Sunday 23rd October 2016

Resource Clips

Queenston reports Ontario Gold Results as high as 149.48 g/t over 3m

Resource Clips - essential news on junior gold mining and junior silver miningQueenston Mining Inc TSX:QMI announced results from its Bidgood Gold Property in the Kirkland Lake Gold Camp of Ontario. Highlights include

149.48 g/t gold over 3 metres
(including 447.33 g/t over 1 metre)
93.07 g/t over 2.2 metres
214.08 g/t over 0.9 metres
8.82 g/t over 21 metres
(including 332.37 g/t over 0.5 metres)
4.71 g/t over 20.4 metres
(including 42.52 g/t over 1.7 metres)
1.54 g/t over 57.7 metres
(including 12.52 g/t over 1 metre)
3.3 g/t over 17 metres
(including 15.62 g/t over 3 metres)

President/CEO Charles Page stated, “The new drilling has expanded the South Zone, indicating it remains open to the east, west, north and to depth and has shown new shallow and deep potential on the North Zone. Two drills will continue to operate at Bidgood for the balance of the year. We anticipate Bidgood becoming an important source of long-term feed to a future centralized milling complex that will be anchored by our high-grade Upper Beaver Mine. Queenston maintains a strong financial position with cash and short-term investments of approximately $80 million. An additional $50 million cash is due from the sale of joint-venture properties to Kirkland Lake Gold TSX:KGI with instalments of $20 million on August 30 and $30 million on December 3.”

View Company Profile

Charles E. Page
416.364.0001 x 224

or Ann Gibbs-Baines
Investor Relations

or Andreas Curkovic
Investor Relations

Read an interview with President/CEO Charles Page.

by Greg Klein

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