Exploration & Processing - Fall 2010 - (Page 124)
QUEENSTON MINING INC.
BY BRIAN SALGADO
QUEENSTON MINING INC. IS BANKING ON CANADA’S RELATIVELY LOW BARRIERS TO ENTRY TO ATTRACT GOLD INVESTORS TO ITS PROPERTIES.
THE QUEEN’S GOLD
Queenston Mining already owns properties in the historically rich Kirkland Lake, Ontario, and Cadillac, Quebec, gold camps, which put the company in an advantageous position to attract investors as gold prices sit at high levels.
Queenston Mining Inc. www.queenston.ca 2009 exploration expenditures:
safe geopolitical environments, and Canada fits that.”
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Headquarters: Toronto Employees: 40 Service: Gold exploration Charles E. Page, president and CEO: “There is a flight back to
urrent gold prices – which sit at around $1,200 per ounce as of July 2010 – have spurred countless junior venture companies into action around the world. One distinct advantage for Queenston Mining Inc. (QMI) is that it owns properties in Canada’s historically rich Kirkland Lake, Ontario, and Cadillac, Quebec, gold camps, which makes for far fewer barriers to entry for investors. “It is all about location with respect to mining projects,” says Charles E. Page, president and CEO. “Our advantage is that the geopolitical environment is safe in Canada where mining is a thriving industry and wanted. There are issues in other jurisdictions, including drastic changes in mining acts, tax and royalties and that is making mining companies and investors nervous. So, there appears to be a flight back to safe geopolitical environments, and Canada fits that.” QMI maintains the largest land holdings in the Kirkland Lake gold camp, located in the heart of the Ontario’s mining district with its holdings comprising 29 contiguous properties totaling an area of 190 kilometers. Kirkland Lake with 40 million ounces of gold is ranked as Canada’s second largest camp with respect to gold production. QMI’s properties host seven gold deposits that contain current and historic mineral resources of 2.1 million ounces. The primary focus, according to QMI, is in Gauthier Township, where QMI is advancing four of its gold deposits – Upper Beaver, McBean, Anoki and Upper Canada – toward production. The company says its goals are to outline a mineral resource of 4 million ounces of gold and feed a central milling facility to be constructed on the Upper Canada site. In Teck Township, QMI says it and Kirkland Lake Gold Inc. continue underground advanced exploration on the joint-venture South Claims and HM properties targeting the new South Mine Complex. Deep surface exploration drilling also will continue to target the South Mine Complex on the 100 percent owned Amalgamated Kirkland Property. The company says it has a 2010 exploration budget in Kirkland Lake of $16 million for work on eight separate properties that will utilize up to 15 diamond drill rigs. In the Cadillac gold camp, QMI maintains two past producing gold properties along the Cadillac Break adjacent to the LaRonde and Lapa gold mines operated
Table of Contents for the Digital Edition of Exploration & Processing - Fall 2010
Exploration & Processing - Fall 2010
Profitable Path to Renewable Energy
Dynamic Air Shelters Ltd.
Elevating Boats LLC
Gazelle’s Oilfield Services Ltd.
International Alliance Group
Lydford Mining Co.
Offshore Inland Marine, Industrial & Oilfield Services
Q.B. Johnson Manufacturing Inc.
Thermo Design Engineering
Western Camp Services Ltd.
Western Copper Corp.
Alberta Welltest Incinerators
Blakely Construction Co. Inc.
Bluewater Constructors Inc.
Energy Fabrication Inc.
OFM Pump Inc.
Lithium Americas Corp.
New Dominion Construction Inc.
Owen Sound Ledgerock Ltd.
Reagan Equipment Co. Inc.
Swick Mining Services (Canada) Inc.
American Oil & Gas – The Goliath Project
Africo Resources Ltd.
American Tank Company Inc.
Atlas Copco Geotechnical Drilling & Exploration
Clarkco Oilfield Services Inc.
Energy Fuels Resources Corp.
ESA Renewables LLC
GPR Industries (1994) Ltd.
Helio Resource Corp.
Landdrill International Inc.
Laurel Aggregates Inc.
LoneStar Energy Fabrication
NioGold Mining Corp.
Pacific Booker Minerals Inc.
Phoenix Exploration Co.
Premium Rock Bit Corp.
Queenston Mining Inc.
RAE Engineering & Inspection Ltd.
Goldcorp – Red Lake Gold Mines
C-FER Technologies Inc.
Eden Stone and Valders Stone & Marble Inc.
Exploration & Processing - Fall 2010