Q-Gold Announces Additional Exploration at Crown King; Shares Up 27% Near Midday

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Q-Gold Resources Ltd. (QGR.V) announced today 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).

Shares are up 1.5 cents to 7 cents near midday.

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This article appears in: Investing , Commodities

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