CMQ Announces Approval of Plan of Operations for Red Canyon Property
26 Julio 2011 - 6:10PM
PR Newswire (Canada)
CALGARY, July 26, 2011 /CNW/ -- /NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, July 26, 2011 /CNW/ - CMQ Resources Inc. (TSXV: NV)
("CMQ") is pleased to report that CMQ's subsidiary Montezuma Mines
Inc. ("Montezuma") has received approval of the Red Canyon
Exploration Plan of Operations ("PoO") from the Bureau of Land
Management. Under the PoO Montezuma proposes to conduct
exploration related activities in a phased manner that will create
approximately 125 acres of total disturbance over the life of the
project. The proposed Phase I exploration will create
approximately 29.6 acres of disturbance. The Permit for
Reclamation has been received from the State of Nevada, Division of
Environmental Protection, effective July 25, 2011. A bond of
$140,000 providing coverage for operations at Red Canyon has been
accepted by the BLM. Montezuma plans to begin the drilling in
August 2011 at Red Canyon of approximately 6,000-8,000 feet
(1830-2440 meters) in 7 holes using reverse-circulation methods.
This phase of drilling will focus on a 1,660-foot long SE-trending
fault corridor in a portion of the Ice target zone. The
northwest end of this corridor is anchored by core hole MR09-05C
and the southeast end by reverse circulation hole MR10-01.
This corridor has not previously been drill tested.
_________________________________________________________________
|Drill Hole|Intercept-ft|Length-ft |oz Au/t|Length-m|g Au/t|
|__________|____________|_________________|_______|________|______|
|MR09- |0 - 130 |119 |0.152 |36.3 |5.25 | |05C | |(11 ft no
sample)| | | |
|__________|____________|_________________|_______|________|______|
| includes|56 - 95 |39 |0.281 |11.9 |9.64 |
|__________|____________|_________________|_______|________|______|
|MR10-01 |775 - 795 |20 |0.050 |6.1 |1.714 |
|__________|____________|_________________|_______|________|______|
| |965 - 985 |20 |0.086 |6.1 |2.949 |
|__________|____________|_________________|_______|________|______|
At its North and South Sleeper projects, Montezuma has collected
1,331 and 1,704 soil samples, respectively, that have been analyzed
for gold, multi-elements and low-temperature mercury. Soil
gas CO2/O2 and hydrocarbon surveys have been completed at both
projects. Ground magnetic surveys covering 81 line-km at
North Sleeper and 103.4 line-km at South Sleeper have also been
conducted. IP surveys covering 19.8 line-kms including 1 sq
km of a gradient array survey at North Sleeper and 26.4-line km at
South Sleeper have been completed. At North Sleeper 475
detailed gravity stations have been surveyed. All of the
above geochemical and geophysical data is currently being
integrated into models that will be used for drill hole targeting.
John Hogg, Chief Executive Officer, CMQ Resources Inc., is the
qualified person, as defined by National Instrument 43-101, who has
reviewed and verified the data disclosed in this press release. The
TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. To view this
news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/July2011/26/c7707.html p
please contact John Hogg, Chief Executive Officer, CMQ Resources
Inc. 775-778-3693 /p
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