NQ Exploration Inc./Carheil Property: Discovery of New EM Conductors

NQ Exploration Inc./Carheil Property: Discovery of New EM Conductors

NQ Exploration Inc. announce that the potential of its Carheil property has been confirmed by an INFINITEM electromagnetic survey.

The INFINITEM survey was carried out by Abitibi Geophysique, and identified four conductors on the Carheil property. Conductor C-02 extends the favourable zone intersected in Hole BR-76-02 (0.43% Cu over 2.44 m) by 600 metres toward the east. Conductor C-03 is a new conductor that has not yet been tested by drilling, and conductors C-01 and C-04 confirm the strike and the 55 degrees southerly dip of the property geology.

“The mineralized zones intersected by earlier drilling occur at a shallow depth, and the INFINITEM survey has now confirmed that these remain open along strike. The next stage is to test the new geophysical targets and the known targets at depth by drilling,” stated David Grondin, President of NQ Exploration Inc.

The Carheil property lies in Brouillan township, 8 km southwest of Rio Algom Limited’s Les Mines Selbaie operation (production of 44 million tonnes grading an average of 1.05% Cu, 1.98% Zn, 32.1 g/t Ag and 0.47 g/t Au). Exploration NQ Inc. owns a 100% interest in the Carheil property, which is free of any royalties.

The Carheil property has excellent potential for the discovery of copper-zinc-gold-silver volcanogenic massive sulphide deposits and gold deposits. Work carried out from 1976 to 1998 identified two zones mineralized in zinc and copper respectively in the form of veinlets and disseminated sphalerite and chalcopyrite within an altered rhyolite.

Daniel Bernard, a geological engineer and qualified person under National Instrument 43-101 on standards of disclosure for mineral projects, has reviewed and approved the technical content of this press release. Mr. Bernard will supervise the work to be performed on this project.

NQ Exploration Inc. is a new mining exploration company with a large portfolio of 23 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.

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