A Comparative Review of Queenstake Resources Ltd. Alluvial Gold Mining Operations

Queenstake Resources Ltd. has been exploring and mining alluvial gold deposits in the Yukon Territory and British Columbia since 1980. The five mines in production produced, in 1987, a total of 13,222 ounces. This paper will briefly review Queenstake's exploration program, property descriptions and mining methods, environmental concerns and a comparison of costs. (Sueenstake has been successful in developing a cash flow base from these operations that provide the capital for the acquisition and exploration of new, and hopefully, larger scale gold producers. NOTE: The historic alluvial mining unit of ounces per cubic yard and English units of measurement have been used throughout this paper. Dollars are Canadian unless otherwise noted.