Queenston Stakes Claims in Potential ``New Ontario Gold Camp''.Business Editors TORONTO--(BUSINESS WIRE)--April 12, 2001 Queenston Mining Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :QMI QMI Quality Management Institute QMI Quick Marketing Intelligence QMI Quality Management International, Inc. QMI Quick Marketing Information .) announces that it has completed staking a large, contiguous, 765 claim block covering the northwest part of Lake Abitibi Lake Abitibi (French: lac Abitibi) is a lake in northeastern Ontario and western Quebec, Canada. The lake is separated in two distinct portions by a short narrows, making it actually 2 lakes. Its total area is 931 km², and net area 903 km² [1]. in northeastern Ontario Northeastern Ontario is the region within the Canadian province of Ontario which lies north and east of Lakes Superior and Huron. Northeastern Ontario consists of Algoma District, Sudbury District, Cochrane District, Timiskaming District, Nipissing District, Manitoulin . The 100% owned, 12,000 hectare property covers an area where the Ontario Geological Survey The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information. A geological survey has recently recognized and reported the potential for a new gold camp. The claims located in Steele, Purvis, Bowyer bow·yer n. 1. One who makes or sells bows for archery. 2. Archaic An archer. and Galna townships traverse the northern shore of Lake Abitibi approximately 80 km north of Kirkland Lake Kirkland Lake, mining town, E Ont., Canada. An important gold-mining center, gold was discovered there in 1911 and again in the 1980s at Harker. The mining of iron ore and tourism are two other important industries. . They were staked to cover a 22.5 km section of a major fault-contact between sedimentary and volcanic rocks rocks which have been produced from the discharges of volcanic matter, as the various kinds of basalt, trachyte, scoria, obsidian, etc., whether compact, scoriaceous, or vitreous. See also: Volcanic referred to as the Lake Abitibi Deformation Zone (LADZ). During the mid 1980's and early 1990's, exploration in the area was focused to search for the source of gold bearing quartz boulders. As the area is predominantly covered with glacial material, this work consisted of overburden sampling to identify gold dispersion trends. Results of this work indicate widespread anomalous gold values occurring in glacial deposits lying within and south of the Queenston claim group. Based on geological compilation and interpretation of the area, the most logical up-ice source of the gold is along the LADZ. Supported by geological evidence from government assessment files in Kirkland Lake, the Geological Survey of Ontario, suggests in their recent Open File Report 6501, the potential for a "new gold camp" in the area based on:
1. Occurrence of auriferous (gold bearing) quartz boulders
2. Placer gold-bearing Quaternary (glacial) sediments
3. Gold grains recovered in reverse circulation drill holes
4. Favourable geological environment for gold near a major
deformation zone
5. Flexure in the deformation zone
Gold in Quartz Boulders Auriferous au·rif·er·ous adj. Containing gold; gold-bearing. [From Latin aurifer, gold-bearing : aurum, gold + -fer, -fer. quartz boulders have been identified in three locations in the area. The highest gold assay recorded was 32 g/t from a grab sample Noun 1. grab sample - a single sample or measurement taken at a specific time or over as short a period as feasible sample - a small part of something intended as representative of the whole taken from a boulder located in the northwest corner of Milligan Twp., 10 km south of the claim group. Quartz boulders also occur on the western portion of Queenston's claim block in the Camp Three Bay Area. These boulders occur below the water level in Lake Abitibi and have no record of sampling. Gold in Esker esker, long, narrow, winding ridge of stratified sand-and-gravel drift. Eskers, many miles long and resembling abandoned railway embankments, occur in Scandinavia, Ireland, Scotland, and New England; they arose from deposition of sediment in the beds of streams Sands Gold has been panned from glacial sediments along three eskers in the area. The gold recovered from the eskers range from fine to coarse grained and display a variety of colours indicating the potential for more than one source. The greatest number of panned gold sites (11) occurs along the Munro Esker, which extends south from the central portion of the claim group. Gold in Basal Till Previous operators drilled a total of 83 reverse circulation holes along the length of the claim group to sample glacial till for gold. Thirty holes encountered gold in heavy mineral concentrate reporting gold assays between 1 to 18 g/t. A plan showing the location of the claim block, the reverse circulation drill holes, the panned gold sites and auriferous boulders is available on the Company's web site at www.queenston.ca Favourable Geology The LADZ appears to be a major east-west trending deformation zone occurring along the southern margin of a sedimentary belt similar to the Porcupine-Destor Deformation Zone in the Timmins area and the Larder Lake Deformation Zone in the Kirkland Lake area. It is generally regarded that flexures or warps along such deformation zones, as covered by the Queenston claims, are important features in the deposition of gold deposits. The presence of extensive gold in boulders, esker sands and basal till suggest the presence of gold occurrences in the up ice direction. Based on the distribution of gold in the glacial material, combined with the geological interpretation of the area, the Company has determined the most likely source occurs along the LADZ underlying its claims. As there is no recorded diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral along the LADZ on the Company's property, it is considered a prime exploration target for gold deposits and will be the focus of an exploration program in 2001. The program will be supervised by Mr. Wayne Benham, P. Geo., the Company's Chief Geologist, and will include further compilation of previous exploration combined with field examination and sampling this summer. Ground geophysics and initial diamond drilling is planned during the winter season. |
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