q-gold resources ltd (QGLDF) Snapshot

Q-Gold Resources Ltd. announced that, based on positive results from a preliminary ground hybrid magnetotellurics (‘MT’) geophysical survey last Fall over the historic Peck and Black Warrior silver mine complexes, the company has scheduled a series of additional M/T recording stations on the ridges containing the mines. Both mines, located in the Peck Mining District of Yavapai County, Arizona, near the hamlet of Crown King, are under option to the company and have been the subject of concentrated exploration efforts in the past two years. These include both airborne (VTEM /magnetics) and ground MT geophysical surveys, as well as intensive investigation and sampling of the old workings of the mines (adits, shafts and stopes). Assays: Q-Gold conducted a 'chip' sampling programming in 2011 across the face of the veins and partially mined ore shoot in the upper section of the Black Warrior Mine. The Company received laboratory assays results on a series of these chip samples indicating ‘high grade’ silver in the range from 1,690 to 8,140 grams/tonne (g/t) [49.29 to 237.42 oz/ton (opt)] and gold ranging from 3.85 to 38.4 g/t [0.11 to 1.12 opt]. Significant levels of lead, zinc and antimony (up to 24% by weight for the latter) were recorded. The Peck Mine was entered and mapped internally by a Q-Gold contracted crew, in 2010. A fire assay of a sample taken from the wall of one of the Peck Mine adits during the entry recorded a silver value of 379 g/t [11.05 opt]. Preliminary M/T Results: Peck Mine: As part of a limited ‘reconnaissance’ MT survey over the Peck and Black Warrior Silver Mines, 5 MT recording stations were established over the Peck Mine in October 2012. A significant conductive anomaly, with low resistivity readings less than about 50 ohm-meters, was encountered near the two existing mine shafts. This strong anomaly also extends to the north and downward to at least the 170 m level, or 48 m below the existing historic workings which terminated at the 122 m level. Thus, an additional 48 m of potential un-mined mineralized zone may underlie the existing workings over a horizontal distance of at least 100 m. An additional 2 new lines containing 15 MT stations are planned for recording at the Peck Mine prior to drilling of the indicated conductive zone. Black Warrior Mine: Interference caused by metal debris from the roof of a burned building which resulted from the 2012 ‘Gladiator’ wildfire at Crown King prevented some areas of the mine from producing a suitable MT response. However, 3 MT stations were able to record satisfactory conductive responses along a single survey line. Stations at each end of the line exhibited the beginning of highly anomalous (conductive) zones exhibiting less than 100 ohm-meters of resistivity, extending from about 50 to 150m in depth, the middle station being located over an apparent highly resistive rhyolite dike. As recommended by the company's geophysical consultant, 2 additional lines and intermediate locations containing 12 MT stations will be recorded prior to drilling under the old workings of the Black Warrior silver mine. Drill Plan - Peck and Black Warrior Mines: Based on the results of the second MT survey, the company plans to drill a series of diamond core holes below the workings of both mines. As both the Peck and Black Warrior Mines are located on Federal Patented mining claims, drilling is expected to proceed shortly after the MT geophysical data review is completed, without requiring a substantial permitting delay. Drill Plan - Green Mohave 2: As previously reported on February 20, 2013, the company has applied for a permit from the U.S. Forest Service for a series of diamond drill holes on the Green Mohave 2 mining claim, which contains the large ‘A’ conductive anomaly. Upon receipt of the permit, the company will drill 6 core holes into the ‘A’ anomaly from 2 drill pads. The technical content of this release was reviewed and approved by James C. Hasbrouck, PGp, a ‘Qualified Person’ as defined by National Instrument 43-101.

Q-Gold Resources Ltd. announced that, as requested, it has resubmitted its Plan of Operations to the Forest Service for a permit to drill the Company's 'A' anomaly on its 'Green Mohave 2' mining claim near Crown King, Arizona. The Company hopes to have all necessary approvals to begin drilling the 'A' Anomaly sometime in March. Based upon a helicopter time domain electromagnetics (VTEM) and magnetics survey flown over the area by Geotech Ltd. (Aurora, Ontario) in late 2011 and a follow-up ground hybrid magnetotellurics ('MT') geophysical survey over the 'A' Anomaly last fall, the Company has spotted six exploratory diamond core holes from 2 drill pads. These drill holes will attempt to penetrate the highly conductive zone in the 700 metre long anomaly, which, as indicated in the MT survey, appears to extend from near the surface to a depth of at least 400 metres. Moderate conductivity then extends further down to about the 850 metre level.

Q-Gold Resources Ltd., Annual General Meeting, Dec 14, 2012., at 11:00 Pacific Standard Time. Location: Suite 700 - 401 West Georgia Street. Agenda: To receive and consider the audited financial statements of the company for its fiscal period ended December 31, 2011, 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; and to transact such other business as may properly come before the Meeting or any adjournment thereof.