CALGARY, Nov. 30 /CNW/ - CMQ Resources Inc. (CMQ:TSXV) has written-off
its entire Investment in Resources Properties, totalling $10,719,187. The
write-down reflects the decision not to pursue further exploration on either
of its Montezuma or Vasquir properties.
CMQ has completed its 2007 exploration drilling program with
disappointing results. Based on the drilling results and assays received, CMQ
has determined that it will not be pursuing further exploration on either of
its two properties - Vasquir and Montezuma - in the Crescent Valley, Nevada.
CMQ will perform various check assays and other follow-up activities in order
to get its database completely up to date, with a view to exploring the
possible sale or joint venture of one or both of its properties. There is, of
course, no assurance that any sale or joint venture opportunities will be
available, either at all or on acceptable terms
CMQ has filed to SEDAR its Financial Statements and Management Discussion
and Analysis for the Period Ended September 30, 2007.
For further information:
For further information: Martin A. Lambert, Chief Executive Officer, CMQ
Resources Inc., Tel: (403) 298-3105, E-mail firstname.lastname@example.org or visit