Uranium Assays at Godbout B Propertyadmin
Quinto Mining would like to inform its shareholders that we have received assay results on a recently completed channel sampling carried out on one pegmatite dyke on the Block “B” Godbout uranium property located near Baie Comeau, Quebec. The Godbout A and B properties are subject to a recently announced option with BacTech Mining Corporation (BM: V) of Toronto, Ontario. The Godbout “B’ property contains a pink granite pegmatite dyke exposed over a distance of 50 metres and contains high local radioactivity. Quinto Mining began a program of limited prospecting and sampling to follow up on a historical grab sample that returned a high value. The historical selective grab sample was taken from a fracture zone within the pegmatite dyke.
One rock saw channel located on the main known anomaly was cut vertically over a length of 0.4m. The best result was obtained on sample 222333 which returned up to 4,860 ppm U (11.47 lbs/t U3 O8) and 1,050 ppm Th (2.39 lbs/t ThO2) over 0.10 m from 0.15 to 0.25 m. Samples 222332 (0 to 0.15 m) and sample 222334 (0.25 to 0.4 m) returned low uranium and thorium values below limit of detection of analytical method ((less than)50ppm). Samples were analyzed by ALS Chemex ICP-61a which consists in a four acids digest followed by Inductively Coupled Plasma Spectroscopy.
The Godbout “B’ uranium property is in the early stages of exploration and will be the subject of further exploration work this spring. Historical results on the selective grab sample at Godbout “B” were analyzed by the Department of Mines of the Quebec Government on August 20th 1969. The grab sample returned a value of 7.9% (156 lbs U3 O8). This result is for historical purposes only and has not been confirmed by a qualified person. Details concerning the analytical methods that were used by the Quebec Department of Mines laboratory at that time are not available.
BacTech Mining Corporation of Toronto, Ontario has informed Quinto that they are planning to commence a drilling program on our Godbout “A” property in the next few weeks. Quinto will inform its shareholders as to the progress of the work programs on both Godbout “A” and “B”.
Etienne Forbes P.Geo is the qualified person on this project.
This press release was prepared by the Management of the Company, who take full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
On Behalf of the Board of Directors
For further information
Head Office: Frank Chaid, (604) 952-0900, Quinto@dccnet.com www.quintomining.com Renmark Financial Communications Inc.: Henri Perron, firstname.lastname@example.org Danielle Velez, email@example.com
(514) 939-3989, Fax : (514) 939-3717, www.renmarkfinancial.com
Source: QUINTO TECHNOLOGY