Quantcast

NQ Exploration: Discovery of New Gold and Zinc Showings on the Duncan Property in James Bay

September 11, 2008

NQ Exploration Inc. (TSX VENTURE: NQE) is pleased to announce that new gold and zinc showings have been discovered on its Duncan property in James Bay as a result of reconnaissance prospecting work carried out in the summer of 2008.

The goal of the 2008 prospecting program was to locate the source of airborne INPUT electromagnetic anomalies work identified in 1979-80 but never prospected. The work resulted in the discovery of two new gold showings, one zinc showing, as well as eight zones kilometric in size and anomalous in gold and base metals.

 -------------------------------------------- Sample #    Au        Ag        Cu        Zn            g/t       g/t       ppm       ppm -------------------------------------------- 69608     3.45      1.40         tr(i)   381 69699     3.32      0.50         15       26 69690       tr      0.40      2,183      249 69645       tr      0.65      1,560      421 69598       tr     -0.20      1,282      128 69729       tr      0.90      1,029      107 69542       tr      0.20      1,012       54 69680       tr      3.40        930   11,500 69740       tr      0.20        815    3,973 69741       tr      0.30        948    3,412 69720    0.024      0.30        304    3,171 -------------------------------------------- (i) tr=trace 

All the results are from grab samples taken from a mineralized sericite schist, altered felsic-to-intermediate tuffs, sulphides in the pillowed breccia and a quartz vein. All showings and anomalous areas are spatially associated with INPUT anomalies, and the presence of numerous zinc and copper anomalies was noted in the lake bottom sediments down ice from the showings.

“We are very encouraged by these initial results of what is essentially only a reconnaissance phase. In the coming weeks, crews will begin detailed prospecting, stripping and channel sampling to extend the showings. This work has demonstrated the potential of the Duncan property for the discovery of gold and base metal deposits,” said David Grondin, President.

It should be noted that the Duncan project is easily accessible, lying just 35 km south of the town of Radisson, on either sides of the Matagami-Radisson road. The property is wholly-owned by NQ Exploration Inc., with some claims subject to a 2% net smelter return royalty.

The samples were assayed by ALS Chemex Inc. of Val-d’Or, Quebec, and by Laboratoire Expert Inc. of Rouyn-Noranda, Quebec.

Daniel Bernard, a geological engineer and a 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.

ABOUT NQ EXPLORATION INC.

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.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements subject to risks and uncertainties. Consequently, 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.

The TSX Venture Exchange does not assume any responsibility for the adequecy or accuracy of this press release.

 Contacts: NQ Exploration Inc. David Grondin President and Chief Executive Officer 514-206-7727 info@nqexploration.com

SOURCE: NQ Exploration Inc.




comments powered by Disqus