| | April 16, 2008
Quinto Receives Final Assays on Peppler 2007 Drill program
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| | Vancouver, BC, April 16, 2008 --Quinto Mining has received the final assays from the 2007 drill program at the Peppler Lake property. 14 holes were released previously; the remaining three holes are listed in the following table:
Hole number |
from (m) |
to (m) |
length (m) |
Fe% |
PL-03-07 |
15 |
144 |
129 |
24.67 |
PL-07-07 |
15 |
168 |
153 |
23.32 |
PL-09-07 |
18 |
201 |
183 |
29.52 |
In addition to the Peppler Lake and Lamelee deposits, the projects other satellite properties, Lac Jean, and Hobdad Lake are located on the southern end of the Quebec-Labrador trough iron formation. These deposits are adjacent to the north-south highway from Baie Comeau to Wabush and a main Quebec Hydro powerline. The Fire Lake Deposit located approximately 15 km from Peppler Lake, is currently being mined and iron ore is being shipped to the Mont-Wright mill by railroad.
R. J. Nethery P. Eng. is the qualified person for the Peppler Lake project.
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 Mont-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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| | You can view the Next News Releases item: Mon Apr 21, 2008, Consolidated Thompson Iron Mines to Acquire Quinto Mining Increasing Presence in Labroador Trough Iron Ore Camp
You can view the Previous News Releases item: Tue Mar 25, 2008, Quinto Drills 348 metres at 29.89% Fe at Lamelee
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