QX Resources Limited (ASX:QXR)
1. About
QX Resources Limited (ASX:QXR) is a resources company operating in the central Queensland goldfields.
The Company is party to an earn-in JV agreement with Zamia Metals Limited (ASX:ZGM) which owns four exploration licenses (Permits) in the Central Queensland goldfields housing two open pit historical gold mines, the Belyando and Lucky Break Mines, as well as multiple unexplored targets situated in the Clermont district of Central Queensland.
The Clermont region consists of scattered low-rising hills surrounded by black soil and alluvium plains. The hills have proven to be good exploration targets due to quartz veining and silicification related to mineralisation.
The Charters Towers to Clermont belt in Central Queensland has been a significant gold-producing area since the 1860s, when gold was discovered at Clermont. The gold deposits are of epithermal style. Zamia's 2008 discovery of the Anthony molybdenum deposit demonstrates the potential of the region to also host significant porphyry-style systems.