Queenston Mining Inc QNMNF

news - they're drilling again!

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Queenston Explores Gold Project in Northwestern Ontario and Drilling to Commence in Kirkland Lake and Timmins 7/15/04 TORONTO, Jul 15, 2004 (Canada NewsWire via COMTEX) -- Queenston Mining Inc. (QMI -TSX) reports that it has entered into an agreement to earn a 100% interest in a new gold project located in northwestern Ontario, and that diamond drilling will commence shortly on its Kirkland Lake gold project and Jessop base metal p roject in Timmins. Don's Lake Project, Northwestern Ontario Queenston has entered into an agreement with owner and independent geologist Donald D. Brown to earn a 100% interest in a 72 claim unit (1,170 hectare) gold property located between the Red Lake and Pickle Lake gold camps in the Meen-Dempster greenstone belt, approximately 120 km north of Sioux Lookout, Ontario. A location map of the Don's Lake property is available on the Company's website at: www.queenston.ca/press/040715.pdf. Under the terms of the agreement, Queenston has the right to earn a 100% interest in the property by making cash payments totaling $150,000 and incurring exploration expenditures amounting to $1.3 million over a period of four years. The first year commitment is $20,000 cash and $200,000 in exploration expenditures while the remaining cash and work expenditures are at Queenston's option. The property is accessible by boat or float plane and is centered on the Don's Lake Shear Zone (DLSZ), a gold bearing structure that represents a splay emanating from a regional fault zone referred to as the Bamaji Lake Deformation Zone. Historic exploration, from 1953 to 1990, encountered gold mineralization up to 17.6 g/t in shallow trenches and drill holes over a strike length of 3 km. The gold occurs in altered and silicified, sheared mafic flows and felsic intrusive rocks containing 10-15% pyrite, chalcopyrite, galena and sphalerite. The width of the mineralization intersected in the historic drilling, is narrow from less than 1 m to 4.2 m, hosted in the DLSZ. Of fourteen previous drill holes that targeted the footwall contact of the DLSZ, six returned significant gold values including 17.6 g/t over 1.1 m, 11.7 g/t over 0.3 m, 9.4 g/t over 0.31 m, 6.6 g/t over 0.74 g/t, 2.7 g/t over 2.0 m and 1.8 g/t over 4.2 m. A property visit made by a Queenston geologist in May confirmed the presence of significant gold mineralization along the DLSZ where 17 surface grab samples returned anomalous gold values including 19.1 g/t, 10.3 g/t, and 6.4 g/t. The property visit also identified the DLSZ to continue for 5 km across the property, containing sericite-carbonate- chlorite-pyritic schist over interpreted widths of 60 to 100 m. The first phase of exploration, to begin this summer, will include further prospecting and sampling in preparation for a diamond drilling program planned for October. The Don's Lake exploration program is planned and supervised by Queenston's Chief Geologist and Qualified Person Wayne R. Benham, P. Geo. Kirkland Lake Project, Ontario Diamond drilling will commence next week on the Company's 100% owned, flagship gold project in Kirkland Lake, Ontario. As indicated in a May 18, 2004 news release, Queenston's focus in Kirkland Lake this year is on the Kirkland Lake West ("KLW") project lying adjacent to the Macassa Mine, and a return to deep exploration drilling along major gold structures in the camp. At KLW, linecutting is nearing completion to be followed by geological mapping, trenching and diamond drilling later in the season. On the eastern portion of the Queenston land package, a five hole, 4,400 m diamond drilling program will begin next week targeting the Princeton Property, adjacent to, and along strike of the McBean gold deposit. The McBean deposit contains an historic (calculated prior to Feb. 1, 2001 and NI 43-101) indicated mineral resource of 835,520 t averaging 5.1 g/t and an historic inferred mineral resource of 1,835,230 t averaging 6.5 g/t to a depth of 600 m. The deposit is hosted in a distinct green-carbonate alteration horizon which remains open to the east onto the Princeton property. On Princeton, geological mapping and trenching completed in 1997 has identified the host green-carbonate horizon to extend for 2.5 km, displaying widths of up to 50 m. In 1929, on the western portion of the Princeton property, the Ritchie Shaft was sunk to a depth of 160 m and 350 m of drifting was completed to follow up gold values intersected in shallow drilling. This work encountered significant zones of gold mineralization including 7.5 g/t over a width of 1.6 m along a drift length of 21 m. Subsequent campaigns of generally shallow drilling from 1936 to 1989 were not successful in outlining zones of significant new gold mineralization above a depth of 200 m. The presence of the green-carbonate horizon which hosts the McBean deposit, combined with significant gold mineralization in the Ritchie workings, indicates good potential for the occurrence of a new deposit at depth on the Princeton Property. The 2004 drilling will target the key green-carbonate horizon at a depth of 600 m. The Princeton drilling program is planned by Queenston's Project Geologist and Qualified Person Frank Ploeger, P. Geo. The NQ sized drill core will be logged and split and half-core samples will be analyzed by standard fire assay with atomic absorption or gravimetric finish at Swastika Laboratories Ltd. of Swastika, Ontario. Duplicate check assays will be completed on all samples containing more than 1 g/t gold. Gervais - Jessop Project, Timmins Further to a news release issued on June 17, 2004, Queenston plans to begin diamond drilling a base metal target located in Jessop Township during the last week of July. The target is a coincidental EM-IP-gravity anomaly that is interpreted to occur in favourable base metal geology 9 km south of the Kidd Creek copper-zinc mine. The drilling will be supervised by Queenston's Chief Geologist and Qualified Person Wayne R. Benham, P. Geo. All mineralized drill core will be split and half the core will be sent to Swastika Laboratories Ltd. of Swastika, Ontario. VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: https://www.newswire.ca/en/releases/orgDisplay.cgi?okey=2011 For further information: contact: Charles E. Page, P. Geo., President and CEO, [phone] (ext. 224); Hugh D. Harbinson, Chairman, [phone] (ext. 225), Email: info(at)queenston.ca, Website: www.queenston.ca News release via Canada NewsWire, Toronto 416-863-9350 Copyright (C) 2004 CNW, All rights reserved