Queenston Mining Inc fka QMI

[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