Q-Gold” or the “
Company”), a Canada-based mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions, is pleased to announce the launch of its 2021 drill program at its wholly-owned Foley Gold Mine complex in Ontario.
Over the past two months, Q-Gold geologists have completed an extensive data compilation and 3D Leapfrog modeling of the high-grade gold-vein system that includes over 5,900 m of NI 43-101 compliant drilling with results of up to 53.47 g/t Au over 1.5 m and 106.7 g/t Au over 0.23 m (refer to Q-Gold Resources press release September 30, 2020 for additional details). This exercise has resulted in the finalization of a two-phase drill program.
Q-Gold” or the “
LOI”) with Quantum Energy and Gas, LLC (“
Quantum”) to acquire 90% of the rights on the mining title for the highly prospective Tintina concession (the “
Mining Title”) (the “
Transaction”). The Tintina concession is located in the municipality of Neira, Colombia with historical exploration indicating the local presence of veins with free gold and gold in sulphides along with historic high-grade samples for Au and Ag.
About The Tintina Property
The concession is located in the jurisdiction of the Municipality of Neira, in the Department of Caldas, approximately 40 km NW of the city of Manizales. The area is accessed from the City of Manizales by the road that leads from this city to the city of Medellín, which is located approximately 110km to the north (Figure 1).