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HM Claim
Overview |
Background | History
| Geology and Mineralization |
2009 Program |
2010 Program
Property Overview
| Ownership |
50% |
| Past Production |
None |
|
Deposit Type |
South Mine Complex (“SMC”) |
|
NI 43-101 Resource |
None |
| Location |
Adjacent to operating Macassa gold mine |
| Status |
Deep surface
drilling intersects high-grade Au.
Underground exploration planned in 2010. |
Background
In February 2009, Queenston and Kirkland Lake Gold Inc. (“KL Gold”) each
purchased a 50% interest in one mineral claim (16 ha) in Teck Township. The
claim referred to as the HM Property is a single leased mineral claim in the
heart of the camp south and adjacent to KL Gold’s Macassa property
(currently in production), north of Queenston’s Amalgamated Kirkland
property and east of South Claims JV property. There is a 3% NSR royalty on
the claims payable to the vendors.
Brief
History
The only recorded history of past exploration on the property was 8 surface
diamond drill holes complered by GLR Resources Inc. in 2005. Anomalous gold
values were encountered in the drilling including 1.8 g/t Au over 4 m (hole
HM05-08) and 2.4 g/t Au over 2.0 m (hole HM05-05.believed to be
mineralization that forms part of the SMC discovered to the north on the
Macassa mine property.
Property
Geology and Mineralization
The HM Claim is underlain by conglomerate and tuff of the Timiskaming
Assemblage to the north and underlain by porphyry to the south.The
northeast-southwest trending Amalgamated Break is located south of the claim
on the Queenston’s Amalgamated Kirkland property. In addition to the shallow
gold mineralization intersected by GLR Resources in 2005, deep drilling by
the Queenston – KL Gold JV intersected high grade mineralization in a new
zone believed to be part of the SMC in 2009. The deep mineralization occurs
in a quartz vein zone containing pyrite and visible gold hosted in porphyry.
2009 Program
In 2009 the JV commenced a deep drilling program on the HM claim targeting
the SMC. The drilling included one pilot hole collared on Queesnton’s
Amalgamated Kirkland property to the south and three wedge holes extended
from surface holes previously drilled by Queenston. The drilling totaled
1,777.6 m and returned high-grade mineralization including 31.8 g/t over 2.3
m in hole AK08-2W4, 25.5 g/t over 1.6 m in hole AK09-2W5 and 59.5 g/t over
1.5 m in hole AK09-2W6. These intersections occur between 1,775.5 and
1,975.1 m below surface and although the elevations are similar to the SMC
some 300 m to the west is is too early to determine if they form part of the
same zone. For further details on the HM drilling see news release dated
November 24, 2009.
2010 Program
The JV budget for the HM property has not been finalized at this time,
however we plan to further define the high-grade mineralization encountered
in the surface drilling by employing an underground drilling program in 2010
from the 5300’ xcut.
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