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Kirkland Lake Gold Project, Ontario
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Advancing 4 gold deposits towards production in
the eastern portion of the camp
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Three joint ventures with Kirkland Lake Gold
Inc. in the western portion of camp
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18 properties, 884 mineral claims (14,000 ha)
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Past production: 3.4 million ounces
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Historic-current resources: 5 deposits,
1,490,000 ounces
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2007 Highlights:
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new Au-Cu zones at Upper Beaver continues to
grow
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Upper Beaver system remains open to depth
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new joint venture with Kirkland Lake Gold Inc.
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2008 Program:
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NI 43-101 mineral resource planned at Upper
Beaver
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deep exploration drilling at Upper Beaver
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resource definition drilling at McBean
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underground JV exploration on South Claims with
KL Gold
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deep surface drilling on AK property
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The Company is advancing four of its 100% owned gold deposits
in the eastern portion of the camp located in Gauthier Township
towards production. The goal is to outline a collective mineral
resource of 2 million ounces of gold from the Upper Beaver,
McBean, Anoki and Upper Canada deposits and feed a central
milling facility to be constructed on the Upper Canada mine
site. All four deposits are within 8 km of the planned central
mill facility all accessible by an existing road network. In
2008 work will be focused on the Upper Beaver property where
drilling in 2006-07 has outlined a large gold-copper system that
is being prepared for a NI 43-101 mineral resource. Also, in the
same township, the Company will begin to advance the past
producing McBean gold deposit towards NI 43-101 resource status
and complete geological modeling at Upper Canada. In the western
portion of the camp, Queenston and Kirkland Lake Gold Inc. will
jointly carry-out underground, advanced exploration on the South
Claims property targeting the new South Mine Complex. Deep
surface exploration drilling will also target the South Mine
Complex on the 100% owned Amalgamated Kirkland Property.
Kirkland Lake is one of the most prolific
gold camps in Ontario. This mining and lumbering community of
10,000 people is located 500 km north of Toronto and is
assessable by paved highways and roads. From 1910 to 1999 the
camp has produced 37.3 million oz. of gold from 25 mines and
collectively amounts to 100 million tonnes mined at a recovered
grade of 12.74 g/t. Gold was first discovered in 1906, in
Swastika and Larder Lake and the first gold was produced from
the Swastika mine in 1910. Production was continuous for 90
years, when in 2000 the Macassa Mine was closed. In 2002,
Kirkland Lake Gold Inc. re-opened Macassa and plans to produce
gold at a rate of 80,000 oz/year in 2008.
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Gauthier Twp. Gold Deposits |
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Regional and Camp Setting |
The Kirkland Lake Gold Camp is located in the south
central portion of the Abitibi greenstone belt and extends east-west
along a regional gold structure (the Larder Lake Break) for 50 km across
five townships (Teck, Lebel, Gauthier, McVittie and McGarry).
The Kirkland Lake Gold Camp is essentially defined
by a five-kilometer corridor around the Larder Lake Break. This major
regional structure has juxtaposed Tisdale assemblage (also known locally
as the Larder Lake Group) mafic to ultramafic rocks against much younger
alkalic volcanic and sedimentary rocks of the Timiskaming assemblage.
The Kinojevis (Blake River) package of mafic volcanics and an isolated
package of Upper Tisdale felsic volcanic rocks, known locally as the
Gauthier Group lies north of the Timiskaming assemblage.
Majority of the gold mines in the camp are located
on or near the Larder Lake Break or subsidiary splays and shears. A
characteristic of the gold bearing structures in the camp is their
lateral and vertical extent. At the Lakeshore mine, operations extended
to 2.3 km with ore intersections to 3 km and at the Upper Canada mine
ore was mined to a depth of 1.8 km.
There are three major ore types in the Kirkland
Lake camp. In terms of importance these include “break/vein/breccia
type” associated to fault and shear zones in Timiskaming rocks, “flow
ore type” associated to altered mafic Fe-tholeiitic flow rocks and
“green carbonate ore” associated to altered and deformed ultramafic
komatiitic flow rocks.
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Regional Gold
Structures
Camp Gold Production
Camp Geology
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With a combination of approximately 884 patented,
leased and unpatented mineral claims (14,000 ha) comprising 18
properties the Company controls the single largest, land package ever
assembled in this historic camp covering 30 km along the Larder Lake –
Cadillac Break. On 14 properties (783 claims) the Company owns a 100%
interest and on 4 others (101 claims) holds joint venture interests.
On the combined property 4 mines (Sylvanite, Upper
Canada, McBean and Upper Beaver) have produced 3.4 million ounces of
gold and there exists 5 gold deposits (Upper Canada, McBean, Anoki, AK
and 180 East) with combined historic and current measured + indicated
resources of 3,584,378 t averaging 6.0 g/t (700,000 oz.) and historic
and current inferred resources of 4,616,375 t averaging 5.3 g/t (790,000
oz.). In addition to the deposits there are 50 gold showings on the
property, 14 shafts with underground workings, an exploration office and
a tailings impoundment facility.
| Deposit |
Years |
Tonnes
Mined |
Grade
Recovered
(g/t) |
Gold
Production
(oz) |
| Upper Canada |
1936-1972 |
4,294,873 |
11.0 |
1,520,503 |
| Sylvanite |
1927-1961 |
4,580,786 |
11.4 |
1,674,808 |
| McBean |
1984-1986 |
505,866 |
3.0 |
48,513 |
| Upper Beaver |
1913-1972 |
526,678 |
8.3 |
140,709 |
| Anoki |
1987 |
24,494 |
4.0 |
3,134 |
| Golden Gate |
1913-47 |
94,011 |
10.3 |
31,089 |
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10,026,708 |
10.6 |
3,418,756 |
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Historic Mineral Resources
(Non-compliant NI 43-101) |
| Deposit |
Measured + Indicated Resources |
Inferred Resources |
| Upper Canada * |
1,899,973 t @ 6.9 g/t |
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| McBean ¹ |
835,518 t @ 5.1 g/t |
1,835,237 t @ 6.5 g/t |
| AK ² |
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2,639,338 t @ 4.5 g/t |
| 180 East ³ |
326,587 t @ 4.1 g/t |
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| Total |
3,062,078 t @ 6.1 g/t |
4,474,575 t @ 5.2 g/t |
* RPA/Inco/Queenston :1996/1990/1997
¹ Inco/RPA/Queenston : 1990/1996/1997
² Cyprus/Queenston : 1995/1997
³ Inco/RPA : 1989/1996
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Current Mineral Resources
(NI 43-101 after RPA 2004) |
| Deposit |
Measured + Indicated
Resources |
Inferred
Resources |
| Anoki ¹ |
522,300 t @ 5.7 g/t |
35,800 t @ 5.7
g/t |
| Anoki South¹ |
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106,000 t @ 6.5
g/t |
| Total |
522,300 t @ 5.7 g/t
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141,800 t @
6.3 g/t |
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Property Map
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