QGX reports that AMEC Americas (Vancouver) is currently finishing a metallurgical laboratory program on the gold and silver contained in oxide (gossan) at the Central Valley Zone of the Golden Hills project. 

The objective of the study is to optimize an agitated vat leach process to provide the best recovery for the oxide material. The scope of work was designed to provide the required process data to support a pre-feasibility study. 

 Chlumsky, Ambrose, and Meyer (CAM) of Denver, Colorado, have completed a preliminary financial model for the Central Valley Zone. QGX is reviewing the model with CAM and expects a final report to be available early in 2007.

 QGX filed in October 2005 an independent NI 43-101 report outlining a polymetallic resource at the Central Valley Zone of Golden Hills.

 QGX has discovered three types of mineralization occurring over a strike length of 2.4 km. The three main types of mineralization discovered at CVZ are copper-gold-silver in massive sulphides, gold-silver in gossan (oxides) and high-grade gold-silver in quartz-telluride veins. There is a resource of at least 3.3 million ounces gold-equivalent. www.qgxgold.com

News sourced from International Mining Project News - www.im-mining.com