Queenston jumps on word of 17-ft sulphide interval

Shares of Queenston Mining (TSE) were active recently following speculation related to a 5-hole drill program on the company’s Matachewan, Ont., joint venture with Strike Minerals (COATS). The program that began in December and will finish later this month is testing a ground geophysical conductor in Robertson Twp. that has already yielded a 7-ft. thick semi-massive sulphide section averaging 0.52% copper and 0.12% zinc per ton.

While no assays from current drilling are available yet, Queenston shares moved up 13 cents to $1.13 on Jan. 8 on reports that the company has encountered 17 ft. of massive sulphides in the third hole of the program.

“There have been additional indications of massive sulphides and other signatures related to massive sulphides,” said Queenston Chairman Hugh Harbinson.

A 21% owned affiliate of Joutel Resources (TSE), Queenston has earned a 60% interest in the project while Strike, a company controlled by prospector Carl Forbes, retains a 40% interest.

“One of the intriguing aspects of the play is that we are drilling in uncharted waters,” said Harbinson. (The Robertson Twp. area has yet to be properly surveyed.)

However, as the company is still “securing a land position,” Harbinson was unable to say how big the property is or where the pierce points are located.

Queenston is also drilling a high grade quartz vein system on its wholly owned Flavelle Twp. property in Matachewan where surface samples have assayed as high as 18.7 oz. gold per ton.

Pamorex Minerals (TSE), now controlled by Royal Oak Resources (TSE) of Vancouver, has signalled its intention to continue exploration on the Upper Beaver Mine property near Kirkland Lake, Ont. To earn a 51% stake in the property from Queenston, Pamorex must spend $800,000 this year and pay out $100,000 in cash.

Recent results include 1.43 oz. gold across widths of 21.2 ft, according to Queenston which is now listed in Germany.