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Gold/Mining/Energy : Lac Rocher - Finally a Great Canadian Area Play Again -- Ignore unavailable to you. Want to Upgrade?

To: Just G who wrote (50)	6/8/1999 7:41:00 PM
From: BLZBub	Read Replies (1) \| Respond to of 53

Queenston begins diamond drill programs in Ontario, Newfoundland and Quebec TORONTO, June 8 /CNW/ - Queenston Mining Inc. announces the commencement of diamond drill programs on the Kirkland Lake gold project, Ontario, the Duck Pond copper-zinc project, Newfoundland and the Lac Rocher nickel project, Quebec. Kirkland Lake, Ontario Queenston and partner Franco-Nevada Mining Corporation Limited have started drilling on the Kirkland Lake joint venture gold project. During 1999, a $900,000 exploration program will include 18,000 feet of drilling, testing 8 gold targets. The targets include: the New Flow Zone and 40 East Zone on the Anoki property; the North Break on the McBean property; the South Splay, Biroco and Esker Zones on the Munro property; and structures on the Munro West and Pawnee properties. Over the past three years the 50-50 joint venture has consolidated a large land package in the Kirkland Lake gold camp comprising 26 properties totalling 732 contiguous mineral claims covering 35 km of ''break'' geology along the Larder Lake Deformation Zone. Assets on the property include 5 gold deposits with combined resources of 7.8 million tonnes averaging 5.83 g/t and a 500 tonne per day gold mill. Kirkland Lake is a high grade gold camp and reports production of approximately 37 million ounces of gold from 25 mines since 1908. The joint venture was formed in 1996 to systematically explore for deeper gold deposits in the camp. Over the past three years exploration has led to the discovery of two new gold zones and three new structures. The first hole of the 1999 program will test the New Flow Zone discovered in 1998 on the Anoki property. Drilling will follow up a 1998 hole which intersected a 55 m thick zone of carbonated and silicified basalt which assayed 2.54 g/t over 3.08 m including 10.73 g/t over 0.37 m. The New Flow zone lies 750 m south of the Anoki deposit on an untested subsidiary gold structure. Duck Pond, Newfoundland Queenston and joint venture partner Thundermin Resources Inc. have started drilling on the Duck Pond base metal property located in central Newfoundland. Queenston has the right to earn 50% of Thundermin's 100% working interest in the property by spending $1.4 million before June 30, 2000. The property hosts two, high grade, volcanogenic copper-zinc-silver-gold deposits referred to as the Duck Pond and Boundary which contain inferred resources of approximately 6 million tonnes averaging 3.4% copper, 6.4% zinc, 1.1% lead, 61.4 g/t silver and 0.9 g/t gold. The first phase, 6,000 m drilling program, will be aimed at confirming and expanding mineral resources on the Duck Pond deposit and drilling of untested geophysical targets adjacent to the Boundary deposit. A second phase program will begin in September to test other base metal targets on the large 11,796 hectare property. Also, as part of the second phase, metallurgical testing will be completed on the Duck Pond and Boundary deposits. The 1999 drilling programs will form the basis for a decision to proceed with future underground exploration. Lac Rocher, Quebec Queenston is planning a drill program on the Wildcat property located in the Lac Rocher area of northwestern Quebec. The property is located 24 km northeast of a high grade nickel-copper discovery announced by Nuinsco Resources Limited in January 1999. Ground geophysical surveys recently completed on the property have outlined three coincidental magnetic-IP anomalies. The largest and strongest anomaly is oval in shape and measures 800 m x 250 m in size. Prospecting on the property has discovered an outcrop of coarse grained pyroxenite in the vicinity of the anomaly. Assay results from three samples indicate typical nickel values for pyroxenite; however, one of the samples returned an anomalous value of 332 ppb combined platinum (Pt) and palladium (Pd). The presence of PGM in ultramafic rocks adds to the potential of the magnetic-IP anomalies on the Wildcat property and will be the target of drilling later this month. Updates on the progress of the programs and results of the drilling will be announced throughout the summer. Queenston is a well financed junior gold and base metal explorer with working capital in excess of $12 million. -30- For further information: please contact: C. E. Page, President, (416) 364-0001; H. D. Harbinson, Chairman, (416) 364-0001