NQ Exploration Inc.

NQ Exploration Inc.

March 08, 2010 07:47 ET

NQ Exploration Inc./Carheil Property: 10.5 Metres at 1.66% Zinc and 550 g/t Silver

LAVAL, QUEBEC--(Marketwire - March 8, 2010) - NQ Exploration Inc. (TSX VENTURE:NQE) is pleased to report the results of its 2010 fall-winter drilling program on its Carheil project in the Abitibi region of Quebec. The six holes totalling 3,160.5 metres all intersected zones mineralized in copper-zinc, and sometimes gold and silver. Many of the intersections are among the richest in the region. While the volcanogenic stringers zones are generally less wide than in earlier holes, they contain much higher concentrations of base and precious metals. Furthermore, the deepest holes show a significant increase in the intensity and thickness of the black chlorite alteration, as well as a marked thickening of the felsic volcanic units, along with the appearance of a polymictic agglomerate unit; these are well-recognized indicators of an increasingly proximal volcanogenic massive sulphide geological environment.


No. (m) (m) (m) (%) (%) (g/t) (g/t)
CA-2009-05 414.5 425.0 10.5 1.66 - 550.0 -
457.35 466.25 8.90 0.91 - 55.0 -
518.25 519.5 1.25 0.32 1.14 13.9 -
534.3 535.3 1.00 6.06 0.80 - -
CA-2009-05W 475.7 478.25 2.55 1.29 - 11.2 -
507.8 508.5 0.70 1.50 0.57 - -
547.25 548.25 1.00 - 2.74 27.1 -
CA-2009-06 532.5 538.35 5.85 1.54 - 13.0 -
559.9 560.7 0.80 1.49 0.98 11.0 -
CA-2009-07 349.5 350.8 1.30 0.26 1.78 18.5 4.78
371.5 373.0 1.50 1.56 2.01 25.3 -
CA-2009-08 526.75 527.3 0.55 3.82 0.10 - -
528.55 529.05 0.50 0.45 2.24 33.0 -
CA-2010-09 572.0 574.25 2.25 1.09 - 64.8 -
596.3 589.4 2.10 1.54 - 18.3 -
616.7 618.7 2.00 1.07 - 15.5 2.55
676.25 678.0 1.75 1.30 0.58 - -
696.0 696.75 0.75 - 1.42 - -

The Carheil property lies in Brouillan Township in the northern Abitibi region, 5 km southwest of the old Selbaie mine (Rio Algom Limited, historical production of 53 million tonnes grading 0.96% copper, 1.90% zinc, 40.7 g/t silver and 0.58 g/t gold), in very similar geological units, on the southern flank of an anticline that lies between the Carheil property and the Selbaie mine.

The 2010 fall-winter program tested the Nordest showing at a vertical depth of from 300 to 600 metres. Holes CA-2009-05, CA-2009-05W and CA-2010-09 were drilled on Section 650E, behind Hole CA-2009-04, which returned the best results of the 2009 winter drilling program. Hole CA-2009-05W is a redrill of Hole CA-2009-05 off a wedge at 465 metres, to compensate for a high level of lost core. Holes CA-2009-06, CA-2009-07 and CA-2009-08 were drilled at 100 and 250 metres west of Section 650E.

The Nordest showing, the target of this drilling program, consists of the same lithological units, alterations and mineralization styles as at the Selbaie mine. Among other things, barren massive sulphide lenses have been identified at the top of the rhyolitic unit, along with lenses of so-called "pisolitic rhyolite" (likely chert in gel form), typical Selbaie-environment marker horizons. In addition, the deepest 2010 holes clearly show an increasingly proximal volcanogenic massive sulphide geological environment. For instance, on Section 650E, the black chlorite alteration, while absent near surface, intensifies significantly from 200 to 400 metres deep over a thickness of 30 to 35 metres, and peaks at around 600 metres depth over a thickness of 60 metres. The chloritization is generally accompanied by very intense silicification, with occasional evidence of porcelanite. At about -400 metres, a polymictic agglomerate unit also appears, showing singular fragments of margin-chilled rhyolite, fragments of rhyolitic welded tuffs and fragments of devitrified felsic glass, all evidence of hot, and therefore near-source, deposition. In this area and at depth, fragments of massive sulphides also appear, forming up to 40% of the pyroclastic fragments that surround the agglomerate.

The high copper and zinc grades obtained from this program, as well as the associated high precious metal grades (550 g/t silver over 10.5 metres and 4.78 g/t gold over 1.30 metres), are among the most significant ever obtained in the region, outside of Selbaie. This in itself is another indication of proximality and excellent potential.

Taking into account hole dip variation of 75 to 65 degrees in the mineralised zones and lithologies dip variation from 55 to 65 degrees, the true width of all intersections are estimated to be 65% to 75% of the core length given in the table above. Analyses were performed by ALS Laboratory in Val-d'Or. All samples were assayed by two methods: 1- for gold, first by fire assay with FA-AA finish, then if result greater than 1g/T re-assay by fire assay with gravimetric finish; 2- for 35 elements by ICP method (ME-ICP41), then if result greater than 100 ppm silver and/or 1 000 ppm Cu/Mo/Pb/Zn, re-assay by ore grade method (OG46), aqua regia digestion with ICP-AES or AAS finish.

Management of NQ Exploration firmly believes in the property's discovery potential, and intends to continue aggressively exploring the entire area.

Jacquelin Gauthier, a geological engineer, Vice President, Exploration and a qualified person under Regulation 43-101 respecting standards of disclosure for mineral projects, wrote and approved the technical content of this press release. Mr. Gauthier also planned and supervised the work done on the property.


NQ Exploration Inc. is a new mining exploration company with a solid portfolio of 15 mining properties in the James Bay region 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.


This press release contains forward-looking statements subject to risks and uncertainties. There is no assurance that such statements will prove to be accurate, and actual results and future events may differ considerably from those anticipated by such statements. Such risks and uncertainties are described in the quarterly management discussions and analyses and documents filed with regulatory authorities by NQ Exploration Inc. NQ Exploration Inc. does not undertake to publicly update or revise forward-looking statements on the basis of new information or future events or for any other reason.

Neither the TSX Venture Exchange nor the regulatory authorities (as defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

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