NQ Exploration Inc.: Work Planned for the Duncan Ouest Project
29 Septiembre 2011 - 7:30AM
Marketwired
NQ Exploration Inc. (TSX VENTURE: NQE) is pleased to report that
its partner on the Duncan Ouest project, Murray Brook Minerals Inc.
("MBM"), is set to begin preliminary field work under an agreement
whereby it can earn a 50% interest in the project.
MBM must invest a minimum of $1,400,000 over three years to earn
its interest, including $600,000 before the first anniversary of
the agreement (see press release dated February 17, 2011). The
preliminary field program will consist of mapping and sampling,
along with any other work deemed necessary to begin the next phase
of work. MBM has budgeted $50,000 for this first phase of
exploration.
The Duncan project is located in the James Bay territory of
Quebec, approximately 35 km south of the town of Radisson. The
property consists of 139 map-designated claims divided into two
blocks that cover a total area of 71.17 km2.
The geologists' interest was attracted by geological
reconnaissance and prospecting work done in the summer of 2008,
which identified a sericite carbonate schist that returned
anomalous gold, silver and zinc grades (grab sample #69608: 3.45
g/t Au, 1.4 g/t Ag and 381 ppm Zn), as well as a copper showing
grading 4.6% Cu (grab sample). While preliminary, the geological,
geochemical and geophysical data indicates a favourable setting for
the discovery of volcanogenic copper-zinc mineralization and
orogenic-type gold deposits.
Exploration NQ is also pleased to announce the launch of its new
website, www.nqexploration.com, providing information on the
company and its properties. Visit the website to find out more.
Pierre O'Dowd, geologist and Vice President, Exploration of NQ
Exploration, has reviewed the technical content of this press
release. Mr. O'Dowd is a qualified person under Regulation 43-101
respecting standards of disclosure for mineral projects.
ABOUT NQ EXPLORATION INC.
NQ Exploration Inc. is a mining exploration company with a solid
portfolio of 11 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 and base metal deposits.
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.
Contacts: David Grondin President and Chief Executive Officer
(514) 206-7727 www.explorationnq.com
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