Queenston Reports New Drill Results From Bidgood-Kirkland East Project Including: 71.8 g/t Au Over 2.35 m and 0.80 g/t Au Over 85.95 m
TORONTO, ONTARIO -- (Marketwire) -- 06/09/11 -- QUEENSTON MINING INC. (TSX: QMI)(FRANKFURT: QMI) ('the Company') is pleased to announce results from an additional 54 diamond drill holes (10,422 metres) completed on the 100% owned Bidgood property located in Lebel Township, Kirkland Lake, Ontario.
Results are reported for holes that targeted the potential for both open pit and narrow high-grade mineralization on the North and South Zones (31 holes for 4,715 m) within the Bidgood Mine sequence and the Boundary Zone (10 holes for 1,589 m) located on the eastern portion of the property. An additional 13 holes (4,118 m) targeted the Mud Lake area located west and along trend of the Bidgood Mine sequence. Since the drilling commenced in mid-2010, 109 holes (18,427 m) have been reported from the Bidgood mine area (or 132 holes of 24,134 m from the total Lebel Property). (Note: the holes have not been drilled in numerical order). The location of the zones subject to the drilling program are outlined in Figure 1 accompanying this news release and available on the Company's web site at www.queenston.ca.
Highlights from the new holes:
-- 3.0 g/t Au over 71.05 m (including 71.8 g/t Au over 2.35 m that includes
144.6 g/t Au over 1.1 m) (South Zone-#20 vein) in hole BG11-117
-- 10.8 g/t Au over 3.0 m and 7.3 g/t Au over 5.0 m (including 18.5 g/t Au
over 1.85 m) (South Zone) in hole BG11-109
-- 12.2 g/t Au over 1.05 m (South Zone, #20 Vein) in hole BG11-114A
-- 0.8 g/t Au over 85.95 m (including 1.3 g/t Au over 30.5 m that includes
5.7 g/t Au over 0.8 m and 4.1 g/t Au over 0.8 m) (South Zone) in hole
BG11-116
-- 2.0 g/t Au over 21.6 m and 1.1 g/t Au over 14.8 m (South Zone) in hole
BG11-115
-- 1.0 g/t Au over 11.05 m (South Zone) in hole BG11-110
-- 1.4 g/t Au over 31.4 m (including 19.3 g/t Au over 0.9 m) (South Zone)
in hole BG11-111
-- 1.2 g/t Au over 11.25 m (South Zone-#11 vein) in hole BG10-57
-- 6.4 g/t Au over 2.45 m (including 17.0 g/t Au over 0.65 m) (South Zone-
#11 vein) in hole BG10-98
-- 32.1 g/t Au over 1.7 m (North Zone) in hole BG10-99
-- 1.1 g/t Au over 20.1 m (including 6.1 g/t Au over 1.1 m) (North Zone) in
hole BG10-104
-- 1.4 g/t Au over 20.0 m (Boundary Zone) in hole BZ11-41
-- 4.3 g/t Au over 7.5 m (including 18.6 g/t Au over 1.5 m) (Boundary Zone)
in hole BZ11-46
-- 1.0 g/t Au over 14.4 m (including 5.0 g/t Au over 0.6 m) (Boundary Zone)
in hole BZ11-39
-- 7.7 g/t Au over 1.3 m and 5.3 g/t Au over 1.05 m (exploration - East
Bidgood) in hole BG10-43
Charles E. Page, President and CEO of Queenston said, 'We are pleased with the recent results from the project as drilling continues to intersect quality gold values that extend the mineralization along the Bidgood Mine sequence. Sufficient drilling has now been completed to display continuity and to establish an initial mineral resource at the South and Boundary Zones. An NI 43-101 mineral resource is being prepared and is anticipated to be completed early in the third quarter. Drilling continues on the property with two rigs primarily targeting the South Zone veins along strike and to depth'.
Significant assay results from the new holes are shown in Table 1. Previous results from the Bidgood property can be found in press releases dated June 10th, July 7th, September 23rd, 2010, January 13 and February 14, 2011 and available at the Company's website.
The 3,100-acre Bidgood property hosts the past-producing Bidgood Mine that historically produced 165,000 oz of gold from 1934-51 at a recovered grade of 9.2 g/t Au. The current drilling program, employing two diamond drill rigs, is focused along the Bidgood Mine gold corridor which has not been effectively explored since the mine shut down. The current program is targeting the numerous vein systems that remain open above, below and along trend of the mine footprint. At the North Zones, near the Bidgood #2 shaft, the drilling is targeting primarily narrow, high-grade mineralization. The South Zones located in the vicinity of the Moffat Hall shaft, display the potential for both high-grade and low-grade near surface mineralization with the potential for developing an open-pit resource.
SOUTH ZONE
The #1 and #2 Veins that were previously developed with limited mining from the 46 m to 91 m levels have been drilled at 10-20 m centres. To date 56 holes have targeted this area. The #1 and #2 Veins display excellent continuity with dimensions now extended to 200 metres horizontal (formerly 100 metres) by 150 metres vertical with mineralization remaining open along strike and to depth.
The new drilling has been successful in extending the shallow #1 and #2 Veins mineralization to the northeast where the zone remains open, while expanding 30 m north with a view for testing the potential for an additional open pit target, the #20 Vein. The highest grade intersection from the drilling from this area of the property was 71.8 g/t Au over 2.35 m (hole BG11-117) including a 1.1 m interval containing visible gold assaying 144.6 g/t. This was part of a larger intersection of 3.0 g/t Au over 71.05 m which bridges the gap between the #1/#2 veins and the #20 vein, greatly increasing the potential for an increased pit. Hole BG11-116 intersected 0.8 g/t Au over 85.95 m (including 5.7 g/t Au over 0.8 m) and represents a 29 m step-out east from previous drill hole BG10-78 (0.8 g/t Au over 72.8 m, including 12.8 g/t Au over 0.7 m). Hole BG11-115 intersected 2.0 g/t Au over 21.6 m, and 1.1 g/t Au over 14.8 m at 27 metres above BG11-116. Hole BG11-109 intersected the zones of mineralization assaying 10.8 g/t Au over 3.0 m, 1.0 g/t Au over 7.95 m, and 7.3 g/t Au over 5.0 m approximately 70 m above hole BG11-116. Holes BG11-110 (1.1 g/t Au over 11.05 m) and BG11-111 (1.4 g/t Au over 31.4 m) are 15 m west and 15 m below BG11-109 (10.8 g/t Au over 3.0 m and 7.3 g/t Au over 5.0 m).
Hole BG11-114A intersected 12.2 g/t Au over 1.05 m in the #20 vein, while some of the other holes ended at mine openings. Another South Zone vein, the #11, returned 6.4 g/t Au over 2.45 m (including 17.0 g/t Au over 0.65 m) in hole BG10-98, and 1.2 g/t Au over 11.25 m in hole BG10-57 on 20 metre centres in the vicinity of previously-released hole BG10-60 (2.2 g/t Au over 6.75 m including 9.3 g/t Au over 0.9 m).
NORTH ZONE
Drilling also targeted the North Zone on 20 m centres in the vicinity of previously-released hole BG10-52 that had intersected 5.26 g/t Au over 6.75 m, including 15.94 g/t Au over 1.5 m. Significant results from the new drilling returned 32.1 g/t Au over 1.7 m (hole BG10-99), 8.2 g/t Au over 1.05 m and 1.1 g/t over 11.05 (hole BG10-102) and 1.1 g/t Au over 20.1 m, including 6.1 g/t Au over 1.1 m (hole BG10-104). Also in the North Zone further sampling of previous hole BG10-03 revealed an interval assaying 15.2 g/t Au over 0.8 m where deeper in this hole a previous high-grade interval of 19.51 g/t Au over 5.20 m was reported. The North Zone remains open to the northeast and to depth.
BOUNDARY ZONE
Nine drill holes targeted the Boundary Zone, located 1,000 metres east of the Bidgood Mine. These were intended to extend the 200 metre strike length of the known mineralization above and below previous drilling. The Boundary Zone comprises two sub-zone vein systems; the upper Perreault and lower Robert. The Perreault vein outcrops on surface and ranges from 6.7 to 25.1 m thick comprised of 3-20% coarse disseminated pyrite in silicified and altered porphyry and sediments and has returned previously-reported results of 2.1 g/t Au over 20.0 m (hole BZ09-04), 1.1 g/t Au over 29.6 m (hole BZ09-08) and 1.7 g/t Au over 17.6 m (hole BZ09-15). The Robert vein system is sub-parallel, approximately 20 m below the Perreault zone and is discontinuous. The Robert zone is generally narrower, reporting widths of less than 1 m containing previously-released high grades including 25.2 g/t Au over 0.75 m (BZ09-03), 12.8 g/t Au over 0.6 m (BZ09-10) and 12.1 g/t Au over 0.6 m (BZ10-16).
Hole BZ11-41 intersected 1.4 g/t Au over 20.0 m at 25 m above previously released hole BZ10-36 (1.2 g/t Au over 20.3 m) at the west end of the Perreault Vein. Hole BZ11-39 intersected 1.0 g/t Au over 14.4 m at 25 m above previously released hole LB08-23 (2.0 g/t Au over 13.7 m, within 1.6 g/t Au over 26.5 m). Hole BZ11-46 was drilled beyond the east limit of the Boundary Zone to follow a porphyry contact. It returned 4.3 g/t Au over 7.5 m (including 18.6 g/t Au over 1.5 m). BG10-43, an exploratory hole drilled beyond the west end of the mineralization, intersected 7.7 g/t Au over 1.3 m plus 5.3 g/t Au over 1.05 m. It is uncertain what these intercepts correlate with at this time but the rock types found are the same diorite and porphyry that host the Bidgood mineralization. The Boundary Zone remains open to the west and to depth. One hole was lost at 23 metres.
MUD LAKE AREA
Thirteen holes were completed in the vicinity of Mud Lake located approximately 1,000 m west of the North and South Zones. This drilling focused on testing both historic mineralization and a broad quartz-stockwork zone located east along the structural corridor that hosts the Bidgood mine sequence. Previous drilling from this area in 2008 discovered the King Quartz Stockwork (KQS) Zone that has been traced over 1,600 m and up to 114 m wide containing anomalous gold and copper values. Previous hole L08-35 returned assay results of 0.52 g/t Au over 17.8 m and 0.83 g/t Au over 11.5 m. The new drilling, exploring the outer edges of the KQS, intersected generally narrow zones of gold mineralization with best intersections of 1.0 g/t Au over 3.70 m (hole ML11-01), 1.0 g/t Au over 4.80 m (hole ML11-02), 0.9 g/t Au over 8.10 m and 1.3 g/t Au over 4.50 m (hole ML11-08).
Two drills continue to operate on the property. One rig is extending veins within the South Zone east and west and will also begin to test other veins to the north and south. The second rig will follow-up on a deeper drill hole approximately 165 m below the #1 and #2 Veins completed in 2007 that intersected 8.3 g/t Au over 2.6 m and will eventually drill below the mine workings.
Table 1. Lebel Property - Significant New Drill Results
----------------------------------------------------------------------------
FROM TO Interval Gold
HOLE # AZIMUTH DIP ZONE (m) (m) (m) (g/t)
----------------------------------------------------------------------------
BG10-03(i) 93.0 -68.0 NORTH 51.75 53.50 1.75 1.31
----------------------------------------------------------------------------
61.20 63.00 1.80 1.85
----------------------------------------------------------------------------
NEW 67.20 68.00 0.80 15.19
----------------------------------------------------------------------------
300.60 301.40 0.80 1.54
----------------------------------------------------------------------------
21 VEIN 325.50 326.20 0.70 1.82
----------------------------------------------------------------------------
331.30 339.23 7.93 0.94
----------------------------------------------------------------------------
341.20 346.40 5.20 19.51
----------------------------------------------------------------------------
including 341.20 342.00 0.80 107.00
----------------------------------------------------------------------------
and 344.70 346.40 1.70 5.51
----------------------------------------------------------------------------
BG10-10(i) 140.4 -78.0 SOUTH 9.30 9.80 0.50 0.75
----------------------------------------------------------------------------
11.90 33.20 21.3 4.96
----------------------------------------------------------------------------
including 24.00 31.20 7.20 11.70
----------------------------------------------------------------------------
NEW 262.50 263.45 0.95 1.44
----------------------------------------------------------------------------
NEW 272.90 277.50 4.60 1.80
----------------------------------------------------------------------------
including 272.90 274.00 1.10 3.50
----------------------------------------------------------------------------
NEW 281.60 285.00 3.40 1.13
----------------------------------------------------------------------------
NEW 378.50 379.60 1.10 1.10
----------------------------------------------------------------------------
BG10-38(i) 80.0 -62.0 NORTH 166.40 167.70 1.30 1.17
----------------------------------------------------------------------------
169.90 202.25 32.35 0.88
----------------------------------------------------------------------------
including 169.90 181.80 11.90 1.14
----------------------------------------------------------------------------
and 200.70 202.25 1.55 5.49
----------------------------------------------------------------------------
342.00 342.90 0.9 23.14
----------------------------------------------------------------------------
416.35 417.40 1.05 1.34
----------------------------------------------------------------------------
BG10-43 187.0 -66.1 SOUTH 177.90 182.00 4.10 1.03
----------------------------------------------------------------------------
NEW 200.55 201.60 1.05 5.30
----------------------------------------------------------------------------
NEW 248.55 250.60 2.05 1.21
----------------------------------------------------------------------------
NEW 260.70 261.50 0.80 0.96
----------------------------------------------------------------------------
NEW 282.10 284.50 2.40 1.14
----------------------------------------------------------------------------
399.00 400.30 1.30 7.72
----------------------------------------------------------------------------
NEW 424.85 427.80 2.95 1.69
----------------------------------------------------------------------------
NEW 496.65 497.50 0.85 1.34
----------------------------------------------------------------------------
BG10-47(i) 150.5 -58 SOUTH 29.80 30.50 0.70 0.82
----------------------------------------------------------------------------
39.60 48.50 8.90 0.45
----------------------------------------------------------------------------
including 39.60 40.60 1.00 2.12
----------------------------------------------------------------------------
48.50 100.30 51.80 1.44
----------------------------------------------------------------------------
including 49.00 49.60 0.60 6.45
----------------------------------------------------------------------------
and 80.60 81.40 0.80 5.01
----------------------------------------------------------------------------
and 86.50 88.00 1.50 6.62
----------------------------------------------------------------------------
and 99.00 100.30 1.30 7.27
----------------------------------------------------------------------------
BG10-57 127 -44 SOUTH 27.00 38.25 11.25 1.15
----------------------------------------------------------------------------
including 37.40 38.25 0.85 5.49
----------------------------------------------------------------------------
BG10-75 161.0 -66.0 SOUTH 18.90 21.70 2.80 1.07
----------------------------------------------------------------------------
BG10-95 101.8 -42 SOUTH 52.75 54.00 1.25 2.85
----------------------------------------------------------------------------
#11 VEIN 65.90 66.70 0.80 5.28
----------------------------------------------------------------------------
81.10 82.15 1.05 2.30
----------------------------------------------------------------------------
BG10-97 128.8 -42 SOUTH 11.60 12.60 1.00 1.27
----------------------------------------------------------------------------
24.90 25.80 0.90 1.41
----------------------------------------------------------------------------
#11 VEIN 41.50 42.55 1.05 2.74
----------------------------------------------------------------------------
BG10-98 128.9 -61 SOUTH 22.00 26.15 4.15 1.05
----------------------------------------------------------------------------
22.00 27.10 5.10 0.95
----------------------------------------------------------------------------
50.30 52.75 2.45 6.41
----------------------------------------------------------------------------
including 52.10 52.75 0.65 17.01
----------------------------------------------------------------------------
BG10-99 169.6 -74.0 NORTH 18.90 21.70 2.80 1.07
----------------------------------------------------------------------------
NEW 55.40 57.10 1.70 32.06
----------------------------------------------------------------------------
including 55.40 56.20 0.80 67.20
----------------------------------------------------------------------------
BG10-100 169.6 -86.0 SOUTH 68.50 69.40 0.90 1.30
----------------------------------------------------------------------------
BG10-102 90.5 -45.0 SOUTH 6.95 9.15 2.20 4.40
----------------------------------------------------------------------------
including 6.95 8.00 1.05 8.16
----------------------------------------------------------------------------
15.00 17.00 2.00 1.73
----------------------------------------------------------------------------
BG10-103 98.5 -67.0 NEW 19.10 20.30 1.20 1.30
----------------------------------------------------------------------------
BG10-104 74.8 -45.0 NORTH 130.80 150.90 20.10 1.05
----------------------------------------------------------------------------
including 143.60 144.70 1.10 6.07
----------------------------------------------------------------------------
BG11-105 75.4 -59.0 NEW 20.40 22.20 1.80 3.89
----------------------------------------------------------------------------
including 20.40 21.30 0.90 6.17
----------------------------------------------------------------------------
BG11-108 194.4 -45 SOUTH NSV
----------------------------------------------------------------------------
BG11-109 129.9 -37.4 SOUTH 45.00 48.00 3.00 10.81
----------------------------------------------------------------------------
including 45.00 46.00 1.00 27.91
----------------------------------------------------------------------------
75.40 83.35 7.95 1.01
----------------------------------------------------------------------------
103.50 108.50 5.00 7.30
----------------------------------------------------------------------------
including 103.50 105.35 1.85 18.53
----------------------------------------------------------------------------
BG11-110 128.7 -54.5 SOUTH 37.00 38.35 1.35 2.88
----------------------------------------------------------------------------
43.20 52.75 9.55 0.51
----------------------------------------------------------------------------
102.00 113.05 11.05 1.05
----------------------------------------------------------------------------
148.10 163.40 15.30 0.58
----------------------------------------------------------------------------
179.90 184.90 5.00 2.00
----------------------------------------------------------------------------
including 179.90 181.05 1.15 5.18
----------------------------------------------------------------------------
224.85 226.00 1.15 5.52
----------------------------------------------------------------------------
BG11-111 140.8 -36.5 SOUTH 61.50 62.30 0.80 39.65
----------------------------------------------------------------------------
72.70 104.10 31.40 1.44
----------------------------------------------------------------------------
including 72.70 87.00 14.30 1.59
----------------------------------------------------------------------------
and 103.20 104.10 0.90 19.30
----------------------------------------------------------------------------
BG11-114 127 -72.0 SOUTH 19.60 28.30 8.70 0.86
----------------------------------------------------------------------------
39.90 43.35 3.45 1.41
----------------------------------------------------------------------------
BG11-114A 105.9 -53.7 SOUTH 34.20 39.00 4.80 3.45
----------------------------------------------------------------------------
Including (#20
VEIN) 35.55 36.60 1.05 12.21
----------------------------------------------------------------------------
BG11-115 135.5 -64.0 SOUTH 18.60 19.30 0.70 4.63
----------------------------------------------------------------------------
61.40 83.00 21.60 2.04
----------------------------------------------------------------------------
98.45 113.25 14.80 1.06
----------------------------------------------------------------------------
126.00 126.9 0.90 2.61
----------------------------------------------------------------------------
131.90 132.95 1.05 4.29
----------------------------------------------------------------------------
142.50 145.55 3.05 1.48
----------------------------------------------------------------------------
150.00 151.40 1.40 1.51
----------------------------------------------------------------------------
161.25 162.25 1.00 2.20
----------------------------------------------------------------------------
BG11-116 198 -45.0 SOUTH 19.30 19.90 0.60 9.53
----------------------------------------------------------------------------
34.70 36.50 1.80 1.03
----------------------------------------------------------------------------
61.85 147.80 85.95 0.81
----------------------------------------------------------------------------
including 61.85 92.35 30.50 1.33
----------------------------------------------------------------------------
and 113.70 114.50 0.80 4.11
----------------------------------------------------------------------------
and 147.00 147.80 0.80 5.66
----------------------------------------------------------------------------
160.35 161.35 1.00 3.02
----------------------------------------------------------------------------
184.20 185.20 1.00 2.02
----------------------------------------------------------------------------
BG11-117 198 -45.0 SOUTH 20.10 91.15 71.05 2.99
----------------------------------------------------------------------------
including 27.50 29.85 2.35 71.84
----------------------------------------------------------------------------
144.62
and (#20 VEIN) 27.50 28.60 1.10 VG
----------------------------------------------------------------------------
ML11-01 200 -55 MUD LAKE 451.30 455.00 3.70 0.96
----------------------------------------------------------------------------
552.80 553.80 1.00 1.10
----------------------------------------------------------------------------
ML11-02 168.5 -50 MUD LAKE 275.00 276.20 1.20 2.06
----------------------------------------------------------------------------
359.00 360.80 1.80 1.04
----------------------------------------------------------------------------
420.00 421.50 1.50 1.48
----------------------------------------------------------------------------
431.30 436.10 4.80 1.02
----------------------------------------------------------------------------
461.30 462.00 0.70 1.30
----------------------------------------------------------------------------
ML11-03 330 -45 MUD LAKE 112.90 113.50 0.60 1.99
----------------------------------------------------------------------------
ML11-04 127.1 -48 MUD LAKE 146.00 146.90 0.90 1.51
----------------------------------------------------------------------------
ML11-05 118.7 -54 MUD LAKE 54.10 57.90 3.80 0.74
----------------------------------------------------------------------------
ML11-06 102.6 -54 MUD LAKE 45.00 45.80 0.80 1.99
----------------------------------------------------------------------------
73.00 73.50 0.50 1.34
----------------------------------------------------------------------------
182.10 183.30 1.20 2.02
----------------------------------------------------------------------------
ML11-07 128.7 -56 MUD LAKE 19.10 23.00 3.90 0.71
----------------------------------------------------------------------------
ML11-08 2.9 -45 MUD LAKE 578.90 587.00 8.10 0.85
----------------------------------------------------------------------------
including 583.50 584.00 0.50 3.33
----------------------------------------------------------------------------
626.50 631.00 4.50 1.27
----------------------------------------------------------------------------
629.50 631.00 1.50 1.72
----------------------------------------------------------------------------
ML11-09 354.3 -60 MUD LAKE 80.40 84.50 4.10 0.77
----------------------------------------------------------------------------
202.50 203.10 0.60 5.28
----------------------------------------------------------------------------
ML11-10 117.4 -45 MUD LAKE 157.60 158.50 0.90 2.47
----------------------------------------------------------------------------
ML11-11 73.4 -42 MUD LAKE 15.50 16.10 0.60 1.17
----------------------------------------------------------------------------
ML11-11A 73.3 -48 MUD LAKE 15.00 15.70 0.70 1.89
----------------------------------------------------------------------------
BZ11-38 100.6 -57.0 PERREAULT 63.50 70.35 6.85 0.87
----------------------------------------------------------------------------
ROBERT 80.55 84.85 4.30 0.67
----------------------------------------------------------------------------
BZ11-39 114.7 -59.0 PERR ROBERT 71.85 86.20 14.35 1.02
----------------------------------------------------------------------------
including 73.60 74.20 0.60 5.01
----------------------------------------------------------------------------
BZ11-40 144.8 -61.5 PERREAULT 53.60 58.10 4.50 0.68
----------------------------------------------------------------------------
63.30 67.70 4.40 0.57
----------------------------------------------------------------------------
74.75 77.80 3.05 0.81
----------------------------------------------------------------------------
104.10 105.10 1.00 0.96
----------------------------------------------------------------------------
196.25 197.65 1.40 3.91
----------------------------------------------------------------------------
BZ11-41 157.7 -42.0 PERREAULT 18.20 38.20 20.00 1.41
----------------------------------------------------------------------------
including 31.60 32.90 1.30 4.64
----------------------------------------------------------------------------
and 36.80 37.50 0.70 3.57
----------------------------------------------------------------------------
58.50 59.10 0.60 1.20
----------------------------------------------------------------------------
BZ11-42 186.2 -42.0 PERREAULT 5.10 6.00 0.90 1.37
----------------------------------------------------------------------------
31.85 48.20 16.35 0.73
----------------------------------------------------------------------------
BZ11-43 169.9 -42.0 ROBERT 145.60 154.05 8.45 0.74
----------------------------------------------------------------------------
BZ11-44 130.3 -53.0 PERREAULT 62.00 67.00 5.00 0.82
----------------------------------------------------------------------------
BZ11-45 190.2 -53.0 ROBERT 204.25 205.40 1.15 3.15
----------------------------------------------------------------------------
258.10 259.35 1.25 4.22
----------------------------------------------------------------------------
BZ11-46 111.9 -54.0 ROBERT 16.75 17.80 1.05 1.30
----------------------------------------------------------------------------
49.00 56.50 7.50 4.29
----------------------------------------------------------------------------
including 49.00 50.50 1.50 18.55
----------------------------------------------------------------------------
114.30 116.00 1.70 1.43
----------------------------------------------------------------------------
124.00 125.40 1.40 0.96
----------------------------------------------------------------------------
NOTES: The mineralized intervals reported in this news release represent core lengths. True width where it has been determined in the South Zone is 73-93% of the core lengths. VG means the occurrence of visible gold. Mineralization generally consists of 10-90% coarse disseminated pyrite, 1-20% chalcopyrite hosted in an altered, silicified, iron-rich diorite and porphyry along the Bidgood gold structure. The mineralization mined at Bidgood generally strikes northeast - southwest. The Perreault and Robert veins make up parts of the Boundary Zone. Holes BG10-19, 44, 54, 55, 96, 112, 112A, 113, 113A, 124, and ML11-12, returned no significant values; hole BZ11-45a was lost. (i) holes previously released with additional assays returned or restated results
Qualified Person and QA/QC Program
The design of the Queenston's drilling programs, Quality Assurance/Quality Control and interpretation of results is under the control of Queenston's geological staff including qualified persons employing a QA/QC program consistent with National Instrument ('NI') 43-101 and industry best practices. Mr. Michael Sutton, P.Geo., Senior Geologist is the designated Qualified Person pursuant to NI 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators and is responsible for the verification and quality assurance of the technical content of this news release.
A detailed review of Queenston's QA/QC procedures is filed in the 2010 Annual Information Form on SEDAR. The drill core is logged and split with half-core samples shipped to Polymet Labs of Cobalt, Ontario and analyzed employing the appropriate gold fire assaying technique. For QA/QC purposes the Company as well as the lab submits standards and blanks approximately every 25 samples and after significant samples. Approximately 5-10% of sample rejects and/or pulps are sent to other laboratories for check assaying and quarter-core sampling is also undertaken. As a further check in high grade zones at Bidgood some core is quartered and a sample split is sent for assay.
About Queenston
Queenston is a Canadian mineral exploration and development company with a primary focus on its holdings in the historic Kirkland Lake gold camp that comprises 235 km2. Late in 2010 the Company entered into a strategic alliance with Agnico-Eagle Mines Limited with the objective of advancing its key, 100% owned gold projects (Upper Beaver, Upper Canada, McBean, Anoki and Bidgood) at the Kirkland East project towards feasibility and ultimately production. The Company has working capital of over $70 million no debt and a fiscal 2011 exploration budget of $25 million.
Queenston's Cautionary Note Regarding NI 43-101 and Forward Looking Statements
Except for historical information this News Release may contain certain 'forward looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Company's expectations and projections. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by the Company on SEDAR at www.sedar.com.
Contacts:
Queenston Mining Inc.
Charles E. Page, P. Geo.
President and CEO
(416) 364-0001 (ext. 224)
Queenston Mining Inc.
Hugh D. Harbinson
Chairman
(416) 364-0001 (ext. 225)
Queenston Mining Inc.
Andreas Curkovic
Investor Relations
(416) 577-9927
Queenston Mining Inc.
Ann Gibbs-Baines
Investor Relations
(416) 627-8872
Info@queenston.ca
www.queenston.ca