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MetalQuest Mining Inc V.MQM

Alternate Symbol(s):  MQMIF

MetalQuest Mining Inc. is a Canada-based exploration stage company engaged in the acquisition, exploration, and development of mineral properties. The Company owns 100% of Lac Otelnuk Iron Ore Project, which is located in Quebec’s Labrador Trough and is approximately 165 km by air northwest of the Town of Schefferville, and 1200 km northeast of Montreal by air. It owns about 306 mining claims located in Nunavik, Quebec. The Company also owns 2.5 million units of Canadian Copper (CCI) and two NSR royalties totaling 1% in Murray Brook PEA Stage Zinc-Polymetallic Deposit, situated in the Bathurst Mining District, New Brunswick, Eastern Canada. It is further looking to develop one of the largest iron ore projects in North America. The Company is focusing its efforts on developing and growing its asset base. The Company also focuses on pursuing acquisitions globally.


TSXV:MQM - Post by User

Bullboard Posts
Post by Cussyon Jan 31, 2011 5:06pm
297 Views
Post# 18051906

Exactly Right... Good times ahead...

Exactly Right... Good times ahead...From the PR...

"After reviewing drill results provided by Votorantim as part of a due diligence exercise, El Nino Ventures has provided notice to both parties to enter into an Option Agreement on the Murray Brook Deposit. The Company is planing to release these drill results over the next 30 days. ELN believes that the addition of the Properties to the current portfolio of projects under option and joint venture in the Bathurst Mining Camp will increase the potential to add shareholder value. Votorantim continues to explore the region and therefore, the Company has advised Votorantim that it has elected to exercise its right to acquire 50% of Votorantim's interest in the Properties."

Just a fair warning before the BS starts...
Don't give any shares away for peanuts!!!

Cussy, the "hybernating" Windsurfer:)
Bullboard Posts