CMQ Announces Drilling Results on Red Canyon Project

    




 CALGARY, Dec. 7, 2011 /CNW/ - CMQ Resources Inc.   ("CMQ") is  pleased to report drill results for the seven-hole reverse circulation  drilling program conducted in October 2011 at the Red Canyon  sediment-hosted gold project in Eureka County, Nevada.  The project is  being explored under an "Exploration Agreement with Option to Form  Joint Venture" with Miranda U.S.A., Inc. ("Miranda") . 

 Montezuma Mines Inc. ("Montezuma"), a wholly owned subsidiary of CMQ,  completed a 5,650-foot (1,722-meter) seven-hole program.  Five of the  holes, MR11-09 through MR11-13, were designed to follow up on the  mineralized intervals listed below. 




     _______________________________________________________________
    |Drill Hole|Intercept (ft)|Length (ft)|oz Au/t|Length (m)|g Au/t|
    |__________|______________|___________|_______|__________|______|
    |MR11-01   |     110-130  |      20   | 0.205 |     6.1  |7.025 |
    |__________|______________|___________|_______|__________|______|
    |MR11-02   |     100-105  |       5   | 0.009 |    1.52  |0.309 |
    |__________|______________|___________|_______|__________|______|
    |MR11-03   |     245-275  |      30   | 0.115 |    9.14  |3.926 |
    |__________|______________|___________|_______|__________|______|





 Significant drill intercepts, defined as mineralization grading 0.010 oz  Au/t (0.342 g Au/t) or better over 5 feet (1.5 meters) or longer, are  presented in the table below. 




     _______________________________________________________________
    |Drill Hole|Intercept (ft)|Length (ft)|oz Au/t|Length (m)|g Au/t|
    |__________|______________|___________|_______|__________|______|
    |MR11-09   |     155-160  |       5   | 0.029 |     1.5  |0.978 |
    |__________|______________|___________|_______|__________|______|
    |          |     160-165  |       5   | 0.015 |     1.5  |0.505 |
    |__________|______________|___________|_______|__________|______|





 True thicknesses are not known.  Gold mineralization greater than 0.005  oz Au/t (0.171 g Au/t) was not intersected in holes MR11-10 through  MR11-15. 

 Holes MR11-01 through MR11-03 were drilled in August 2011 at the Ice  target area. Holes MR11-09 through MR11-13 were designed to test  encouraging results in those August holes and continuity between the  holes.  These holes have tested only a small area of the interior of  the 1,660-foot- (506 meter-) long southwest-trending structural  corridor that prior to this year had not been drill tested.  Holes  MR11-14 and MR11-15 tested only a small part of the previously-untested  4,000-foot- (1,219 meter-) long Juniper Gulch anomaly, located  approximately 6,500 feet from the Ice target area.. 

 While disappointed in these results, Montezuma remains encouraged by the  potential of the Red Canyon project.  Integration of geological,  geochemical and geophysical data has outlined nine target areas, seven  of which are untested and which will be prioritized for future drilling  in addition to further testing of the Ice/Southeast Corridor and  Juniper Gulch anomalies.  Twenty sites permitted under Phase 1 of the  Plan of Operations remain to be drilled. 

 All drill samples were collected with a reverse circulation drill using  5-foot (1.5-meter) sample intervals. Samples were assayed by ALS  Minerals of Sparks, Nevada. Gold results were determined using standard  fire assay techniques on a 30-gram sample pulp with an atomic  absorption finish. Montezuma QC/QA includes the insertion of standards  and blanks on a regular basis, check assays on select samples, and the  collection of duplicate samples. 

 Project Details  

 The Red Canyon project in Eureka County, Nevada, includes 254 unpatented  lode mining claims (7.9 sq mi/20.6 sq km) on the Battle Mountain-Eureka  Trend and adjoins U.S. Gold's Tonkin Springs property to the west. The  project covers an erosional "window" that exposes hydrothermally  altered and brecciated lower-plate carbonate rocks that are age  equivalent to the rocks hosting Barrick's Cortez Hills gold deposit. 

 South Sleeper Project 

 Montezuma Mines Inc. commenced drilling on the RO Claims (South Sleeper  project) on November 29, 2011.  The project is owned by Geologix (US)  Inc., and Montezuma is the Operator under an Exploration and Option to  Enter Joint Venture Agreement. 

 The claims lie approximately 2 miles (1.6 kilometers) south of the  Sleeper Mine in Humboldt County, Nevada.  Eleven drill sites have been  permitted under a Notice filed with the BLM. 

 Montezuma has previously collected 1,700 soil and soil-gas samples on  east-west oriented lines 100 meters (328 feet) apart with sample  stations at 50 meters (164 feet).  CO(2)/O(2), Soil Gas Hydrocarbon (SGH), low temperature Hg (60º C), Super Trace Au  and soil analyses using aqua regia + ICP-MS multi-element suite (51  elements) were integrated and evaluated before 29 targets were  selected. 

 Induced polarization/resistivity and ground magnetic data were acquired  over the project area.  The IP/resistivity data were acquired on 12  lines using a dipole array with a dipole length of 100 meters (328  feet).  The ground magnetic survey was acquired along east-west lines  with 50-meter (164-foot) line spacing.  Seven major target areas were  developed from the geophysics. 

 Montezuma anticipates that six or seven core holes will be drilled  during the current drill program for a total of 4,000-4,500 feet  (1,220-1,372 meters) in two of the target areas. 

 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 regarding  the drilling and potential of the Red Canyon and South Sleeper project,  the extent of Montezuma's drilling program as well as the ability of  CMQ to continue operations.  Undue reliance should not be placed on  forward-looking statements, which are inherently uncertain. There can  be no assurance that the plans, intentions or expectations upon which  forward-looking statements are based will in fact be realized.   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.  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. 

   

CMQ Resources Inc.


CONTACT:  please contact John Hogg, Chief Executive Officer, CMQ ResourcesInc.,Tel: [phone], E-mail [e-mail] 


    

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