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East Claim JV
Property Overview
| Ownership |
50% |
| Past Production |
None |
|
Deposit Type |
Kirkland Lake Main Break, South Mine Complex |
|
NI 43-101 Resource |
None |
| Location |
Adjacent to operating Macassa gold mine |
| Status |
Property favourably
located east of SMC.
JV proposing surface drilling program. |
Background
In 2007 Queenston and KL Gold purchased the East Claim from a local vendor
for $150,000 cash and a 2% NSR royalty with a buyback of one half (1%) for
$1 million. The property has no reported work history and was purchased for
its strategic location east of the SMC that is currently being explored by
the JV to the west.
Property Geology
and Mineralization
The East Claim is underlain by Timiskaming sediments and is cut by the
Amalgamated Break. There is no reported mineralization on the claim.
2010 Program
Since the property was purchased by the JV in 2007 no work has been
completed. Now that the SMC has been intersected on the HM claim
approximately 600 m to the west, the JV is entertaining a surface drilling
program on the East Claim property in 2010. |
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