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Q-Gold is committed to the exploration and reactivation of the historic gold camp at Mine Centre, Ontario, where the Company owns (100%) over 32,000 contiguous acres of Archean Greenstone Belt gold mining claims and leases.
Also, the Company recently acquired options on gold and silver properties near Crown King, Arizona (click here to read Press Release), as well as over 7,500 acres of gold mining claims in the Rainy River Mining District of Northwestern Ontario.
The Mine Centre properties, which are relatively unexplored, contain five historical gold mines including two that combined, produced over 16,000 ounces in the late 19th and early 20th Centuries. These properties represent the first cohesive exploration land package ever assembled in the area, where the Company is also implementing a modern exploration program.
Management believes that, based on geological, structural and mineralogical similarities and the many recorded gold occurrences on surface and at depth, the Mine Centre properties have significant potential to host a modern world class gold camp similar to those found at Red Lake and Kirkland Lake, Ontario, where total combined gold production exceeds 47 million ounces.
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Q-Gold's efforts are therefore dedicated to that end, through a comprehensive, well-funded exploration program and the re-opening and re-entry of the Foley Gold Mine, located within its Mine Centre Properties
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