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GOLD EXPLORATION – More work at Wood-Pandora

QUEBEC - Results are in from the three-hole Phase 2 drilling program at the Wood-Pandora project in Cadillac Townsh...


QUEBEC – Results are in from the three-hole Phase 2 drilling program at the Wood-Pandora project in Cadillac Township. The work targeted the gold horizon within the Cadillac Break which hosts the 1.6-million-oz Lapa deposit 3 km away. The Wood-Pandora project is a joint venture of Toronto-based QUEENSTON MINING (50%) and GLOBEX MINING ENTERPRISES (50%) of Rouyn-Noranda, Que.

Phase 2 drilling intersected a wide zone of gold mineralization assaying 3.0 g/t Au over a core length of 9.0 m (6.1 m true width) in hole W05-05. This is a new zone that may correlate to the Wood D zone, hosted in the Piche Group south of the Wood mine workings. Other holes targeted the Piche Group volcanics and Cadillac Group sediments 1,000 m east of the Wood mine where two holes drilled during Phase 1 intersected multiple zones of gold mineralization with a best interval of 4.3 g/t over a core length of 4.5 m (3.6 m true width) including 11.1 g/t over 1.3 m and hole W05-07 intersected lower grade zones of similar mineralization with a best interval of 1.6 g/t over a core length of 2.9 m (1.7 m true width).

The Wood-Pandora property contains four shallow gold zones (Wood, Piche, No. 3 Shaft and Amm) and three shafts from which historic production of 53,592 oz. of gold was produced between 1938-41. The property covers a 3.5-km section of the Cadillac
Break,

Further information is available at both www.Queenston.ca and www.GlobexMining.com.


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