Monday 24th October 2016

Resource Clips

Queenston reports Ontario Gold Assays up to 8.2 g/t over 10.7m, 5.46 g/t over 10.1m

Resource Clips - essential news on junior gold mining and junior silver miningQueenston Mining Inc TSX:QMI announced assay results from its 100%-owned AK property located in Kirkland Lake, Ontario. Highlights include

11.32 grams per tonne gold over 4.2 metres
3.14 g/t over 10.5 metres
5.46 g/t over 10.1 metres
4.58 g/t over 5.1 metres
8.2 g/t over 10.7 metres
(including 14.5 g/t over 5.9 metres)
7.58 g/t over 3 metres
1.2 g/t over 7 metres
2.37 g/t over 3.4 metres

President/CEO Charles Page commented, “Drilling has intersected high-grade gold mineralization 100 metres above the western portion of the AK deposit at 200 metres below surface. This drilling is expanding the deposit that continues to remain open towards surface, to the west and to depth. The Company is also pleased to announce that drilling has commenced on the property targeting an area 700 metres below the deposit that may structurally be linked to the SMC orebody currently being mined and explored by KL Gold on the adjacent Macassa mine. The initial pilot hole is in progress from which a series of wedge holes will be completed. The Company views the AK property as providing a source of feed to a future centralized milling complex to initially be constructed and support our flagship Upper Beaver project located 20 kilometres to the east in Gauthier Township. The Company maintains a strong financial position with cash and short-term investments of approximately $70 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.

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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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