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Resource Clips

Posts tagged ‘CMQ Resources Inc (NV)’

CMQ, Miranda report Nevada Gold Results as high as 5.25 g/t over 36.3m

October 12th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningCMQ Resources Inc TSXV:NV and Miranda Gold Corp TSXV:MAD announced assays from their Red Canyon Project in Nevada. Highlights include

5.25 g/t gold over 36.3 metres
(including 9.64 g/t over 11.9 metres)
7.03 g/t over 6.1 metres
3.93 g/t over 9.1 metres
2.95 g/t over 6.1 metres
1.7 g/t over 6.1 metres

Montezuma Mines Inc, a wholly owned subsidiary of CMQ, is exploring the project under an “exploration with option to form joint venture agreement” with Miranda. Under the terms of the 2008 agreement, Montezuma may earn a 60% interest by funding $4 million over five years. Montezuma may earn an additional 10% by completing a feasibility study or by funding $10 million in additional exploration. The first year’s commitment of $500,000 is an obligation.

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CMQ Resources Inc
John Hogg

Miranda Gold Corp
Doris Meyer

by Greg Klein