SEC 12g 3-2(b) Exemption # 82-4931
FORT FRANCES, ON,
Feb. 9 /PRNewswire-FirstCall/ -
Q-Gold Resources Ltd. (TSX VENTURE: QGR)
(http://www.qgoldresources.com) is pleased to announce the results
of drill holes QMG10-07 to QMG10-12 of its diamond core drilling
program on its 93% owned McKenzie Gray gold/silver discovery near
Mine Centre, Ontario. In the fall
of 2010, Q-Gold completed a Phase II diamond-drilling program on
the McKenzie Gray property consisting of 18 drill holes totaling
2,612 metres.
Highlights of drill holes QMG10-07 to QMG10-12
on McKenzie Gray include 3.45 metres of 112.49 g/t silver,
including 1.1 metres of 295.69 g/t silver (QMG10-10); 0.15 metres
of 82.82 g/t gold (QMG10-07) and 0.85 metres of 10.41 g/t
gold, 156.15 g/t silver and 4.46% zinc (QMG10-12).
The company is very pleased with its recent
achievements on McKenzie Gray and is looking forward to further
exploration and the possible extension of this high-grade gold and
silver system in Phase III.
Assay results for the remaining drill holes are
forthcoming.
Drilling Results
Q-Gold Resources Ltd. completed the above
18-hole Phase II diamond-drilling program on the McKenzie Gray
property in November of 2010. It was designed to follow-up on the
successful 2009 drill program (see press release dated October 28, 2009), which identified significant
gold, silver and zinc mineralization. The 2010 drill program
consisted of 5 shallow dipping drill holes (-40o) to
test the mineralized zone near surface (QMG10-14 to 18). The other
13 drill holes (QMG10-1 to 12) tested the mineralized zone to a
depth of 150 metres. The new drilling was completed on the same
cross-sections as the 2009 drill holes, spaced at 15 metre
intervals.
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| DDH |
From |
To |
Length |
Au g/t |
Ag g/t |
Cu % |
Pb % |
Zn % |
Description |
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| QMG10-07 |
106.60 |
106.75 |
0.15 |
82.82 |
14.00 |
0.30 |
0.03 |
0.01 |
Mineralized Quartz Vein |
| QMG10-07 |
132.95 |
136.65 |
3.70 |
0.20 |
33.92 |
0.01 |
0.01 |
0.01 |
Quartz Rich Zone |
| QMG10-07 |
138.95 |
142.35 |
3.40 |
0.04 |
30.03 |
0.01 |
0.02 |
0.01 |
Quartz Rich Zone |
| QMG10-07 |
144.10 |
151.15 |
7.05 |
0.28 |
77.78 |
|