Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (34770)	3/4/2007 11:42:19 AM
From: stan_hughes	Respond to of 78431

My SWAG? Maybe some would-be buyers are holding back because they see Sprott reeling out stock. Although it doesn't bother me, many people interpret Sprott selling anything as a negative sign COMEX Gold dropping $41.60 this week didn't help either

To: NOW who wrote (34770)	3/23/2007 12:16:03 AM
From: John McCarthy	Respond to of 78431

Queenston-Globex JV Return to Drilling on the Ironwood Gold Discovery By: Marketwire . Mar. 22, 2007 02:22 PM TORONTO, ONTARIO -- (MARKET WIRE) -- 03/22/07 -- QUEENSTON MINING INC. (TSX: QMI)(BERLIN: QMI)(FRANKFURT: QMI)(STUTTGART: QMI)("Queenston" or "the Company") announces that drilling has commenced on the Wood-Pandora joint venture property, located in Cadillac, Quebec. A budget of $800,000 has been approved by the 50%-50% joint venture for the next phase of exploration on the property. The primary target continues to be the Ironwwod Zone discovery where 23 of 26 holes, drilled in 2006, have outlined a gold deposit over a length of 75 m and to a depth of 250 m where it remains open. Significant drill intersections from the Ironwood Zone, as reported in previous news releases posted on the Company's web site, include: - 22.6 g/t Au over a true width of 22.9 m in hole W06-22 - 8.9 g/t Au over a true width of 19.1 m in hole W06-26 - 10.5 g/t Au over a true width of 7.5 m in hole W06-27 - 28.6 g/t Au over a true width of 7.1 m in hole W06-35 - 11.2 g/t Au over a true width of 5.4 m in hole W06-43 The drilling program will test the Ironwood Zone below 300 m as well as target similar Ironwood stratigraphy to the west on the past producing Central Cadillac gold mine property. The Wood-Pandora drilling program was planned and will be supervised by Globex's Exploration Manager and qualified person Ray V. Zalnieriunas, P. Geo. employing a QA/QC program consistent with National Instrument 43-101 and industry best practices. The drill core will be logged and split with half-core samples analyzed employing the appropriate gold fire assaying techniques by Expert Laboratory Inc. of Rouyn-Noranda, Quebec. In addition to the Ironwood project, Queenston has budgeted $5.5 million in 2007, for the Kirkland Lake gold camp located in Ontario. Here, a 44,000 m diamond drilling program is advancing the 100% owned Upper Beaver gold-copper project towards a NI 43-101 mineral resource and a 9,000 m diamond drilling program is planned to further upgrade the historic mineral resources at the 100% owned McBean gold project. These programs, combined with the Anoki deposit, which already contains a NI 43-101 mineral resource, form part of the Company's strategy to return to producer status with the potential to establish a new, mine-milling complex in the eastern portion of the Kirkland Lake camp. In the western portion of the camp, a second phase of advanced, underground exploration is in progress with joint venture partner Kirkland Lake Gold Inc. on the Kirkland Lake West property adjacent to the Macassa gold mine. 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. 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) Email: Info@queenston.ca Website: www.queenston sys-con.com regards, John