CMQ Announces Drilling Results on North Sleeper Project

    




 CALGARY, Aug. 30, 2012 /CNW/ - CMQ Resources Inc.  ("CMQ") is  pleased to report drill results for a six hole core drilling program at  the North Sleeper (S310 claims) epithermal gold exploration project in  Humboldt County, Nevada.  The project is being explored under an  "Exploration and Option to Enter Joint Venture Agreement" with C(3) Resources, Inc. 

 Montezuma Mines Inc. ("Montezuma"), a wholly owned subsidiary of CMQ,  completed six core holes totaling approximately 3,568 feet (1,088  meters).  Montezuma targeted a pronounced deflection in the strike of  the Sleeper Fault.  There is evidence in multiple data sets of a  significant north-northwest trending structural zone striking N20-30°W  that intersects the Sleeper Fault near this location.  An embayment in  the gravity high is present in the target area, and the vertical  derivative of the gravity shows a low at the location of the  intersection.  This is also coincident with a magnetic low that extends  southeast across the Sleeper Fault.  A deep low-resistivity zone  strikes to the southeast.  Coincident gravity gradient, low magnetic  intensity and chargeability highs extend to the northwest of this  location, suggestive of a zone of major structural intersection and  intense alteration. 

 Twenty-one sites have been permitted under a Notice with the BLM. 

 Alteration and structural preparation in the North Sleeper holes are  significant.  Of particular note is the silicification in hole MN12-03  from 329 to 458 feet, especially the interval from 329 to 335 feet with  intense silicification, late stage quartz veining, open space texture,  rehealed breccias and clay-altered fracture zones.  Correlation between  the drill holes will aid in the siting of the next series of holes in  this structurally complex area.  The drill-hole geological logs,  downhole multielement geochemistry, and reflectance spectroscopy of  drill core will also be of great assistance.  In the first phase of  drilling, only single holes on planned fences were drilled. 

 The most significant intercept in the drilling program follows: 

  




     ____________________________________________________________
    |Hole # |Intercept|Length|oz Au/t|oz Ag/t|Length|g Au/t|gAg/t|
    |       |  (ft)   | (ft) |       |       | (m)  |      |     |
    |_______|_________|______|_______|_______|______|______|_____|
    |MN12-06| 448-450 |   2  |       | 0.059 | 0.61 |      |2.01 |
    |_______|_________|______|_______|_______|______|______|_____|





    

 Project Details 

 The North Sleeper (S310 claims) project in Humboldt County, Nevada,  includes 50 unpatented lode mining claims (1.5 square miles/2.4 square  kilometers) lying 2 miles (3.2 kilometers) north of the Sleeper Mine.   The targets are bonanza-grade epithermal veins, marcasite-cemented  breccias and volumes of stockwork veining. 

 CMQ currently has 44,188,682 Common Shares issued and outstanding.   CMQ's website is located at www.cmqresources.com 

 John Hogg, CEO, CMQ Resources Inc., is the qualified person, as defined  by National Instrument 43-101, who has reviewed and verified the data  disclosed in this press release. 

 The TSX Venture Exchange does not accept responsibility for the adequacy  or accuracy of this release. 

 Forward-Looking Statements 

 This press release contains certain forward-looking statements and  forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws, including with  respect to the timing and details of the referenced drilling program.  All statements other than statements of historical fact are  forward-looking statements. Forward-looking statements typically  contain statements with words such as "anticipate", "believe", "plan",  "continuous", "estimate", "expect", "intend", "may", "will", "shall",  "project", "would", "should", or similar words suggesting future  outcomes. 

 Undue reliance should not be placed on forward-looking statements, which  are inherently uncertain, are based on estimates and assumptions, and  are subject to known and unknown risks and uncertainties (both general  and specific) that contribute to the possibility that the future events  or circumstances contemplated by the forward-looking statements will  not occur. There can be no assurance that the plans, intentions or  expectations upon which forward-looking statements are based will in  fact be realized. Actual results will differ, and the difference may be  material and adverse to CMQ and shareholders. Forward-looking  statements are based on management's current beliefs as well as  assumptions made by, and information currently available to,  management. Though management considers these assumptions to be  reasonable based on information currently available to it, they may  prove to be incorrect. By their very nature, forward-looking statements  involve inherent risks and uncertainties, both general and specific,  and risks that forward-looking statements will not be achieved. The  forward-looking statements contained in this press release are made as  of the date hereof and CMQ does not undertake any obligation to update  publicly or to revise any of the included forward-looking statements,  except as required by applicable law. The forward-looking statements  contained herein are expressly qualified by this cautionary statement. 

   

   

CMQ Resources Inc.


CONTACT:  Please contact John Hogg, CEO, CMQ Resources Inc., Tel: [phone]. 


    

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