NQ Exploration's drill results reveal potential of near-surface silver zone

NQ Exploration (CVE:NQE) announced Thursday it has discovered strong silver mineralization at its Carheil project in Quebec, from the first hole of its 20,000-metre drill program, boosting the open-pit potential at the site.
The results of hole CA 2011-018, which is also the shallowest hole drilled on the property to date, revealed more and more of the potential of a near-surface silver zone, located 30 metres down, just below the overburden, the company said.
Assays from the hole found 32.0 metres grading 58.3 grams per tonne (g/t) silver, and 0.54% zinc, including a higher grade zone of 16.0 metres at 93.1 g/t silver, and 0.68% zinc.
NQ said these results  call for a review of the deposition model and the metallogenic control of the silver zones, which the exploration company said appear to be larger than anticipated.
The first hole also intersected a copper zone, said NQ, with 2.05% copper and 14.4 g/t silver over 3.0 metres.
The Carheil property lies north of the Abitibi region in eastern Quebec, and consists of 121 claims covering 35.1 square kilometres.
The Laval, Quebec-based company plans to continue definition drilling near surface once it receives the assay results of two other holes drilled to test the near-surface silver zone above the 200-metre level.
Approximately 3,160 metres in nine holes have been drilled to date for NQ's ongoing drill program.
NQ's stock on the TSX-Venture Exchange rose 9.52% to trade at $0.115 per share as of 11:23 am EDT.