NORTHERN ONTARIO – QUEENSTON MINING of Toronto has intersected a new zone of high-grade gold-copper mineralization at its Upper Beaver property near Kirkland Lake. The new zone yielded assays as high as 47.9 g/t Au and 6.4% Cu across 8.0 metres. Within the 8.0-metre intersection, a 4.3-metre section returned 82.5 g/t Au and 11.2% Cu.
The new zone occurs in intensely altered basalt with sericite, epidote and potassic feldspar containing disseminated to massive chalcopyrite and visible gold. It appears to be flat-lying and may be enriched with steeper dipping sulphide veins, says Queenston. This zone was initially intersected in the first hole of the 2005 drill program, assaying 5.4 g/t Au and 0.3% Cu across a core length of 3.4 m. The zone remains open to the north, northwest and northeast below the old mine workings. A surface plan showing the location of the new drilling is available in the Jan. 10 news release at www.Queenston.ca.
The former Upper Beaver underground mine produced 130,000 oz of gold. When it closed in 1971, the historic resource was approximately 200,000 tonnes at 7.9 g/t Au and 1.2% Cu. Queenston drilled 29 holes on the property last year and intersected significant mineralization in zones adjacent to and below the old mine workings.