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Queenston Plans $25 Million for 2011 Exploration in Kirkland Lake

Investing News Network
Feb. 04, 2011 12:37AM PST
Base Metals Investing

Queenston Mining Inc. (TSE:QMI) provides an update on planned activities for the 2011 exploration campaign on its projects located in the Kirkland Lake gold camp.

Queenston Mining Inc. (TSX:QMI) provides an update on planned activities for the 2011 exploration campaign on its projects located in the Kirkland Lake gold camp.

The press release is quoted as saying:

A $25 million budget is planned and will include 180,000 m of drilling on nine properties employing up to 16 diamond drill rigs. The primary focus is the Kirkland East Project where the Company is advancing five, 100% owned gold deposits towards production. In addition to the drilling, new and updated resource studies will be completed on four deposits, environmental studies and permitting will be completed in order to initiate advanced underground exploration at Upper Beaver and approximately $1 million will be allocated for new project development.

Click here to access the entire press release

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