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Q-Gold Resources Ltd.

11:39 AM EST - Q-Gold Resources Ltd. : announced today that it has initiated the second phase of delineation drilling on the Company's 100% owned Foley Gold Mine Complex near Mine Centre, Ontario. A rig from Rainy Lake Tribal Contracting, which also provided the rig for Phase One, arrived on location on Tuesday, September 7. Phase Two will consist of the targeted drilling of approximately 1,875 metres of "NQ" core into the gold-bearing "Jumbo" and "Bonanza" veins in a series of two to three "fan holes" with each fan drilled from a single location. These holes are designed to confirm the presence of the veins and determine the gold and silver grades. The veins are indicated on the 400' level of historic mine maps produced during mine development activities in the 1920's. Q-Gold Resources Ltd.
T.QGR
shares T.QGR are trading up $0.01 at $0.20.