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The latest announcement is out from QcX Gold ( (TSE:QCX) ).
QcX Gold Corp. has completed the acquisition of a 100% interest in the Olsen Project, a 3,715-hectare land package in the Batchawana Bay area of northwestern Ontario, by issuing 500,000 common shares at a deemed price of $0.33 and making an initial cash payment of $28,000, with the shares subject to a standard four-month-plus-one-day hold period. The addition of the Olsen Project expands QcX Gold’s exploration footprint beyond Québec into another established Canadian mining jurisdiction, potentially enhancing its pipeline of early-stage gold and base metals targets and diversifying its portfolio exposure for investors and other stakeholders.
More about QcX Gold
QcX Gold Corp. is a mineral exploration company focused on gold and volcanogenic massive sulphide (VMS) style mineralization on properties in Québec, Canada. Its key assets include the Golden Giant Project in the James Bay region near Azimut Exploration’s Patwon discovery, and the Fernet Project in the Abitibi Greenstone Belt adjacent to Wallbridge Mining’s Fenelon/Martinière property, positioning the company close to several significant recent discoveries.
Average Trading Volume: 16,130
Technical Sentiment Signal: Buy
Current Market Cap: C$6.97M
See more insights into QCX stock on TipRanks’ Stock Analysis page.