Q-Gold Resources Ltd.

Published : September 15th, 2009

More High-Grade Gold Values

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Keywords :   Canada | Copper | Diamond | Gold | Gold Mines | Platinum | Silver | Zinc |
September 15, 2009
Q-Gold Resources - Press Release


More High-Grade Gold Values Plus 12 Hole Drilling Program For Q-Gold At Mine Centre, Ontario


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 a12-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):




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.

CONTACT INFORMATION.

Corporate Inquiries Investor Relations
Q-Gold Resources Ltd.
J. Bruce Carruthers II, President 1-888-779-0166
http://www.qgoldresources.com

AGORACOM Investor Relations
http://www.agoracom.com/IR/Q-Gold
QAU@Agoracom.com

   
   
FEATURED LINKS

Q-Gold Resources Web Site

Q-Gold Resources IR HUB


   


Contact Us

.




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Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Q-Gold Resources Ltd.

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CODE : QGR.V
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Q-Gold Res. is a gold exploration company based in United states of america.

Q-Gold Res. holds various exploration projects in Canada.

Its main exploration properties are FOLEY, CROWN KING, RAY, TROY, PINAFORE and MINE CENTRE in Canada.

Q-Gold Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 891 450 as of today (US$ 712 761, € 668 712).

Its stock quote reached its highest recent level on October 30, 2009 at CA$ 9.61, and its lowest recent point on September 15, 2023 at CA$ 0.01.

Q-Gold Res. has 25 470 000 shares outstanding.

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Financings of Q-Gold Resources Ltd.
8/29/2012Revises Private Placement Terms
8/26/2011Announces Closing of Private Placement
8/18/2008Closes Over Subscribed Private Placement
6/26/2008Announces Agreement for Private Placement Financing
Project news of Q-Gold Resources Ltd.
3/14/2013(Crown King)Additional Exploration at Crown King
10/18/2012Encounters High-Grade Gold
9/22/2011(Mine Centre)Drilling Update
7/8/2011Q-Gold Announces High Grade Arizona Gold and Silver Assays
6/8/2011Q-Gold Announces 2011 Exploration Program for the Farewell a...
2/19/2010(Mine Centre)Joint Venture Explores Extension Of The Mine Centre Gold/ Si...
11/2/2009(Mine Centre)Extends high-grade Mine Centre
9/15/2009(Mine Centre)More High-Grade Gold Values
8/18/2009(Mine Centre)gold zone drilling program at Mine Centre, Ontario
7/31/2009(Mine Centre)More Gold Values From the Baseline Vein at Mine Centre
7/22/2009(Mine Centre)Additional Gold Assays at Mine Centre, Ontario
6/19/2009High-Grade Gold Assays at Mine Centre, Ontario
1/31/2008Updates Drilling Results
Corporate news of Q-Gold Resources Ltd.
2/20/2013(Crown King)Progress at Crown King, Arizona
1/18/2013s Operations
1/12/2012(Crown King)s Crown King Properties
5/3/2011Q-Gold Acquires Option on Historic Arizona Peck and Oriental...
4/28/2011Q-Gold Announces Intent to Option Platinum Properties
2/14/2011Q-Gold Announces Letter Agreement
12/14/2009Share Consolidation & New Trading Symbol
12/1/2009To Present at Agoracom Gold & Commodities Conference
6/11/2009Crown King, Arizona Gold Assays
9/29/2008Updates AGM Results and Foley De-Watering Program
8/26/2008Updates Foley De-Watering Program
5/27/2008 Options Arizona Base Metals Properties
3/26/2008Options Crown King, Arizona Gold/Silver Mines
2/1/2008Updates Exploration Programs
11/9/2007 Resources Press Release
8/27/2007Foley Gold Mine Rehabilitation Project
7/26/2007Acquires Additional Options on Patented Lands in Rainy River
7/19/2007Acquires Additional Prospective PGE and Copper/Nickel Acreag...
6/27/2007Prepares to Open Up Foley Gold Mine
5/31/2007Retains AGORACOM Investor Relations
2/20/2007Approval of Nipigon Gold Purchase/Mine Centre Exploration Up...
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