| | Publié le 06 mai 2011 | Q-Gold ANNOUNCES CROWN KING, ARIZONA SILVER JOINT-VENTURE WITH CAVAN VENTURES INC. |
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Q-GOLD RESOURCES LTD.
c/o Mineral Creek Resources Inc.
Bank of America Building
Suite 508, 121 East Birch Avenue
Flagstaff, Arizona 86001
Ph: (928) 779-0166/ Fax: 779-0107
www.QGoldResources.com |
Q-GOLD RESOURCES LTD. ANNOUNCES CROWN KING, ARIZONA SILVER JOINT-VENTURE WITH CAVAN VENTURES INC.
SEC 12g 3-2(b) Exemption # 82-4931
Flagstaff, Arizona May 5, 2011
Q-Gold Resources Ltd. (TSX VENTURE: QGR) ("Q-Gold") (http://www.qgoldresources.com) announced today that it has entered a Mining Option Agreement with Cavan Ventures Inc. (TSX VENTURE: CVN) ("Cavan") (http://www.cavanventures.com) whereby Cavan has obtained a 18-month option to earn a 65% participating interest in a prospective Arizona silver joint venture with Q-Gold. The joint venture will contain Q-Gold's holdings of 3 patented historic silver mines and 22 adjoining U.S. Bureau of Land Management ("BLM") mining claims in the Peck Mining District of Yavapai County, Arizona, totalling 484 acres. The Peck District is famous for its historic high-grade silver production, having produced an "official" 1,374,000 ounces from 1875 to 1910.
By meeting its obligations in U.S. Dollars during the 18-month Option Period, including cash payments to Q-Gold of $275,000, work expenditures of $1,000,000 and issuance of Cavan shares to Q-Gold worth $300,000, Cavan will earn a 65% participating interest in the Joint Venture. During the Option Period, Q-Gold will be Operator for the undertaking.
As noted above, the joint venture area contains 3 high-grade historic silver mines and a number of BLM claims highly prospective for silver, yet it has never experienced modern mining exploration techniques. Therefore, the venture will initially launch a helicopter-based VTEM / Magnetic airborne geophysical survey which will attempt to delineate anomalies which will indicate potential remaining ore bodies and possible drilling sites within the complex.
Q-Gold CEO John Campbell remarked "With silver prices at recent record highs, I look forward to initiating modern joint exploration activities this summer with Cavan at Crown King, in the historic silver-producing Peck Mining District of Arizona."
The historical references contained in this release have been examined by a qualified person under NI 43-101 but have not been verified and therefore cannot be relied on for any purpose. Brian A. Beck, PG a qualified person under NI 43-101 has reviewed and approved the technical content of this release.
The mining Option Agreement is subject to the approval of the TSX-Venture Exchange.
About Q-Gold Resources Ltd.
Q-Gold is a Canadian-based mineral exploration company currently exploring for precious and base metals on its 26,000 acres of Ontario holdings in the historic Gold Camp at Mine Centre, including 5 historic gold mines. In addition, the Corporation holds options on historic gold and silver mines in the historic Arizona gold camp of Crown King, and copper prospects in eastern and western Arizona.
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.
CONTACT INFORMATION
Corporate Inquiries
Q-Gold Resources Ltd.
J. Bruce Carruthers II, Chairman
1-888-779-0166
http://www.qgoldresources.com
FOLLOW US ON
Forward-looking statements relating to future events or future performance and reflecting First Star Resources or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Petro Horizon to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in First Star Resources interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although First Star Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.
NEITHER 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." | |
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Q Gold Resources | #508 - 121 East Birch Avenue | Flagstaff | AZ | 86001 |
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Cavan Ventures Inc.
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EXPLORATEUR |
CODE : CVN.V |
ISIN : CA1495491070 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Cavan Ventures est une société d’exploration minière basée au Canada. Ses principaux projets en exploration sont KISGEGAS et KASLO (EMERALD) au Canada. Cavan Ventures est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,5 millions CA$ (1,1 millions US$, 1,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 15 février 2008 à 0,44 CA$, et son plus bas niveau récent le 12 février 2016 à 0,01 CA$. Cavan Ventures possède 73 940 000 actions en circulation. |
Financements de Cavan Ventures Inc. |
Projets de Cavan Ventures Inc. |
Communiqués de Presse de Cavan Ventures Inc. |
02/07/2016 | June 23, 2016 - Ashburton Intersects 88.0 Meters Averaging 3... |
10/06/2016 | June 6, 2016 - Cavan Ventures Inc. Transfered to the NEX |
14/04/2016 | April 14, 2016 - Cavan Ventures Announces Extension of Priva... |
22/12/2015 | Dec 14, 2015 - 148 Metres of Graphite Mineralization at Buck... |
22/12/2015 | Dec 22, 2015 - Outcrop Sampling From Buckingham, Discovery o... |
22/12/2015 | Dec 15, 2015 - Cavan Appoints New Board Member |
22/12/2015 | Dec 10, 2015 - 2nd Hole Completed, 3d Hole Drilling...Inters... |
28/11/2015 | Nov 27, 2015 - Ashburton Commences Drilling at Buckingham |
15/10/2015 | Oct 15, 2015 - Cavan Announces Buckingham Option |
09/07/2015 | IIROC Trading Halt - CVN |
09/07/2015 | July 8, 2015 - Cavan Not Moving Forward With Caribou King Re... |
10/04/2015 | April 9, 2015 - Cavan Ventures Inc. Appoints New Board Membe... |
08/04/2015 | April 8, 2015 - Completes Mini-Bulk Sample + Awaiting Assay ... |
08/04/2015 | Completes Mini-Bulk Sample and Awaits Assay and Purity Resul... |
02/04/2015 | April 1, 2015 - Cavan Ventures Inc. Signs LOI To J.V. Its 10... |
01/04/2015 | Cavan Signs LOI to Joint Venture Its 100% Owned Buckingham G... |
20/03/2015 | March 20, 2015 - Cavan Ventures Inc. Announces Brisbane Resi... |
05/02/2015 | Cavan Enters Into a Non-Disclosure and Standstill Agreement ... |
27/11/2014 | November 27, 2014 - Enters Non-Disclosure & Standstill Agree... |
25/11/2014 | November 24, 2014 - Cavan Ventures Inc. Provides Corporate U... |
22/10/2014 | October 22, 2014 - Matthew Harvey as Director of R&D Further... |
16/10/2014 | October 16, 2014 - Eric Hughes former President of Chi Hemp ... |
16/10/2014 | October 15, 2014 - Cavan Announces Closing of Flow-Through P... |
26/08/2014 | Cavan Signs Agreement to Drill at Buckingham Graphite Proper... |
20/08/2014 | Cavan Retains GFSS for Land Negotations |
19/08/2014 | Cavan Appoints Jeff Beckwith, Executive of The HoneySpot, to... |
17/07/2014 | Cavan Receives New Calculation of Average Grades on its Buck... |
08/07/2014 | Cavan Receives Positive Trenching Assays at Buckingham Graph... |
17/06/2014 | Cavan Appoints Dr. Manju Sharma MD and Doctor of Naturopathy... |
03/06/2014 | Cavan Exposes Six Graphite-Rich Zones in Trenches at Bucking... |
27/05/2014 | Cavan Appoints Matthew Harvey CEO of BC Bud Depot to Advisor... |
22/04/2014 | Cavan Announces New Member to the Advisory Board to Advance ... |
03/04/2014 | Cavan Ventures Provides Corporate Update and Engages Robson ... |
25/03/2014 | March 25, 2014 - Cavan Ventures Investigates Agriculture, Me... |
25/03/2014 | Cavan Ventures Investigates Agriculture, Medicine and Real-E... |
24/09/2013 | Identifies 1,300 Meter and 300 Meter Long EM Conductors at B... |
17/09/2013 | Identifies Several Magnetic Features From Airborne Geophysic... |
13/08/2013 | Completes Geophysics at Cage Graphite Claims, Ontario |
31/07/2013 | Begins Geophysics at Cage Graphite Claims, Ontario |
23/07/2013 | Finalizes Acquisition of Cage Claims Next to Albany Graphite... |
08/07/2013 | Begins 2nd Phase of Exploration on the Buckingham Graphite P... |
18/06/2013 | Receives Results from Its Four Graphite Projects in Quebec |
15/05/2013 | Work Program Underway on Quebec Graphite Properties |
17/04/2013 | Increases Claim Position at Pythonga Lake, Quebec |
28/01/2013 | Reports Significant Overlimit Assays from the 2012 Program a... |
17/01/2013 | Announces Significant New Rare Earth Assays From 2012 Progra... |
03/01/2013 | First Phase of Pythonga Project Completed |
07/07/2011 | Announces High Grade Silver Assays at Arizona Joint Venture ... |
17/06/2011 | to Raise Funds for Crown King Arizona Silver Project |
07/06/2011 | Hires New Corporate Communication Consultant |
10/05/2011 | Enters LOI for Acquisition of Quebec Rare Earth Project, Pro... |
06/05/2011 | Q-Gold ANNOUNCES CROWN KING, ARIZONA SILVER JOINT-VENTURE WI... |
05/05/2011 | Announces Crown King Silver Option of Arizona With Q-Gold Re... |
12/04/2011 | Announces New President, CEO, and Director |
10/03/2011 | Acquires Option to 3 Silver Mines at Crown King, Arizona |
28/02/2011 | Closes Non-Brokered Private Placement |
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