Q-Gold Resources has commenced the third phase of diamond drilling at the historic Foley Shaft area within its Mine Centre project in Northern Ontario

Core Viewpoint - Q-Gold Resources Ltd. has initiated its Phase 3 diamond drilling program at the Foley Shaft, part of the Mine Centre Project in northwestern Ontario, aiming to define a NI-43-101 compliant mineral resource [1][4]. Group 1: Drilling Program Details - The Phase 3 program includes drilling six holes, with the first hole (Q25-23) already completed, targeting the Zinc vein based on promising results from the previous Phase 2 campaign [1][2]. - The first hole intersected 1.5 meters of quartz vein containing pyrite, chalcopyrite, sphalerite, and galena, confirming significant mineralization within the Zinc vein structure [5][3]. - The program aims to further define mineralized zones and test for continuity of high-grade structures to support future resource delineation efforts [3][4]. Group 2: Historical Context and Property Overview - The Mine Centre property encompasses over 10,000 acres of mining claims and has a historical production of 16,025 ounces of gold from the Foley Gold Mine [9][10]. - The Foley Gold Mine was developed in the 1890s, with significant historical production and development work, including 10,500 tons of ore mined at 14 g/t gold [10]. - The property is strategically located with access to Highway 11 and proximity to major gold discoveries, enhancing its exploration potential [11]. Group 3: Future Exploration Potential - Additional targets on the property include the McKenzie Gray Vein System and other high-potential gold vein prospects, indicating significant exploration opportunities [12]. - The company is leveraging modern exploration techniques to unlock the potential of this underexplored historic mining district [4].