Mill Bay partner CMQ starts drilling in Nevada
2007-09-26 11:26 ET - News Release
Also News Release (C-CMQ) CMQ Resources Inc
Mr. William Glasier of Mill Bay reports
CMQ RESOURCES INC. STARTS DRILLING AN UP TO FOUR HOLE EXPLORATION PROGRAM TARGETING THE LOWER PLATE CARBONATES AT VALMY HILL AND NORTHWEST CORRIDOR ON MILL BAY VENTURES' LODE MINING CLAIMS IN NEVADA
CMQ Resources Inc. has started drilling an up to four-hole exploration program targeting the lower-plate carbonates at Valmy Hill and Northwest corridor on Mill Bay Ventures Inc.'s lode mining claims in Nevada.
During the fall of 2006, CMQ Resources completed three holes totalling 4,248 feet of drilling, including 1,441 feet of coring in the Valmy Hill focus area approximately two miles north of Hot Springs North. The Valmy Hill area exhibits surface mineralization that may indicate leakage from potential orebodies in carbonate rocks at depth.
The gold concentrations in these drill holes are not significant commercially, but the thicknesses are very encouraging. CMQ believes that considering the presence of highly altered lower-plate carbonates and the substantial thicknesses of low concentrations of gold, continued nearby exploration could yield significant results.
John Hogg, vice-president of exploration for Vasquir Mines, is a qualified person, as defined by National Instrument 43-101, has approved the above information quoted from CMQ's Jan. 25, 2007, press release in Stockwatch.
Mill Bay JV partner CMQ to drill four more holes
June 21 2007 - News Release
Also CMQ Resources Inc (C:CMQ) News Release
Mr. William Glasier of Mill Bay reports
CMQ RESOURCES INC. HITS LOWER PLATE CARBONATES AT VALMY HILL ON MILL BAY VENTURES' LODE MINING CLAIMS IN NEVADA IN 2006.
Mill Bay Ventures Inc. has been notified by its partner, CMQ Resources Inc., that it plans to drill four more holes this year. Drilling is planned to be completed by Nov. 15, 2007.
CMQ Resources reports, "During the fall of 2006, CMQ completed three holes totalling 4,248 feet of drilling, including 1,441 feet of coring in the Valmy Hill focus area, approximately two miles north of Hot Springs North. The Valmy Hill area exhibits surface mineralization that may indicate leakage from potential orebodies in carbonate rocks at depth.
"The gold concentrations in these drill holes are not significant commercially, but the thicknesses are very encouraging. CMQ believes that considering the presence of highly altered lower plate carbonates and the substantial thicknesses of low concentrations of gold, continued nearby exploration could yield significant results."
John Hogg, vice-president of exploration for Vasquir Mines, a qualified person, as defined by National Instrument 43-101, has approved this press release.
CMQ RESOURCES INC. HITS LOWER PLATE CARBONATES AT VALMY HILL
ON MILL BAY VENTURES∂ LODE MINING CLAIMS IN NEVADA
Date: February 7 , 2007
CMQ Resources Inc. reports, ∏during the fall of 2006, CMQ completed 3 holes totaling 4,248 feet of drilling, including 1,441 feet of coring in the Valmy Hill focus area approximately two miles north of Hot Springs North. The Valmy Hill area exhibits surface mineralization that may indicate leakage from potential ore bodies in carbonate rocks at depth.
The gold concentrations in these drill holes are not significant commercially, but the thicknesses are very encouraging. CMQ believes that considering the presence of highly altered lower plate carbonates and the substantial thicknesses of low concentrations of gold, continued nearby exploration could yield significant results.
Drill hole V06-05, CMQ's first hole in the Valmy Hill focus area, was completed to a depth of 2,023 feet. This hole was originally targeted for a total depth of 1,600 feet and was not expected to encounter the sought-after lower-plate carbonate formations for at least the first thousand feet. CMQ was very encouraged to find that drilling encountered highly carbonaceous lower plate dolomitic siltstones and mudstones from approximately 180 feet and continuing to the total depth drilled. The hole was drilled using a mud rotary system to 1,680 feet and with core drilling thereafter. From approximately 1,850 feet to 1,980 feet, the observed core was highly altered and appeared to have experienced significant fluid transmission, dissolution and collapse. Eight geochemically anomalous intervals (from 11 ppb to 432 ppb gold) occur from five to 190 feet in thickness, the best interval being a continuous 60-foot interval from 130 to 190 feet in depth averaging 299 parts per billion gold. For this section of the hole 10-foot intervals were sampled using mud rotary drilling methods.
Drill hole V06-06 was drilled to a depth of 1,162 feet, where the hole was terminated due to severe caving. The mud rotary portion of the hole was drilled to a depth of 760 feet, and from 760 feet to 1,162 feet was cored. Lower-plate dolomite was encountered at a depth of 650 feet. From 760 feet to the bottom of the hole, decalcified micritic limestones, muddy limestones, black carbonaceous limestones, mudstones, and limestones with significant debris flows and collapse breccias occur, with some intervals containing up to 5% pyrite. The hole contained a 20-foot interval from 110 to 130 feet averaging 356 ppb gold. The samples were 10-foot samples acquired by mud rotary drilling methods.
Drill hole V06-07 was completed to a depth of 1,063 feet, where the hole was terminated due to severe caving. Mud rotary drilling methods were used to a depth of 367 feet, and the hole was continued using coring to the depth of 1,063 feet. The hole was drilled in conglomerates, cherts, siltstones, quartzites, sandstones, siltstones and minor limestones to a depth of 1,035 feet, where lower-plate decalcified, moderately silicified and highly carbonaceous mudstones were encountered. These sediments continued to the bottom of the hole. This hole was again geochemically anomalous in gold and other Carlin-suite elements over long intervals.∑
MBV's Sept. 26 press release covers CMQ's exploration program and the approved drill sites. Drill holes VO6-05-06-07 are on MBV's leased land to CMQ. MBV receives annual payments , CMQ shares and a 3% NSR is tied to the property. See details of the agreement on MBV's website. www.millbayventures.com
John Hogg, VP of Exploration for Vasquir Mines, is a qualified person, as defined by National Instrument 43-101, has approved the above information quoted from CMQ∂s Jan. 25/07 press release.
Mill Bay is actively evaluating, acquiring and exploring prospective properties in Canada and the United States. Mill Bay also has gold properties in Bridge River, British Columbia and in the Battle Mountain Trend, Nevada. For more information about current properties, please see website: www.millbayventures.com <http://www.millbayventures.com>
Mill Bay leasee completes first hole at Valmy Hill
November 6, 2006 - News Release
Mr. William Glasier reports
FIRST DRILL HOLE SHOWS ENCOURAGING RESULTS ON MILL BAY VENTURES' LODE MINING CLAIMS IN NEVADA LEASED TO CMQ RESOURCES INC.
Drilling of CMQ Resources Inc.'s first hole in the Valmy Hill focus area, approximately two miles north of Hot Springs North, was completed on Nov. 3, 2006, to a depth of 2,023 feet, on land leased from Mill Bay Ventures Inc.
The Valmy Hill area exhibits surface mineralization which may indicate leakage from potential orebodies in carbonate rocks at depth. This first hole was originally targeted for 1,600 feet and expected to encounter volcanics and the Valmy formation for at least the first 1,000 feet. Drilling encountered highly carbonaceous dolomitic siltstones and mudstones from approximately 180 feet and continuing to the total depth drilled. The hole was drilled using a mud rotary system to 1,680 feet and with core drilling thereafter. From approximately 1,850 feet to 1,980 feet the observed core was highly altered and appeared to have experienced significant fluid transmission, dissolution and collapse, important characteristics of Carlin-type carbonate-hosted gold deposits.
CMQ is very encouraged by the early indications of this drilling and final assay results should be available in January, 2007, from ALS-Chemex. Two more holes are expected to be completed in the Valmy Hill focus area in 2006, weather permitting. John Hogg, vice-president, exploration, Vasquir Mines, is a qualified person, as defined by National Instrument 43-101, and has approved this press release.
Mill Bay and CMQ begin drilling on Lode claims
Mill Bay Ventures Inc (C:MBV) Shares Issued 44,999,698Last Close 9/27/2006 $0.065Thursday September 28 2006 - News Release
Also CMQ Resources Inc (C:CMQ) News Release
Mr. William Glasier of Mill Bay reports
DRILLING STARTS ON MILL BAY VENTURES' LODE MINING CLAIMS IN NEVADA BY CMQ RESOURCES INC.
Mill Bay Ventures Inc., further to the company's news in Stockwatch dated Sept. 26, 2005, has been informed that CMQ Resources Inc. has commenced drilling on four Bureau of Land Management approved drill sites. It is expected that three holes will be drilled to a depth of approximately 1,600 feet this year and that will take at least 50 days to complete the program. The company has also received the second advanced royalty payment of $40,000 (U.S.) and 100,000 common shares of CMQ are being issued to the company.
John Hogg, vice-president of exploration for Vasquir Mines, a qualified person as defined by National Instrument 43-101, has approved this press release. Mill Bay is actively evaluating, acquiring and exploring prospective properties in Canada and the United States
Mill Bay leasing Nevada ground to CMQ
Mr. William Glasier of Mill Bay reports
Mill Bay Ventures Inc., through its wholly owned subsidiary
Golden Reef Mining Co. Inc., owns certain mining claims
known as the E&E group and DH group, consisting of 54
unpatented mining claims, all located in Eureka county,
Nevada.
Golden Reef has granted a 10-year mining lease to Vasquir
Mines Inc., a subsidiary of CMQ Resources Inc., of the E&E
group and the DH group, subject to 3-per-cent net smelter
return, in consideration of the following minimum advance
royalty payments (in U.S. dollars), CMQ shares and minimum
work commitments:
ADVANCE COMMON MINIMUM
WORK |
Date |
Royalty |
Stock |
Commitment (Oct. 1) |
2005 |
$ 35,000 |
100,000 |
- |
2006 |
$ 40,000 |
100,000 |
None |
2007 |
$ 50,000 |
100,000 |
10,000 ft |
2008 |
$ 75,000 |
100,000 |
12,000 ft |
2009 |
$ 75,000 |
500,000 |
15,000 ft |
Subsequent years $150,000 royalty
The common stock will be made in the form of CMQ shares valued
at 43 Canadian cents.
|