Monday 26th June 2017

Resource Clips

Queenston reports Ontario Gold Assays up to 1.6 g/t over 119.5m, 10.1 g/t over 21.9m

Resource Clips - essential news on junior gold mining and junior silver miningQueenston Mining Inc TSX:QMI announced assay results from its Upper Canada property in Kirkland Lake, Ontario. Highlights include

1.6 grams per tonne gold over 119.5 metres
(including 29.7 g/t over 1 metre)
36.4 g/t over 3.7 metres
10.1 g/t over 21.9 metres
(including 37.4 g/t over 5.5 metres)
6.2 g/t over 10 metres
2.5 g/t over 26.5 metres
3.7 g/t over 30.2 metres
(including 10.6 g/t over 6.4 metres)
4.9 g/t over 11.8 metres
4 g/t over 20.4 metres
(including 37 g/t over 1.7 metres)
15.3 g/t over 8.2 metres
2.6 g/t over 21 metres
1.1 g/t over 48 metres

President/CEO Charles Page commented, “Drilling at Upper Canada continues to upgrade and expand the existing mineral resource reported in May 2011. New holes from the C, K and Upper L Zones not only intersected high grade but also confirm the continuity of the mineralization comprising the deposit. Two drills continue to operate as we prepare to update the mineral resource. Upper Canada provides the potential to supply an important source of long-term feed to a future centralized milling complex anchored by the Upper Beaver gold-copper deposit that is being prepared for advanced underground exploration. The company maintains a strong financial position with cash and short term investments of approximately $75 million with an additional $20 million due on August 30 and $30 million on December 3 from the sale of our joint-venture properties to Kirkland Lake Gold Inc.

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Charles Page

or Andreas Curkovic
Investor Relations

Read an interview with President/CEO Charles Page

by Kevin Michael Grace

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