Queenston Mining and Kirkland Lake Gold jointly acquire KL claims.Queenston Mining Inc. and 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. Gold Inc. have formed a joint venture to purchase and explore four mineral claims within the Kirkland Lake gold camp. Referred to as the South Claims and East Claim, the properties are located in Teck Township township: see town. , adjacent to Kirkland Lake Gold's Macassa Mine property and Queenston's Amalgamated a·mal·ga·mate v. a·mal·ga·mat·ed, a·mal·ga·mat·ing, a·mal·ga·mates v.tr. 1. To combine into a unified or integrated whole; unite. See Synonyms at mix. 2. Kirkland property. This joint venture, operated by Kirkland Lake Gold, marks the beginning of a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. exploration project on the properties. An initial 5,000 feet of underground drilling is already planned on the South Claims. |
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