QGX is a Canadian based mineral exploration company that has been exploring for mineral deposits in Mongolia since 1994. Mongolia may be considered one of the "last frontiers" for mineral exploration. The geology is highly prospective for large-scale mineral deposits but the country is vastly under-explored.
QGX was the first western company to acquire a mineral exploration license in Mongolia following the country's transition from Soviet control to a democracy in the early 1990's. The Company has an extensive knowledge base of the geology of Mongolia, having operated several large-scale as well as detailed exploration programs in the country since 1994. QGX is also very well known and respected in Mongolia, having maintained an active presence in the country since 1994 and having spent over $20 million on it's Mongolian exploration programs to date.
QGX currently holds exploration licenses covering over 40,000 sq. km. throughout Mongolia that are prospective for a wide variety of mineral targets. The Company's primary objective is the discovery of one or more world-class gold deposits with attractive economics. QGX is currently conducting exploration on multiple properties throughout Mongolia and has joint venture agreements in place on two advanced prospects that are being explored by Ivanhoe Mines Ltd.