FLAGSTAFF, AZ, Feb. 20, 2013 /CNW/ - Q-Gold Resources Ltd. (the
"Company") (TSX VENTURE: QGR) (http://www.qgoldresources.com) announced today that, as requested, it has resubmitted its Plan of
Operations to the Forest Service for a permit to drill the Company's
"A" anomaly on its "Green Mohave 2" mining claim near Crown King,
Arizona. The Company hopes to have all necessary approvals to begin
drilling the "A" Anomaly sometime in March.
Based upon a helicopter time domain electromagnetics (VTEM) and
magnetics survey flown over the area by Geotech Ltd. (Aurora, Ontario)
in late 2011 and a follow-up ground hybrid magnetotellurics ("MT")
geophysical survey over the "A" Anomaly last fall, the Company has
spotted six exploratory diamond core holes from 2 drill pads. These
drill holes will attempt to penetrate the highly conductive zone in the
700 metre long anomaly, which, as indicated in the MT survey, appears
to extend from near the surface to a depth of at least 400 metres.
Moderate conductivity then extends further down to about the 850 metre
The "Green Mohave 2" mining claim contains a 200 metre high ridge, which
is parallel to two adjoining ridges, each of which contains an historic
silver mine where high-grade silver ore was produced in the 1890-1900
era. These are the Peck and Black Warrior silver mines, both under
option to the Company. A "chip sampling" program by the Company across
mineralized vein faces in adits and stopes of the Black Warrior Mine
(see press release dated January 12, 2012), yielded gold assays of 0.11
to 1.1 oz./ ton. High-grade silver assays ranging from 49.3 to 237.4
oz./ton, as well as significant amounts of zinc, lead and antimony were
also encountered. Low silver prices at the turn of the century,
combined with two World Wars ended all mine production in the area.
As, according to the geophysics, the "A" Anomaly does not quite reach
the surface, it went unnoticed to prospectors in the area until
Q-Gold's recent geophysical activities. The MT survey revealed very
low resistivities (less than 25 to 30 ohm-metres), indicating
conversely high conductivities in the first 400 metres of the indicated
tabular body. Combined with the high conductivity characteristic of
silver, and the structural similarity to the two adjoining historic
silver mines, this suggests that a third silver trend might possibly be
uncovered by the drill program.
Twelve other airborne anomalies, the majority of which have been
acquired by the Company, await further investigation, principally by
ground geophysics and geochemical surveys in the Company's current
exploration program at Crown King.
The technical content of this release was reviewed and approved by James
C. Hasbrouck, PGp, a "Qualified Person" as defined by National
About Q-Gold Resources Ltd.
Q-Gold is a Canadian-based mineral exploration company currently
exploring for precious and base metals on its Ontario holdings in the
historic Gold Camp at Mine Centre, including 5 historic gold mines. In
addition, the Corporation holds options on a number of historic gold
and silver mines in the historic Arizona gold camp of Crown King.
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.
SOURCE: Q-Gold Resources Ltd.
For further information:
J. Bruce Carruthers II, Chairman at 1-888-779-0166 or firstname.lastname@example.org,