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QRS REPORTS ON BULK TESTING OF MATERIAL FROM OLD MINE WORKS AT JUDITH PROJECT, MEXICO

^{Published on 2011-04-06 05:40:31 - Market Wire}
 

THUNDER BAY, ON, April 6 /CNW/ - QRS Capital Corp. (the "Company") (TSXV: QRS) - Diego Benalcazar, President of QRS, is pleased to announce a bulk sample of stockpiled material extracted from underground workings on the Judith Property has been submitted for analysis.

Highlights:

• Sample consists of 160 tonnes of stockpiled material from the main drift of the excavation within the mineralized zone.
• Material has been transported to the Ing. Luis Escudero Chavez plant operated by the Recompensa Group in Hidalgo del Parral 230 km to the south of Chihuahua.
• Tests of the metallurgy, recovery and physical properties of the material will be carried out during the processing of the bulk sample.
• Soon after this first recovery test, a large sample of 3000 tons will be sent to the Dia-Brass Plant in Chihuahua for beneficiation. This twofold exercise will allow the Company to compare and control results coming out of the pilot test and the larger test by cross comparison of two different plants using the same flow process.

Bulk Sample
QRS has sent large bulk samples from Judith to Ing. Luis Escudero Chavez plant for analysis. The 160 tonne sample was taken from waste dumps and ore stock piles outside the main artisanal workings on the property which has historically been exploited by the original concession owner Mr. Francisco Soto. The sample consists of waste from the excavation of the main drift and ore shoot. The ore shoots are comprised of a fluorite/barite gangue with galena, pyrite and copper oxide mineralisation.  The high grade silver is concentrated in the galena rich zones of the vein.

The sample was delivered to the "Ing. Luis Escudero Chavez" plant which is operated by the Recompensa Group in Hidalgo del Parral 230 km to the south of Chihuahua.  It will be processed in two stages.  The material will pass first through the crushing circuit producing a ½ʺ feed for the ball mill.  After passing through the ball mill the feed will be about 70% -200 mesh and 6% +100 mesh.  From there it will pass to the flotation circuits which contain a solution of 10% Xantato-350.

The company is awaiting the assay and report which will contain information about the metallurgy and recovery rate of the sample and physical properties of the sample that has been submitted.  The Company is very pleased to be in position to obtain this type of information at such an early stage in the exploration program.

About Judith Project
The Project comprises six mineral concessions covering 554 hectares.  Recent work on the property has confirmed the presence of high grade ore shoots which appear to be related to multiphase intrusive episodes filling pre-existing faults. The main rock type in the area is a mixture of greywackes, phylittes and shales, probably representing a flysch type deposit with the presence of some turbidites.  The rocks are highly deformed and contain trace fossils indicating a continental shelf environment.  Greenschist grade alteration is present over the whole area with evidence of local superheated steam venting and possible breccia chimneys. 

Further exploration will help elucidate the model postulated for the area.  At present the model being used for the mineralization is that of a Carbonate Replacement Deposit (CRD), the most common type of economic deposit in the Chihuahua basin.

The above information has been prepared under the supervision of Pippa Jeffcock, a chartered geologist and member of the Geological Society of London, who is designated as a Qualified Person as defined by NI-43-101 with the ability and authority to verify the authenticity and validity of the data.

Quality Control and Assurance
Samples are sealed on the property and driven directly to the ALS CHEMEX laboratory in Chihuahua, Mexico for preparation. Samples pulps of 80 mesh are shipped by ALS Chemex to its laboratory in Canada, for gold Fire Assay, silver and multi-element ICP analysis.

About QRS Capital Corp.
QRS is a mineral exploration company that holds an 80% beneficial interest in the Judith Property which consists of six mining lots and concessions located in the City of Aldama, Chihuahua State, Mexico and is entitled to 70% of any net profits from the Judith Property. QRS also holds an option to purchase the remaining 20% beneficial and legal interest in the Judith Property.  QRS is actively seeking additional exploration stage copper and gold properties in South America, particularly in Colombia, Brazil, Chile and Ecuador.

ON BEHALF OF THE BOARD OF DIRECTORS

"Diego Benalcazar"
Diego Benalcazar
President

Forward Looking Statements
This Company Press Release may contain certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

Neither 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.