NQ Exploration Starts an NI 43-101 Resource Estimate on the Carheil Project

NQ EXPLORATION INC. (the "Company") (TSX VENTURE:NQE) is pleased to announce
that it has started an NI 43-101 resource estimate for its Carheil project. The
property is located in Brouillan Township, 5 km southwest of BHP Billiton's old
Selbaie Mine (historical production of 53 million tonnes grading an average of
0.96% Cu, 1.90% Zn, 40.7 g/t Ag and 0.58 g/t Au).


NQ Exploration has done more than 10,000 metres of diamond drilling on the
Carheil property since 2009. This drilling has enabled the Company to delineate
silver mineralization associated with a silicified rhyolite structure. The Ag1
zone containing this silver mineralization extends from surface to a depth of
600 metres, where it remains open laterally and at depth. A gold-bearing zone
has also been identified near the 600-metre level, in the footwall of the Ag1
zone.


David Grondin, President and Chief Executive Officer of NQ Exploration, said
that: "This resource estimate is the next logical step in the development of the
Carheil project. It will give us a quantitative estimate of the volume and grade
of this mineral deposit. We expect to receive the resource estimate around
mid-November 2012 and the technical report about 45 days later."


The following table shows all the significant results obtained from drilling
programs carried out by NQ Exploration since 2009 on the Carheil project. The
final column on the right shows the equivalent silver (eAg) grade calculated
using the formula and parameters found below the table.




----------------------------------------------------------------------------
Hole            From     To Length     Cu     Pb     Zn     Au     Ag    eAg
(#)              (m)    (m)    (m)    (%)    (%)    (%)  (g/t)  (g/t)  (g/t)
----------------------------------------------------------------------------
CA2009-01     186.16 189.16   3.00   0.03   0.03   1.70   0.19  34.20     84
----------------------------------------------------------------------------
CA2009-02     198.75 205.25   6.50   0.01   0.26   0.83   0.31 107.60    156
----------------------------------------------------------------------------
CA2009-04     213.00 217.50   4.50   0.01   0.08   0.32   0.08 170.70    198
----------------------------------------------------------------------------
CA2009-05     389.50 425.00  35.50      -      -   0.72   0.09 170.70    204
             ---------------------------------------------------------------
including     414.50 425.00  10.50   0.02   0.72   1.58   0.14 524.14    622
----------------------------------------------------------------------------
CA2009-06     511.50 513.00   1.50   0.02   0.18   0.50   0.82  85.20    153
----------------------------------------------------------------------------
CA2010-08     481.00 485.50   4.50   0.01   0.05   0.26   0.05  60.30     75
----------------------------------------------------------------------------
CA2010-09     567.00 589.00  24.00   0.01   0.22   0.47   0.18 160.00    198
             ---------------------------------------------------------------
including     567.00 574.25   7.25      -      -   0.64   0.15 257.90    299
----------------------------------------------------------------------------
CA2011-11     484.85 488.45   3.60   0.04   1.14   2.71   0.27  89.70    194
----------------------------------------------------------------------------
CA2011-13     583.50 585.15   1.65   0.02   0.26   0.93   1.19 204.10    312
             ---------------------------------------------------------------
              605.00 611.20   6.20      -      -   0.46   3.74  38.80    258
----------------------------------------------------------------------------
CA2011-14     341.00 348.00   7.00   0.01   0.32   0.87   0.26 231.70    290
----------------------------------------------------------------------------
CA2011-15     484.70 491.00   6.30   0.02   0.35   0.81   0.24 281.10    342
----------------------------------------------------------------------------
CA2011-17     129.00 131.70   2.70   0.73   0.02   1.51   0.18  82.30    188
             ---------------------------------------------------------------
including     130.20 130.40   0.20   7.24      -   1.27   0.16 603.00  1 271
----------------------------------------------------------------------------
CA2011-18      48.00  64.00  16.00   0.00   0.23   0.68   0.00  89.80    116
----------------------------------------------------------------------------
CA2011-20     174.00 180.00   6.00   0.08   0.03   0.64   0.18  58.00     92
----------------------------------------------------------------------------
CA2011-21     310.50 319.50   9.00   0.00   0.24   0.80   0.19 210.00    258
----------------------------------------------------------------------------
CA2011-22     350.30 369.00  18.70   0.00   0.11   0.27   0.03  77.60     93
             ---------------------------------------------------------------
including     356.30 357.80   1.50   0.01   0.41   1.01   0.12 447.00    519
----------------------------------------------------------------------------
CA2011-24     685.80 687.80   2.00   1.38   0.21   4.43   0.30 106.90    337
             ---------------------------------------------------------------
including     686.80 687.80   1.00   2.71   0.32   6.89   0.49 203.00    610
----------------------------------------------------------------------------
CA2011-25     276.00 277.50   1.50   0.01   0.08   0.40   0.49  82.90    127
----------------------------------------------------------------------------
CA2011-27     204.00 207.00   3.00   0.01   0.37   3.24   0.02  99.60    182
----------------------------------------------------------------------------
CA2011-29      96.00 110.00  14.00  0.056   0.49   2.55  0.056  71.20    146
             ---------------------------------------------------------------
including     107.65 109.15   1.50   0.07   3.35  17.25  0.071 210.00    653
----------------------------------------------------------------------------
CA2011-30     228.20 243.20  15.00  0.016   0.24   2.52  0.023  33.10     94
----------------------------------------------------------------------------



(1) The lengths shown are core lengths. On the basis of current information,
true widths would be 75-85% of these

lengths. 

(2) The eAg designation refers to "silver equivalent", which is calculated using
the following parameters: 1 oz/ton = 34.28 g/tonne; Copper = US $3.78/lb, Zinc =
US $0.93/lb; Lead = US $1.02/lb, Gold = $1,771/oz, Silver = $34.53/oz. This
value is used as a guide for exploration, and does not take into account
metallurgical recovery. It shows the value of a given metal in terms of g/t Ag.
Metals prices = market prices on September 17, 2012.


Silver equivalent (eAg) = (((%Cu(i)20(i)$3.78) + (%Pb(i)20(i)$1.02) +
(%Zn(i)20(i)$0.93) + (g/tAg/34.28)(i)$34.53 +
(g/tAu/34.28)(i)$1,771)/$32)(i)34.28


Pierre O'Dowd, geologist and Vice President of NQ Exploration Inc., 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 mining exploration company with a solid portfolio of 11
mining properties in the Abitibi and James Bay regions of Quebec. The Company is
betting on Quebec's excellent mineral potential and favourable investment
climate to produce new world-class gold, silver and base metal deposits.
NQ Exploration Inc. (TSXV:NQE)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024