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Market: TSX-V
Sector: Platinum & Precious Metals
EPIC: NQE
Latest Price: 0.02  (0,00%)
52-week High: 0.04
52-week Low: 0.01
Market Cap: 1.23M
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NQ Exploration Inc
en.nqexploration.com

NQ Exploration Inc. is a 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.

Full NQ Exploration Inc profile here
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NQ intersects two strong gold zones at Lac Shortt

18th Aug 2011, 2:12 pm by Deborah Sterescu
NQ intersects two strong gold zones at Lac Shortt

NQ Exploration (CVE:NQE) reported Thursday results from three drill holes at its Lac Shortt project southwest of Chibougamau, Quebec, intersecting two strong gold zones, the company said.

The holes, which totaled 993 metres, were drilled in June and July, with the third hole testing a structure interpreted from a survey in the southeastern part of the property.

The third hole intersected two gold zones, with the first grading 6.40 grams per tonne (g/t) of gold over 1.2 metres, and the second grading 11.55 g/t gold over 1.3 metres.

In both cases, the gold mineralization was associated with zones of quartz veinlets, the Quebec-based junior mineral explorer said.

The gold-bearing structures lie under the tailings pond of the old Lac Shortt mine, in an underexplored area of the optioned property.

Assuming a similar orientation to that of the old mine, these zones, the company said, could be unexplored for at least 700 metres along strike.  The two areas remain open both toward surface and at depth.

The first and second holes did not intersect any significant gold zones.

Three other proposed holes could not be drilled on the eastern extension of the mine, due to the swampy nature of the ground, but can be completed during the winter, NQ added.

NQ is a mining exploration company with a portfolio of 11 mining properties in the James Bay and Abitibi regions of Quebec.

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