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AGM Results and Foley Mine Update |
Q-GOLD UPDATES AGM RESULTS AND FOLEY DE-WATERING PROGRAM
SEC 12g 3-2(b) Exemption # 82-4931
Fort Frances, Ontario, September 29, 2008
Q-Gold Resources Ltd. (TSX VENTURE:QAU) (FRANKFURT:QX9) (http://www.qgoldresources.com)
announced that at its Annual General Meeting of Shareholders held in Calgary on September 18, 2008, all matters submitted for vote, as contained in the Management Information Circular, were passed.
Effective September 19, 2008, Henry M. Meixner announced his resignation from the Board. The Board of Directors now consists of J. Bruce Carruthers II, Eugene Chen, Mark Greasley, William F. Mudon, and Wayne G. Young.
The Corporation also announced that eight underground samples from the “Jumbo” Vein encountered at the de-watered 150’ level of the Foley Gold Mine near Mine Centre, Ontario. These include two mini-bulk samples of 67 and 57 pounds respectively, which have been sent for analysis to ALS Chemex to determine gold, silver and other metals content. Assay results will be announced when received from the laboratory.
De-watering activities at the Foley Mine have been suspended awaiting the procurement and installation of new equipment as required at depth. The Company will provide an update on the de-watering program once it resumes.
Kevin Leonard, P.Geo., Consulting Geologist, a Qualified Person as defined by NI 43-101, has reviewed and approved the technical disclosure contained in this press release.
Kevin Leonard, P.Geo., Consulting Geologist, a Qualified Person as defined by NI 43-101, has reviewed and approved the technical disclosure contained in 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 extensive Ontario holdings in the historic Gold Camp at Mine Centre of 32,585 acres, including 5 historic gold mines. It also has options on 4,796 exploratory acres in the Rainy River Greenstone Belt. In addition, the Corporation holds options on six historic gold and silver mines near Crown King, Arizona 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 e-mail all questions and correspondence to QAU@agoracom.com where they can also request addition to the investor e-mail 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. The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.
CONTACT INFORMATION
Corporate Inquiries
Q-Gold Resources Ltd.
J. Bruce Carruthers II President
1-888-779-0166
Website: www.QGoldResources.com
Investor Relations
AGORACOM Investor Relations
http://www.agoracom.com/IR/Q-Gold
QAU@Agoracom.com
