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Thursday, March 25, 2010

Queensland Mining Corporation (ASE:QMN) Flamingo Resources

Queensland Mining Corporation Estimate Flamingo copper-gold

Queensland Mining Corporation (ASE:QMN) announced its estimate of the Flamingo copper-gold resource project. Shares in the company rose as identification of mineralization of a 300 meter long area reinforced company assertions in the past.

All resources have been classified as Inferred Resources at the site, and the estimate has been reported in compliance with the 2004 edition of the JORC Code.

Drilling by Xstrata (formerly Mount Isa Mines) in 1994, along with data garnered from drilling by QMC in 2009 was the basis of the resource estimate.

The drilling program to define the resources at the Flamingo copper-gold will start on April 7. The drilling will be 2,500 meters and will commence to find out the size of the resource and to expand the search of the overall area in the project targeted.

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