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Quinto Comments the Trading on its Common Shares

Feb 28 2013 12:00AM

Marketwire

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MONTREAL, QUEBEC -- (Marketwire) -- 02/28/13 -- At the request of the Investment Industry Regulatory Organization of Canada (IIROC) and the TSX Venture Exchange, Quinto Real Capital Corporation (the "Corporation" or "Quinto") (TSX VENTURE: QIT) announces that to its knowledge there has been no material development in its business or operations not previously disclosed or any other reason to account for the unusual market activity on its securities.

Geological Results Announcement

Moreover, as disclosed in its joint press release of February 20, 2013, Quinto has announced the results of the three first holes of the 2,500-metre drilling program on the Monster Lake property, located 44 km southwest of Chibougamau, Quebec.

These first holes were drilled on Sections 1230E to 1265E of the 325 Zone, on the same 290 degrees azimuth. The holes were drilled at dips of -50 degrees, -60 degrees and -70 degrees to intersect the mineralized zone at vertical depths of 175 to 275 metres. AGATLabs of Mississauga, Ontario, reported the following results:

-- Hole M-13-93: 33.6 g/t Au over 5.85 m at a vertical depth of 217 m-- Hole M-13-94: 11.5 g/t Au over 5.30 m at a vertical depth of 187 m-- Hole M-13-95: 42.0 g/t Au over 7.20 m at a vertical depth of 278 m



It should be noted that the sheared tuff unit hosting the gold-bearing quartz vein was intersected at a 40-50 degrees angle to the core axis, meaning that the width of the intersection is not necessarily the true width. Based on observations on surface in recent trenching and old holes drilled by SOQUEM and Stellar Pacific, the Corporation estimates the true width of the mineralized zone at 70 to 85% of the width intersected in the drill holes.

David Grondin, President and CEO of TomaGold Corporation, stated that: "This major discovery will take our assessment to a whole new level at Monster Lake, which has never been drilled to a depth of more than 125 metres. These holes show that the 325 Zone has promising gold potential at depth. The results for the first three holes would seem to indicate that the 325 Zone becomes wider and richer at depth. The presence of trace chalcopyrite and sphalerite and semi-massive pyrrhotite accompanied by intense black chlorite alteration suggests the proximity of a "VMS"-type setting, an indicator of potential for massive sulphide gold deposits."

The best drill results for the 325 Zone are as follows:

---------------------------------------------------------------------------Hole Length Depth(#) Section g/t Au (m) (m)------------------------------------------------------------------------------------------------------------------------------------------------------M-25-11(i) 1090E 101.2 4.50 50---------------------------------------------------------------------------M-38-11(i) 1200E 7.2 3.00 80---------------------------------------------------------------------------M-37-11(i) 1245E 19.4 2.00 85---------------------------------------------------------------------------M-43-11(i) 1195E 11.1 1.00 103---------------------------------------------------------------------------M-13-94 1230E 11.5 5.30 187---------------------------------------------------------------------------M-13-93 1240E 33.6 5.85 217---------------------------------------------------------------------------M-13-95 1265E 42.0 7.20 278---------------------------------------------------------------------------(i) Old drill holes



"In light of these results, we have decided to add another 1,000 metres of drilling to the program, for a total of 3,500 meters. The series of holes now being drilled are aimed at testing the lateral extensions of the mineralization on Sections 1300E and 1200E at the same vertical depths," Mr. Grondin added.

The technical content of this press release has been reviewed and approved by Maurice Giroux, a qualified person as defined by NI 43-101.

Sample Preparation and Analysis

The NQ-diameter core is sawed in half, with one half kept as a witness sample and the other half shipped to the James Bay Joint Action Mining Committee in Chibougamau to be ground and pulverized. After primary grinding, the sample is quarter split, and one half is kept as a witness (reject) while the other half is sent for pulverization.

The nominal weight of the pulverized pulp is 1,000 g unless the raw sample was less than 2 kg, in which case all of the pulp is sent to AGAT Laboratories in Mississauga, Ontario.

AGATLabs (Mississauga, ON) takes a 50-g sample for processing by fire assay with atomic absorption finish. When values are higher than 10 g/t Au, gravity analysis is also done.

Financing through debentures

As fully disclosed on its press release dated February 26, 2013, Quinto restates its intention to finalize as soon as possible a $500,000 financing through secured debentures.

About Quinto Real Capital Corporation

Quinto Real Capital Corporation is a Canadian-based mining exploration company focused on the exploration, evaluation and development of gold mining properties with a view to commercial production. Quinto holds two options to acquire up to a 70% interest in the Monster Lake gold property, located in the Chibougamau mining camp, in Quebec.

The Corporation's public documents may be consulted on www.sedar.com.

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. Statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statement.



Contacts:
Michael Curtis
President and Chief Executive Officer
514 793-1915





Source: Marketwire


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