QGX Ltd fka QGX

[Frank Pembleton]

QGX Ltd.: Extension of Porphyry Belt in Southeastern Mongolia

WATERDOWN, ONTARIO--QGX Ltd. (TSX.V: QGX) announces that it was acquired several licenses covering approximately 10,000 sq km in southeastern Mongolia that are prospective for porphyry Cu-Au deposits. The area was selected on the basis of regional tectonic and metallogenic analysis and is considered to represent the faulted and offset continuation of the Cu-Au porphyry belt of southern Mongolia hosting Cu-porphyry deposits such as Oyu Tolgoi, Tsagaan Suvargaa, Kharmagtai, and Shuteen. QGX believes that the southeastern belt, which has had very little prior exploration, holds similar potential to the southern Mongolia belt for hosting world-class porphyry Cu-Au deposits.

http://biz.yahoo.com/ccn/030516/b96818160befbcf5153a04917bf8ab13_1.html