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q-gold resources ltd (QGLDF) Details

Q-Gold Resources Ltd., a mineral exploration company, focuses on the exploration and development of mineral properties in Canada and the United States. It primarily explores for gold, copper, and silver metals. The company holds interests in the Crown King properties covering approximately 64 acres located in the southern Bradshaw Mountains of Yavapai County, Arizona. It also holds interests in the Mine Centre properties that covers approximately 26,000 acres of mining claims, leases, patents, and options, which primarily include the Foley and Golden Star gold mines located to the east of Fort Frances, Ontario; and the McKenzie Gray project comprising 6 crown leases and 23 mining claims covering an area of 1,143 acres located in Ontario, Canada. The company is based in Vancouver, Canada.

q-gold resources ltd (QGLDF) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: C$55.9K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$54.6K
Compensation as of Fiscal Year 2013.

q-gold resources ltd (QGLDF) Key Developments

Q-Gold Resources Ltd. Announces Arizona VMS Drill Program

Q-Gold Resources Ltd. announced that final project approval has been received and a drill permit issued by the US Forest Service, which administers the claim, for the drilling of the company’s extensive 'A' anomaly on its “Green Mohave” mining claim block. As previously announced, the 'A' anomaly, located in the Southern Bradshaw Mountains of Yavapai County, Arizona, near the hamlet of Crown King, consists of a “tabular body” containing a highly conductive zone 700 metres (m) in strike length on the surface. The conductive zone also extends from a depth of approximately 10 m to greater than 400 m. The prospect is located in the extensive Central Arizona Volcanic Belt, a thick volcanogenic massive sulfide (VMS) zone created by Pre-Cambrian undersea volcanos in an 'island arc' environment, extending over a distance of 80 miles from just north of Phoenix to Bagdad in the northwest of the State. Twenty-nine historic gold, silver, copper, lead and zinc mines are located in the Belt. Crown King was one of the most prolific historic gold and silver producers within the zone from 1870-1903. The anomaly was initially revealed by a GEOTECH airborne (helicopter) VTEM geophysical survey completed for Q-Gold in mid-2011. The anomaly was further confirmed and delineated in the fourth quarter of 2012 in a hybrid, controlled-source magneto-tellurics (CSAMT) ground survey of the most conductive VTEM flight lines. The 'A' anomaly is located on a virtually unexplored ridge in a series formed by compression, over-turning and block-faulting of the underlying volcanic meta-sediments. The two adjoining ridges to the southwest contain prolific historic silver mines, both hosting extremely high-grade silver deposits enriched by supergene fluids. These mines were exploited at the end of the nineteenth century, when silver prices were 90 cents per ounce.

Q-Gold Resources Ltd., Annual General Meeting, Jun 20, 2014

Q-Gold Resources Ltd., Annual General Meeting, Jun 20, 2014., at 10:00 Pacific Standard Time. Location: Suite 700 - 401 West Georgia Street. Agenda: To receive the report of the directors of the company; to receive and consider the audited financial statements of the company for its fiscal period ended December 31, 2013, and the report of the auditor thereon; to fix the number of directors of the company at three; to elect directors of the company for the ensuing year; to appoint auditors for the ensuing year and to authorize the directors to fix their remuneration; to consider and, if thought fit, to pass an ordinary resolution ratifying and approving the existing 10% rolling stock option plan of the company; to consider and, if thought fit, to pass, with or without variation, a special resolution authorizing and approving the consolidation of the company's issued and outstanding common shares on the basis of five old shares for one new share or such lesser ratio as the board of directors of the company deems appropriate; and to transact such other business as may properly come before the Meeting or any adjournment thereof.

Q-Gold Resources Ltd. Receives Approval for Arizona Drill Program from US Forest Service

Q-Gold Resources Ltd. announced that project approval for the drilling of the company's extensive 'A' anomaly on its 'Green Mohave 2' U.S. Bureau of Land Management (BLM) mining claim has been received from the US Forest Service (USFS), which administers the claim. The anomaly was initially revealed by a GEOTECH airborne (helicopter) VTEM geophysical survey completed in mid-2011 and further confirmed and delineated in the 4th quarter of 2012 in a hybrid magnetotellurics (MT) ground survey of the best VTEM lines. Pending the presentation and approval of a Reclamation Bond required by the USFS, which is now in progress, the company's Arizona subsidiary, Mineral Creek Resources Inc., will receive the drill permit to sink 3 'NQ' diameter diamond drill holes at various depths into the prospective zone from each of 2 drill pads to be constructed. Drilling is expected to commence before year-end. The 'A' anomaly is located on a virtually unexplored ridge in a series of ridges formed by block-faulting of the underlying volcanic meta-sediments.

 

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