Kirkland lake Gold Inc. has entered into three joint venture projects with Queenston Mining.
They include the Gracie West, Kirkland West and South Claims.
As of April 2010, current reserves and resources in the South Claims Joint venture include:*
| Category | Tons | Grade (opt) | Ounces |
|---|---|---|---|
| Proven: | 0 | ||
| Probable: | 0 | ||
| Measured Resource | 0 | ||
| Indicated Resource | 96,600 | 1.37 | 132,000 |
| Inferred Resource | 132,900 | 1.24 | 164,900 |
*All ounces are to be shared on a 50/50 basis. Kirkland Lake Gold is the operator of the joint venture.
See Kirkland Lake news release dated July 14th, 2010, a copy of which has been filed on SEDAR for further particulars. The contents of the above reserve and resource statements have been verified and approved by the Company's Chief Exploration Geologist, Stewart Carmichael, P.Geo, a “qualified person” for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral projects.
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