| | November 20, 2007
111 Metres at 35.02% Fe Continues to Indicate Large Tonnage Potential at Lamelee
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| | Vancouver, BC, November 20, 2007 - Quinto Mining is pleased to announce that the company has received some additional results from its current drilling program being carried out in the Peppler Lake area.
The following table shows the results of our drilling program on the Lamelee and Lac Jean deposits nearby to Quinto's Peppler Lake deposit in northern Quebec. The Peppler Lake deposit and its' satellite properties Lamelee, Lac Jean, and Hobdad Lake are located on the southern end of the Quebec-Labrador trough iron formation.
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Length
Hole number From m To m m Fe %
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Lamelee
L-9-07 3 114 111 35.02
LacJean
J-1-07 18 126 108 33.45
J-1-07 135 165 30 34.28
J-4-07 3 72 69 30.24
J-4-07 90 114 24 34.12
J-4-07 120 150 30 30.40
J-4-07 159 177 18 26.97
The Lamelee property has the most promise for large tonnage potential due to the relatively long drill intersections in the previous holes. Drilling is continuing on Lamelee and additional drill results will be released for the Lamelee deposit in the near future.
A second drill has been has been drilling for over a month in the area just south of the main Peppler deposit and drill results are expected shortly. The objective of this program is to verify a geophysical anomaly and to add resource tonnage at the main Peppler deposit. R. J. Nethery P.Eng is the qualified person for the Peppler Lake project.
Ressources Appalaches has informed Quinto that it will not be continuing their option on the B100 property.
About the Company
Quinto Mining Corporation (QU) is a junior mining exploration development company with two advanced projects in the Province of Quebec. The Peppler Lake Iron Ore project is located in the Mount-Wright region of North Central, Quebec, approximately half way between the mining towns of Gagnon and Fermont. The Lac Gueret graphite project is located 300km North Northwest of Baie Comeau along the Southwest shore of Reservoir Manicouagan. Further information is available at www.quintomining.com
Forward Looking Information
Certain information regarding the Company set forth in this press release, including the use of proceeds, and management's assessment of the Company's future plans and operations contain forward looking information that involve substantial known and unknown risks and uncertainties. The forward looking information is subject to numerous risks and uncertainties, some of which are beyond the Company's and management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, imperfection of reserve estimates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. The Company's actual results, performance or achievement could differ materially from those expressed in or implied by, the forward looking information and accordingly, no assurance can be given that any of the events anticipated to occur or transpire form the forward looking information will provide any benefits to the Company.
For further information please contact:
Frank Chaid:
Quinto Mining
(604) 952-0900
quinto@dccnet.com
www.quintomining.com
Elric Martinez
Lippert/Heilshorn & Associates, Inc.
(212) 838-3777
emartinez@lhai.com
ON BEHALF OF THE BOARD OF DIRECTORS OF
QUINTO MINING CORPORATION
_____________________________
Tyrone Docherty
President |
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