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Q-GOLD / UPPER CANYON JOINT VENTURE EXTENDS HIGH-GRADE MINE CENTRE, ONTARIO GOLD-SILVER ZONE
Q-GOLD / UPPER CANYON JOINT VENTURE EXTENDS HIGH-GRADE MINE CENTRE, ONTARIO GOLD-SILVER ZONE
About this update from Q-gold Resources Ltd
[{"type":"text","content":"\nQ-GOLD / UPPER CANYON JOINT VENTURE EXTENDS HIGH-GRADE MINE CENTRE, ONTARIO GOLD-SILVER ZONE\n\n\n Oct. 28, 2009 (TheNewswire.ca) -- SEC 12g 3-2(b) Exemption # 82-4931Fort Frances, Ontario, October 28, 2009 - Q-Gold Resources Ltd. (TSXV:QAU) (TSX VENTURE:QAU)(FRANKFURT:QX9)(http://www.qgoldresources.com) is pleased to announce on behalf of its Joint Venture with Upper Canyon Minerals Corp. (TSXV:UCM) (TSX VENTURE: UCM), the results of a 12-hole, 1,231meter diamond drill program on their \"Nipigon Area\" Joint Venture Property located near Mine Centre, Ontario. The companies recently formed a $1.2 million option / joint venture agreement (refer to October 1, 2009 Press Release), covering 2,467.7 acres of gold prospects at Mine Centre.The Phase I program consisted of 12 \"fan\" holes drilled from 5 closely spaced (15m) locations, utilizing NQ2 - thin wall sized core. The program evaluated and confirmed the northwest extension of the Mckenzie-Gray quartz veined shear zone and related gold, silver and base metal mineralization between 15 and 60 meters northwest of an historic open cut. The McKenzie-Gray vein had been the subject of a 27-ton bulk sample taken in 1984 and diamond drilling in 1992 by the previous owners (see Q-Gold press release dated August 18, 2009). Phase I results successfully confirmed and extended the mineralized zone indicated by previous drilling.DRILLING RESULTSAll 12 holes intersected the McKenzie-Gray shear zone. The program extended the mineralized portions of the vein an additional 60 meters to the northwest and to a 100 meter vertical depth, for a known total mineralized strike of 150 meters. Mineralization associated with the McKenzie-Gray vein widens at depth over a core width of 11.2 meters at a distance of 30 meters from the historic open cut. This compares favorably to the 1-2 meter wide vein that was bulk sampled on surface. The drilling has delineated a well-mineralized shoot which plunges 45°-50° to the northwest. The structure remains open in all directions.The McKenzie-Gray Vein was intersected in Hole QMG09-04 over a core width of 5.5 meters and yielded 11.39 g/t Au and 43.69 g/t Ag. This well mineralized interval includes two samples that contain visible gold.Hole QMG09-05 intersected the McKenzie-Gray Vein which returned 16.68 g/t Au, 20.80 g/t Ag and 2.06% Zn over a core width of...