QMI Pops on Upper Beaver Results

Resource Stock Digest (09/02/2010)
"The stock popped last week on results from a new series of holes from the deep drilling program on their 100%-owned Upper Beaver property. A total of four holes were reported. These were some excellent drill intersects that will expand the deposit.

The Eastern Deep area had new high-grade intersection extending mineralization to 1,150m. The new pilot hole, UB10-163, has been completed in the deep eastern portion of the deposit intersecting 90.1 gpt gold with 0.33% copper over 3m (2.63 oz. per ton over 9.8 ft.), including 178.7 g/t Au with 0.29% Cu over 1.0m (5.21 oz. per ton over 3.3 ft.). This hole intersected the main eastern porphyry zone ~200m below the previous UB08-139 (30.3 g/t Au or 0.88 oz. per ton with 1% Cu over 20.8m or 68.2 ft.) and UB10-139W2 (23.5 g/t Au or 0.68 oz. per ton with trace Cu over 1.9m or 6.2 ft. and 10.0 g/t Au or 0.29 oz. per ton with 0.50% Cu over 6m or 19.7 ft.). The mineralization in Eastern Deep remains open to the east and to depth."

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