- Q-Gold Resources (QGR) released the final results from its 2022 exploration drill program at its Mine Centre Property in Ontario
- The program consisted of eight holes drilling 1,166 metres targeting the two main veins at Foley (Bonanza and Jumbo) as well as a high-grade vein previously exposed by trenching to the northeast of Foley
- Five of the eight holes drilled intersecting their targeted vein systems. Two of the holes had visible gold present in samples
- Q-Gold Resources (QGR) opened trading at C$0.02
Q-Gold Resources (QGR) released the final results from its 2022 exploration drill program at its Mine Centre Property in Ontario.
The program consisted of eight holes drilling 1,166 metres targeting the two main veins at Foley (Bonanza and Jumbo) as well as a high-grade vein previously exposed by trenching to the northeast of Foley.
Five of the eight holes drilled intersecting their targeted vein systems. Two of the holes, Q22-14 and Q22-16 had visible gold present in samples.
| 2022 Mine Centre Assay Results | Original | Metallics | |||
| Hole | From | To | Interval | Au | Au |
| (m) | (m) | (m) | (g/t) | (g/t) | |
| Q22-14 | 134.70 | 135.20 | 0.50 | 6.11 | 10.30 |
| Q22-16 | 34.78 | 35.30 | 0.52 | 6.66 | 14.80 |
The CEO of Q-Gold, Dr. Andreas Rompel, called these high-grade intersections proof that these veins are highly prolific and warrant further exploration along strike as well as down-dip.
The Foley Gold Mine was first developed in the 1890s. At this time, 10,500 tons of ore at 14 g/t was mined from stopes. Operations terminated in 1927 due to the onset of the Great Depression.
Previous drilling conducted by Q-Gold between 2005-2012 established the Foley Gold Mine as a large deposit of gold-bearing veins with an excellent picture of the mine’s gold potential from surface to the 122-metre level. High-grade gold intercepts over 2.78 metres were discovered from the three combined drilling holes.
The property has favourable logistics with immediate access to a highway. Other interest areas on the property include the McKenzie Gray Vein System. A gold-silver vein system with 6,594 metres of drilling confirms the existence of a high-grade quartz vein down to 100 metres. As well as the Golden Star, Manhattan, and Fergus Vein Systems, all high-potential gold vein prospects offering tremendous optionality at Mine Centre.
Q-Gold Resources Ltd. (QGR) is a Canadian mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions.
Q-Gold Resources (QGR) opened trading at C$0.02.
