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What to look for in 2012 Resource Development Upper Beaver, Ontario Released a Preliminary Economic Assessment (PEA) in February, planning an updated NI 43-101 compliant report on the resource estimate third quarter 2012, continue preparations for advanced underground exploration and shaft development. Upper Canada, Ontario Release an updated NI 43-101 compliant report on the resource calculation and continue definition drilling to expand both the open pit and underground resources. Bidgood, Ontario Continue drilling property to both expand existing resources and new exploration Amalgamated Kirkland, Ontario Continue drilling existing resources to explore the deposit to depth and test potential for South Mine Complex mineralization. South Claims, Ontario Continue to advance underground resource definition and exploration drilling with JV Partner KL Gold Pandora Property, Quebec Pursuing development opportunities.
Upper Beaver, Ontario Continue exploration drilling below/above/east/west of existing NI 43-101 resource McBean - Anoki, Ontario Continue exploration drilling targeting plunge and dip projection of existing NI 43-101 resources. Commodore Property, Ontario Continue surface exploration with JV partner Newstrike Resources. Victoria Creek, Ontario Commence drill program to explore and evaluate historic mineral resource. Rand Property, Ontario Continue drill program to follow up on encouraging results from 2011. Wood-Pandora Property, Quebec Continue exploration drill program with JV Partner Globex Queenston has a strong working capital position and no debt. It owns minor investments in Western Copper Corporation, Newstrike Resources, Thundermin Resources and Mistango Resources. It’s shares trade on the Toronto and Frankfurt Stock Exchanges under the trading symbol “QMI” and on the OTCQX exchange under the trading symbol “QNMNF”. |
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