Business
Q-GOLD UPDATES MINE CENTRE, ONTARIO OPERATIONS AND APPOINTS NEW DIRECTOR
Q-GOLD UPDATES MINE CENTRE, ONTARIO OPERATIONS AND APPOINTS NEW DIRECTOR
About this update from Q-gold Resources Ltd
[{"type":"text","content":"\n\n\n\n Sep. 10, 2010 (Canada NewsWire Group) -- \n\nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nSEC 12g 3-2(b) Exemption No. 82-4931\n\nFORT FRANCES, ON, Sept. 10 /CNW/ - Q-Gold Resources Ltd. (TSX VENTURE: QGR) (http://www.qgoldresources.com) announced today that it has initiated the second phase of delineation drilling on the Company's 100% owned Foley Gold Mine Complex near Mine Centre, Ontario. A rig from Rainy Lake Tribal Contracting, which also provided the rig for Phase One, arrived on location on Tuesday, September 7th. Phase Two will consist of the targeted drilling of approximately 1,875 metres of "NQ" core into the gold-bearing "Jumbo" and "Bonanza" veins in a series of 2-3 "fan holes" with each fan drilled from a single location. These holes are designed to confirm the presence of the veins and determine the gold and silver grades. The veins are indicated on the 400' level of historic mine maps produced during mine development activities in the 1920's.\nPhase One of the delineation drilling program at the Foley was completed in August, resulting in the drilling of ten holes for a total of 1,258 metres. Phase One targeted the gold-bearing "Jumbo", "West" and "Goldpanner" veins, the latter two having been indicated on the 400' level of historic mine maps. Drill core samples from Phase One have been sent to TSL Laboratories in Saskatoon, Saskatchewan for assay, with results anticipated later this month.\nThe Company also announced the appointment of John Campbell to the Board of Directors, effective September 3, 2010. Pursuant to the Company's Stock Option Plan, the Board approved the award of 900,000 stock options to Directors and one Officer, exercisable at a price of $0.185 per share for a period of five years.\nThe technical content of this release was reviewed and approved by Delio Tortosa, P.Eng., a Qualified Person as defined by National Instrument 43-101.\n\n\n >\n\nQ-Gold is a Canadian-...