Queenston Mining Inc fka QMI

[canucklehead80]

Queenston President Charles Page on Ontario assays of 2.41 g/t gold over 98m

Queenston Mining Inc TSX:QMI announced results from its Upper Beaver Deposit in Kirkland Lake, Ontario. Highlights include 2.41 g/t gold and 0.1% copper over 98 metres (including 4.97 g/t gold over 26.5 metres), 13.15 g/t gold and 1.14% copper over 13.5 metres (including 17.74 g/t gold and 1.4% copper over 9.5 metres), 21.42 g/t gold and 0.54% copper over 6 metres (including 61.14 g/t gold and 1.18% copper over 2 metres), 122.82 g/t gold over 1 metre and 5.61 g/t gold and 0.52% copper over 10.3 metres (including 6.8 g/t gold and 0.69% copper over 3 metres).

President/CEO Charles Page tells ResourceClips.com, “The Upper Beaver is a past-producer—it has produced about 140,000 ounces of gold with a substantial copper credit—but everything shut down there in 1972, when a lot of the mines were abandoned in the Kirkland Lake gold camp.

Read the rest of this interview: http://bit.ly/q9blAj

[mhlld]

Queenston's recent developments are bringing interest into the Larder Lake area. Watch Bear Lake Gold (BLG.V, BLGFF.PK) and Armistice (AZ.TO, AISCF.PK). Aerial View

[mhlld]

Queenston Announces $20 Million Financing

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2010) - QUEENSTON MINING INC. (TSX:QMI)(FRANKFURT:QMI)(STUTTGART:QMI) ("the Company" or "Queenston") announced today that it has entered into an agreement with Primary Capital Inc., as lead agent and including Dundee Securities Corporation, Cormark Securities Inc., GMP Securities L.P., and Macquarie Capital Markets Canada Ltd (collectively, the "Agents") in connection with the offering of 3 million "flow-through shares" of Queenston at a price of $6.70 per share for gross proceeds of $20,100,000. The financing is on a private placement guaranteed basis and represents a 20% premium to the VWAP (volume-weighted average price) of the Company over the last 5 trading days. The Flow-Through shares will be offered by way of private placement to accredited investors in the Province of Ontario.

The proceeds from the financing will increase the Company's working capital to approximately $90 million and will be used to continue with its high level exploration - development gold projects located in Kirkland Lake, Ontario. The private placement is scheduled to close on or about November 24, 2010 and is subject to regulatory approval including approval by the Toronto Stock Exchange.

Queenston is a Canadian mineral exploration and development company with a primary focus on its holdings in the historic Kirkland Lake gold camp. The Company has recently entered into a strategic alliance with Agnico-Eagle Mines Limited with a strategy is to advance its' key, 100% owned gold projects (Upper Beaver, Upper Canada, McBean, Anoki and Bidgood) at the Kirkland East project towards feasibility and ultimately production.

Queenston's Cautionary Note Regarding NI 43-101 and Forward Looking Statements

Except for historical information this News Release may contain certain "forward looking statements". These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Company's expectations and projections. A more detailed discussion of the risks is available in the "Annual Information Form" filed by the Company on SEDAR at www.sedar.com.



For more information, please contact

Queenston Mining Inc.
Charles E. Page, P. Geo.
President and CEO
[phone] (ext. 224)
or
Queenston Mining Inc.
Hugh D. Harbinson
Chairman
[phone] (ext. 225)
or
Queenston Mining Inc.
Andreas Curkovic
Investor Relations
[phone]
[e-mail]
www.queenston.ca

http://www.marketwire.com/press-release/Queenston-Announces-20-Million-Financing-TSX-QMI-1348913.htm

[mhlld]

Queenston Announces Strategic Investment by Agnico-Eagle Mines Limited

TORONTO, ONTARIO--(Marketwire - Oct. 28, 2010) - QUEENSTON MINING INC. (TSX:QMI)(FRANKFURT:QMI)(STUTTGART:QMI)("Queenston" or "the Company") is pleased to announce that Agnico-Eagle Mines Limited ("Agnico-Eagle") today entered into a Subscription Agreement with the Company to make a strategic investment of C$35 million dollars in Queenston by way of a non-brokered private placement of units. Both Boards have approved the transaction.

Under the terms of the Subscription Agreement Agnico-Eagle will purchase a total of 6,603,774 Units at C$5.30 per Unit for proceeds to Queenston of C$35 Million in cash. Each Unit consists of one common share and one half of a share purchase warrant of Queenston. Each whole share purchase warrant entitles the holder to purchase one common share of Queenston at $6.45 for a period of 36 months. The transaction is expected to close on November 1, 2010 and is subject to completion of definitive documentation and other customary closing conditions including regulatory approval. As a result of the private placement Agnico-Eagle will own 8.83% of Queenston's issued and outstanding shares and 11.47% on a fully diluted basis. In addition to the private placement Queenston and Agnico-Eagle will enter into a Technical Services Agreement that will provide Queenston access to Agnico-Eagle's geological and engineering mining team.

Queenston's principal assets are located in the historic Kirkland Lake gold Camp in northeastern Ontario. The camp has produced 40 million ounces of gold and Queenston maintains the largest land holdings in the district with approximately 20,000 hectares (200 km²). Queenston's primary focus is to return to producer status through the advanced exploration and development of five-100% owned gold deposits (Upper Beaver, Upper Canada, Anoki, McBean and Bidgood) to provide feed for a central milling facility to be built in Gauthier Twp.

Sean Boyd, Vice Chairman and CEO of Agnico-Eagle commented, "This strategic investment is a strong indication of the quality and potential of Queenston's properties in the Kirkland Lake camp. This investment provides us exposure to a world class gold camp and is consistent with our strategy of investing in promising gold development opportunities. We look forward to using our exploration and mine development skills to assist Queenston in enhancing its gold resources and advancing their projects towards feasibility."

Charles Page, President and CEO of Queenston said, "We are very pleased with this investment from Agnico-Eagle, a company which has proven expertise in the development of both underground and open-pit mines. Proceeds from the private placement combined with the assistance of the Agnico-Eagle team provide Queenston the opportunity to advance our projects towards the development stage."

Upon completion of this investment Queenston's cash position will be approximately $70 million. The Company has 14 drills operating in the Kirkland Lake camp focussed on mineral resource definition, advanced exploration and grass roots exploration.

Forward Looking Statements

Except for historical information this News Release may contain certain "forward looking statements". These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Company's expectations and projections. A more detailed discussion of the risks is available in the "Annual Information Form" filed by the Company on SEDAR at www.sedar.com.



For more information, please contact

Queenston Mining Inc.
Charles E. Page, P. Geo.
President and CEO
[phone] (ext. 224)
or
Queenston Mining Inc.
Hugh D. Harbinson
Chairman
[phone] (ext. 225)
or
Queenston Mining Inc.
Andreas Curkovic
Investor Relations
[phone]
[e-mail]
www.queenston.ca

http://www.marketwire.com/press-release/Queenston-Announces-Strategic-Investment-by-Agnico-Eagle-Mines-Limited-TSX-QMI-1343380.htm

[goldisking3000]

Looking good here ..............

[goldisking3000]

Good time to load up ....

[goldisking3000]

looking good

[goldisking3000]

Lets is if we hold $4 or more ....

[goldisking3000]

Well Positioned
?? C$ 40 M in cash, no debt
?? projects in mining friendly jurisdictions

Kirkland Lake, Ont.
Current + Historic Resources
Gold 2.1 M oz
Copper 21.5 M lb

Cadillac, Que.
Current + Historic Resources
Gold 525,000 oz

http://www.queenston.ca/investors/pdf/1002-qmi-presentation.pdf

[goldisking3000]

October 15, 2009

Queenston Reports Further Results from McBean Drilling
Including: 5.2 g/t Au over 21.7 m, 6.7 g/t Au over 16.5 m, 3.1 g/t Au over 57.7 m
October 15, 2009, Toronto, Ontario…. Queenston Mining Inc. (QMI-Toronto, Frankfurt, Stuttgart) (“Queenston” or the
“Company”) is pleased to announce further results from the resource definition drill program at the 100% owned, past
producing McBean deposit located in Gauthier Township, Kirkland Lake, Ontario. Previous results were disclosed in news
releases issued on January 15, 2009 and May 28, 2009. The program is planned to both upgrade the mineral resources at
McBean to NI 43-101 standards and expand the deposit through deeper exploration drilling.
Highlights
Since the last report in May 2009, a total of 25 holes (12,190 m) has been completed increasing the total to 105 holes
(50,500 m) from the start of the program in 2008. The drilling continues to encounter multiple gold zones within the
easterly plunging mineralized corridor that hosts the historic mineral resource at McBean including the following significant
results.
• Hole MB09-19W: 4.7 g/t (grams per tonne) Au (gold) over 15.3 m
• Hole MB09-19W2: 5.9 g/t Au over 11.8 m
• Hole MB09-127: 3.8 g/t Au over 21.0 m
• Hole MB09-131: 3.1 g/t Au over 57.7 m
• Hole MB09-133: 4.8 g/t Au over 21.6 m
• Hole MB09-141: 5.2 g/t Au over 21.7 m
• Hole MB09-144: 6.7 g/t Au over 16.5 m
Charles Page, CEO and President of Queenston, said, "The results continue to return wide widths of gold mineralization in
multiple zones. We are pleased that the drilling has been successful in displaying good continuity of the gold zones and
report that the final stages of a NI 43-101 mineral resource estimate are in progress. McBean is one of four gold deposits
that Queenston is actively advancing in Gauthier Township with a goal to return to producer status”.
Queenston and previous joint venture partner Inco Ltd. operated the McBean mine (1984-1987) producing approximately
50,000 ounces of gold from an open pit. Due to prevailing gold prices at the time, the underground exploitation of the
remainder of the deposit below the pit was postponed and in 1996 Queenston purchased Inco’s interest in the mine. An
historic resource calculated from previous, wide-spaced drilling amounted to 835,000 t grading 5.1 g/t Au (measured and
indicated) and 1,835,200 t grading 6.5 g/t (inferred). The historic resources should not be relied upon as they are not
compliant to NI 43-101 and have not been verified by a Qualified Person (“QP”).
The gold mineralization at McBean occurs within the deformation corridor of the Larder Lake Break hosted in both felsic
intrusive (porphyry) locally termed “felsite” and green carbonate (altered ultramafic flows). Multiple, steeply south dipping
mineralized zones have been identified to date within the felsic and green carbonate packages containing pyrite and visible
gold. Located approximately 600 m west of McBean along the Larder Lake Break is the 100% owned Anoki gold deposit that
hosts a NI 43-101 measured and indicated mineral resource of 522,300 t grading 5.7 g/t and an inferred resource of 141,800
t grading 6.2 g/t calculated by Hrayr Agnerian, P.Geo. of Roscoe Postle Associates Inc. in 2004. At Anoki, the mineralization
occurs as lenses containing pyrite and gold in altered volcanic flow rocks. Combined, McBean and Anoki contain similar
styles of mineralization, “Carbonate” and “Flow” that hosted 11 million ounces of gold at the Kerr Addison mine located
along the same regional structure 18 km to the east.
The drilling has traced four zones over a length of 700 m and to a vertical depth of 700 m that remain open to the east,
west and at depth. See longitudinal section attached to this news release and posted on the Company’s website at
www.queenston.ca. Two drills will continue to target both the McBean and adjacent Anoki mineralization below 600 m.

The McBean NI 43-101 mineral resource is being prepared by independent consulting firm P & E Mining Consultants Inc. of
Brampton under the supervision of Qualified Person, Mr. Eugene Puritch, P.Eng. The design of the McBean drilling program,
Quality Assurance/Quality control and interpretation of results is under the control of Queenston’s geological staff including
many of which are qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices.
Supervision of the program is by Queenston’s Exploration Manager, Michel Leblanc, P.Geo. A detailed review of Queenston’s
QA/QC procedures is filed in the 2008 Annual Information Form on SEDAR. The drill core is logged and split with half-core
samples shipped to Swastika Laboratories of Swastika, Ontario and analyzed employing the appropriate gold fire assaying
technique. For QA/QC purposes the Company as well as the lab submits standards and blanks every 25 samples.
Approximately 5% of sample rejects and/or pulps are sent to a second lab for check assaying.
About Queenston
Queenston maintains a significant land package in the Kirkland Lake gold camp containing 21 contiguous properties totaling
approximately 14,000 hectares or 942 mineral claim units. The Company’s strategy is to return to producer status through
the development of 100% owned gold projects including the Upper Beaver, McBean, Anoki and Upper Canada. The Company
is also carrying out deep exploration targeting the new South Mine Complex with joint venture partner Kirkland Lake Gold
Inc. on the South Claims property and on its 100% owned AK property. Queenston is well financed with working capital in
excess of $40 million and has an exploration budget for the balance of 2009 and all of 2010 of $17 million.
This news release was reviewed by Queenston’s Vice President Exploration and QP, William McGuinty, P. Geo

http://www.queenston.ca/news/pdf/091015.pdf