An exploration partnership between Kirkland Lake Gold and Queenston Mining has grown closer.
The two companies are expanding their joint venture program in the Abitibi Greenstone Belt of northeastern Ontario with some new wrinkles in their exploration plan.
Kirkland Lake Gold is spending $400,000 on exploration consisting of driving a drift from the 5,300-foot level of the company's Macassa Mine southeast onto Queenston's Amalgamated Kirkland property. A drilling station will be established to target a gold deposit known as the South Mine Complex.
Queenston Mining is contributing 15 claims from its Amalgamated Kirkland and Kirkland Hudson properties to the joint-venture exploration program.
“This new joint venture is an important part of our overall exploration program to continue to drill and extend the South Mine Complex and other gold structures being found to the east,” said Kirkland Lake Gold president and CEO Brian Hinchcliffe in an Aug. 24 statement.
Kirkland Lake Gold owns the Macassa Mine and mill along with four former gold-producing properties near the town of Kirkland Lake.
After three years of surface and underground drilling, Queenston president and CEO Charlie Page believes there may be a gold extension from the South Mine Complex onto the Amalgamated Kirkland property.
Queenston has a land package of 29 properties in the Kirkland Lake camp, covering 19,000 hectares.
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