Queenston financed for Robertson plan

Toronto-based Queenston Mining (TSE) recently completed an offering in Europe consisting of 500,000 shares at $1.15 each. Deacon Barclays de Zoete Wedd Ltd. acted as Queenston’s agent in arranging the financing. Proceeds will be applied to the Robertson Twp. base metal property near Matachewan, Ont., where Queenston and Strike Minerals (OTC) hold 60% and 40% of the project respectively.

Having intersected four zones of banded, disseminated to semi-massive sulphide mineralization, including 14 ft. of grade 0.51% copper at a depth of 783 ft., the joint venture has launched a further exploration program. The program will include 10,000 ft. of drilling.