CMQ Completes Red Canyon Drilling Program and Files Second Quarter Financial Statements

CALGARY, Aug. 26, 2011 /CNW/ -- 
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
 DISSEMINATION IN THE UNITED STATES/


CALGARY, Aug. 26, 2011 /CNW/ - CMQ Resources Inc. ("CMQ") (TSXV: NV)
 announces that CMQ's wholly owned subsidiary, Montezuma Mines Inc.
 ("Montezuma") has completed its August 2011 drill program on its Red
 Canyon property.


Eight holes were drilled using reverse circulation method to a total
 depth of 5,265 feet.  An eighth hole was drilled as one hole was lost
 in caving ground.  The seven remaining holes were terminated as planned
 in the Lone Mountain Dolomite formation. All holes have significant
 zones of de-calcification, clays, silicification, and are oxidized to
 the bottom of the holes. The collected samples have been sent for
 assay.


Red Canyon is a sediment-hosted gold project in Eureka County, Nevada.
 The Red Canyon project includes 237 unpatented lode mining claims (7.7
 square miles / 19.8 square kilometers) 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 oxidized and
 silicified lower-plate carbonate rocks over a three square mile area
 (7.8 sq. km.).  Miranda Gold Corp. is CMQ's joint venture partner on
 the Red Canyon project.


CMQ has prepared and filed its quarterly financial statements and
 management and discussion analysis for the quarter ended June 30, 2011.
 Those filings can be viewed on SEDAR at www.sedar.com.


John Hogg, Chief Executive Officer, 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. 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.


To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/26/c6675.html



p John Hogg, Chief Executive Officer, CMQ Resources Inc. 775-778-3693 /p 

Copyright