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High Grade Gold Results & Drill Program at Mine Centre |
MORE HIGH GRADE GOLD VALUES PLUS 12 HOLE DRILL PROGRAM
FOR Q-GOLD AT MINE CENTRE, ONTARIO
SEC 12g 3-2(b) Exemption # 82-4931
Fort Frances, Ontario, September 15, 2009
Q-Gold Resources Ltd. (TSX VENTURE:QAU) (FRANKFURT:QX9) (http://www.qgoldresources.com)
is pleased to announce that it has received more high-grade gold results from trenching and sampling on three of the gold/ quartz veins in the extensive vein complex at Mine Centre, Ontario where the Company holds over 30,000 contiguous acres. The Company also announced that a 12-hole diamond drilling program has commenced on the McKenzie Gray gold/ quartz vein (press release dated August 18, 2009) in gold/ sulfide mineralization drilled by the previous owners in 1992. Five sections of fan holes of varying lengths each are targeted to attempt to reach several gold-bearing zones at a maximum hole depth of 150 metres.
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 (Vancouver) of ALS Canada Ltd., using the Au- AA 26 procedure.
As noted above, high-grade samples were encountered in the Baseline vein (#55059 at 45.4 g/t Au) and in the Nugget Extension (West) vein (#55069 at 34.9 grams/ tonne Au).
Thus, when combined with 96 previously reported assays from the Baseline vein (press releases dated June 18, July 22 and July 30, 2009) the total 110 samples taken from the Baseline vein in a 1 metre by 1 metre grid “mini-bulk sample” produced a weighted average gold value of 8.51 grams/ tonne. Two drill locations have been recently established on the Baseline for future core drilling to establish the presence of the vein at depth. As the exposed 100 metre strike length of the Baseline vein has considerable vertical topographic relief of over 100 metres, it may become a candidate for future surface mining.
Kevin Leonard, P.Geo., is the Qualified Person as defined under NI 43-101 who took the samples and prepared them for assay. He has reviewed and approved the technical content of this press release.
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 QAU@agoracom.com 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 form 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.
