Business & Finance
Business and Finance
Business and Finance
Tue, October 13, 2009 NQ Exploration Inc.: NQ Exploration to Start a 3,000-Metre Drill Program on the Carheil Property
LAVAL, QUEBEC--(Marketwire - Oct. 13, 2009) - NQ Exploration Inc. (TSX VENTURE:NQE) is pleased to announce that a second drilling program is scheduled to start in late October on its Carheil project in the northern Abitibi region of Quebec. An initial program last February revealed a spectacular increase at depth in the thickness and intensity of alteration of the mineralized zones containing copper and zinc stringers. Numerous other volcanogenic massive sulphide proximality vectors were also observed in the deepest holes (see press release dated April 24, 2009).
The next program is designed to test the two mineralized zones at vertical depths of between 400 and 700 metres while also testing their extensions along strike to the northwest. In all, NQ plans to drill about 3,000 metres, with in-hole geophysical surveying as needed.
The project lies in Brouillan Township in the Abitibi region of Quebec, 5 km southwest of the Rio Algom Limited's old Selbaie mine (historical production of 44 million tonnes grading 1.05% copper, 1.98% zinc, 32.1 g/t silver and 0.47 g/t gold), in a very similar geological setting. Access is facilitated by a broad network of logging roads connecting the property to the towns of Amos, La Sarre and Matagami. NQ Exploration Inc. owns 100% of the property, which consists of 32 claims covering 512 hectares and is free of any royalties.
Jacquelin Gauthier, a geological engineer, Vice President, Exploration and a qualified person under Regulation 43-101 respecting standards of disclosure for mineral projects, has reviewed and approved the technical content of this press release. Mr. Gauthier will supervise any work to be done on the property.
ABOUT NQ EXPLORATION INC.
NQ Exploration Inc. is a new mining exploration company with a solid portfolio of 15 mining properties in the James Bay and Abitibi regions of Quebec. NQ Exploration Inc. is betting on Quebec's excellent mineral potential and favourable investment climate to produce new world-class gold, base metal and uranium deposits.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements subject to risks and uncertainties. There is no assurance that such statements will prove to be accurate, and actual results and future events may differ considerably from those anticipated by such statements. Such risks and uncertainties are described in the quarterly management discussions and analyses and documents filed with regulatory authorities by NQ Exploration Inc. NQ Exploration Inc. does not undertake to publicly update or revise forward-looking statements on the basis of new information or future events or for any other reason.
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.
