QUEBEC - This summer's drilling program has extended the continuous iron formations at the advanced Peppler Lake project belonging to QUINTO TECHNOLOGY of Delta, B.C. Three exploratory holes were drilled 1.0 km southwest of the nearest definition hole in an area corresponding to a magnetic anomaly. All three holes cut visually continuous iron formations over lengths of approximately 125 m, 99 m and 25 m. Other exploratory holes drilled 1 km east of the discovery holes returned no favourable iron intersections.
Quinto also carried out 2,538 m of definition drilling required for completion of its NI 43-101 mineral resource estimate. Based on historical data, experts have estimated the Peppler Lake deposit to contain 275.0 million tonnes of material grading 28.2% Fe.
Quinto (www.QuintoTechnology.com) will post the latest assay results from Peppler Lake as soon as they are available.