1 Queenston Mining boasts largest land package.
Buy low, drill deep and sell high is the thrust behind Queenston Mining Inc.
This junior miner has an accumulated land holding of approximately 14,000 hectares representing the largest land package in the Kirkland Lake Kirkland Lake, mining town, E Ont., Canada. An important gold-mining center, gold was discovered there in 1911 and again in the 1980s at Harker. The mining of iron ore and tourism are two other important industries. Mining Camp. The company assembled much of its land claims over the last 15 years when gold wasn't a high priority
CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president Charles Page For other persons named Charles Page, see Charles Page (disambiguation).
Charles Page (June 2, 1860-1926) was an important philanthropist in the early history of Oklahoma and Tulsa. says they saw the value of acquiring land with proven mining camps, aware of the potential for new discoveries. Consequently, the focus has been upon land acquisition along a regional gold structure called the Larder Lake break, where Queenston Mining's package spans about 27 kilometres.
During the last five years, metal prices have almost doubled in value, making deeper drilling more economically viable.
"Our basic philosophy is that the easy deposits (on surface) have been found," says Page. "We're looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the deeper ones and the only way to discover these is with deep drilling. That is our main exploration tool."
With $7 million in working capital, Queenston is investing $5 million in exploration in the Kirkland Lake area. The 100 per cent-owned Upper Beaver property is presently their highest profile project. Located in the northeast section of Gauthier Township, it was the former gold-producing Argonaut Mine The Argonaut Mine is a gold mine in Jackson, California, United States. It was discovered in 1850 and was the site of the worst gold-mining disaster in the state's history. from the early 1900s. Seventy-four holes have been drilled to date since 2005. Initial surface surveys and geophysics were performed. Page saw potential below the former mine workings, and set up drills looking for extensions and repetitions of the mineralization Mineralization
The process by which the body uses minerals to build bone structure.
Mentioned in: Rickets
n the bioprecipitation of an inorganic substance. at depth.
With at least six zones established, about 80 per cent of the 74 holes drilled had significant gold-copper intersections in them, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Page. The Porphyry Porphyry, Greek scholar
Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. and Lower Gauthier Zones extend laterally along strike about 450 metres, and about 450 m vertically for the Porphyry and 350 m for the Lower Gauthier.
Some examples of intersections are 20.3 grams of gold (Au) per tonne (g/t) with two per cent copper (Cu) over 10.7 m from the Porphyry, and 26.8 g/t Au over 3.0 m from the Lower Gauthier.
"Some of our intersections will have a value close to $200 to $250 per tonne in terms of metal value in the ground," Page says, batting around some preliminary numbers.
Positive drill results led the company to complete an in-house resource calculation. Encouraged by the numbers, they raised $3 million to finance a 44,000-m resource drill program currently underway. They've also retained an international geological and engineering firm to assist in the NI 43-101 mineral resource calculation. Page anticipates the drill program's completion early in the fourth quarter.
"We're quite excited about the focus of that going forward in turning Queenston back into a gold-producing company again."
Although the Upper Beaver property is a prominent driver, the company has many other irons in the fire. Six kilometres south of Upper Beaver are the McBean (past producer of 50,000 oz.) and Anoki properties each with historic resources of about 14.2 million grams (0.5 million oz.). To date, Queenston has spent about $450,000 on a 6,000-m resource drill program on the McBean property.
Ultimately, the goal is to combine production from McBean, Anoki and Upper Beaver to feed into one milling facility at the old Upper Canada Upper Canada: see Ontario. Mine site (past producer of 1.6 million oz), where the company would construct a mill to compliment the existing tailings Tailings (also known as tailings pile, tails, leach residue, or slickens) are the materials left over after the process of separating the valuable fraction from the worthless fraction of an ore. facility.
Presently, their exploration headquarters is located at the Upper Canada Mine office in Gauthier Township.
Another advanced project is Queenston's joint venture with Kirkland Lake Gold (KLG KLG Ken Lockwood Gorge (on Raritan River, NJ)
KLG Key Logger ) on the Kirkland Lake West property owned by Newmont Mining Inc. Both Queenston and KLG have the right to earn 50 per cent in the project by spending $2.5 million over a four-year period.
They are exploring underground (4,750 ft. level) to the west of the continuation of the main gold structure called the Kirkland Lake-Larder Lake main break from where 24 million oz of gold was produced. Should they find the continuation of the break, it could generate some cash flow for Queenston to bring its Ontario projects to fruition and spur on further exploration.
Queenston Mining Inc.
Head Office: Toronto
CEO: Charles Page
Ontario Projects: Upper Beaver Gold-Copper (Kirkland Lake)
By ADELLE LARMOUR
Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario.