 2.9km south of Azimut Exploration's Patwon discovery), hence there are more targets to cover. Drilling will commence at Golden Giant West, where surface exploration returned the high values from grab samples with results up to 18.9 g/t Au. The elevated gold values are in association with an annular magnetic high anomaly in addition to a chargeability anomaly. In this area, gold is associated with continuous and concordant pyrite enriched horizons (up to 10%) hosted in an amphibolite rock. Three drill holes will target this area while the remaining drill hole to the east will target a brecciated and leached area with strong silica alteration and coarse pyrite mineralisation that showed minor gold values but also produced elevated zinc levels (3540 ppm and 4740 ppm Zn). The first priority area for the Golden Giant East block includes six holes. Two holes are planned to intercept quartz veining containing chalcopyrite and pyrite mineralisation that returned grades of up to 4.12 g/t Au, while four are designed to target magnetic and IP anomalies. As can be observed in Figure 3, local folds displaying "S" patterns are observable in the magnetical first derivative, these structures share similarities with the vertical projection of the mineralized zone at Azimut Exploration's Patwon discovery (only 2.9km north of GGEast). Announcement • May 05
QcX Gold Corp. Secures Diamond Drill Rig for Inaugural Drill Program At Golden Giant, James Bay QcX Gold Corp. announced that it has secured a diamond drill rig for its upcoming inaugural drill program on the Golden Giant Project in James Bay, Québec. The drill is expected to mobilize to site by the end of May 2021. Approximately 3,000m of drilling is planned for the drilling program, with holes planned on the Golden Giant East and Golden Giant West blocks. Drill hole planning is in the final review stage after compiling information from two geophysical surveys as well as surface exploration data. The program is expected to last approximately six to eight weeks. Selected drill holes have one or all of the following: 1) Gold values from grab samples taken during last summer’s surface exploration program. 2) A magnetic geophysical feature (from survey conducted in January, 2021). 3) An induced polarisation geophysical anomaly (from survey conducted in February, 2021). Announcement • Feb 10
QcX Gold Corp. Completes High-Resolution Magnetic Geophysical Survey Across the Golden Giant Project and the West Block of the Fernet Project QcX Gold Corp. announced it has completed a high-resolution magnetic geophysical survey across the Golden Giant project and the West Block of the Fernet Project, both located in Quebec, Canada. Preliminary results, including imagery, are expected over the coming days and final reports in the next weeks. QcX Gold announced the commencement of an Induced Polarisation (IP) Geophysical Program on the Golden Giant Project. Line-cutters are on site clearing the way for equipment, with the geophysical team to follow shortly after. The program is expected to be completed towards the end of February, with results to follow in March. These two geophysical surveys examine very different geological features. The airborne magnetics survey is useful to pinpoint geological contacts and structures including faults, shear zones and unconformities. The IP program aids in detecting the presence of sulphide mineralization below the earths surface as well as areas of increased or decreased resistivity which may indicate hydrothermal activity. Disseminated sulphides, including pyrite, chalcopyrite, and arsenopyrite, are associated with gold mineralization found in grab samples at Golden Giant. Information from both surveys will be key inputs for the upcoming drill program. The Golden Giant project comprises 3 properties, Golden Giant East, Golden Giant West and the Kali East block, covering 18,992 hectares and is contiguous to Azimut Exploration Inc.'s Patwon project. The Fernet project comprises two properties, Fernet West and Fernet East, covering 7,195 hectares and is contiguous to Wallbridge Mining's Fenelon and Martinière projects. Announcement • Jan 13
QcX Gold Corp. to Conduct High Resolution Magnetic Survey on Golden Giant Project and Fernet West Block, Québec QcX Gold Corp. announced plans for a large scale, high resolution magnetic geophysical survey across the Golden Giant project in the James Bay region of Québec, Canada. The survey will also capture the West Block of the Fernet Project in the northern Abitibi. Work is set to commence mid-January, with results expected during the month of February. The Golden Giant project comprises 3 properties, Golden Giant East, Golden Giant West and the Kali East block, covering 18,992 hectares and is contiguous to Azimut Exploration Inc.'s Patwon project. The Fernet project comprises two properties, Fernet West and Fernet East, covering 7,195 hectares and is contiguous to Wallbridge Mining's Fenelon and Martinière projects. Announcement • Jan 01
QcX Gold Corp. announced that it has received CAD 0.7602 million in funding First Mexican Gold Corp. (TSXV:FMG) announced a non-brokered private placement of 5,067,997 flow through units at CAD 0.15 per unit for gross proceeds of CAD 760,199.55 on December 31, 2020. Each unit consists of one common share and one half of one common share purchase warrant. Each full warrant entitles the holder to acquire one common share at a price of CAD 0.18 until December 2022. The transaction closing is subjected to certain conditions including but not limited to, the receipt of all necessary approvals including the final approval of the TSX Venture Exchange. The company paid CAD 21,305.96 in cash, 274,037 broker warrants, and 130,000 units to certain eligible persons in the transaction. Each broker warrant entitles the holder to acquire one common share at an exercise price of CAD 0.15 until Dec. 30, 2022. Each broker unit comprises one common share and one warrant, each warrant comprising the broker units having the same terms as the warrants comprising the flow-through units. Announcement • Dec 10
Qcx Gold Corp. Announces Results from Its Phase 2 Exploration Program on Its 100% Owned Golden Giant West Project QcX Gold Corp. announced results from its Phase 2 exploration program on its 100% owned Golden Giant West project (Golden Giant West or GGWest). The overall Golden Giant project ("Golden Giant Project") is comprised of 3 properties; GGWest, Golden Giant East (GGEast), and the Kali East (Kali East) block, covering approximately 18,992 hectares and is contiguous to Azimut Exploration Inc.'s Patwon project. The Phase 2 exploration program on Golden Giant West followed up on initial results from the Phase 1 program, and has resulted in further discoveries of anomalous gold values from grab samples returning up to 18.9 g/t Au along with other anomalous samples of interest. Announcement • Dec 02
QcX Gold Reports up to 4.6 g/t Au from Golden Giant East Block QcX Gold Corp. to announce results from its Phase 2 exploration program on its 100% owned Golden Giant East project (‘Golden Giant East’ or ‘GGEast’). The overall Golden Giant project (‘Golden Giant Project’) is comprised of 3 properties, Golden Giant West (‘GGWest’), GGEast and the Kali East (‘Kali East’) block, covering approximately 18,992 hectares and is contiguous to Azimut Exploration Inc.'s Patwon project. A total of 424 grab and channel samples were taken from GGEast in the Phase 2 exploration program. Of these, 24, or 5.7% of the total samples analyzed, returned anomalous values greater than 200 ppb Au. 12 samples, or 2.8% of the total samples analyzed, returned greater than 0.5 g/t Au, with the highest grab sample returning 4.6 g/t Au. Announcement • Oct 20
QcX Gold Inc. Appoints Aaron Stone as Vice President, Exploration QcX Gold Inc. announced the appointment of Aaron Stone, P.Geo, as Vice President, Exploration of the company. Mr. Stone is a registered Professional Geologist (OGQ - 02170 'temporaire restrictif') in the province of Quebec, Canada and is fluent in both English and French. Most recently, Mr. Stone worked with Laurentia Exploration. Is New 90 Day High Low • Sep 30
New 90-day low: CA$0.30 The company is down 27% from its price of CA$0.41 on 02 July 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 8.0% over the same period. Announcement • Sep 29
QcX Gold Corp. Announces Results from Phase 1 Exploration Program on its Golden Giant West Project QcX Gold Corp. announced the results from its Phase 1 exploration program on its 100% owned Golden Giant West project ("Golden Giant West" or "GGWest"). The overall Golden Giant project ("Golden Giant Project") comprises 3 properties, Golden Giant East ("GGEast"), GGWest and the recently acquired Kali East ("Kali East"), covering 18,992 hectares and is contiguous to Azimut Exploration Inc.'s Patwon project. The Phase 1 exploration program on Golden Giant West resulted in the discovery of grab samples returning up to 3.87 g/t Au along with other anomalous samples of interest. In addition, follow-up work on these areas of interest during the Phase 2 exploration program identified interesting mineralized samples for which assays are pending. In Phase 1, 125 samples out of the total of 550 grab and channel samples collected were taken from GGWest. Ten samples returned gold value over the limit of detection. The more significant gold mineralization identified to date occurs as: Sheared amphibolite associated with up to 3% pyrite returned the high gold value of 3.87 g/t Au, along with 0.8 g/t Ag, and 0.02% Cu; Angular quartz vein boulder containing 5-7% pyrite and traces of chalcopyrite returned 37 ppb Au; Block of in-situ amphibolite containing 5-8% pyrite and quartz chlorite veins returned 16 ppb Au. Future work will continue to advance the Company's geological understanding of the property as well as continued exploration to determine the possible extension of this new gold anomaly. Announcement • Sep 17
QcX Gold Discovers Kilometric Anomalous Gold Trend During Phase 1 Work Program on Golden Giant East, Quebec QcX Gold Corp. announced the results from its Phase 1 exploration program on its 100% owned Golden Giant project . The overall Golden Giant project comprises 3 properties, Golden Giant East ("GGEast"), Golden Giant West ("GGWest") and the recently acquired Kali East properties, covering 18,992 hectares and is contiguous to Azimut Exploration Inc.'s Patwon project as shown in Figure 1. The Phase 1 exploration program on GGEast resulted in the discovery of a kilometric anomalous gold trend, spanning over 5 km, with results of up to 1.71 g/t Au from grab samples. In addition, Phase 1, prospecting resulted in the discovery of several other promising areas of interest
on both the East and West blocks. In Phase 1, 425 samples out of the total of 550 grab and channel samples collected were taken from GGEast. Of these, 35, or 8.2% of the total samples analyzed, returned anomalous values greater than 20 ppb Au. 12 samples, or 2.8% of the total samples analyzed, returned greater than 0.1 g/t Au, with the high grab sample returning 1.71 g/t Au. Of particular importance is the identification of a northeast-trending zone of anomalous gold samples, spanning approximately 5 km and roughly following the southern portion of a cherty banded iron formation unit. A second gold trend occurs in the southern portion of the GGEast property, which is again coincident with the cherty iron formation unit. Gold in iron formations make excellent exploration targets due to their scaleability, and correlation with high magnetic geophysical anomalies. In this case the gold mineralization has a correlation with silver and copper, and is weakly correlated with zinc, antimony and/or arsenic. Gold mineralization occurs in a variety of settings, including: Anomalous gold values of 425 ppb, 215 ppb, 160 ppb, 149 ppb, and 143 ppb were obtained from a series of samples of quartz-chlorite veins in the East Block. The veins vary in width from a few centimetres to 15 centimetres, contain trace amount to 1% pyrite, and are oriented approximately at 215º/85º N. 1.7 ppm Au: value obtained from one sample of quartz-tourmaline vein with 1% of fine disseminated pyrite and traces of chalcopyrite crosscutting a tuff sequence and proximal to contact with pillowed andesite. Similar veins were noted in that area and will be tested during Phase-II. 263 ppb and 217 ppb Au: values from samples of sheared and chlorite-garnet altered tuff with traces of chalcopyrite and 2% pyrite along the margins of a 40 cm wide quartz vein (Figure 3 - B). 341 ppb Au: sample from a sub-horizontal centimetric-thick quartz vein in felsic tuff with 3% pyrite. 227 ppb, 107 ppb, and 101 ppb Au: samples of mineralized bands (5-30 cm wide) of chert with locally up to 20% pyrite. Announcement • Jul 17
QcX Gold Corp. announced that it has received $2 million in funding On June 26, 2020, QcX Gold Corp. (TSXV:QCX) closed the transaction. The company issued 4,248,722 charity-flow through units for proceeds of CAD 764,769.96 in its second tranche. TSX Venture Exchange has accepted filing documentation with respect to the transaction which included participation from 49 placees including individual investor Kelly Malcolm for 300,000 units. The company paid finder fees of CAD 57,182.96 and issued 162,320 finder warrants exercisable at a price of CAD 0.18 in the transaction. 
