11:54 AM EST - Queenston Mining Ltd. : provided an update on planned activities for the 2011 exploration campaign on its projects located in the Kirkland Lake gold camp. A $25-million budget is planned and will include 180,000 m of drilling on nine properties employing up to 16 diamond drill rigs. The primary focus is the Kirkland East Project where the Company is advancing five, 100%-owned gold deposits towards production. In addition to the drilling, new and updated resource studies will be completed on four deposits, environmental studies and permitting will be completed in order to initiate advanced underground exploration at Upper Beaver and approximately $1 million will be allocated for new project development. Queenston Mining Ltd.
shares T.QMI are trading even at $5.30.
