More high-grade gold values plus 12 hole drilling program for Q-Gold at Mine
Centre, Ontario
SEC 12g 3-2(b) Exemption No. 82-4931
FORT FRANCES, ON,
Assays on 14 further samples taken at 1 metre intervals on a 1 metre by 1 metre grid over a strike length of 15 metres on the Baseline vein and 4 samples from each of the West and East bifurcations of the "Nugget Extension" vein over total strike lengths of 47.8 metres and 51.0 metres, respectively, revealed gold values as follows (1 ppm = 1 g/t):
Baseline Vein 8.17 grams/tonne ("g/t") Weighted Average ----------------------------------------------------- Sample Number Au (ppm) Sample Weight (kg) ----------------------------------------------------- 55049 0.45 2.70 ----------------------------------------------------- 55050 8.83 4.14 ----------------------------------------------------- 55051 3.17 3.72 ----------------------------------------------------- 55052 10.55 4.71 ----------------------------------------------------- 55053 0.12 4.67 ----------------------------------------------------- 55054 1.83 3.82 ----------------------------------------------------- 55055 9.01 2.87 ----------------------------------------------------- 55056 19.30 4.38 ----------------------------------------------------- 55057 2.27 2.77 ----------------------------------------------------- 55058 2.57 2.69 ----------------------------------------------------- 55059 45.40 3.89 ----------------------------------------------------- 55060 0.10 3.58 ----------------------------------------------------- 55061 3.46 3.85 ----------------------------------------------------- 55062 0.64 4.02 ----------------------------------------------------- Nugget Extension (West) Vein 12.44 grams/tonne ("g/t") Weighted Average ----------------------------------------------------- Sample Number Au (ppm) Sample Weight (kg) ----------------------------------------------------- 55064 5.36 19.09 ----------------------------------------------------- 55068 5.24 18.10 ----------------------------------------------------- 55069 34.90 19.08 ----------------------------------------------------- 55071 3.26 17.75 ----------------------------------------------------- Nugget Extension (East) Vein 2.02 grams/tonne ("g/t") Weighted Average ----------------------------------------------------- Sample Number Au (ppm) Sample Weight (kg) ----------------------------------------------------- 55063 0.48 18.87 ----------------------------------------------------- 55065 2.65 21.57 ----------------------------------------------------- 55066 5.02 18.09 ----------------------------------------------------- 55067 0.13 20.35 -----------------------------------------------------
Assays were performed by ALS Chemex Division (
As noted above, high-grade samples were encountered in the Baseline vein (No. 55059 at 45.4 g/t Au) and in the Nugget Extension (West) vein (No. 55069 at 34.9 grams/tonne Au).
Thus, when combined with 96 previously reported assays from the Baseline vein (press releases dated
About Q-Gold Resources Ltd. ---------------------------
Q-Gold is a Canadian-based mineral exploration company currently exploring for precious and base metals and platinum group elements on its 30,000+ acres of Ontario holdings in the historic Gold Camp at Mine Centre, including 5 historic gold mines. It also has options on 4,796 exploratory acres in Ontario's Rainy River Greenstone Belt. In addition, the Corporation holds options on seven historic gold and silver mines in the historic Arizona gold camp of Crown King, and two prospective copper porphyries and one copper/zinc prospect in Arizona.
For all future Q-Gold investor relations needs, investors are asked to visit the Q-Gold IR Hub at http://www.agoracom.com/IR/Q-Gold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to email all questions and correspondence to [email protected] where they can also request addition to the investor email list to receive all future press releases and updates in real time.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Corporate Inquiries: Q-Gold Resources Ltd., J. Bruce Carruthers II, President, 1-888-779-0166, http://www.qgoldresources.com; Investor Relations: AGORACOM Investor Relations, http://www.agoracom.com/IR/Q-Gold, [email protected]
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