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Message: NR- Q-Gold/Upper Canyon J/V explores extension of Mince Ctr gold/silver zone

NR- Q-Gold/Upper Canyon J/V explores extension of Mince Ctr gold/silver zone

posted on Feb 19, 2010 09:07AM

Q-Gold/Upper Canyon joint venture explores extension of the Mine Centre gold/silver zone

	    SEC 12g 3-2(b) Exemption No. 82-4931

	    FORT FRANCES, ON, Feb. 19 /CNW/ - Q-Gold Resources Ltd. ("Q-Gold" or the
"Corporation") (TSX VENTURE: QGR) (http://www.qgoldresources.com) is pleased
to announce on behalf of its Joint Venture ("JV") with Upper Canyon Minerals
Corp. (TSX Venture: UCM) the launching of a 3.9 kilometre detail Induced
Polarization (IP) ground geophysical survey on prospective extensions of its
recent successful Phase I diamond drilling program on the McKenzie Gray Vein
in the "Nipigon Tract" near Mine Centre, Ontario (see Press Release October
28, 2009). Conductive anomalies indicated by IP will become drill targets for
an early summer (2010) diamond drill program.
	    In 2009, the companies formed the JV covering 2,467.7 acres of gold
prospects in the historic (1890's) gold camp of Mine Centre. In addition to
the 1,143.2 acres in the Nipigon Tract, the JV includes 1,324.5 acres
containing the historic "Golden Star" and "Isabella" producing mines. Q-Gold
is Operator for the JV.

	    <<
	    PHASE I - NIPIGON DRILLING PROGRAM
	    ----------------------------------
	    >>
	    The Phase I drilling program, consisting of 12 "fan" holes drilled from
five closely spaced locations, confirmed and extended by 60 metres a
mineralized zone with a strike length of 90 metres in the McKenzie Gray vein,
discovered by previous owners through diamond drilling in 1992. All 12 holes
encountered zones of significant sulfide mineralization over intervals ranging
up to 11.2 metres (see Table in Press Release of October 28, 2009) at vertical
depths ranging from 44 to 94 metres. Eleven of the holes yielded gold
mineralization, whereas the twelfth encountered significant silver values.
	    The above drilling has delineated a well-mineralized ore shoot that
appears to plunge 45-50 degrees to the northwest. The host structure remains
open in all directions. The IP survey will attempt to extend the mineralized
zone in the McKenzie Gray vein to the northwest for a distance of over 150
metres beyond the known 150 metre mineralized strike/length of the vein.
	    A 1.5 km IP survey will also be conducted on the Jolly Roger vein, a
lightly-explored gold-bearing quartz vein which borders the Finger Lake Shear
Zone within the Nipigon Tract.

	    <<
	    PHASE II - NIPIGON DRILLING PROGRAM
	    -----------------------------------
	    >>
	    Survey results will be analyzed by Q-Gold geologists for conductive
anomalies that could indicate the extension of the gold and silver mineralized
zones within the McKenzie Gray vein to the northwest. Targets will then be
selected for an early summer diamond drilling program.

	    <<
	    GOLDEN STAR AREA
	    ----------------
	    >>
	    A grid has also been established and lines cut for an additional 11.2 km
IP survey encompassing the prospective Golden Star and Isabella Mine areas
upon completion of the Nipigon survey.
	    Historical reports state that the Golden Star Mine produced 10,758 ounces
of gold in the late 1890's until a forest fire destroyed all ground
facilities. (A Qualified Person, as defined by NI 43-101, has not done
sufficient work to verify these historical reports and they should not be
relied upon for any purpose.) Although the area contains a number of
conductive electromagnetic anomalies resulting from airborne geophysical
surveys, and contains a number of gold-bearing quartz veins, it remains only
lightly-explored. Targets identified by IP will also be diamond drilled early
this summer.

	    The technical content of this release was reviewed and approved by Delio
Tortosa, P.Eng., a Qualified Person as defined by National Instrument 43-101.

	    <<
	    ON BEHALF OF Q-GOLD RESOURCES LTD. AND UPPER CANYON MINERALS CORP.

	    "J. Bruce Carruthers"                "Jatinder Bal"
	    J. Bruce Carruthers II               Jatinder (Jack) Bal
	    President                            President & Director
	    Q-GOLD RESOURCES LTD.                UPPER CANYON MINERALS CORP.


	    About Q-Gold Resources Ltd.
	    ---------------------------
	    >>
	    Q-Gold is a Canadian-based mineral exploration company currently
exploring for precious and base metals on its 29,000 acres of Ontario holdings
in the historic Gold Camp at Mine Centre, including 5 historic gold mines. In
addition, the Corporation holds options on seven historic gold and silver
mines in the historic Arizona gold camp of Crown King, and two prospective
copper porphyries and one copper/zinc prospect in Arizona.

	    <<
	    About Upper Canyon Minerals Corp.
	    ---------------------------------
	    >>
	    Upper Canyon Minerals Corp. is a growth oriented mineral-exploration
resource company trading on the TSX Venture Exchange (Symbol: UCM). The
objective of the Company is to enhance its value via high mineralization
resource properties with a goal of advancing them into commercial production.
The Company is currently exploring two properties: the Josefina Silver and
Base Metals Project, located in the Huarochiri Province of Lima, Peru, which
comprises 5600 hectares and includes the past producing Josefina Silver and
Base Metals mine and the Brosner Gold property located near Val d'Or, Abitibi,
in Quebec, Canada. The Brosnor property hosts gold bearing structures,
striking east-west, in which quartz-pyrite-tourmaline veins. The most
important structure identified to date hosts two main gold zones, namely the
Adelemont and Norcourt zones.
	    For all future Q-Gold investor relations needs, investors are asked to
visit the Q-Gold IR Hub at http://www.agoracom.com/IR/Q-Gold where they can
post questions and receive answers within the same day, or simply review
questions and answers posted by other investors. Alternatively, investors are
able to email all questions and correspondence to QAU@agoracom.com where they
can also request addition to the investor email list to receive all future
press releases and updates in real time.

	    The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially form the Company's expectations and
projections. Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.






-30-
	    /For further information: Corporate Inquiries: Q-Gold Resources Ltd., J.
Bruce Carruthers II, President, 1-888-779-0166, http://www.qgoldresources.com;
Investor Relations: AGORACOM Investor Relations,
http://www.agoracom.com/IR/Q-Gold, QAU@Agoracom.com/
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