Queenston’s project portfolio contains
advanced gold properties in
Kirkland Lake,
Ontario and
Cadillac, Quebec.
In the historic Kirkland Lake gold camp the Company maintains the largest land
holdings in the district comprising 35 contiguous properties totalling an area
of 220 square kilometers. The properties host 11 gold deposits that contain
current and historic mineral resources of 4.2 million ounces (in all
categories). The primary focus is in Gauthier Township where the Company is
advancing four of its 100% owned gold properties (Upper Beaver, McBean- Anoki,
Bidgood and Upper Canada) towards production. The goal is to outline a mineral
resource of 6 million ounces of gold to feed a central milling facility to be
constructed on the Upper Canada site.
In Teck Township, Queenston and Kirkland Lake Gold Inc. continue underground,
advanced exploration on the joint venture
South Claims,
AK and
HM properties
targeting the new South Mine Complex.
In 2011 the Company has an exploration budget in Kirkland Lake of $25 million
drilling 8 properties with up to 16 diamond drill rigs.
In the Cadillac gold camp Queenston maintains two past producing gold properties along the Cadillac Break adjacent to the LaRonde and Lapa gold mines operated by
Agnico Eagle Mines. The
Wood-Pandora property is a 50-50 joint venture with
Globex Mining and the
Pandora is 100% owned. The properties host 7 gold deposits that contain current and historic mineral resources of 715,000 oz. (527,000 net to Queenston). In 2011 the joint venture will continue a drilling program to evaluate the economic potential of the Ironwood deposit employing a local custom mill.
