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Crescent Valley, Nevada
Since 1999, CMQ Resources Inc. and its wholly-owned subsidiaries have explored the Crescent Valley, Nevada, for potential district-size Carlin-type structures based on the now widely accepted basin extension model. CMQ controls approximately 21,900 acres, a major portion of the east side of Crescent Valley between the prolific Carlin and Cortez Districts of Nevada . Adjacent to Crescent Valley , the Cortez Joint Venture (60:40 Barrick/Kennecott) is currently developing the Cortez Hills ore body, a shallow multi-million ounce gold deposit with mineralized zones of 300-900 foot thickness. Recent exploration in the area has focused primarily on Carlin-type ore bodies in proximity to the margins of the late Jurassic-aged Gold Acres and Mill Canyon stocks at depths from 500 to 3,000 feet. Target zones are in lower plate stratigraphy coincident with the east margin of the Northern Nevada Rift, a north trending post-mineralization rifting event that separated the east and west sides of the Crescent Valley.
CMQ has been successful in identifying a previously unknown district-size target on the Montezuma property. The target is a Carlin-type system cored by a Jurassic-aged intrusive body and a geochemically anomalous horst target that could potentially host a new gold system similar to the nearby 1,000,000+ annual ounce Pipeline-Cortez complex in the Crescent Valley . The Montezuma property target has been tested on the east side of the Montezuma intrusive without discovery of an ore body. The north, south and west sides of the intrusive remain untested. The Montezuma intrusive body has been proven to be the same age as, and is likely genetically related to, the Gold Acres intrusive body 10 miles from the south end of the Montezuma intrusive.
CMQ's Vasquir property lies immediately to the north of the Montezuma property. At Vasquir CMQ has identified three main focus areas: Hot Springs North, Northwest Corridor, and Valmy Hill. Highly altered carbonate rocks were encountered by drilling in 2005, 2006 and 2007 in these areas.
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