MONTREAL, QUEBEC--(Marketwired - Aug. 30, 2016) - Quinto Real Capital Corporation (TSX VENTURE:QIT) ("Quinto" or the "Company") is pleased to provide an update on the activities taking place on the Fancamp, Gwillim and Embry properties, where it has an option to acquire a 75% interest from Alexandria Minerals Corporation.
The following is a summary of exploration work undertaken during the summer and work currently underway on the properties.
During the summer, the Company drained the existing trenches and carried out channel sampling on a tighter spacing, at intervals of 3 to 5 metres, to test the high-grade gold corridors in zones A and B. The Company is also in the process of compiling all the data from earlier work on the Fancamp property to integrate it into a single database. This work will allow targets to be identified for a drilling program planned for this fall.
The Company carried out preliminary prospecting during the summer along the new access. In August, the Company completed 19 km of line cutting and is currently conducting an induced polarization (IP) survey over the eastern portion of the property. The goal of the work is to identify anomalies for subsequent drilling.
In June, the Company completed general prospecting on the property. Following the discovery of old mineralized trenches, it staked four additional claims north of the property. The next phase of work will consist of a geophysical survey over the entire property in order to identify anomalies.
"We were very active on our new properties over the summer, and are awaiting results for all three properties," said Michael Curtis, President and CEO of Quinto Real Capital Corporation. "The results will help us target our next phase of work, which will include a fall drilling program. We are also continuing to seek new high-potential gold properties to add to our portfolio."
Quinto will attend the Mines and Money Americas 2016 conference, which will take place at the Ritz Carlton in Toronto on September 27 and 28, 2016. Quinto's Management team will be pleased to discuss about its plans for the future and answer your questions at booth A5.
The scientific and technical content of this press release has been approved by Tony Brisson, P.Geo., a qualified person under National Instrument NI 43-101.
About Quinto Real Capital Corporation
Quinto Real Capital Corporation (TSX VENTURE:QIT) is a Canadian gold exploration company. It owns a 5% interest in the Monster Lake property (IAMGOLD: 50%/TomaGold: 45%) and an option to acquire a 75% interest in the Gwillim, Fancamp and Embry properties, all located close to the Chibougamau mining camp in Quebec, Canada.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. The statements made in this news release that are not historical facts are "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those described in these "forward-looking" statements.