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QGX takes steps to convert Central Valley Zone exploration license to a mining license |
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Thursday, 23 August 2007 |
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QGX Ltd. (TSX: QGX ) announced
Wednesday that drilling has begun at the Central Valley Zone of the
Golden Hills site in western Mongolia.
The Central Valley Zone site
is believed to contain large deposits of copper, gold and silver.
The drilling at the site is
meant to fulfill requirements to convert the company’s exploration
license to a mining license. As part of the process to obtain a mining
license for the Central Valley Zone, QGX drilling will determine the
location, quantity, and quality of water present in the area.
The drilling will include work
on five holes for a total of 750 meters. Other studies underway include
an environmental baseline study, a mining and milling progress design
study, a preliminary feasibility study, and completion of a geological
resource report.
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