CMQ Announces Drilling Results on South Sleeper Project

    




 CALGARY, Feb. 28, 2012 /CNW/ - CMQ Resources Inc.  ("CMQ") is  pleased to report drill results for a five-hole core drilling program  at the South Sleeper (RO claims) epithermal gold project in Humboldt  County, Nevada.  The project is being explored under an "Exploration  and Option to Enter Joint Venture Agreement" with Geologix (US) Inc. 

 Montezuma Mines Inc. ("Montezuma"), a wholly owned subsidiary of CMQ,  completed a 4,408-foot (1,444-meter) drilling program designed to  partially test two of seven anomalous areas.  Eleven sites have been  permitted under a Notice with the BLM. 

 All five holes were completed to target depth.  The Sleeper rhyolite was  drilled in four of the five holes.  The underlying Intermediate lavas  were drilled in all holes.  The rhyolite exhibits flow and flow-dome  complex features.  Argillic and silicic alteration, as well as  pyrite-marcasite veinlets and disseminations, have been observed in the  rhyolite and lavas.  The drilling results provide evidence that the  migration of hydrothermal fluids was controlled by flat-lying breccias  zones and high-angle fracture zones, the same geologic features of  exploration significance controlling the gold mineralization at the  Sleeper Mine.  The data confirms that the two anomalies drilled lie in  an area of fault zones that control hydrothermal alteration southward  from Sleeper. 

 Significant drill intercepts, defined as mineralization grading 0.005 oz  Au/t (0.185 g Au/t) or better over 5 feet (1.5 meters) or longer, are  presented in the table below. 




     ___________________________________________________________________
    | Drill |Intercept |Length |oz Au/t|oz Ag/t|Length (m)|g Au/t|g Ag/t|
    | Hole  |   (ft)   | (ft)  |       |       |          |      |      |
    |_______|__________|_______|_______|_______|__________|______|______|
    |MS11-01|  150-160 |   10  | 0.005 |       |    3.05  | 0.19 |      |
    |_______|__________|_______|_______|_______|__________|______|______|
    |       |  170-180 |   10  | 0.006 |       |    3.05  | 0.21 |      |
    |_______|__________|_______|_______|_______|__________|______|______|
    |MS11-02|  200-210 |   10  |  0.28 |       |    3.05  | 9.48 |      |
    |_______|__________|_______|_______|_______|__________|______|______|
    |       |  600-605 |    5  |       |  6.48 |    3.05  |      |  222 |
    |_______|__________|_______|_______|_______|__________|______|______|
    |MS11-03|  200-205 |    5  | 0.010 |       |    1.50  | 0.38 |      |
    |_______|__________|_______|_______|_______|__________|______|______|





 True thicknesses are not known.  All samples were collected with a core  drill and sawn in half using a diamond saw.  Half the core was  submitted and 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.  Trace elements,  including silver, were assayed using an ME-ICP 41 method.  Montezuma  QA/QC 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 South Sleeper (RO claims) project in Humboldt County, Nevada,  includes 60 unpatented lode mining claims (1.7 square miles/4.4 square  kilometers) lying 1.5 miles (2.4 kilometers) south of the Sleeper  Mine.  The targets are bonanza-grade veins, marcasite-cemented breccias  and stockwork. 

 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:  John Hogg, Chief Executive Officer, CMQ Resources Inc., Tel:[phone], E-mail [e-mail] 


    

Copyright