Posted in | Gold | Mining Business

Q-Gold’s Arizona Subsidiary Signs Contract with Major Drilling America

Q-Gold Resources Ltd. (the "Company") is pleased to announce that its Arizona subsidiary, Mineral Creek Resources, Inc. ("MCR"), has signed a contract with Major Drilling America Inc., based in Salt Lake City, Utah, for the drilling of the initial 800 metre (m) phase of MCR's "Green Mohave 2", U.S. Bureau of Land Management ("BLM") mining claim near Crown King, Arizona (see Press Release date May 19, 2016).

The initial 800m phase of a planned 2,000m diamond drill program will test the highly-conductive air and ground geophysical anomaly designated as Anomaly "A". The anomaly contains a primary target zone extending from near-surface to over 400m in depth, and a secondary zone from near-surface to about 425m. A third conductive zone, which is shallow, but not as well defined than the other two zones, may represent an oxide cap. It will also be tested by the first two drill holes on their way to their deeper objectives.

Drilling is scheduled to commence in the first week of June, as repairs to access roads resulting from recent heavy rains have been completed. If results warrant, the remaining 1,200m of the drill program comprising 3 test holes of the remaining unexplored, deep, conductive zones, will be initiated.

The Company holds 12 other BLM mining claims in the Peck Mining District near Crown King, half of which contain geophysical anomalies revealed by an MCR completed "VTEM" airborne survey (see Press Release dated May 14, 2014). Although these additional anomalies are not as large as the one on the "Green Mohave 2" claim, they will be the subject of additional geophysical and geochemical surveys.

The technical content of this release was reviewed and approved by Brian Beck, P. Geo., a "Qualified Person" as defined by National Instrument 43-101.

About Q-Gold Resources Ltd.

Q-Gold is a publicly traded Canadian-based mineral exploration company currently exploring for precious and base metals on its Ontario and Arizona prospects.

Source: http://www.qgoldresources.com/

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