Queenston cuts new gold at Upper Beaver

Drill holes north of the established mineralization at the Upper Beaver gold property in Gauthier Twp., about 20 km east of Kirkland Lake, Ont., have intersected gold on two previously unknown mineralized structures, as well as on several known ones.

Owner Queenston Mining (QMI-T, QNMNF-O) drilled two holes, UB06-63 and UB06-66, which intersected a new zone south and east of the property’s North Basalt zones. Hole 63 cut 4 metres grading 20.8 grams gold per tonne, including a 1-metre intersection running 75.6 grams, and hole 66 cut 0.9 metre grading 7.3 grams per tonne.

Hole 66 and two other holes intersected the North Basalt mineralization, with one hole, UB06-60, cutting 2.3 metres grading 8.4 grams gold per tonne and 4.2 metres grading 11.3 grams per tonne. Both intersections also had some copper.

Holes in the North zones, which occupy structures in a syenite intrusion and related rocks below and slightly north of the old mine workings, cut a number of wide and lower-grade mineralized intersections, including 2 grams gold per tonne and 0.1% copper over 47 metres. Locally, as happens frequently in the Kirkland Lake and Larder Lake camps, there were narrower, very high-grade intersections, including a 3-metre interval in hole UB06-68 that ran 26.8 grams gold per tonne over 3 metres in a deep zone, the Syenite Breccia.

Five more holes are planned and then infill drilling, to allow a resource calculation, will begin.