Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: TSX-V
Sector: General Mining
Epic: NQE
News: Latest news
Web Site: NQ Exploration Inc
Other Articles: 28-07-201008-07-201013-04-2010

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

FULL ARTICLE ►
NQ Exploration Inc

NQ Exploration Inc

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.

CLICK HERE FOR FULL ANLAYSIS OF NQ EXPLORATION INC
Tuesday, April 13, 2010

NQ Exploration to option up to 80% of Brouillan gold property

company news image

NQ Exploration (TSX-V: NQE) has received two options over the Brouillan gold property in Quebec from D'Arienne Resources (TSX-V: DAN) that could potentially take its interest in the project to 80%.

The first option covers a 50% interest for a consideration consisting of 700,000 shares in the company and C$500,000 in exploration expenses over a four year period and a further option for another 30% for producing a preliminary assessment.

Under the terms of the agreement, the first 50,000 shares will be issued at a price of C$0.20 per share, while the remaining 650,000 at a price equal to the closing price on the day preceding the issuance. Shares in the company last traded at C$0.15 per share.

The property consists of 15 claims covering 834 ha (hectares). NQ negotiated the options over Brouillan in conjunction with the staking of 80 claims for 2,865 ha to cover at least 8 km (kilometres) of the Nordest zone horizon to give NQ holdings covering a gravity anomaly with a coincident magnetic anomaly of about 7 km.

Reconnaissance work undertaken at the property by D’Arienne in 2008 showed the presence of strongly-silicified rhyolite outcrop hosting a sulphide stringer zone, which the company said enhanced Brouillan’s base metal potential. In addition to this, a 50 km electro-magnetic survey conducted on a 100 metre spacing identified multiple conductive anomalies, some of which do not appear to have been drilled. Compilation of earlier work revealed gold potential in holes drilled in the 1980s, which intersected intervals of 24.99 g/t (grams per ton) gold over 1.10 metres, 29.89 g/t gold over 0.60 metres and 8.26 g/t gold over 0.80 metres.

Last month, the company reported the results of a recent drilling campaign at its Carheil project, located in proximity of Brouillan. NQ said that many of the intersections were among the richest in the region, with the highlight being CA-2009-05, which included 10.5m at 1.66% zinc and 550 grams per tonne (gpt) silver.

The old Selbaie mine, which is located just a dozen km off Brouillan, has a historical production of 53 million tonnes grading 0.96% copper, 1.90% zinc, 40.7 g/t silver and 0.58 g/t gold.

NQ Exploration was established in the fall of 2007, and it main asset is its portfolio of 15 mining properties in the James Bay area of Quebec. The company is aiming to rapidly establish itself as a significant player on the Quebec and Canadian mining scene.

AddThis Feed Button
Register here to be notified of future NQ Exploration Inc articles.

Other NQ Exploration Inc articles


Other NQ Exploration Inc news

More news ►

Investors interested in NQ Exploration Inc recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.