Q-Gold Resources Ltd. announced that it has commenced a MMI soil geochemical survey over the Foley Mine area on its wholly owned Mine Centre Property ("Property") as part of the 2022 exploration program. The MMITM soil survey is designed over 20 line-km with samples being collected at nominal 50m spacings over the Foley Mine and environs. MMI was chosen over the conventional method of soil sampling due to the lack of suitable B-horizon soil development over the Property.

Of note, MMI was instrumental in the targeting of the exploration drilling which led to the discovery of the Intrepid Zone at Rainy River, owned by New Gold Inc. Once the sample program has been completed, the samples will be shipped to SGS Mineral Services in Burnaby, British Columbia for analyses. Q-Gold holds 10,000+ acres of contiguous mining claims, Crown leases and leasehold patents located within the historic Mine Centre 1890's gold camp, which produced 16,025 ounces of gold from the Foley Gold Mine and the Golden Star Mine. The Foley Gold Mine was first developed in the 1890's, with the sinking of the Foley Shaft to the 400' level.

At this time 10,500 tons of ore at 14 g/t was mined from stopes at the 100' level with 5,267 oz of gold recovered 1898 - 1900. Subsequent work between 1923-27 included an estimated $12 M of total development work, including an offset Shaft 400' - 850', winze 400' to 150' and 2.5+ km of drifts on 7 levels. Operations terminated in 1927 due to the onset of the Great Depression.

Previous drilling conducted by Q-Gold between 2005-2012 established the Foley Gold Mine as a large deposit of gold-bearing veins with an excellent picture of the mine's gold potential from surface to the 122 m level.