NQ Exploration Inc.
TSX VENTURE : NQE

NQ Exploration Inc.

May 26, 2011 09:04 ET

NQ Exploration Inc./Carheil Project-Selbaie Area: AG1 Zone Extended Westward With a Record Grade of 1,760 g/t Ag

LAVAL, QUEBEC--(Marketwire - May 26, 2011) - NQ Exploration Inc. (TSX VENTURE:NQE) is pleased to report the results of a sixth drill hole of the exploration program at its Carheil project. Hole CA2011-15 has confirmed the continuity of the Ag1 zone (http://media3.marketwire.com/docs/ag1_e.jpg) to the west, with a record grade of 1,760 g/t over 0.45 metres and native silver at a vertical depth of about 450 metres, within an enriched zone that returned an average of 281.1 g/t Ag, 0.81% Zn and 0.24 g/t Au over 6.3 metres.

These results confirm the continuity of the Ag1 silver zone, with high grades over several metres as well as native silver content. In addition, the Ag1aa zone, which lies above the Ag1 zone, also returned very encouraging results that enhance this potential of this still little-known zone. A grade of 74 g/t over 13 metres, including 110.8 and 102.3 g/t Ag over 5.05 and 3 metres respectively, was intercepted at a vertical depth of 430 metres (see longitudinal of the Ag1aa zone at http://media3.marketwire.com/docs/ag1aa_e.jpg).

The table below provides the details of the significant grades intersected in Hole CA2011-15. The Ag1aa zone is associated with aphanitic rhyolite containing pisolites locally, with variable silicification, sericitization and chloritization, containing almost 5% pyrite. The silver mineralization appears to be structurally controlled and relatively late. This is even more obvious in the Ag1 zone, which appears to be directly associated with the silica injections that caused silicification and with albitization of the massive rhyolite. The native silver is directly associated with the silica injections. Pyrite is the main associated sulphide, but less than 1% brownish sphalerite is also seen, as well as trace galena. These silver zones are systematically located around the chloritized centre of the alteration chimney, on its top flank.

The best values obtained in this hole are as follows:

HoleFromToLength1CuZnAgAuZone
mmm%%g/tg/t
CA2011-15431.6442.310.70.2521.10.12
447.0460.013.00.4074.0Ag1aa
including449.0454.05.00.39110.8Ag1aa
and457.0460.03.00.31102.3Ag1aa
473.3495.722.40.57105.40.18Ag1
including484.74916.30.81281.10.24Ag1
including486.4486.850.451.111760.00.99Ag1
503.55051.50.6430.20.87
547.55491.61.11
587.0587.950.954.190.1425.00.29OrAg1?
1 The lengths shown are the core length. On the basis of current information, true widths should be 70 to 80% of these lengths.

This new information enhances the understanding of the silver zones and confirms the spatial orientation of the mineralized zones, which show excellent vertical continuity. The two last drill holes were drill at a shallower depth, The results of these holes, which are still pending, will round out the data needed to plan the next drilling program, scheduled to begin in mid-June.

These additional results have boosted the Company's confidence in the merit of continued exploration on this excellent silver showing.

Assays were performed by the ALS Chemex laboratory in Val-d'Or. The samples are assayed using two methods: 1 – for gold, first by fire assay with an FA-AA finish, then for results over 1 g/t rerun by fire assay with gravity finish; 2 – for 35 elements using ICP (ME-ICP41), then, for results over 100 ppm silver and/or 10,000 ppm Cu/Mo/Pb/Zn, rerun using the ore grade method (OG46) with aqua regia digestion and ICP-AES or AAS 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 new 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 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.

Contact Information

  • NQ Exploration Inc.
    David Grondin
    President and Chief Executive Officer
    (514) 206-7727
    www.explorationnq.com