Analysis of the 2011 Summer Drilling Results on the Carheil Project
01 Diciembre 2011 - 10:56AM
Marketwired
NQ Exploration Inc. (TSX VENTURE:NQE) is pleased to report on the
final drill results from 2011 summer drilling at its Carheil
project. During the summer months, the Company drilled 5,133 metres
in 15 holes (C2011-18 to CA2011-32; CA2011-23 was abandoned before
reaching the target). These holes tested the silver zone between
surface (CA2011-18) and the 600-metre level (CA2011-24), with most
of the holes drilled above the 400-metre level.
The main target of this drilling was the Ag1 zone, but, as
felsic units are typically strongly altered and mineralized in
sulphides (primarily pyrite, sphalerite, chalcopyrite and galena),
most of the holes traversed most or all of the zone (120 to 180
metres true width). The typical alterations are silicification and
sericitization (possibly albitization) in the upper half of the
unit (with zinc, galena and silver) and chloritization in the lower
half (with copper, zinc and gold). The felsic unit remains open in
all directions, and continues to show intense alteration.
The drilling showed that the silver mineralization is present
from surface (under some 20-30 metres of overburden) down to the
600-metre maximum vertical depth reached to date. Near surface, Ag1
zone grades are lower but zinc grades and thickness are
significantly higher, for a metal factor (grade X thickness)
equivalent to that seen more at depth, where silver values are
higher but zinc grades fall and true thickness is generally
smaller.
While the Ag1 zone did not return high grades in all the holes,
it is almost always identifiable by anomalous values of Ag, Zn and
Pb. In this sense, the continuity of the Ag1 zone is fairly
remarkable and its geometry is straightforward: it occurs as a N116
degrees -striking panel with a steady dip of 62 degrees south and
an average thickness of about 6 metres. This average thickness can
vary considerably depending on the cutoff grade used. The
boundaries of the Ag1 zone are not well-defined and depend more on
grade, with its hangingwall and footwall almost always mineralized.
NQ has only drilled along a strike length of about 300 metres, with
the highest density of holes lying within a 200-metre stretch.
While the Nordest showing generally lies in a VMS (volcanogenic
massive sulphide) setting with many of the holes showing the
occurrence of massive to semi-massive pyrite near the top of the
felsic unit, the origin of the precious metals (Ag and Au) remains
unclear, as there is no direct association between the sulphides
and the precious metals, nor any shear zone associated with the
mineralization. The deposition model for the Ag1 zone, which is
generally tabular and subconcordant with the stratigraphy, has
therefore not yet been determined.
In addition to the Ag1 zone, which was intersected about 40
metres into and near the top of the felsic unit, the holes
intersected other, likely parallel zones that returned good gold,
copper and silver grades. Additional drilling is needed to outline
and characterize these zones.
The following table shows all the significant results obtained
by NQ Exploration since 2009. The final column on the right shows
the equivalent silver (eAg) grade calculated using the formula and
parameters found below the table.
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Hole From To Length Cu Pb Zn Au Ag eAg
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# m m m % % % g/t g/t g/t
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CA2009-01 186.16 189.16 3.00 0.03 0.03 1.70 0.19 34.20 76
---------------------------------------------------------------------------
CA2009-02 198.75 205.25 6.50 0.01 0.26 0.83 0.31 107.60 141
---------------------------------------------------------------------------
CA2009-04 213.00 217.5 4.50 0.01 0.08 0.32 0.08 170.70 177
---------------------------------------------------------------------------
CA2009-05 389.5 425.00 35.5 0.72 0.09 170.70 183
---------------------------------------------------------------------------
including 414.50 425.00 10.50 0.02 0.72 1.58 0.14 524.14 558
---------------------------------------------------------------------------
CA2009-06 511.50 513.00 1.50 0.02 0.18 0.50 0.82 85.20 138
---------------------------------------------------------------------------
CA2010-08 481.00 485.5 4.50 0.01 0.05 0.26 0.05 60.30 67
---------------------------------------------------------------------------
CA2010-09 567.00 589.00 24.00 0.01 0.22 0.47 0.18 160.00 178
---------------------------------------------------------------------------
including 567.00 574.25 7.25 0.64 0.15 257.90 269
---------------------------------------------------------------------------
CA2011-11 484.85 488.45 3.60 0.04 1.14 2.71 0.27 89.70 173
---------------------------------------------------------------------------
CA2011-13 583.5 585.15 1.65 0.02 0.26 0.93 1.19 204.10 282
---------------------------------------------------------------------------
605.0 611.2 6.2 0.46 3.74 38.80 238
---------------------------------------------------------------------------
CA2011-14 341.00 348.00 7.00 0.01 0.32 0.87 0.26 231.70 260
---------------------------------------------------------------------------
CA2011-15 484.70 491.00 6.30 0.02 0.35 0.81 0.24 281.10 307
---------------------------------------------------------------------------
CA2011-17 129 131.7 2.7 0.73 0.02 1.51 0.18 82.3 168
---------------------------------------------------------------------------
130.2 130.4 0.2 7.24 1.27 0.16 603
---------------------------------------------------------------------------
CA2011-18 48.00 64.00 16.00 0.00 0.23 0.68 0.00 89.8 103
---------------------------------------------------------------------------
CA2011-20 174.00 180.00 6.00 0.08 0.03 0.64 0.18 58.0 83
---------------------------------------------------------------------------
CA2011-21 310.50 319.50 9.00 0.00 0.24 0.80 0.19 210.0 232
---------------------------------------------------------------------------
CA2011-22 350.30 369.00 18.70 0.00 0.11 0.27 0.03 77.6 84
---------------------------------------------------------------------------
including 356.30 357.80 1.50 0.01 0.41 1.01 0.12 447.0 466
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CA2011-24 685.80 687.80 2.00 1.38 0.21 4.43 0.30 106.9 300
---------------------------------------------------------------------------
including 686.80 687.80 1.00 2.71 0.32 6.89 0.49 203.0 543
---------------------------------------------------------------------------
CA2011-25 276.00 277.50 1.50 0.01 0.08 0.40 0.49 82.9 115
---------------------------------------------------------------------------
CA2011-27 204.00 207.00 3.00 0.01 0.37 3.24 0.02 99.6 164
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CA2011-29 96.00 110.00 14.00 0.056 0.49 2.55 0.056 71.2 131
---------------------------------------------------------------------------
including 107.65 109.15 1.50 0.07 3.35 17.25 0.071 210.0 584
---------------------------------------------------------------------------
CA2011-30 228.20 243.20 15.00 0.016 0.24 2.52 0.023 33.1 84
---------------------------------------------------------------------------
(1) The lengths shown are core lengths. On the basis of current
information, true widths would be 75-85% of these lengths.
2 The eAg designation refers to "silver equivalent", which is
calculated using the following parameters: 1 oz/ton = 34.28
g/tonne; Copper = US $3.29/lb, Zinc = US $0.84/lb; Lead = US
$0.86/lb, Gold = $1,646/oz, Silver = $31/oz. This value is used as
a guide for exploration, and does not take into account
metallurgical recovery. It shows the value of a given metal in
terms of g/t Ag. Metals prices = market prices on October 18,
2011.
Silver equivalent (eAg) = (((%Cu x 20 x $3.29)+(%Pb x 20 x
$0.86)+(%Zn x 20 x $0.84)+(g/tAg/34.28)x $31+(g/tAu/34.28) x
$1,646)/$32)x 34.28
The Company is now preparing for its winter 2012 drilling
program, which will target the western extension of the Ag1 zone,
as well as its extension at depth below the 600-metre level. The
western extension appears to be enriched in zinc, while the
extension at depth seems to be enriched in precious metals. The
program will also test a gold zone at depth.
Assays were performed by the ALS Chemex laboratory in Val-d'Or,
Quebec and AGAT Laboratories in Mississauga, Ontario. All samples
are assayed using two methods: 1 - for gold, first by fire assay
with an FA-AA23 finish, then for results over 1 g/t rerun by fire
assay with AU-GRA21 gravity finish; 2 - for 35 elements using
multi-acid ICP (ME-ICP61), then for results over 50 ppm silver
rerun using fire assay Ag-GRA21, and/or over 10,000 ppm Cu/Mo/Pb/Zn
rerun using the ore grade method (OG46) with aqua regia digestion
and ICP-AES finish.
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, silver 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) 206-7727www.explorationnq.com
NQ Exploration Inc. (TSXV:NQE)
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