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Quinto Resources Inc V.QIT.H

Quinto Resources Inc. is a Canada-based gold exploration company. The Company owns a 5% interest in the Monster Lake property in Quebec, Canada, where a bonanza hole grading 237.6 g/t Au over 5.7 meters was drilled, as well several other high-grade gold drill holes. The Monster Lake property consists of approximately 114 mineral claims covering an area of approximately 3,336 hectares. It lies approximately 44 kilometers southwest of the town of Chibougamau in northwestern Quebec. The property is accessible by road and a high-voltage transmission line crosses the area nearby.


TSXV:QIT.H - Post by User

Quinto Resources Inc
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Comment by tpaymanson Jun 07, 2013 5:26pm
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Post# 21499396

RE: qit

RE: qit

Qit has done 1 round of drilling if I am correct: beneath is the news release but that is a bulletin from QIT.

Nevertheless they announced that the will use the money for an adequate working capital!

Nothing difficult to understand! It is fully allowed because they have already done what was communicated!

 

The funds will be used to provide Quinto with an adequate working capital and to further its short term interest toward the Monster Lake gold project.

 
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