DELTA, BC, April 24 /CNW Telbec/ - Quinto Mining (TSX-V: QU) has recently
completed a winter geophysics program on three of the four satellite
properties adjacent to the Peppler Lake deposit. The program consisted of
68 line-km of magnetic survey to develop a more detailed outline of three iron
deposits previously identified and explored by US Steel.
Quinto Mining has mobilized a diamond drill rig to the site and will be
starting an exploratory drill program on: Mont Lamelee, Lac Jean, Faber and
Lac Hobdad. The planned program will include approximately 6000 m. of core
drilling. The goal of the program is to establish a much larger resource of
iron in the area of our original Lac Peppler iron deposit. Based on the
historical work by US Steel Quinto management expects that this program will
lead to the definition of a substantially larger resource at Peppler Lake.
Ron Nethery P. Eng. is the Qualified Person for this program.
A NI43-101 report is being prepared based on the 2006 drill program
carried out on the main Peppler Lake deposit. The 2006 drill program consisted
of 22 drill holes including 3 twins of the historical drilling done by
US Steel. The historical resource calculated by US Steel was 270 million long
tons. AMEC Mining and Metals is in the process of calculating a NI43-101
compliant iron resource for the main Peppler Lake deposit based on the
historical drilling and the 2006 drill program.
Quinto Mining will continue to update its shareholders as news develops.
On Behalf of the Board of Directors
Michel Robert Eng.
For further information:
For further information: Head Office: Frank Chaid, (604) 952-0900,
Quinto@dccner.com, www.quintomining.com; Renmark Financial Communications
Inc.: Henri Perron: email@example.com; Christina Lalli:
firstname.lastname@example.org, (514) 939-3989, Fax: (514) 939-3717,